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956: Friday Q&A: Pay for College from Retirement Account, Buy Grandparents' Lake House, Salary vs. Benefits, When to Buy a House, Etc.

Radical Personal Finance

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The Cost of Insurance

Joshua: I have a general philosophy that insurance is a bad deal in most cases unless it's ensuring a catastrophic loss and so for instance you know you buy a cell phone they say oh do you want the protection plan for an extra ten bucks a month. Same thing with like a car extended warranty that sort of thing and I wanted to hear your thoughts obviously something like health insurance when you have a lot of assets that could be spent up because you're in the hospital or something that that makes sense as that could be catastrophic loss but one I was curious about your thoughts on that general philosophy and then two where do I drop a line? Joshua: Yes good afternoon thanks Joshua I've enjoyed the call

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