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The Clark Howard Podcast

5.4.20 Corporate liability shields; Airline stocks hammered; Micro businesses; Cash-out refi or 401k withdrawal?

The Clark Howard Podcast

Clark Howard

Entrepreneurship, Business, Investing

4.65.2K Ratings

🗓️ 4 May 2020

⏱️ 43 minutes

🧾️ Download transcript

Summary

Employers fear liability from as they bring employees back into the office. Virtual volunteering might be a great use of your time right now. Warren Buffet has sold all shares in the major airlines. Their stocks are getting hit hard. Clark talks about the long-term projections for air travel. Micro businesses are helping keep people afloat in difficult financial times. Starting a super-small side hustle might make sense for you. Should you take cash out of your home or out of your retirement account? Neither is best. But if those are your choices be sure to listen to what Clark has to say. Clark mentioned this link to Ticketmaster's blog with their refund terms. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I'm so glad you're with us here on the Clark Howard Show where it's all about you and

0:11.1

that wall of yours.

0:12.1

I want you to learn ideas to me so you can keep more of what you have.

0:17.4

The team at Clark.com and ClarkDeals.com are working hard night and day, seven days

0:23.5

a week to bring you information to help you stretch every dollar.

0:28.4

The Clark Deals giving you deals on a variety of items, those you need and those you want.

0:36.5

So we've got a real conundrum going on in the United States where somewhere around 30%

0:45.7

of us have been able to continue our jobs working from home.

0:52.2

So you've got this nearly third of Americans who did for the most part go to offices now

1:01.5

working from home and employers are trying to figure out how they bring people back.

1:10.2

Well big employers are basically saying we're not bringing anybody back into our offices

1:19.4

because we're too scared that we're going to spend the next 10 years defending ourselves

1:26.5

and lawsuits.

1:28.4

So here's the backstory.

1:31.5

What employers fear is that people will come back to an office environment.

1:40.6

Develop coronavirus.

1:43.3

Have long term health problems or pass away.

1:47.1

In either case people would then turn around or their errors would turn around and sue

1:54.1

the employer for failing to provide a safe environment that cost a loved one his or her

2:01.2

life or that individual worker cost his or her health.

2:07.9

So employers face a serious challenge.

2:13.2

One of the things that is a Bermuda triangle for employers is how in the world do you

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