08.20.24 New Retirement Savings Incentive / Liability Risks & Umbrella Insurance

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 5.2K Ratings

🗓️ 20 August 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, choosing the right phone plan could save you up to $1500 a year. Clark introduces our new Phone Plan Finder tool to help you cut through the confusion and make that choice much easier. Then Clark discusses a great new retirement savings option for part-time and self-employed workers. Also - It’s vital to understand your liability risks and insure accordingly, which for many, includes umbrella insurance. New Roth Options: Segment 1 Ask Clark: Segment 2 Liability Insurance: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Phone Plan Finder – Find the Best Plan For You - Clark.com Changes in Retirement Savings Rules to Know Before Year’s End - WSJ 6% of Your Paycheck Is Becoming the New Standard for 401(k) Saving The 3 Biggest Mistakes You Can Make With Your 401(k) The 401(k) Rollover Mistake That Costs Retirement Savers Billions - WSJ 401(k) Rollover: How To Roll Over a 401(k) (Clark.com) What Is a SEP IRA and Who Is Eligible? What Is a SIMPLE IRA and How Does It Work? Certificate of Deposit (CD): What Is It, Best Places To Open One What Is a Roth 401(k) and How Does It Work? Rollovers From a 529 Plan to Roth IRA: What to Know Umbrella Insurance Covers Worst-Case Scenarios. There Are Now More of Them. - WSJ What Is Umbrella Insurance and Do You Need It? (Clark.com) 6 Things To Know Before Contacting the National Foundation for Credit Counseling Why Clark Says You Should ‘Ignore’ Paze as Trendy New Payment Option 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

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0:16.0	It's great to have you here on 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. So you need some empowerment.
0:19.0	We provide one-on-one free advice.
0:23.8	Something we've been doing since 1993,
0:28.0	available to you 30 hours each week.
0:30.7	You can talk with a member of Team Clark when you have a question, a problem, a concern.
0:37.6	You just don't know what to do or how to do it.
0:40.4	Go to Clark.com slash C.A.C. to see.
0:44.0	Right. Talk about something that we don't know how to do that could save us, depending whether
0:51.3	you're buying for an individual, a couple, or a family, a thousand to
0:55.3	fifteen hundred dollars a year, first who couldn't benefit from having an extra thousand
1:01.3	to fifteen hundred dollars a year back in your life
1:05.2	almost all of us are way overpaying for our mobile phone service or cell phone
1:12.2	service and we have been working for months to
1:16.9	develop a decision-making tool that we now have available to you at Clark.com and we will continue to refine it and
1:27.1	improve it over time too that allows you to put in what you spend now,
1:36.2	what you use in terms of data,
1:38.6	whether you travel a lot outside the country,
1:40.9	all those variables.
1:42.9	And then we will show you all the alternatives
1:46.3	that are available, different plans,
1:48.0	different companies that can dramatically lower
1:51.6	the cost of one of your monthlies that is so confusing what
	...

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