1.23.20 Planning for retirement; Employer pays off employee mortgage; Income share agreements instead of student loans

The Clark Howard Podcast

Clark Howard

Entrepreneurship, Business, Investing

4.6 • 5.2K Ratings

🗓️ 23 January 2020

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Clark discusses the expenses many retirees don't consider when they are planning for retirement. Some call them "stealth expenses." It's important to have a plan as you get closer to your retirement date and to have your eyes open about what your incoming and outgoing funds will look like. An auto shop owner paid off his long-time employee's mortgage to help him retire. How cool is that!? More and more universities are offering income share agreements. This means that graduates will pay a portion of their salary for quite a few years post graduation. It's a different approach to the traditional student loan market. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:35.1	It's my pleasure to welcome you here to the Clark Howard Show where it's all about you and that
0:41.0	quality yours. I want you to learn ideas to me so you can keep more of what you make.
0:45.3	Coming up later. A really fantastic story in a reverse Clark rage about a boss pulling
0:56.8	money out of his own pocket so a long time worker could retire. I'll fill you in. It's really
1:03.6	it touched me. And coming up yet later. Free college has been a promise by some candidates
1:15.0	on the campaign trail. But there's actually ways people are getting free college and they're
1:22.2	not costing taxpayers a penny. I'm going to tell you how it works. So I want to talk right now.
1:29.5	I should mention Clark dot com our main website Clark deals dot com when we made it happen for you
1:36.9	all through the Christmas shopping season. And here in January and all year long. The deals don't
1:44.8	stop and we don't either will hit you with the bargains the deals as they occur at Clark deals dot
1:51.4	com. So there's been a lot of reaction to a survey that was done by TD Ameritrade that found
2:03.7	that varying large numbers of Americans are not intending to be able to retire ever that people in
2:15.0	their 40s and 50s in huge numbers roughly close to half expect to work till they're deceased or
2:26.7	until they can't get up in the morning. And there's been a lot of reaction from people who are
2:35.9	really upset saying get out of the way. Because how am I ever going to advance if you're still working?
2:44.5	Well, this is crazy. And it's why economics is such a strange profession. But there's a massive
2:53.5	societal advantage. Maybe not to you personally, if you haven't saved for retirement and you have to
3:00.3	keep working. But there's a massive advantage for American society if people do keep working. Because
3:10.5	we have a big math problem. We have an aging population. And where if you look at historical numbers,
	...

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