The Clark Howard Podcast 01.24.25 Clark Answers His Critics on Clark Stinks / Job Change and Your 401(k)
Jan 24, 2025
This installment dives into the funny and insightful 'Clark Stinks' segment, where listener feedback takes center stage. Clark also tackles the pitfalls of changing jobs and how it can lead to significant losses in 401(k) savings. Discover crucial tips on avoiding costly retirement mistakes, plus comparisons between Roth and traditional accounts. The episode touches on maximizing college savings through 529 plans, offering practical advice for parents. It's a blend of humor, personal stories, and valuable financial wisdom!
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Roth 401(k) Prioritization
- Prioritize Roth 401(k) contributions to avoid leakage.
- Contributing directly avoids the risk of intended brokerage contributions that never happen.
Retirement Savings First
- Prioritize your own retirement savings over your children's college fund.
- There are no scholarships for retirement, while there are options for college funding.
Brightline Correction
- Jay, an engineer who worked on Brightline, corrected Clark's information.
- Brightline is a tenant railroad and expanded existing lines, not built entirely new ones.