05.30.24 The Magic Number For Retirement / Investing: A Cautionary Tale

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.6 • 5.2K Ratings

🗓️ 30 May 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How do we determine our “magic number” - the amount we need to retire? Clark weighs in on the debate about how much it takes to be financially secure, and how to start and keep making progress. Also today -private placements, hedge funds, limited partnerships, private equity - beware of this type of non-traditional investment “opportunity”. Even when they’re legit, there’s no liquidity, and extremely high expenses. It pays to know why you need to avoid investing with anyone who is not a fiduciary. How Much Do You Need To Retire?: Segment 1 Ask Clark: Segment 2 Risky Investment Pitches: Segment 3 Ask Clark: Segment 4 Mentioned on the show: The “Magic Number” Needed to Retire Comfortably Is More Than You Think Americans Believe They Will Need $1.46 Million to Retire Comfortably According to Northwestern Mutual 2024 Planning & Progress Study - Apr 2, 2024 Retirement crisis looms as Americans struggle to save How Much Do You Need To Retire? How to Start Investing: 10 Steps (Clark.com) How To Save Money: Spend Less & Build Your Savings Warning: Here’s What Those Debt Settlement Companies Don’t Tell You Clark Howard's 2024 Credit Card Debt Elimination Strategy 6 Things To Know Before Contacting the National Foundation for Credit Counseling Best 529 College Savings Plans By State How To Open a Roth IRA The AJC: Atlanta hedge fund manager charged in $10M fraud scheme Best Financial Advisors in 2024 Should You Make Your Child an Authorized User on Your Credit Card? Best Credit Cards for Students: Top Picks for 2024 Travel Archives - Clark Howard 4 Ways To Get Your Free Credit Score Thank you for listening today, Clarkies! If you want to be part of our “Clarkie” segment, call 404-981-2071 to leave a comment or story. We may play it during a future episode! Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is brought to you by Dove.
0:04.0	For every delicate dimple, every curve and crease that you might not lotion every day,
0:09.0	finally get 24 hour lotion soft skin from your body wash.
0:14.4	Introducing new Dove Advanced Care
0:17.1	with micro moisture droplets that nourish every inch
0:20.0	straight from the shower,
0:21.5	making you feel lotion soft for 24 hours.
0:25.0	New Dove Advanced Care.
0:27.0	Try Dove's best ever body wash today.
0:30.0	With the Samsung Neo-Q LED range, there's never a bad seat in the house.
0:36.0	Hear every tackle with immersive sound that follows the on-screen action.
0:41.0	Enjoyed pitch perfect vision with less glare and more goals.
0:45.0	And never miss a moment with more than 65 inches of screen.
0:49.0	Samsung Neo Q LED Range, Bring it home. Features vary by model.
0:54.6	Visit Samsung.com for more information. I'm so glad to welcome you here to the Clark Howard show. You know our mission is to serve you with advice and information that empowers you so you make better financial decisions in your life.
1:17.0	I want to remind you that our growing and dynamic community at Clark.com slash community is there for you.
1:26.5	It's a place for you to share information with your fellow Clarkies and I've been
1:31.2	reading a lot lately about what is involved in you making
1:36.8	progress in your goals for retirement and people been talking about that in the
1:41.9	community as well.
1:43.9	And all the debate about how much money you need
1:48.1	to be financially secure.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Clark Howard, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clark Howard and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.