31 Burst results for "Clark Dot"
Renters Rights And the Mortgage Forebearance extension
"So we have had unprecedented moves over the last year to protect renters and borrowers from facing eviction for renters and foreclosure innovation for borrowers in mortgages and the clock had reached midnight on those programs and there are changes for both borrowers and renner's and there's been so much confusion about this. I want to talk about renters. So as a runner. You don't have automatic protection. You have rights that can prevent innovation but only if you exercise those rights. The rights only extend to people who can demonstrate the have suffered financial harm because of corona virus and. We really have been split as a country. They're tens of millions of people who've suffered extreme hardship with job and the rest and then san tens of millions others of others who actually are in better financial shape almost a year out from the onset of corona virus in the united states than they were before so it is a really story for renters. You have a form you have to fill out that we have a link to it. Clark dot com where you verify the economic hardship you've had you must go to your court dates if your landlord goes after you anyway and the courts are usually doing things by zoom or some other online means. But if you don't appear your landlord even in the midst of eviction moratorium will still be granted relief by the court and you will in fact be evicted. So it's up to you to do the paperwork. Proactively send the paperwork to your land or the landlord pretends to ignore it and files for dispossessed. Ry eviction on you. You must go through the process of protecting yourself in court and also make sure that you keep notes when you notified your landlord the form you provided them. You also provide to the court to assert your rights. The meek do not remain in their apartments. You must stand up for yourself. In the case of homeowners there are more protections because with renner's once the moratorium lifts which is likely this spring that will with at that point. You in theory. You're supposed to pay all your back rent now. That's not realistic right. If you've been unemployed or underemployed for a year but the landlords will be free at that point to move forward with an eviction before moratoriums lift in your financial situation does start to stabilize. I said when not if you want to approach her landlord and see if you can work out a payment plan with them to start working on the back rent otherwise all the eviction moratorium did was buy you time but you still facing ultimate eviction for people that are mortgage borrowers now. That process has split. People who have fha mortgages now have a better blanket of protections then people who have loans that are underwritten behind the curtain by fannie mae or freddie mac. Most people's loans are in fact underwritten by fannie mae or freddie mac the Foreclosure moratorium has been extended ninety more days. Four people with fannie. Mae freddie mac if you are in some kind of forbearance you get ninety days added to that if you need it beyond what was originally a maximum twelve months in the case of fha borrowers you now have protection till early summer till june thirty in order to then work out a new payment arrangement the fha because it is a direct federal agency loan the fha will have fairly standardized procedures. Matt point on what your workout will be how you will eventually make good on the money that you did not pay over the last year in the case of fannie mae and freddie mac there will be a number of different ways that lenders deal with you. They have some Latitude in how they work out. Payment plans with you. The likeliest course that will work for most people is the miss months or full year or so of mortgage payments will be added onto the back of your loan as an additional Months or year or a little more year loan that is for many people going to be the best arrangement but again you cannot be passive. You must be active here and you just don't stop paying and when the moratoriums over you just don't say okay. Everything's gonna be great. You're the one who's got to be active with your lender on coming up with a workout arrangement. What they do in commercial real estate all the time with commercial mortgages are workouts and you will be doing Work out of your mortgage where it works for you and the lender.
Life insurance advice with Clark Howard
"Right. Clark yolanda in north carolina says. I'm a forty one year old single parent. I'm looking at life insurance. But i'm not sure how to determine what i need. I've a two year old son have policy through my employer currently in a small policy that should cover funeral. Expenses checked a few companies. But i'm just not sure where to start on this. Okay wonderful the you're looking out for your kids and what i recommend as just a back of the envelope. Simple way to come up with an amount is that you buy a policy that covers ten times. Your annual income that will provide a decent pool of funds to provide for your children in the event of your untimely devise. so that may sound cost prohibitive. But it's not if you buy the right kind of life. Insurance which is known as a level term insurance level term is where you buy for a set amount a set amount of life insurance or face amount of you know how many hundreds of thousands of dollars or whatever it would be for a period of time. You're worried about protecting your children. Ten fifteen twenty thirty years. Whatever that period is on clark dot com. You'll see my guide to buying level term insurance and there are many quotation sites. You can go to to get quotes for many different insurance companies. Whether things. I want to focus your attention on. Is that particularly if you go out. More than fifteen years on level term. I want you to buy a policy from a company rated a double plus by a m best on any of the shopping services that i would direct you to they will show you the a. m. best rating. Which tells you how healthy the insurer is itself. So the eight double plus means they have the highest level of ability to pay claims in the future. Because you wouldn't wanna pay for life insurance policy that later isn't going to pay out for you. Level term insurance has no goofy Savings accounts are investment accounts. It only pays a death benefit to your survivors period. That's all it does in the case of buying policy where you're a single parent and you have minor children. That policy usually will be done in a trust kind of arrangement. Don't be intimidated by that. The online sellers are very familiar with this. And you will be able to have someone you trust. Named is the trustee of that in the event that you pass away while your children are still minors
The Most Reliable Used Cars
"So i've had an obsession forever about why buying a used vehicle is so much better for your wallet than buying new. There are a lot of people who love new vehicle smell. They want that new vehicle and if it works for you financially. That's fine but for most people buying used is gonna be a much better choice but there are people like a vehicle that feels new. And that's why to me. The compromise has been historically a three model year old vehicle. So right now it'd would be twenty eighteen because the twenty one or what out on dealer lots now so when you buy a vehicle. That's three years old. As a general back of the envelope rule it will have lost roughly a third of its value some models substantially more than that others a little less but generally about a third of the value has been wiped out in those first three years even though the life of the vehicle is so today with vehicles running quarter million miles Not at all unusual. That's like normal now where it used to be hundred thousand miles pretty much. The expected reliable life span of a vehicle but vehicles vary a lot and quality and consumer reports has put out a recommended list of bike category. The most reliable vehicles you can buy depending on size. And i want to start with the most popular part of the vehicle market and these are the most reliable three-year-old suv's based on consumer reports deep dive research and again. These are all twenty eight teens. The honda cr v. honda hr v. The hyundai kona alexis annex the mazda. Five and the toyota highlander. So if you're interested in an suv. Those particular ones are the most reliable. Now when we talk about Cars mid size and large cars the most reliable eighteens the mazda six toyota avalon toyota. Camry accurate t. Lx and infiniti q fifty so people don't buy a lot of cars anymore they specially don't buy small cars. But i'll tell you the ones that are the most reliable small cars the chevy bolt. The honda fit the mazda three the toyota corolla and the toyota prius and the toyota prius c in addition the toyota prius prime. Could there be enough. Prius is on there and the volkswagen beetle so The only american owned company that made the list was chevy bolt but most of these other vehicles are actually manufactured in north america. Even if they're owned by quote unquote foreign automakers that a vehicle. That's very reliable. Starting you're looking at a vehicle that's very reliable is key but not enough. You want to do to other things you want to check the van to see if the vehicle has been in any major accident and it's time of ownership that the van research would show and then the other thing is a condition to purchase. You want to have that vehicle. Checked out by a mechanic of your choosing. I have a more thorough guide to how to pick a used vehicle and what steps you should go through on a used vehicle buying guide at clark dot com.
Justice department sues Google
"So, there's. A huge fight. That is underway in the United States. Towards technology companies and Google is the newest one in the dock. Justice Department has filed a massive antitrust lawsuit against Google, it's to be alive state involvement in this as well. And the reason that the feds are going after. Google. and May, in fact, go after facebook. Apple Amazon and they'll be various actions against these four companies. Around the world because these are all firms that do business around the world that are all under a microscope because in various phases of the digital economy. They have become either dominant or to the point that they're sucking all the oxygen. Out of the possibility of competition. So Google. Has Been Sued because of their power and search. Their power in advertising. Their power with the ANDROID operating system that even though apple is powerful in the United States. With iphones around the World Google's ANDROID system controls I think is eighty eight percent of the market. And so the idea is that Google having so much power I mean even Google Chrome. Chrome is gigantic. One estimate I saw recently is a bay control, three recorders of the browsers in the world and. You've got youtube that dominates video online think about Google maps how nothing really has challenged the only thing that really did was ways. So Google went and bought that. So. The courts are going to. Deal with this here in the United States in Europe and around the world. With. Google's issues we've talked about apple lots of legal action against apple around the world about how they control their store However, apple uses I message to create a network effect. Amazon Conspiring against its own marketplace sellers, figuring out what cells and then copying their products allegedly putting them. Up in competition with people who were under their own roof as part of the Amazon marketplace and then facebook. the big mistake if you think of it in terms of antitrust terms was facebook being able to acquire instagram and what's WHATSAPP and be able to use those for what is referred to as network effect as well, and that is an issue with all four these. If you go way back though. And this is why it's not clear the role of government antitrust here or overseas with any of these behemoths. I remember way back. WAY BACK MACHINE WHEN IBM was considered to be. By many people be most evil enterprise in the world. And had a monopoly on so much of computing power in the world. And the government filed this it was landmark legendary antitrust action against IBM. The. Basically fizzled into nothingness because marketplace. Eventually, took care of. Then later, government actions against Microsoft for market dominance again. And the reality is. You don't know with technology firms win out of nowhere somebody comes up with a better way to do things that takes what looks like an impenetrable fortress. What's known as network effect? And blows it to Smithereens or reduces its power in the marketplace. So I don't know. How all this will work out with all the various governmental and legal actions around the world. But it is true that at this moment, these four companies have too much power in the sectors that they're in. The question is does the marketplace take care of it and a reasonable period of time or is there really a role for government? I'm not smart enough to tell you and I know when I railed against the Apple. The whole. APP store thing with Apple. With. Apple extracting this mandatory toll bridge from other APPS including those it directly competes with taking thirty percent of the action. There's no negotiation. Apple imposes the terms that I was very upset about that and that I thought it was an antitrust violation and then there were so many posts to Clark stinks at Clark Dot Com Slash Clark stinks wait. Where's Free Market Clark here And the truth is. I don't really know I mean if you're looking for me for. Yes. Google is doing evil stuff and must be punished or any of these technology behemoths. I don't know if it's best to let the marketplace discipline them or if there is a role for antitrust law and ultimately the courts will argue about this for a long long time.
New Verizon home internet option
"I want to tell you if you live in an area where you have no high speed Internet available to you. Or. You have very limited pitiful choices. The improvement that I've said was coming is coming and in many places is now here. One. Example I wanNA give you is a big announcement from Barisal. That is offering two different types of Home Internet. One of them is specifically geared towards people in rural areas that have not had any choice of Internet provider typically except for those lousy legacy satellite Internet services, which are frightfully expensive and tight data caps in a very slow. Verizon is offering. A Internet service that will not be blazing fast. But you'll typically have speeds of somewhere between twenty five and fifty mvp us, which is fast enough for streaming. If you're a Gamer forget it, you'RE GONNA lose in gaming competitions, but for every day. Internet kind of activities Web, surfing, email, video stuff like that music you'll be fine. And Verizon is offering it. It forty dollars a month if use verizon for your cell phone, if you don't it sixty dollars a month. which is much cheaper. Than what people have been used to for any kind of Home Internet. Now there's a second one that. and. By the way, this is available in at least parts of forty eight states. Heavily concentrated again in rural areas, what you want to look for. Is Very. Wordy name but it's VERIZON VERIZON WIRELESS DOT COM. It's Verizon Lt e Home Internet. Then there's a very small number of people. Who are eligible for verizon's five G. Very fast home. Internet. and. This is an urban close mostly close in urban areas. It's a very fast Internet. And it is fifty dollars a month for horizon six. Seventy for people who just want the Internet from Verizon And T. Mobile's home Internet that. Is Fifty dollars a month everything you know have to be a t mobile subscriber. The coverage of that has increased dramatically if you go to T. MOBILE DOT COM look for their home Internet, you put in your address and they'll tell you whether or not. It's available where you are but this is a huge benefit for people. Who? have. needs to work from home or do some work at home have kids that are doing some amount of online schooling instead of in-person schooling, and if not had access to Internet at home, these plans now make that possible. And on your cell phone service itself. Metro by t mobile, which used to be called Metro pcs it's T. mobile's captive discounter. They have a new plan for five g service. For people switching and payers. So two people go to t mobile. Metro by T mobile. And remember not t mobile metro by T. Mobile. Confusing. And it's thirty five dollars a line. Unlimited everything. Except hotspot is limited to five gigs of month not a huge amount of hot spot on the five G. Network. If you need to five G. Phone, they'll sell you one for ninety nine bucks if you come to metro by t mobile from someone else. So you have a high speed plan unlimited everything thirty, five dollars a month per line. which is a very good deal and if you've noticed. I've had a number of deals over the last six weeks where the cost of. Say Plans Mobile plans whatever we call them now. Has, been coming down down down and for people who don't need a lot of data. The price point in the marketplace now is ten to fifteen dollars a month. So. Big Changes. If you're paying more than these kind of prices you need to look at my cell phone guide at Clark Dot Com to find the best deal for you or whoever you buy cell phone service with or if you're on a family plan, what is the Best Family Plan for you?
Fighting back against an unlawful eviction
"There is a new. Order from the CDC which I've talked about briefly on a couple of occasions. That says because of the public health risk. That you have. A right to hold off a foreclosure. Until next year. So, through the remainder of the year, but the process is one that has confused. Individuals who are behind on their rent. And their landlords that have been very aggressive. In a number of jurisdictions. Trying to go ahead and get people evicted. And this is why I wanNA state. Again. This situation. With no winners. landlord's bills to pay. Tenants don't have money to pay their rent and a lot of cases. And so this is a lose lose completely. But. You do have these specific rights based on the CDC guidelines to avoid eviction for the rest of the year. If you jump through the right hoops now, there have been anecdotal situations around the country where judges have made their own decisions ignoring. The CDC. and. Ahead and processing evictions anyway. But I think that's more unusual. The bigger issue is people don't know how the process works. And, you have to go through a series of tests. That you have to answer. On a form that I have linked at Clark, Dot Com as a tenant where you have to validate and verify income. And then you have to go through a series of questions where you have. tried. Other ways to be able to meet your rent obligation but have been unable to do so and so you answer these various questions that people have found confusing and so there are landlords have been very aggressive about trying to get their properties back because they want money right so. There's now free software available that I read about I and Bloomberg. Vet Is available to you. That will help you through the questions so that you properly give the landlord and if necessary before a judge, you give the landlord, the documentation that would forestall an eviction. Till Twenty, one. So the software you want to look for his hello landlord. And it is free, it takes you through nineteen questions. You have to answer. In order to have the defense of the CDC regulations to avoid being evicted. Till next year
iBonds could be a great savings vehicle
"I'm so glad you taking time out of your day to join us here on the Clark Howard. Show. Where it's all about you learning ways to keep more of what you have. Our Websites Clark. Dot Com and Kark deals. Dot Com. So. Over the last twenty, five years. Probably, about twenty five years maybe thirty. I've had a love hate relationship. With. A method of saving money called series I savings bonds. These are sold by the federal government, the US Department of the Treasury. And you buy these savings bonds and You earn whatever the rate of inflation is in the economy reset twice a year. And there are times series I bonds have been scream and deals. I own some that I bought back in the nineties. that. Out later, this decade because they earn interest for thirty years and the ones I got then were such a good deal I wish they would just go on forever but you know. Now going to have that luck. In a Hammock recommended series I bonds except maybe one time in the last five years. But now I can do so again. Is something for a small saver. Amounts from up to well up to ten thousand dollars in a year can go into series I, savings bonds, and the reason I'm recommending them now is it's not like you're gonna get rich from them. The problem right now is that what you're earning in savings from a traditional bricks mortar bank is like nothing. and. So I mean really is literally about nothing even if you go to one of the online bank's I'm always talking about. Their interest rates have fallen and fallen and fallen from around two percent to now many are below one percent still declining, and that's because of the economic decline were in right now. Because of the recession, we're. So. Also in addition. The. Federal Reserve is doing things to hold interest rates down indirectly with the moves they can make. Some directly. But overall indirectly. So that means that savers are getting clobbered. And now you earn less on savings. then. The general rate of inflation and the economy. And that's why entering into your financial life potentially could be series I, bonds because it's the one way of saver. Can. EARN. The rate of inflation so you're not falling behind with your money. which normally would not be something to. Jump for joy about. But if regular roll savings accounts. Are Making you basically nothing. Every year you're falling behind inflation. So series I savings, bonds, e buy savings, bonds, Dot Gov. Click on I bonds. When you get there, you'll see that you can buy up to the ten thousand and a year from very small amounts on up. And I think the minimum. Is Twenty five bucks you can buy. Or you can buy is many as you want up to ten thousand. Now, this is designed for you to have for potentially up to five years or longer because if you dump one less than five years, you forfeit ninety days of interest not a big deal in today's rate environment because of interest rates got much higher in the next few years. You could dump this series i. Pay. Your. Ninety days penalty and put the money to work somewhere else so. Every. Six months. The what you earn on the I bind changes. based. On that six months prior inflation. So the ideas you stay even With where things are which today being even? Is like a win. So check it out savings, bonds, Dot Gov. and. It's a pretty easy purchase. Understanding, how all the adjustments working all that not as easy. And since you're buying electronically, make sure you put note somewhere when you bought them what you bought so that they're not forgotten about over the next potentially thirty years.
Walgreens is adding doctors offices across the country
"I'm so glad taken time out of your day to join us here on the Clark Howard Show where our goal is simple. It is to empower you with knowledge, so you can keep more of what you have. Our websites are Clark Dot Com and Clark deals dot com. And we have been through. A real time with medicine lately. cash the people who work. In medicine. Doctors nurses, other medical professionals and personnel who worked in medical facilities have been putting their lives on the line. To save as many lives as they can during corona virus. And one of the things that has been. Clear through the time of the pandemic. Many people in America. Don't have a regular place to go. When they need medical attention. And so a lot of times, those people have sought care. For Corona virus much later than others it many times with terrible terrible results, possibly loss of life as a result of the delay. And so we've got a broken equation. In the United States in spite of the incredible heroic efforts of so many people. In medical. We've got a lot of people who start with the handicap, and that is lack of regular access to medical care, so there's been. A lot of experimentation going on, Walmart has been opening Walmart health centers. And they are going to increase the number of centers they offer, and I've talked about how CBS. Is Opening medical. Facilities as well that are. Retail oriented like the Walmart, when as well and now walgreens. Has announced that they're going to open. Somewhere around seven hundred doctors offices. That will be inside. Walgreens stores or attached to them. and. The design of what Walgreens is doing. Is that the overwhelming? Majority of locations that are going to be open our locations that are. was. It's called on board that there's a lack of primary care doctors. In Zip codes or areas. In urban suburban and rural areas where the doctor's offices are going to open. In the Walgreens, so this is. Part of migration in how medical care! At the primary level. is going to be offered in the United States where. You're going to have more and more. Retailers who are connected directly to medicine like walgreens and CVS, and then those who only indirectly or connected to medicine like Walmart. Getting involved in the delivery of medical care, the one of the six. Factors in each of these. Is What economists call price transparency where you will know. When you walk in the door what it's going to cost? For the care, you're likely to receive and gave an example about where walgreens. Kinda went off the tracks with this. Two years ago where? Walgreens was doing what CVS was doing with. Nursing a box facilities where they had the nurse practitioners. In the offices in the. In the pharmacies and CVS has stayed on that course will walgreens and a lot of places has sold off those facilities to. Dominant hospitals in an area. And the hospitals use it as a feeder tool to get more patient admissions to their hospitals, and as I, did in a story I did for television I looked at the pricing at. The facilities when they switch from being a Walgreens Ryan essentially nursing a box to a feeder for hospitals, and you no longer had the ability to just see a price list. You no longer had pricing anything. That was approachable anymore. Once those spaces flipped and became. With hospitals and so having. The involvement and the design from the ground up. where? Someone can come in, and they know what it's going to cost, and they know that someone's available to see seven days a week and longer than banker's hours. That's where we're headed with primary care, and it's one of the ways we can make a big difference in what health care costs moving forward and the outcomes for people. When they see someone early instead of delayed care at hospital emergency room, which is not where someone should be getting primary care any day of the week.
Car dealerships are reopening and the pivot to in-person sales has begun
"That was area of the economy. It had been so stuck in the past. That changed radically in quickly because a corona virus is the car market. People very heavily pivoted to negotiating shopping negotiating and buying vehicles online, doing touch list delivery of new vehicle something that had never been. Part of the car business and of businesses that people really have historically not trusted. The car businesses it I mean this is. This is pitiful, and it does not square with the people I've met in the business. But a new Gallup poll. Finds that just nine percent of Americans. Said car sales people are. And Ethical. And that puts. Car sales people at the lowest level of trust, even below members of the US Congress. So. This is a business that has very little trust from consumers. And so people really liked. Buying vehicles with no pressure and buying them online. Well now as states have open back up. Bloomberg reports that car dealers. Trying to discontinue. The online access, not all dealers, but many trying to discontinue the online access and get people. In their stores. They have huge. Investments in those stores. And there's a lot of expense building. Those fancy two story show rooms there so. elegant now they've got the snack bars and all the things they have in those fancy show rooms and. If I'm a dealer and I spent all that money. I've done it because. It's a prophet machine. When you get people in there a lot of times, people will come in, and they'll drive away in a new vehicle. They didn't even have an intention. A buying met day and they don't comparison shop. So, it's been really terrible for dealers. With all the comparison shopping that people are doing now online. They're also buying less or known as packed. Add on charges buying online so. Dealers are realizing that they are able to squeeze more revenue out of every sale. Even with the higher overhead having people come in, and you're going to have dealers trying to lure you. Back into coming in before they talk to you about price or particulars. What I will encourage you to do is understand. Their incentive is different than yours. If you want to get the best deal without having the hassle. You WanNa. Do Your shopping online. You WanNa. Do your negotiating with multiple dealers, online or US one of the car buying process I've talked about, and if you look what's happening with the US vehicle market people under age thirty five. have no interest in going to a used car lot of a new car dealer going to a used car place or anything like that. They want to do it right on their phone. And, that's how car-o-van and and broom hit become players in the market and Carmax the nation's largest used car seller. has very heavily invested in having an online platform where people can buy a vehicle that way you know. A lot of dealers did it out in assessment because no one was buying. If, they had to come because a lot of states. You couldn't go to a dealer showroom. Because a corona virus earlier this year, but now. A lot of people once they've experienced how fantastic it is buying online! Or learning something from. been doing that for a while. And I hope that. When you are shopping for a vehicle, you'll follow my guidelines that I have at Clark Dot com on how you do it and get the best price and be very careful. Going to the dealer to make a deal, because if you want the best deal, it's going to be shopping online.
"clark dot" Discussed on WSB-AM
"Available to you at this time to deal with the curve balls the corona viruses throwing at you and we're on the job as well at Clark dot com and Clark deals dot com and speaking of curveballs from corona virus we have had so many questions from people about the ability to borrow from a four oh one K. loan it much larger limits than normal being able to withdraw from a four oh one K. without ten percent penalty and being able to stretch out the taxes over three years about being able to pull money from an IRA and not pay the ten percent penalty that it's led to one scenario after another that people are posing to me about what should I do it in this case I do in that case and then I've been having questions there have been an either or and what an interesting either or war there's now been posed to me by I think three people so far so I want to address this idea okay so first let me go back to baseline and what you've heard me say many different ways to many different questions about this and it is that although you can withdraw from a four oh one K. avoid the nasty ten percent penalty and have the ability to pay the tax over three years or even if you get solidly back on your feet pay the money back and no harm no foul which you normally can't do the four oh one K. is what were choice in the hierarchy about what you do if your wallet is empty now so I'm hearing from people who really haven't looked at other options so that brings up one of the things that I have now been asked a few times all right so you know historically when somebody calls me about doing a cash out refinance I don't exactly jump for joy about that and I talk about all the reasons I don't like cash out refi you pay a higher interest rate if you do a cash out refi if you do a traditional straight refi an often you're taking debt that shorter term debt and you're putting a against the value of your house and your then putting your house at risk but.
"clark dot" Discussed on WTMJ 620
"Can save more and spend less don't worry when ever speaking of saving more and spending less coming up to talk about the role I feel that you and I have to mentor kids our own nieces nephews whatever about money and what we're not doing is letting our kids down as they grow into adulthood on talk about strategies for you coming up in our websites are Clark dot com and Clark deals dot com so I am really fired up about the new airline that's going to start flying and several months around the United States and it's one that is going to make a big impact is cold breeze and you know an airline can start up it usually means nothing and no one's really been successful with the start up since let's see jet blue who started jet blue a guy named Neeleman who also starred in airline that southwest boy who also started WestJet which is now a big Canadian airline who also started a school in Brazil who also now is the one who turned around the airline of Portugal called tap the guy is a magician when it comes to developing airlines that serve the public is this public wants to be served with good fares but generally a great vibe and so he has seen a big weakness for air travel in the United States and that's is American United and delta have built their business around what are known in the industry is fortress hubs cities where they dominate everything and when you want to go from point a to point B. you have to change planes on the way and the fortress hubs airlines hub cities fortress so I didn't explain that well the th the of three full fare airlines have certain cities there they make people connect through so you are subject to their whims of what service they offer what they charge and all the rest and you have to go through Dallas or Atlanta or Charlotte or Chicago or New York or wherever the airline has established one of these fortress hubs so his idea is there are a lot of mid size cities in the United States there when you want to go virtually anywhere else you have to go through one of these fortress hubs and spend a lot longer traveling because you had to change planes somewhere more chances of a missed flight baggage going good for you and all the rest so that's what breezes about but it's not just that it's that this guy knows how to run an airline and it's going to provide a new wave of fair competition but also it'll be clear that they'll offer a better product in coach then you're used to from the three full fare airlines so the lower prices nonstop flights and better service and how do I know this well it's my gas knowing his history and what he's done the market place will decide if I'm right or not and pretty soon the cities will roll out the services and you'll know what I'm talking about once you fly on breeze Leonard is with us on the Clark Howard show hi Leonard how you doing hello how are you great thank you he wondered how can I be of service to you today wondering is a smart idea to build a business checking account well is it not active anymore thank you without charge these little twelve dollars a month and I don't really use it because I haven't I went to another Alex love breaks or another institution and they are not charging me as much I feel like I'm getting a better deal but at the same time I have had the primary institution almost seven years Byron five you close that account they're gonna charge you money for a low transaction business checking account you get rid of him I mean lots of banks make business checking free and so if you're a one that's charging you more than a hundred and fifty dollars a year it was a hundred and fifty six dollars a year seven hundred fifty six dollars is much better in your wallet then it is with the fat cats at the bank yes it is I do appreciate that I was thinking but I was a little leery about it because I didn't know it was so cold it would affect my business no no because a checking account doesn't create any kind of credit so getting that thing closed his dear advantage and when you go in to close it to do everything they can to try to keep you as a customer right are you telling me is you know I decided to go to another bank I've already opened my account there and I just need to close this one but what if we did this center the other for you say no I've already moved on already have an account somewhere else about the third time you say no they'll say okay we'll close your account well we can just make you the better just like that you call back you do your imitation about the way they treat you when you go in the closet that was that we'll we'll do that best to you and I wish you a lot of success with your business what are really appreciate emigrate when Michael was with us on the Clark Howard show hello Michael Clarke thanks for taking my call sure I have I do a lot of international travel and every time I go somewhere else I'm always taking the sim card out you know put the new one and was monitored any pocket wifi is a horrible thing and easy where you don't have to take some cards out all the time so their own pocket wifi is that a really geared towards world travelers traveling in very remote third world countries and there's one this logo is orange I'm trying to remember the name of it it's not it's not the cell phone carrier in Europe called orange for this one has its orange desk you taking our daily fee for doing internet access but it's much more expensive effectively been doing what you're doing right now buying a Sam when you got somewhere how many days a year are you out of the United States when you get a little I'm guessing maybe three four months okay then have you considered switching to T. mobile I thought about it because you know I've I can tell you it's changed international travel for me and I'm even on the premium thing because of how much I travel overseas called one plus where I get decently fast internet access with unlimited can I get unlimited free texting and then you can pay for calling AT twenty five cents a minute but what I do is I use the calling apps like whatsapp and Viber and line and there's one other I have as well and so I'm able to hear you look in so many people you know or on one of these you don't even realize and so I'm able to do calling for free from overseas right so if you do travel that much it would be great for you to look at the T. mobile I am number and you don't have to search for Sam you don't have to search for any of that you have the internet access okay also T. mobile but they have gogo wifi on certain yes on call in a lot of the airlines that use gogo internet if you go one plus you get unlimited free wifi on the airplanes okay great I know exactly where that is right in that and I'm so jealous you get to spend so much time outside the country because you know I love travel if I could I would live out of a suitcase like my brother who actually has no home now he and his wife just travel the world in the U. S. Alex is with us on the car can't word show hello Alex how you doing hurry up great thank you so you have a puzzling question that is a puzzle so many people don't know where the pieces should go hit me with it yeah so my husband and I are twenty five and twenty six and we have quite a few student loan and right now we're paying them all at the more willing now it's not contracted for income you'll be done in ten or thirty years paying them off they're all pretty much from ten to fifteen years okay all right so you're looking at being done with them somewhere in your thirties yeah all right and we don't have an issue paying them off with nada we have the income to pay them off and leave it well I guess and he often pay the full amount every month but we're wondering if we should start putting more money into paying off the principal of the student loans or if we should start investing more money and it's kind of a question of if we pay off the student loans they're paid off and then we're paying interest but if we're investing it then we could use that money some sort of American P. came up and we needed more liquid cash so Alex let's move to thirty issue and that is what option do either of you have where you work to save for retirement we are both doing R. one K. I have eight simple IRA and we're doing the whole match okay so you're putting in up to gather the full match so that means you're putting affected only like six percent of your pay you any somewhere in there yeah and then you get employer matches of how much each four percent and get six percent and three percent and three percent match all right so we've is three percent the maximum match you can get okay so you're each morning and grabbing the full amount you can write in the alternative on your student loans what kind of interest rates they carry on I hope that okay I would say that if you look at it as a triage kind of thing if you have spare cash throw it towards a seven percent interest rate student loans I know this is weird but it almost trumps.
Answering Your Questions of Stimulus Relief
"Wants to know she said I heard if you're on social security and you receive less than thirty thousand dollars per year you will not receive the stimulus money. Is this true? I have not seen anything saying that anywhere. So if you're talking about the twelve hundred dollar helicopter money I have not seen that the the senior citizens that will not receive it or senior citizens that are claimed as a dependent of someone else like. Let's say an adult child provides a lot of your care and Pays for more than half of your costs. And they may claim you on their taxes than you would not be eligible and they would not receive any Any helicopter money but if you live independently. I know of no reason why you would be eligible for the money. Doug has a question about his stimulus. Jackie says I've heard rumors that the cove in nineteen stimulus checks are going to be deducted from twenty twenty income tax refunds if a refund is applicable. Is that correct? No this is that something that I it a couple of days ago. I said I was going to have to read up on because we had another question about how this is affected in terms of taxes. And this is like money. Falling out of the sky it is Essentially a non taxable gift from the taxpayers collectively to you as an individual tax payer and the twelve hundred bucks per individual and a couple twenty four hundred. The five hundred per dependent child That money is just money. That's yours to us into spend as you need or to save for the event that Finance become more difficult for you over time no tax will be do chem I right. Michael says that he is self employed. He has no employees and he heard that there is no provision for people like him. What do you suggest I do? Is there any program that I can apply for help? Okay what's actually different? This time is there is assistance to people. That are self-employed self-employed individuals who've had their incomes. Crushed or eligible for what I think is the first time ever for unemployment compensation. The unemployment compensation will continue for Roughly I don't know if it's going to be sixteen weeks or seventeen weeks. I haven't seen final wording on that. Is Unemployment compensation you apply for with your State Unemployment Insurance Group And we have all the agency information for you with direct hyper links for all fifty states on our update to filing for unemployment on Clark Dot Com. We also have a deep dive story on it that we did not right but we linked to act. Clark DOT COM on applying for unemployment. So people that are self employed people that are independent contractors people that are GIG workers all three categories that under virtually every state law would be ineligible for unemployment compensation and all three categories. You are now eligible under the third stimulus Bill Joe Clark. Shane says I own some rental single family. Homes Have Fannie Mae backed mortgages under the new federal legislation. If my tenants can't pay rent will I have any loan payment forbearance if I can't pay the mortgage on those rental homes and if yes will how will that forbearance work? I am so glad you asked this question. Because I've been looking for the answer for people who have rental properties underwritten Indirectly by the federal government now. The legislation is clear that owner occupied properties. You're able to ask for forbearance for twelve months. I have not found anything that gives me a definitive answer yet for people who have rental properties because even though this is the first time we've had on the show. It's the third time I've been asked the question this week. By people off off the show people have been asking me who have rental properties that. They're worried they're tenants aren't going to pay is therefore available for them in what is essentially a Investment property not a personal residence. And hopefully that answer will emerge after this is adopted signed by the President and the regulations are issued. But for now I don't know Khem Sachs says now that the government is halting student loan interest in payments for six months. Does that mean that if I choose to make payments that the payment will go straight towards principal? There's no wording on that yet you know. There's no interest is going to be charged. But I've had a number of people ask me you know if I if I've got my job everything's fine. Just keep paying my student loans as agreed and am I gonNa get burned by doing that by missing the interest holiday so is best. I can tell you will not get benefit of the interest holiday if you continue to pay although that could change because I need to. I need to step back a second and explain something. And that is when the Congress passes a bill and then the president signs it into law. A lot of what's in there is worked out later by administrative agencies by the real various federal agencies so in the case with student loans it will be the US Department of Education that will ultimately issue guidance. On what will happen with something like somebody who says hey. I don't need a holiday. I'm going to keep paying amount. Do you get the benefit of no interest is an additional amount reducing your loan. That's the kind of thing Balhaf to decide because there's nothing I could find in what I've read. I've read that part of the statute that addresses. What happens if somebody voluntarily continues to make those payments so these kind of questions will be answered over the next several weeks? We only have a lot of areas more general information. Joe Clark. Brad has a question that might fall under exactly what you were. Just mentioning with the clarification from the different agencies but he says that his wife has automatic payments I in loans so we'll the grace period where the loans don't need to be paid. What will those automatic payments just cease for the time being and then start up again in October? That seems to be the plan because again the education department's going to have to make that happen but their intention is to cease all collections on loans for that period of time to be essentially no billing for loans and many people have them set up as automatic so there are two ways. People do automatics. If you have a bill pay service set up with your checking account and you just automatically pay certain bills every month. You will have to discontinue that if you're doing it for student loans because that would continue to go regardless of the actions of the US Department of Education on the other hand if your federal student loan servicer drafts here account each month. That's the activity that will likely automatically cease. So that's a distinction with a difference. It's very important that if you don't WanNa make your payments that you discontinue automatic bill pay and let me emphasize again. This is four federal student loans. Private loans are not included at all to this point. Private student loan providers are doing basically pretty much nothing for borrowers all. The action has been at the federal
Senate relief bill implications
"The typical business has twenty seven days of cash on hand if operation suddenly ceased. So that's why it's really important. That part of this is a three hundred fifty billion dollar loan program for small businesses. Now I don't want to sugarcoat this because if you're a small business and you take a loan and you've got no revenue coming in when you rebuild your business you're going to have the burden of rebuilding it and ultimately having to pay back these loans. So it's not like this is a panacea but it gives you the opportunity to fight for Your Business. Another day when commerce restarts another part of the legislation that was a huge fight about is hospitals. Making sure there's enough money going to hospitals so the hospitals will be able to deal with the extreme added patient load and the sudden expenses for the equipment that hospitals are going to have to have and so that is part of this deal likely somewhere around one hundred billion for hospitals in addition. There's money that's going to go to cities and states to deal with the sudden cash shortfalls. I read a story today about the massive decline in tax revenues in the State of Florida. The State of Florida is a state with no state. Income tax finds most of its operations with the sales taxes will sales tax revenues as you might have expected have fallen way off a cliff. So Florida doesn't have the money to operate moving forward without some kind of assistance and Florida's just a microcosm of what states are experiencing around the country so money will flow to the states and local governments as far as the exact amount of that will see in addition. There's a find for big business and the big business. Fine was a big area of controversy because initially there was going to be no oversight over how money was dealt out corporations with the fear that the money would flow heavily to politically favored corporations and others would be starved for funds. So there's a new procedure that has been designed with an independent watchdog to make sure that is. Money is handed out to large corporations. In what hopefully will end up being loans and not handouts that that money will go where it's most efficiently needed and not where it's most politically expedient to send that money now. Let me tell you how this is. GonNa work with this legislation. Day by day it will become clearer. How different elements will play out how you will get access to the fines. And how quickly? You'll have access to those funds and as that information becomes available each day that there's more new significant information to share with you. I will do that with you here on the show because this is obviously a really rushed activity and it will take a while to peel away the layers of the onion of this legislation. And Tell You if the cavalry is in fact on the way to help out and how quickly will be there for different phases of the economy and your life and Cam. I WANNA go to questions now if I could and what we're doing if you're not aware is if you go to Clark Dot com slash. Ask Post a question for me and we're getting a ton of questions posted and so we're doing this with Kaman. Joel asking your questions is producers rather than me speaking with you directly because we can address more topics within each show doing that that we can with traditional calls all right then well first up is Jimmy. He says I've procrastinated getting term life insurance and don't know if now is a good time given the circumstances I'm forty four. I'm in good health and my job is stable for now. That's a sobering thought. Isn't it Kim? And we've had a lot of questions about life insurance that will get to day by day so applying for life insurance normally is a process that takes about a month to go from applying to win. Policy is issued. There are issues that we have listed on. Clark Dot Com that do instant issue term life insurance. And what they do is they do Computerized checks on you and believe that they can know as much as they need to about you in the overwhelming percent of cases. If they're able to find the data they need to know enough about your medical history and prospects bay instant issue the life
"clark dot" Discussed on 760 KFMB Radio
"Got in depth briefing for you of what's the deal right now on Clark dot com more is with us on the car carriage of hello Laura how's it going Mara very good how are you great how can I serve you so my daughter and son in law trying to figure out what to do with money that they were giving her college so we are wondering if it's good to diversify or do the college prepaid do your game plus five twenty nine so how old are you the kids were talking about I am not wow and these kids are definitely college material they're both their parents have mastered all right so you've heard me go through that protocol about how you decide on the college plans so doing it at two months it was just story I shared in November December about the enormous advantage of starting trials five twenty nine plan in the first year of life rather than waiting as most parents do tell the first year of school or later and the additional years you have for the money to grow has much bigger impact on how much money is available for college the you raised an interesting wrinkle and you asked about something that is fairly rare in the country and that's prepaid college plans verses just a five twenty nine plan where you put money on it and it grows kind of like a four one K. and then you have it to use for college any college so this is right eight what we did with our kids you did which we did like out of the state prepaid when they were little and now you know they're they're in their late twenties it worked out well for so if you feel pretty confident that the kids will end up growing up in your state will stay in that state and will be totally brain washed the only school for them is a state school that they can use the prepaid credits then the prepaid program gives you certainty you know you bought so many semesters of tuition and you know they have the value one the units and you can buy so many and so if you those three criteria then doing this prepaid plan is best on the other hand if it's more a feeling that the kids can go where they want to do when I grow up it could be out of state could be in state could be private could be you know state school in another state then you're better off doing one of the dean's list plans on my five twenty nine plan guide right that have you have you know you just have to it's one of those things you just have to use your best knowledge best instincts wary of all their families are in the same state you know I think they plan on being here but that doesn title will stay so you know if your parents have pretty much influence you know we have provided for your college under these conditions and this money is available for you to go to St you whatever then I mean families do that obviously that's why the prepaid plans exist so if that's a comfort zone then I think you do the pre pay David nodded and do a traditional five twenty nine so if you if you do have that certainty date they will pay an eight year thing you probably get more bang for the Buck you get more certainty for the Bach there is you know how much how much is going to cost you know how much of it a you've already paid essentially now we could have taken a whole year round or two years or what over the years to come and then you could even in some families and up in the position where all four years were already essentially pre funded okay and so that's the that's the hard decision making process to go through in a family where people tend to stay in one area grow up in that area I live in that area then it's pretty easy to make that choice of doing a state prepaid plan Debbie is with us on the car carriage of hi Debbie hi mark how are you great thank you Debbie how can I be of service to you I have to listen to your show for some time now and I have a visa card that was compromised over the holidays and I know you say to get a second credit card now I understand why so my question is I don't really travel so I've looked online at the different.
Is Amazon Prime worth it?
"Right now. I wanna talk about something so many millions of americans arkins do by wrote their members of amazon prime paying a hundred nineteen dollars a year to be able to have one to two day delivery of items at no minimum to have occasionally access to items that are for prime members only to have access to prime instant video to have access to amazon's no frills not the full frills tells the no frills music service. There are a lot of different things that amazon uses to keep us connected to it. I'm a funny situation and that i pay the one nineteen year for amazon because their series of shows that my family lying loves to watch that are only on the prime instant video service so i'm looking at it as like a ten dollar a month video subscription we order order very few items from amazon prime and so in my case when nobody's really interested in those prime video shows does anymore we're done because there's nothing else that would hold us there but everybody situation's a little different so it clark dot com com. We put together quiz. It'll take you oh probably about three minutes to fill out where you ask yourself alf thirteen questions and so you can just go down the questions really quickly on amazon prime quiz and you just circle your choices says on the thirteen this actually isn't gonna take even said and then you add up the points you come up with based on the answers search and we've got a scale that if you scale above seventy five points on this quiz then yeah it's worth it for you to spend one hundred twenty a year but if you fall below that then this is really money you're throwing down the tubes cbs another thing with amazon to other things you even as a non prime member you hit a minimum order bucket just like you do with walmart walmart and you don't have to worry about being a prime member. You're still gonna get free. Shipping is not going to be one or two days but you'll get free shipping and and so. I think that's really important for you to think about the you don't
"clark dot" Discussed on 760 KFMB Radio
"Can occur there you may have to react to it could be something that's a man made disaster like terrorist attack or against computer systems our financial system anything like that and so I believe it's important to be prepared and so I have a guide for you at Clark dot com what should be a in your survival kit now I've mention this before that I'm no survivalists but I have nous employees for our important papers make sure we have food and water make sure we have working flashlights we have the flash lights that you crank seat on to worry if batteries go out we've got those kind of things and this is just a friendly reminder that you never know when something happens that you have to adapt to I want you to be prepared on that subject this is the time of year where there are some of the best deals each year on travel because leisure travel basically falls off a cliff through the fall are from now till mid December except for right around thanksgiving fall travel is a very soft time and so there's deal after deal after deal and so I had a question last year that I was thinking.
"clark dot" Discussed on News 96.5 WDBO
"You always say no browsing on the Chromebook but can I access Clark dot com on it don't do it don't do it I'm a very dangerous man no no you don't you don't do any normal web browsing on the financial Chromebook all right so I'm relegated to your other computer okay and don't why IT in faster invade your financial computer it is safe to use my phone banking apps to deposit checks percent like those effects thanks I love your show thank you have a great day Andrews with us on the car K. our chill hello Andrew hi Andrew how can I serve you I am thirty one I recently got my first gun club is a secured card so went that route with things just to kind of start building credit up until this point like I paid cash for everything all my callers everything I'm glad you have the secured card yes I do have a secured card at this point you know I have the ability because I had to pay cycles I am the nominee to increase my limit do it and so I was just kind of wondering if it is it sort this early to go ahead yes yes it they'll offer you a limit increase take it because the limit increase is very important to you establishing a solid credit record and be in a position where you using very little of your available credit.
"clark dot" Discussed on WSB-AM
"Can occur there you may have to react to it could be something that's a man made disaster like a terrorist attack or against computer systems our financial system anything like that and so I believe it's important to be prepared and so I have a guide for you at Clark dot com what should be a in your survival kit now I've mention this before that I'm no survivalists but I have preparedness employees for our important papers make sure we have food and water make sure we have working flashlights we have the flash lights that you crank seat on to worry if batteries go out we've got those kind of things and this is just a friendly reminder that you never know when something happens that you have to adapt to I want you to be prepared on that subject this is the time a year where there are some of the best deals each year on travel because leisure travel basically falls off a cliff through the fall are from now until mid December except for right around thanksgiving fall travel is a very soft time and so there's deal after deal after deal and so I had a question last year that I was thinking.
"clark dot" Discussed on News 96.5 WDBO
"Can occur there you may have to react to it could be something that's a man made disaster like a terrorist attack or attack against computer systems our financial system anything like that and so I believe it's important to be prepared and so I have a guide for you at Clark dot com what should be in your survival kit I've mentioned this before that I'm no survivalists but I have preparedness in place for our important papers make sure we have food and water make sure we have working flashlights we have the flash lights that you crank so you don't to worry if batteries go out we've got those kind of things and this is just a friendly reminder that you never know when something happens that you have to adapt to I want you to be prepared on that subject this is the time a year where there are some of the best deals each year on travel because leisure travel basically falls off a cliff three the fall are from now till mid December except for right around thanksgiving fall travel is a very soft time and so there's deal after deal after deal and so I had a question last year that I was thinking about in conjunction with this hurricane when I heard that cruise lines were changing their temporaries to try to stay out of harm's way with their ships that sail in the Caribbean south Atlantic and the Gulf of Mexico and it just reminded me of that call last year about the issue of storms particularly bit can hit that part of the world each year during hurricane season and so it is truly hazard with opportunity and in most circumstances you're not going to qualify for a refund for the accommodations you book that may be non refundable the airlines are usually really hard hearted about it in the event that there is a storm and so you can be left with it without the money without the trip and people ask me about trip insurance and I want to tell you that when you're looking at trip insurance there's a product it's not heavily marketed but if you were going somewhere where weather issues could be a factor let's say you booked a fall cruise out of any of the Florida ports and you could end up having your cruise be miserable because of storm activity or you put to resort somewhere fun in the.
Watch out for credit card companies lowering limits
"I've got a foul up for you on something that has really emerged. It's just a problem going back to this last spring and is intensifying here in the summer and that is where credit card companies are either without notice closing your account or reducing your credit line and it's because the rate of delinquencies with credit cards is zooming right now and the number of charge offs s where people just aren't flat out paying their bills anymore has gotten really bad again with is credit cards so the credit card companies are really freaking on this and they're punishing people who have not caused a problem but they're just worried and trying to dial back their portfolios our our producer Kim got a letter from one of her credit card companies in this case American Express and American Express did not write him to tell her they love her in fact this letter is pretty eighty cold from American Express to you. It shows that bankers exist is bankers only with artificial hearts. It felt that way yeah so they told you your spend activity on your account listed above has been significantly lower than your credit limit in order to align with your spending we have lowered the credit limit on your account and goes on from there very warm and friendly early and Fuzzy American Express Yeah Super Fuzzy considering they are my oldest line of credit and I've been with them for about twenty-three years this very disappointed but you did get one. Please in the letter your nor options if you would like us to review our decision. Please please hey there. It is call us at the number on the back of your car that I thought was particularly Kinda Lane that they couldn't hadn't just type out the number that I had to get out my card and look at the little bit on the back. I'm like really not encouraging me to call you so I'm not specifically picking on American Express even though that was really harsh but this same kinda banker mentality with a complete lack of sense of loyalty to a customer has been loyal the coldness the <hes> I mean why do people hate bank so much because this is the way they behave you know the artificial heart was developed as a way of saving lives of people whose human heart was not functioning but when the banks came up with the idea of having all their employees and planted with artificial hearts they've been thrilled with it and this is a perfect example so American Express warm and fuzzy warm and fuzzy <hes> this could have been from any of the other big issuers because this is going on so no this is y it is very important from a defensive standpoint that you have a minimum to credit cards from two different issuers because at least Kim didn't get the other nasty gram that so many people receiving which is we are closing your account and this is not for somebody. Who's been a problem? I that's just the way it's playing right now and I've talked before and we did something a video and Clark Dot com about why probably in this circumstance having four credit cards from four different issuers may be the right defensive posture with the behavior of the banks right now and that would be a major credit card which is visa mastercard American Express discover never more than one thinking of it as a defensive position from the same issuer like if you have a couple of cards with chase peace and that's it. You're going to have a really bad day. Chase decides you're out all at one time. That's why you WanNa have them for more than one place and I really liked for you at this time to go to a credit a union. You're a member of and get a credit card from them. Credit Unions are because they're owned by their members. Don't just throw people overboard Willy Nilly when things get a little rough out there because they're there to serve serve their members. They're not looking at you as just a data point and a profit center I apologize if I missed this but did you <hes> share the punch line that I was able to call an appeal well. That's why said in the letter you could you could and it wasn't that hard conversation. It was a little obnoxious going through the same story with them over and over but they updated my income stuff which they hadn't done since two thousand and five and reviewed it and then restored. Would it back to the other one so for anybody else at this happens to. I think it's definitely worth the phone call at least and the person you spoke to at American Express. Did they have a real heart or an artificial. They sounded exactly like your imitation of the letter her so strange they really. It was obviously scripted. Yeah everything they said was obviously like reading from a script even after they transferred me to a manager he was reading from a script. It's just you know it's not a warm fuzzy situation but you by advocating for yourself you got it reverse and now your credit isn't going to be harmed by that. Credit Limit Reduction Yep good job P._J.. Is With us on the Clark Howard Show Hi P._J.. How are you hi Clark Great? It's a pleasure to speak with you well. It's great to have you here and you have a suggestion for something that has been a terrible problem for so many parents teenagers and that is that it costs about as much to ensure a teenager as it costs to buy a building yeah you had a recent caller who mentioned they were going through a similar scenario similar to what my life and I just went through with their son turned sixteen and and they contacted their insurance company about putting them on their policy for their vehicles and that caller it was about four thousand dollars a year more in our case. It was wasn't that much but it was quite a bit so in talking to the Insurance Company Company we <hes> we're agent came up with a way to take the sting out. It's actually worked well with something. We were thinking about doing anyway. <hes> what I learned was that the the insurance company will rate. You're young driver on the highest cost vehicle you have and both far vehicles are currently fully insured and therefore that that increase costs however if I were to purchase a vehicle and carry only liability he could be listed as a primary driver on that vehicle in doing so we pay substantially less in fact the difference for us was about nine hundred dollars a year less and given the cost of the vehicle that we were purchasing we would almost have it paid off over the two years that he was in that higher risk so very clever idea. So what were you able to buy so inexpensively we actually bought a nineteen ninety six Ford Ranger pickup and <hes> he you know he would drive it just to work. I did confirm with the insurance company. There's no problem within driving or other vehicles if we wanted him in a safer for vehicle for a longer distance or something he's free to drive those vehicles but so long as he's primarily driving that used vehicle <hes> he's he's able we're able to get into that lower rate. I appreciate your strategy so much catch and there's something you said I wanNA point out. You said that <hes> it was the person at the insurance company who helped you figure out a workable strategy. Is that right that's right. It was our agent. We have a really good relationship with our agent. Will that is great right. You know <hes> fewer and fewer people today have an agent who even though they are the agent or the insurance company historically psychologically. They've really been an advocate for their customers and yours is a perfect example sample of where an agent advocated and saved you a lot of money. That's really wonderful to hear and it will keep the keeping miles awesome are other vehicles. There were a lot of advantages to the whole thing well that is such a good story and differences from state to State Insur to ensure but on love suggestions like yours is ways of trying to reduce the cost of insuring teenage driver and <hes> <hes>. You may have heard what we've done that our teenage daughter is in college in an area where there's a lot of Uber and lift and what she's spending per month on Uber and lift is less less than what the auto insurance was for her to be a driver and now somebody else has to put the wheels on the road and drive her which she loves lots of ways to get around the auto insurance for a teen thing. Dan Is with us on the Clark Howard Show Hi Dan Dan what's going on. I have a six month old. We are planning on putting into into a private school finally when they're three or four and we're seeing if there's any kind of five twenty nine plan <hes> that we can use tax advantage of that to pay for the private school so do each state establishes what they permit as far as money going through into use for private school in usually is considered to be K.. He threw twelve <hes> traditional kindergarten is when states have generally allowed five twenty nine money to be used for a private school that before that you know historically that was called pre k. a nursery school and I'm not aware of there may be a state here or there. That's allowing that but to my knowledge it's kindergarten through twelve and you're allowed to take in the states states that permit it typically up to ten thousand dollars in annual tuition can go towards private school tuition kindergarten through twelfth. That's going to Max out at about ten thousand. In a year anyway so that could that could work out well for you. GotTa you gotTa put in a big chunk to be able to really make it work for you because you need several years of tax free growth and tax free spending thing before the it's really worth it to us the five twenty nine money for private school. Is your child likely to go private school all the way K. through twelfth. Most likely yes sir so what I've recommended in that case is that you use the child's young years to keep piling money into a five twenty nine. Give it several years to grow and then maybe about middle school age is when you start are using it to pay tuition so that you've had enough years where you've had tax free growth in tax free spending because if you turn around when a child is really young you put money on you. Turn right around. Take it out. There's just not enough earnings to make it worth worth doing all that so it is a new tool for people and I think that in the time that it's been legal in many states to use five twenty nine money for a private school before college I could probably count on one hand the number of calls I've had about it so most parents are still thinking of five twenty nine is principally for college. Ari Is with us on the Clark Howard Show Hi. How are you today great? How are you good? You have a question about something that the answers have gotten so much better in the last couple of years hit me with it great well this goes along along with the spend less idea because I have looked around and I did a little internet searching and I found I wanted to well. Let me start with where I'm trying to accomplish. Daughter is going to be spending a year in a different country and we have to pay for the program that she's going to be going to. It's a gap year so she'll be finishing high school which is graduating in a in a month and before college. He's GONNA spend a year studying in a different country and the school wants it and their currency currency and so I looked at a few different companies one of them on your website but then as I'm doing some Internet searching I found a website that did a comparison engine which I'm not sure is legit so that's part of my question and then Kinda different company that look less expensive so of course I wanNA spend less but you're so worried about scams and if you transfer money and you wire money I feel like there's no way to ever get that back. If it's a mistake absolutely we now I am so glad that there are these alternatives because not that many years ago the only choice we had if we needed to send money overseas was to do it through a bank and banks in the United States have used this as away to just eat people's wallets up and they're not competitive at all in the marketplace when the banks had a monopoly. It was just ridiculous how much they ripped us off but now that option. It's the why isn't it crazy how much the banks teach you and is a cheat. It's not even charge you but the big players in it or oh F._X.. And Transfer Wise. I don't know if you've looked at either of them. I didn't look at the facts I looked at transfer wise and that's the company that I found is seems to be less expensive but the big mystery is how do you know whether you're dealing with a legitimate company even if they have a website and say they've been established Bush since nineteen seventy nine or whatever they're saying who are they go ahead and ask me currency transfer dot com. I'm not familiar with them and I found them on finder dot com which was a website that compared urge currency transfer websites. How much cheaper are they then <hes> the two that are the best known transfer wise no F._X.? I would say that it was about and percent cheaper ten percent really yeah so you mean ten percent less of the fee not that that's ten percent to send money okay right right if I if I was sending you know a thousand dollars I had they were nine hundred versus a thousand from the other companies right okay. If it's much cheaper you're going to be making multiple tuition payments do a test with them and see what you can find with reviews put in the name currency transfer and then put in the word rip off as a search see if there are people have gripes with them if everybody's happy with them and it works with a small transfer. Give it a try. Maybe you've found another other that is cheaper than the two that are most established. If it is a problem then you know who you should
"clark dot" Discussed on WTMJ 620
"Here on the Clark Howard show where it's all about you and that while the yours ideas to me so you can save more and spend less and don't let anyone ever rip you off our main website Clark dot com you looking for bargains you looking for deals check out Clark deals dot com over the years I've as well as I could explain warned you about the problems with doing business with a full commission stockbroker full commission stock brokerages are ones other than places like the two big Schwab and fidelity where and then there are some smaller discount brokers the full commission stockbrokers where your side to a sales person who sounds like they are helping you plan for your money but they are sales people their job is to push with their brokerage has some push and their job is to sell you products that have ultra high cost of them and also they may involve kickbacks there are paid fried by various companies to stock brokerages and so they the sales people the brokers are told which ones to push that generate the big kick backs well the federal regulators an organization called the SEC the securities and exchange commission and they have released new rules they're actually make it easier for brokers to pretend they're protecting you but at the same time stabbing your wallet in the back and it's called regulation best interest you're gonna get a lot of our propaganda in your monthly statements if you do business with a full commission stockbroker making it seem like.
Where people go when housing gets too expensive
"Have a question for me go to clark dot com slash ask coming up later i am so excited about initiatives going on around the country to reintegrate great people who have done the crime and done the time back into society we all benefit and i wanna tell you something that's been a bug from me for a long time it's finally starting to be fixed in so many places i wanna talk right now about something that has defied solutions for a good while in that is there are a number of locations specially on the coast warehousing has gotten so expensive that people are going the desperate means to have a place to whip i don't know for most of us this is inexperienced we can't even relate to but in some of the highest cost cities in the country people are subdividing small apartments into living quarters for as many as four or five different front individuals her family units living in one bedroom apartments they use things like cardboard boxes dividers or a curtains as dividers in people work crowding outing in crazy numbers in in places by the water people were following an asian model in more and more people are living in crummy boats these are not fancy boats that people were going out for a joy ride or fishing and these are things that are barely seaworthy dilapidated boats that people are living in usually without access to the heat or cooling or normal sanitary capabilities just because housing has gotten so bad in this is gonna really blow your mind there are places where a silicon valley is one that's done this from time to time where they run all night buses in people are using the buses is a place to sleep phil they go to work the next day in many times these people with jobs that pay was considered to be decent amounts of money these are tough ways to web an i want you to know they're in such a strong job market in the country that if you can relocate there are so many cities in the country the vibrant dynamic have fast growing labor markets where housing is so much more affordable a lot of places in the midwest have a lot of really solid job markets in very affordable housing sing i think about somebody i talked about a while back about people who were moving from northern california to kansas city in where in northern california there is never a prospect that be able to move from in an apartment life joe living in a home they own in they might move to kansas city make less money but be able to own a home and establish roots let's end the story of jacksonville florida was that occurred because of a horrific event in the united states the september eleventh terrorist attacks tax the purpose of part of what all kind of hope to do at that time was to destroy the banking sector the united states in so at that time they will is ultimately a requirement that banks thanks i go from having one headquarters area that could be vulnerable to attack did decentralizing and that's why the big financial houses the brokerages the banks have decentralized facilities that if one area was attacked and another would still be able to operate and that's why you may call a company based in new york or san francisco or wherever and you're telling the people in phoenix denver or jacksonville or whatever and in jacksonville a lot of the new york area banks offer employees transfers to these alternative operations in jacksonville and they have to take a pay he cut maybe twenty five thirty percent and they line up to do it because the quality of life in the housing situation is so much better from living in the tristate area but they do it so we don't move like we used to but the housing costs problem specially in the mid atlantic and northeast and on the west coast is so severe that a way to improve your quality of life maybe do what people have done throughout american history just not lately pick up and move
"clark dot" Discussed on 760 KFMB Radio
"Someone pretending they're seeking donations for people who are public safety officers. Police officers, firefighters any kind of first responders and this scam. Is wiser scam? Is a scam because the money is not actually going Danny police officers, firefighters, or anything like that. According to publish reports. So I want you to know that this is a scam that has been around for decades, the only thing that's really unusual is everything with the scam going on right now involves doing things the old fashioned way, an actual human calling you on the phone mailing. You a contribution envelope to mail back in your donation think how odd that is today with how much is done automated? How much is donations online and all that. But again. This is not a legitimate, request and know that when you were solicited by any organization, any organization, it's really important to know. Are they legit? How well do they spend the money they spend it wisely? And I've got at Clark dot com three different guides. You can use whichever one feels most comfortable to you that will help you figure out, whether someone soliciting, you is actually from eight legitimate charity or not. That's test number one been test. Number two, even a legitimate charity can be very poorly. Run very inefficient with donations. The second test is are they good with the money? They receive do they spend it wisely and that's why I've got these guides so you will not only be able to make them pass the first.
"clark dot" Discussed on WSB-AM
"Save more spend less avoid getting ripped off. That's my territory that I serve you in. But what if you hear me talk about a topic answer a question from someone give advice or opinion, and you feel that I'm outta my mind or I just gave bad advice or info. Well, this show is not one where I have the last word we all learn together. And if you feel that I've come up short, I need you to let me know that. So we have a special forum for you. Go to Clark dot com slash Clark stinks. And you can post where have disappointed you upset. You angered you, whatever the men others can see what you've written. They can comment on it agree with you disagree with you. And then weekly producer Krista goes through your posts on Clark stinks and shares her favorites right here on the air. Never to speak. I think I'm pretty stupid. Right now. A few months ago. I was thinking about purchasing a new printer for my office. I had an old brother in my office for nine years that was finally dead. I really liked what Clark was saying about the Epson line and how it would save money on Inc. In the long run. I eagerly purchase the top of the line Epson echo printer for three ninety nine with tax. It was over four.
"clark dot" Discussed on News 96.5 WDBO
"Why we have Clark dot com slash Clark stakes this where when you feel that I missed the mart. You might be. No others. No and others can comment. They can agree that can disagree. And if there's ever something you've listened to you feel sounds hollow do you or just missed what you expected from me? The quality of information you expect it for me, please go to Clark dot com slash Clark stinks and post away. Now once a week producer Krista goes through your posts and shares highlights people's post with you right here on the air. To speak think I'm pretty. All right. Earlier this year you were talking about extolling the virtues of factory produced. Meet in quotes your endorsement of this made me really angry. You went on to say that it will save people who work at the ranch in the ranching industry so much time and effort at cetera. Well, I work in the ranching industry while yes, it is hard work. Some of us like hard work some of us like living out in the country near a town with only eight to ten thousand people some of us like living out in the middle of nowhere. We can still see the stars and smell fresh air and walk on real green grass some of us love taking care of live calves and their moms some of us like this lifestyle, we still deal with people face to face oftentimes, a handshake still sales deal, and we still do business locally, although that's getting harder and harder. Not all of us wanna live in urban areas that pollute the air with noise light and gas fumes are overpopulated with people who have never experienced things that I mentioned in the Email, perhaps you should come out. Here to eastern Montana and seeing experienced this lifestyle for yourself is odd to me that people who profess to be one with the earth and wanna cut back on carbon emissions are afraid of GMO's and artificial anything seem to eat this kind of factory produced meat. I usually like your advice, but on this one where you don't really know about our way of life, you missed the Mark. Patricia Patricia thank you for your post. And by the way, I love Montana. I've been to eastern Montana western Montana, northern Montana over and over and over again, I've been all over mine Tanna, and it is one of the most magnificent places in the United States. And I did not mean any offence to you or your way of life. We have an issue around the world, how do we provide food for an increasing world population? And so I'm really intrigued and curious about new ways of producing food that are more efficient. And then maybe the way we've. Done things, historically, but we in the United States are so fortunate to have so much available land, and we will continue to be able to produce food in the United States, traditional ways and not just in the environment. I was talking about in or near urban areas. Recently Clark, recommended that an individual not put student loans into deferment when they had that option while continuing to make payments on the loan. Ultimately, Clark recommended that. They just finished paying the loan and not continued to ferment if the student has subsidized loans that are that portion will not accrue interest while in deferment continued payments on the student loan will help substantially since the payment will go all to principal balance for any subsidized loan. I did this when I return to school and the deferment made such a difference in getting the loans paid off. Thanks for all the advice. Dr richardson. Thank you. Dr richardson. I appreciate your post on it. The big problem. We have in the states student loans is not so much the strategy for pay. Saying them off. It's the amount of student loan debt. It's being taken out. And it's now somewhere around one point five trillion dollars cumulatively across the American population. And it is a terrible burden that people face for potentially decades after school. And so we need a whole reorienting and rethinking and the ability to borrow unlimited sums is something that we need to Kerr Taylor, and in the United States, increasing the gas tax is needed, but poor paving jobs still cost the taxpayers. Lots more gas tax money does not equal better roads. Just more corruption. My wife, and I are teachers who commute together one hundred and fifteen total miles every school day on interstate eighty five they have re ground resurface fifteen miles of I eighty five several times in four years in Montgomery and still poor road surfaces. Areas are coming apart again in areas like roller coaster, rides only companies who Do Quoc. Work equal. Better roads. Lowest bids do not ensure quality Gregory. Gregory. I first of all your dedication to your students is fantastic that you commute such a long distance to teach. And that shows a real love for those kids as for the fact that your wife. Yeah. Yeah. And I think about that time you get together with each other. So as far as the problems with incompetence corruption that is a problem with government that's gone back forever. It doesn't mean that most government projects are corrupt or most government spending is incompetent it just seems to be a problem. You've had you said Montgomery. So I'm assuming on eighty five you mean Montgomery, Alabama. So that's something the politicians need to be brought to account for if in fact, the work being done is a very poor spend of taxpayer dollars. Sorry clark. You're stinking up my car yesterday. When your podcast mentioned recent travel warnings for Yucatan, I was pretty amazed that you have found for these fake news reports. I also heard the reports from other news agencies including my five o'clock broadcast. And so I went to the source, which is something I learned from you and on the State Department's own website. The latest travel warning Mexico was in November of twenty eighteen five months ago, and the entire state of Yucatan is level to exercise caution because of increased crime this regurgitation of scary news seems to be coming up when people are booking are heading off to spring break. It feels like manipulation. Of course, we've been to Cancun a dozen times, and the people are the warmest, friendliest I've ever met there's crime in the inner city, and it does bleed out into the resort areas. But every article I have read said that it wasn't targeted toward Taurus, it was late at night in a place that I would never visit at two AM, but is Chicago or any other major US city any different advice from the locals is to stay out of the bad part of town in the middle of the night and don't buy drugs because the Mexicans that. I see that. I meet the American spying drugs is the problem that is causing the crime, the more news scares people away, and it makes it cheaper for me. But I feel sorry for all the people in Mexico, depend on US dollars for their livelihood. I guess they will have to get by Canadian dollars. Instead. Thanks for all you do Clark. I've learned a lot from. Mm you like getting your news from like getting your news from the source, Tom Kemp, Tom? Glad you had such great. And the Yucatan I've been to the Yucatan gosh, more than a dozen times and Krista. You just went to the Yucatan in the midst of all the fuss about the the warnings about Americans traveling. Did you ever feel uncomfortable at all? I know. There was somebody you said that was in your daughter's school who was nervous about going. Yes, we take one of my daughters, friends and her parents were nervous about understand. I think understandably honestly, I mean, we just stayed on the resort the whole time, which is the vice I was given. And I didn't hear about anything ours. Pretty far away from the inner city of Cancun. But there were a lot of security boats all over the place. I mean, they had our place pretty secure, and they think there's a reason for that. And I so I felt pretty safe, but I was little like. So you know, I think it's up teach individual how comfortable they feel. So when I talked about it in answer to the question that are posters referring to. I was talking about the fact that there are people that are they get anxious or nervous about traveling. And when you're taking a vacation like going to the Yucatan, you're going for fine. You're going to escape to enjoy and it was going to freak you out that their concerns about potential crime. Then maybe there's somewhere else you should go. I've never had in my more than I don't even remember how many times I've been the Yucatan. I've never had any feeling of being unsafe at any time that I've been to the Yucatan peninsula any spot I've been there. And so, but but I'm somebody who who is pretty fearless travel. So I just have to make sure I put it out there not to create fear, but to deal with the concerns that people might have in his honest away as I can. And I'm glad that I help generate lower prices for you on your trip K far away from the Yucatan. Enjoy listening to you here in Germany, just an F Y regarding you telling the listener to simply by a sim card while traveling abroad, at least here in order to activate the sim card and phone number of video interview is required to verify one's identity, and what other cell service would Clark listener have all detox. Of course, Brandon. It is true. If you walk into an all D in Germany, there's a case you can go to and you can you'll see some cards available in that case, and it's really an expensive cell phone service. I was not aware of the video interview requirement because I've been on T mobile for a long time. And so I have free use of unlimited texting and data when I travel overseas. So I I didn't know that such thing was there Italy can be difficult sometimes to buy a sim card is well, these are responses to the concerns about terrorism that are ever present and concerns of governments around the world. I agree with Clark LED lighting saves consumption on your power Bill, but that does not acquaint to actual dollar saved the power companies have minimums, so you may save twenty five percent by putting an LED bulbs. But you only. Save five percent on your power Bill. Cory, cory. Thank you. That depends on the part of the country, you're in and how powers supplied and how it's regulated where you live the same can be true for natural gas as well. The rates can be set with the minimum. They can be set with a charge. That is charged just for breathing. There are many different formulas used but particularly in areas of the country with high consumption of electricity for air conditioning during the peak summer months, you will generate the big savings from converting to LED lighting. Appreciate all your posts. Please. If you feel that I've explained something poorly. I've explained it wrong. Go to Clark dot com, Clark stinks slash Clark, sinks. And let me know. You're listening to the Clark Howard show..
"clark dot" Discussed on WSB-AM
"Post a question at Clark dot com producer Joel asks for you. What do you want to start with? Joel clark. Let's start with for Jinya. She says what can you tell me about Hulu dot com? So who is a video streaming service. They have product they've had for years where you can see a lot of TV shows principally TV shows on demand. When you want to watch them. They're usually delayed a couple of days when they would have aired and that starts at eight dollars a month. Then there's whom Lou with live TV, and it's forty a month and is a replacement for traditional pay TV you get all the on demand programming that comes in the eight dollar a month package. Plus you get. Four or five dozen of traditional pay TV channels that you can watch live. You can watch them pretty much anywhere on any device. So it's a deal as an alternative when you figure the typical paytv package is just over one hundred dollars a month and Hulu with live TV is forty. Well. That's a deal. All right. Tom Wright's into what is the best way for me to get rid of a timeshare? You know in all the years, I've been on the air and even all the way back to my first book that came out of I've written ten books. It was even in my first book about the possibility of getting rid of a timeshare timeshares one of those questions virtually without a good answer. There is a website called vacation. You can go look at it as a potential way to maybe get rid of your timeshare usually you have to pay somebody to take over your timeshare. The one hail Mary that has worked for some people is go to your timeshare during the week that you're week is available. Even if you haven't been there in years, and there will be people there that are really enjoying themselves talk people up at the pool or whatever. And see if somebody there would like to have your timeshare, you're not gonna get any money for it. But you can ultimately signed it over to them and be done with it..
"clark dot" Discussed on Clark Howard Show
"It's time for ass. Clark. That's where you post a question for me at Clark dot com producer Joel acid for you. What you got Joel Clark Roseline a road. He said I received a check where twenty four hundred dollars from a lawyer's office in Wisconsin. It doesn't say what it's four just instruction about how to cash it in a phone number to text only wants to check his cashed. Do you think? It's legit because it certainly looks legit. Wow. I never get till layout. A cow's pile of manure during an ask Clark the unique opportunity that is completely bogus. You're gonna get scammed. The check can look completely legit because today because of the sophistication of printers anybody can print up check stock that looks completely official. So know that there's no virtue in you having any contact with these people money does not follow the sky being told you can only taxed and all that completely nothing but trouble awaiting you do not fall for the fake check scam. You're listening to the Clark Howard show. Thanks for joining us today that Clark Howard show is produced by Kim droves. Joel LARs guard, Debra Reese, and Jim airs and remember twenty four hours a day where there to serve you at Clark dot com and Clark deals dot com..
"clark dot" Discussed on Clark Howard Show
"These hacks so someone sends you an email saying that they have been lurking around your computer because they were easily able to break in because you are part of a data breach and they know that you've been seeing adult content using that computer and you better pay them money or they're gonna rat yell for seeing dealt content again this is completely bogus another scam both of them trying to tack you on vulnerability levels and these people have nothing on you they really don't know anything about you they are also trying to extort money from you the fbi knows about both of these things is aware of both of them and the only thing that law enforcement can really do with these scams is hope that somebody like me will talk about them and give you a warning that this is what's going on and not to take any of these clowns these crooks seriously and reward any of them with any money from you if somebody does send you something though saying you've been hacked well i've got special tips about that at clark dot com it's my pleasure to welcome you to the clark howard show where it's all about you learning ways to.
"clark dot" Discussed on Clark Howard Show
"With government or with religion they usually do not walk people but when one is just a regular for profit nursing home they routinely will put patients out and just say have a nice life and that's why having your own money you're having a long term care policy is so valuable it's time for ass clark that's where you post to question for me at clark dot com producer joel acid for you and joel what's up clark edward wants to know what's good website to go to for a list of discounts for veterans edward i don't know what branch who served in but thank you so much for your service to our country military dot com is a great place to go as a clearinghouse on the web at clark dot com we now have a military assistance guide and one of the things we have on it are disc counts and deals available to military personnel and i just am so thankful to all the brave men and women who serve today or if served in the past in the us military all right cynthia asks what is your opinion on selling homes to companies like knock offerpad and we buy ugly homes is it safe to sell to them we buy ugly homes is a different kind of business model than the others we buy ugly homes is really an effort when let's say as an example elderly relatives passed away and you are the administrator executors got to dispose of the house and the house kind of aged and needs a lot of work to it that's the marketplace served by we buy gli houses or any of the people who have the signs along the road that will do a quick sale to you they do the fix up they make a spread for taking on that chore now with offerpad and knock and the other newer entities that you can go on the web and then answer some questions and then they give you back an offer of what they'll pay you for your home what these companies do is they're looking for typical home seller in suburban community in a.
"clark dot" Discussed on Clark Howard Show
"Retirement account whatever and it involves your cell phone service because so often a financial institution allows you to reset access to an account through your cell phone and they'll using with those to factor authentication they will send you a text to your cell phone and with a one time use code and then that unlocks the key to be able to take over an account if i'm not friend i'm foe and then very quickly within minutes or hours empty money out of your accounts so as a result of the echr affects breach criminals know pretty well what cell phone service you have they know what financial institutions you do business web and they been able to take that information and do something known is sam hijacking that is they're very wellprepared and what they do is they steal your cell phone service saying they lost their phone earth their phone bro gore stolen or whatever and they hijacked you're service and then within minutes they're able to get those tax with a one time use codes gain access to your accounts and immediately start transferring or withdrawing money while the first slanted of defence is to be able to prevent a criminal from hijacking your cell phone service and so it took a little bit of research but we now have at clark dot com the steps you can go through with the big four cell phone carriers to establish what is not going to be a perfect wall a defence but one that is a good wall a defence and generally the systems work with a secret code that you establish.
"clark dot" Discussed on Clark Howard Show
"Is a great benefit and go to whoever writes your homeowner's or auto and get a quote from them for doing an umbrella policy in have finding maui side for ask clark that's where producer joel ask a question you posted for me at clark dot com which got clark owl wants to know what are the pros and cons of getting a reverse mortgage will reverse mortgages where instead of you writing a check to the mortgage lender each month they write you a check in the simplest version the pro is that if you're tapped out you're house rich cashpoor you have no other resources to drawn you're not worried about your kids inheriting the value of your house it allows you to remain in your house longer in your house to find a portion of your retirement the bad side a reverse mortgages is the fees on them are in many cases extreme and you limit your options and that you eliminate the ability for loved ones to inherit but the big thing is that any reverse mortgage sits legit you'll have to go through financial counseling first to make sure is the right choice for you thanks for joining us here on the clark howard show where it's about your empowerment with knowledge so that you can save more and spend less and don't let anyone ever rip you off clark dot com is our web address clarke deals dot com his where you go to save money.