A listener writes into the show to ask about whole life insurance and whether it's worth it for a young couple in their 30's. As always, it depends! Whole life policies typically come with big fees, which of course insurance companies and salesmen like. Jesse points out that the policies can work for some people in high marginal tax brackets, however the tax savings must be carefully weighed against the earnings you could have made by simply investing in low-cost, diversified index funds and sidestepping the high fees of whole life policies.
Send Jesse an email at:
askjesse@ynab.com
Sign up for a free 34-day trial of YNAB at www.youneedabudget.com
258 - How To Start Over
257 - Resolutioin-Proofing Your Budget
256 - Merry Christmas
255 - Support Amids the Holiday Chaos
254 - A Quick Look Back, and Talking About Going Forward
253 - Budgeting is Boring. Let's All Just Admit That.
252 - Growing Old Together with Your Crazy Money
251 - Rule Two With a Wild Income
250 - Can I Afford It? Yes! Oh...Wait
249 - Budget Fails with Variable Income
248 - March to Your Own Drum
247 - When the Money Itself Becomes a Priority...Watch Out.
246 - A Report on Reports
245 - Budgets & Butlers
244 - We're Doing Workshops Now
243 - A 100% Remote Company. And You Can Too.
242 - But It's MY Car
241 - Cash for the Next House
240 - What Learning YNAB Looks Like
239 - Blank Slate
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