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
Ask Jesse: How Should You Track Vacation Spending?
A Financial Roadmap for Marriage and Financial Separation with Attorneys Kelly Frawley and Emily Pollock
Better Budgeting... and a Rant about Banks
Ask Jesse: First-Time Home Buyer in a Crazy Market
Savings With a Purpose
EP16 Money Stories: First Responders and Finance, $78k Debt Paid off in 28 Months
Meet Todd: The CEO Behind YNAB
EP15 Money Stories: Unconventional Job? No Problem. A Lifetime of Budgeting Wisdom from Nina Clark
Ask Jesse All About Taxes
So You Want to Renovate Your Home...
15 vs 30 Year Mortgage: Which Is Actually Better?
EP14 Money Stories: How Mackenzie Uses YNAB to Navigate College, Study Abroad, and Multiple Currencies
Master Your Grocery Budget with Erin
A Little Momentum Is All You Need
Budget Nerds Is Now a Podcast!
Ask Jesse: Planning for 3-Month Paychecks and Windfalls
Ask Jesse: How Do You Budget After Retirement?
Real Estate 101 with Scott Trench (BiggerPockets)
The Organized Wallet with Ashley from TikTok
Take the More Money Challenge with Veronica
Create your
podcast in
minutes
It is Free
We Study Billionaires - The Investor’s Podcast Network
Money Girl
So Money with Farnoosh Torabi
Money Tree Investing
The Disciplined Investor