The Clark Howard Podcast 09.08.25 Your Retirement Plan On Auto Pilot / Subscription Creep
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Sep 8, 2025 Discover the powerful impact of automatic savings on retirement and why starting your own plan is crucial, especially if you lack workplace options. Get tips on conducting a financial audit to uncover hidden subscription fees that could cost you over $1,100 yearly. Dive into advice on managing credit card rewards and consider innovative solutions for financial stability. Plus, explore the intriguing concept of dental tourism for affordable dental care while ensuring thorough research to avoid pitfalls!
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Automatic Enrollment Drives Retirement Savings
- Automatic enrollment dramatically increases retirement participation and savings accumulation.
- State auto-IRA programs already enrolled ~1 million people saving ~$2 billion, proving scale works.
Open And Automate A Roth IRA
- If your employer lacks a retirement plan, open a Roth IRA and set up automatic contributions from your paycheck.
- Use a target-date fund and automate deposits to remove decision friction.
Automation Creates Saving Habits
- Automatic transfers build habits for both retirement and emergency savings.
- Clark emphasizes that ‘automatic is key’ because intentions alone fail to produce consistent saving.