4.6 • 4.9K Ratings
🗓️ 27 July 2022
⏱️ 37 minutes
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| 0:00.0 | It's my pleasure to welcome you to the Clark Howard Show, our mission is to serve you |
| 0:09.6 | and empower you to make better financial decisions in your life. |
| 0:15.1 | Hope that you're subscribed to our daily newsletters at Clark.com and ClarkDeals.com. |
| 0:22.3 | You know what they cost? |
| 0:24.0 | They're free but they could make you a lot of money or save you big money. |
| 0:30.2 | Today I've got an update on what was a ridiculous debacle at Vanguard and investors that out |
| 0:40.4 | of nowhere were clobbered with giant tax bills even though they didn't change a thing they |
| 0:46.8 | had not withdrawn their money. |
| 0:49.4 | So who travel? |
| 0:53.6 | A little complicated this summer and there's a meltdown with the airlines and I want to |
| 1:01.1 | tell you how best to protect yourself with what's going on with travel, some things that |
| 1:08.6 | are normal strategies in my playbook might not be in yours. |
| 1:13.2 | You need to adopt them. |
| 1:15.9 | So Vanguard. |
| 1:18.4 | Vanguard is basically a credit union for investing owned by its members. |
| 1:26.4 | And so being that type of organization, a co-op, you think that Vanguard would do what was |
| 1:33.7 | best for all its members. |
| 1:37.0 | But no, Vanguard did something sneaky, dirty, underhanded and ended up sticking a lot of |
| 1:46.0 | its smaller investors with ugly, massive tax bills. |
| 1:52.3 | What Vanguard did is there's a product you've heard me talk about a lot, a Target Retirement |
| 1:57.1 | Fund where if you're not really somebody who's into investing, you get confused by |
| 2:05.3 | it whatever, it's a set it and forget it kind of thing. |
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