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
Lifestyle Creep?
Mindfulness and Money: A Chat with a Meditation Expert
Progress Purchases
The Reluctant Partner is a Misread
Books I've Read - The Business Shelf
Books I've Read - The "General" Shelf
Meet Naseema, The Nurse on FIRE
The Rule Three Escape Hatch
COVID Conquerors
YNAB for Good
Atomic Budgeting Pt. 5: The Environment That Shapes You
Atomic Budgeting Pt. 4: The Four Laws of Behavior Change
Atomic Budgeting Pt. 3: Becoming, Not Achieving
Atomic Budgeting Pt. 2: Systems, Not Goals
Atomic Budgeting: Compound Interest
Financial Wellness by YNAB
Daily Reconciliation and Gardening
Doing Nothing Is Something
Chickens, Fruit Trees, and Trellises
Windfalls and Uncertainty
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