The Clark Howard Podcast 06.27.25 Clark Answers His Critics on Clark Stinks / Savings Rate Vigilance
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Jun 27, 2025 This installment tackles listener feedback on past financial advice, shedding light on the games banks and brokerages play with your money. It critically examines the worth of extended warranties and explores tax benefits of I-bonds. Listeners share their frustrations with financial institutions, and the importance of end-of-life conversations is emphasized, offering insights into the emotional relief they can provide. Also discussed are travel benefits with T-Mobile and practical tips for navigating tax returns and savings rates.
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Extended Warranty Caution
- Avoid buying extended warranties for appliances and electronics as data shows poor value returns.
- Extended warranties for vehicles might be necessary if you can't afford costly repairs.
Tax Benefits of I Bonds
- Remember, Series I Savings Bonds earn interest tax-free until sold, enhancing long-term returns.
- Consider taxation differences before buying TIPS, which have a more complicated tax treatment than I Bonds.
Convert Paper Bonds Safely
- When converting paper savings bonds to electronic, send paper bonds with a manifest via tracked delivery.
- Avoid using the Postal Service due to operational problems; use UPS or FedEx instead.
