02.19.25 Your Savings Rate / Running Out Of Money In Retirement

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 19 February 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

One of the most popular pages on Clark.com is our Best High Yield Online Savings Accounts article, because we all want to get the most interest on our cash. Capital One was recently accused of cheating customers out of interest rate payments - so how do you ensure you are getting best rates? Also - several high profile celebrities have revealed that they have run out of retirement savings. It just goes to show that it’s not how much you make, but how much you save. Avoid the MPC (Marginal Propensity to Consume) trap that has drained dry even the wealthiest of earners. Make More On Savings: Segment 1 Ask Clark: Segment 2 Retirement: Running On Empty: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Capital One Accused of ‘Cheating’ Customers Out of $2 Billion Best High-Yield Online Savings Accounts - Clark.com High-Yield Savings Account (HYSA) Calculator How To Open a Roth IRA Best 529 College Savings Plans By State What Is an HSA Account and How Does It Work? Clark.com resources Episode transcripts Community.Clark.com / Ask Clark Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Advertisers: policygenius.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What if your bank did more than just bank?
0:02.6	With HSBC Premier, it's like carrying your own entourage in your wallet.
0:06.7	Premier wealth management, check.
0:08.6	Premier health perks, all clear.
0:10.7	Premier travel benefits, you're covered.
0:12.8	And Premier International Banking, see, we, yo, yeah.
0:16.8	In fact, everything's premier when your bank account is.
0:19.6	Search HSBC Premier, HSBC UK, opening up a world of opportunity.
0:24.4	Apply with £100,000 annual income or £100,000 savings or investments with HSBC UK or Premier status abroad.
0:30.4	Get ready for a game changer.
0:32.3	Adobe Express is the quick and easy app that makes creating content for your business easier than ever.
0:37.2	From engaging presentations to eye-catching animations and social posts... the quick and easy app that makes creating content for your business easier than ever.
0:42.6	From engaging presentations to eye-catching animations and social posts, your teams can produce work that's on brand and on time every time. Transform your ideas into stand-out content
0:48.4	with time-saving generative AI features that are designed to be safe for commercial use. No headaches,
0:56.0	just results. Curious to learn more, head to Adobe.com forward slash express. It's great to have you here on the Clark
1:07.0	Howard Show. Our mission is to serve you with advice and information that empowers you
1:12.3	so you make better financial decisions in your life. You know, one of the most popular pages
1:18.4	we have on Clark.com is our best high-yield online savings account list. I want you to not get
1:26.8	ripped off by your bank. Capital One was recently
1:30.5	accused of cheating customers out of interest rates, and it turns out that over and over again,
1:38.2	we're getting cheated on savings and interest rates from our bank, our brokerage, even potentially at a credit union.
1:47.4	I'm going to tell you what you need to know.
	...

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