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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Umbrella Insurance Importance
- Buy umbrella insurance to at least cover your net worth to protect your assets from major liability claims.
- It's better to be slightly overinsured than risk being underinsured against lawsuits or accidents.
Understanding Metals Capital Gains Tax
- Precious metals capital gains tax can be as high as 28% but often is graduated and can be zero at lower income.
- Use online calculators to estimate your precise tax liability when selling gold or silver.
Travel Data and Map Tips
- T-Mobile provides unlimited data and texting in 215 countries with 5 GB high-speed data in 11 countries.
- Download maps on Wi-Fi before traveling to minimize mobile data use and stay connected offline.
