Welcome to the Jill on Money Show. It's Tuesday, December 28th. And boy, we are hearing a lot from folks who are talking about insurance lately. I don't know, maybe these insurance agents have year-end quotas or something. Like, it's been amazing. Maybe it's like the car dealerships that have to move cars

towards the end of the year. Don't forget, this is a good time to buy a car right at the end of

the year. End of the quarter, end of the year, good time to buy a car. If you can find one.

Today we are talking to Bill from Buffalo. Hey, Bill. How can we help you out?

Thanks, Jill. Well, just have some concerns. My wife and I just have some basic

retirement accounts, but we decided to meet with the person who manages my 401k and just get some

advice. She was suggesting for some retirement planning that we look at a whole life policy

to use as a sort of a volatility buffer as a non-correlated asset against the stock market

and integrating that with my wife's 403B and pension in addition to my 401K, everything that I've been looking at online just sort of

seems to advise against that with the fees involved and the low rate of return. I just wasn't sure

if that was a good idea. Okay. So very odd idea. First, let's go back. Tell me about yourself. How old are you?

I am 46. How old is your spouse?

38. And you have a two-year-old and any other kids?

No, but possibly another one sometime soon.

Okay, so two-year-old with an option to buy a second one correct okay great um okay

and tell us about how much you guys make together together we make about 151,000 okay i'll call it

150 and you both have retirement plans you said you have a 401k she. She's got a 403B. Is she a teacher or a

He is a teacher. Okay, great. And so she will have a pension, right? She does. Okay, great. And in your

retirement plan, what is the the investment option inside of that retirement plan? As far as it's just mutual funds,

basically that's all I know. Okay, so it's a bunch of mutual funds. Do you remember the company

that offers the funds? I think it's through mass mutual. Okay, this is what I'm getting at.

When you first said, I have a CFP and she started recommending whole life,

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