08.03.22 Ad Awareness / 401(k) into IRA Rollover - WARNING

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 3 August 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you know when you’re being played by sneaky product placement? Products are placed within the content of streamed TV shows and movies, and social media influencers are paid to recommend products. Know this is bought and paid for advertising - an indirect form of commercials. Also - A special warning about moving your retirement money when changing jobs. If you plan on rolling over a 401(k) into an IRA, knowing what Clark has to say about it can save you tens of thousands of dollars over time. Ad Awareness: Segment 1 Ask Clark: Segment 2 Retirement Rollover Warning: Segment 3 Ask Clark: Segment 4 Mentioned on the show: What Is a Reverse Mortgage and How Does It Work? Clark's take on reverse mortgages How Can a Safe Driving App Save You Money? - USAA Betterment vs. Wealthfront: Which Robo-Advisor Is Best for You? Best Investment Companies for Investors in 2022 CNBC: IRA rollovers often come with higher investment fees, Pew finds: Here’s how much money that costs retirement savers. Clark.com 401(k) Rollover: How To Roll Over a 401(k) How to Freeze Your Credit With Experian, Equifax and TransUnion Why Clark Howard Thinks Medicare Advantage Plans Stink Clark.com resources Episode transcripts 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

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0:00.0	It's my pleasure to welcome you to the Clark Howard Show where our mission is to serve
0:09.2	you and empower you.
0:11.3	She makes better financial decisions in your life.
0:14.3	First up, today's episode, ads, gosh, they're all over the place in new sneaky ways where
0:23.1	you wouldn't expect them.
0:25.7	And later, I've got an important warning for you if you've left an old employer and
0:32.4	you're trying to figure out what to do with your 401k and I'm also going to take your
0:37.6	questions.
0:39.3	So product placement, it's something that was really, there was a press shunt thing in
0:47.0	a movie that was the Truman Show.
0:50.8	Thank you, Chris.
0:51.8	The Truman Show, which Jim Carey.
0:53.2	Thank you.
0:54.2	How did you know that I couldn't remember the Truman Show?
0:56.2	What this made me think of too was the Truman Show.
0:58.9	Just mind-mout.
1:00.1	That was very impressive.
1:01.6	Okay.
1:02.6	So in the Truman Show, the writers of that movie, which was what, 30 years ago, long time
1:10.0	ago, they were like, this is where advertising's going.
1:14.1	This is a Truman Show, if you're not aware, was the first thing in 1998, so 24 years ago.
1:22.2	It was the first, like, true reality show kind of mimic.
	...

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