05.30.24 The Magic Number For Retirement / Investing: A Cautionary Tale

How do we determine our “magic number” - the amount we need to retire? Clark weighs in on the debate about how much it takes to be financially secure, and how to start and keep making progress. Also today -private placements, hedge funds, limited partnerships, private equity - beware of this type of non-traditional investment “opportunity”. Even when they’re legit, there’s no liquidity, and extremely high expenses. It pays to know why you need to avoid investing with anyone who is not a fiduciary.

• How Much Do You Need To Retire?: Segment 1
• Ask Clark: Segment 2
• Risky Investment Pitches: Segment 3
• Ask Clark: Segment 4

Mentioned on the show:

• The “Magic Number” Needed to Retire Comfortably Is More Than You Think
• Americans Believe They Will Need $1.46 Million to Retire Comfortably According to Northwestern Mutual 2024 Planning & Progress Study - Apr 2, 2024
• Retirement crisis looms as Americans struggle to save
• How Much Do You Need To Retire?
• How to Start Investing: 10 Steps (Clark.com)
• How To Save Money: Spend Less & Build Your Savings
• Warning: Here’s What Those Debt Settlement Companies Don’t Tell You
• Clark Howard's 2024 Credit Card Debt Elimination Strategy
• 6 Things To Know Before Contacting the National Foundation for Credit Counseling
• Best 529 College Savings Plans By State
• How To Open a Roth IRA
• The AJC: Atlanta hedge fund manager charged in $10M fraud scheme
• Best Financial Advisors in 2024
• Should You Make Your Child an Authorized User on Your Credit Card?
• Best Credit Cards for Students: Top Picks for 2024
• Travel Archives - Clark Howard
• 4 Ways To Get Your Free Credit Score

Thank you for listening today, Clarkies! If you want to be part of our “Clarkie” segment, call 404-981-2071 to leave a comment or story. We may play it during a future episode!

Clark.com resources

• Episode transcripts
• Community.Clark.com
• Clark.com daily money newsletter
• Consumer Action Center Free Helpline: 636-492-5275

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