compounding is what everyone wants. this one is from sonya. what type of life insurance should we purchase my husband is 37, i m 42. also what is the safest way to save for college? our daughter is 5. this is a two-fer here. the best life insurance she and her husband should do at 37 and 42 is what most people should always do for life insurance because you re buying for protection to pay the mortgage, get the child through school. not investments. maintain the other spouse if a job is lost through death or whatever. term life insurance. it s the cheapest because insurance read my lips, everybody, is not an investment. insurance is protection. it never works as an investment. people get disappointed. the only ones it work for are the people selling it as investment policies. part b. coincidentally to us coming here
from florida, this month s issue of kiplinger magazine has all the best 529 plans listed by states. a 529 plan, there are very good ones. the best are listed by state in this month s kiplinger magazine. and you can cross states. yes, you can. but because of the nature of what s going on worldwide and the risk in the markets and volatility, even though you ve got tons of years, i m afraid human nature, if they see losses after putting money in mutual funds they ll pull it out. do something safe for now. you don t want to put all your savings for college in a 529? they are mutual funds. it s a base. this one is really interesting. ask when the fed will raise the prime rate so banks will pay savers a decent return on deposits and begin to profit
main floor and saw the people injured that we realized something serious happened. it was people were hurt and there was major damage done. reporter: coincidentally, jason, this happened there was another accident involving this same ferry in 2003. far different results, 11 people were killed. does that give you pause? totally. we were actually on the front of the boat taking pictures of the statue of liberty on the way over. it started to rain and was cold so we decided to go back inside. had it not been for that, we could have been on the front of the ferry when it did slam into the dock. we are fortunate and blessed. we do thank god. reporter: let s give a rundown, how do you plan to take the rest of the day? as we are talking to you, we are seeing a raft, a live picture we are taking a look at that is going nearby the ferry. we know it has been moved to another slip and we know there is an investigation going on that will be conducted to get