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The Clark Howard Podcast

11.29.22 Nuggets from the 2022 Fast-Food Report / A New 401(k) Portability Service

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.65.2K Ratings

🗓️ 29 November 2022

⏱️ 30 minutes

🧾️ Download transcript

Summary

Survey says: The slowest fast food lines belong to the most popular fast food place. And a serious innovation for workers at one of these restaurants is a big success. Also - Job mobility in the modern era has created the problem of stranded 401(k)s getting cashed out. If you’ve got one or more old 401(k) accounts, a new financial portability service can help consolidate your retirement funds.  Fast-Food Report: Segment 1 Ask Clark: Segment 2 401(K) Transfers: Segment 3 Ask Clark: Segment 4 Mentioned on the show: How Much Should You Have Saved for Retirement by Now? 7 Best Ways to Save for Retirement in Your 50s 401(k) Companies Make It Easier for Retirement Savings to Follow You to Your Next Job What Is a SEP IRA and Who Is Eligible? Should I Get Pet Insurance? / Should You Buy Pet Insurance? - Consumer Reports 13 ways to save money on pet costs 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

0:09.6

you and empower you so you make better financial decisions in your life.

0:14.6

I'm going to start out today's episode with something that really isn't that deep topic.

0:20.1

But many of us have experienced it fast food drive through lines.

0:25.9

Who's the fastest?

0:27.1

Who's the slowest?

0:28.1

I'll tell you.

0:29.8

And later, if you have one or more old 401K accounts, there's a company that is going

0:37.2

to make it so much easier for you to get those accounts put together with each other,

0:43.8

instead of having these orphan accounts that you lose track of over time, maybe eventually

0:48.5

lose them over the course of a working career.

0:52.0

We're going to talk about how getting that money following you is really important.

0:59.7

So Survey says, who's fastest and slowest?

1:05.6

The Bible of the fast food industry is QSR, QSR magazine.

1:13.8

Quick serve report or something.

1:15.4

I wonder what QSR stands for.

1:17.3

I've talked about QSR for years.

1:20.6

I never thought about what it actually stands for.

1:24.6

But anyway, the fastest drive through this year is at Taco Bell.

1:32.6

And Taco Bell is under four minutes time on average in line, followed by Duncan, KFC,

1:43.2

Harby's, Burger King, we're well into four minutes now, Hardee's, Wendy's, Carl's Jr.

1:52.8

It's funny because Hardee's and Carl's Jr. are the same company, but have one slower

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