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
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
238 - Outsourcing
237 - Thinking Aloud About "To Be Budgeted"
236 - Working at YNAB
235 - The Simple Path to Wealth
234 - Deep Work for Dialed In Priorities
233 - One of the Richest Men in the World was a Bookkeeper
232 - Treat Yourself
231 - When You're Paid Every Day
230 - Budgeting with a Partner
229 - Simplify: Decision Fatigue
228 - Think Long, Act Now: Focus & Start Now
227 - A Report on Our "Cash is King" Budget
226 - Cars and the Identities that Drive Them
225 - Moments that Force You to Question Your Priorities
224 - Think Long, Act Now: Savings & Your Budget
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