#1 most affordable retirement city (10 28 24)

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Sally McDonald
October 28, 2024

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💵 Today’s Top Stories

Want to stretch your dollars in retirement? Here are the top 15 most affordable cities. Read more.

It’s tempting to eat food after the expiration date. Throwing away food you bought with hard-earned money feels wasteful. But you want to be safe. Here’s how long food survives in your fridge. Read more.

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A weekly round-up of the latest investing news, financial trends, and retirement strategies from professionals to help you plan, save and retire with confidence. The Capital Investment Advisors team brings retirement planning and advice to you with handpicked stories delivered straight to your inbox.

Clark suggests a specific formula to determine how much money you need in your rainy day fund. Here’s how to calculate your monthly expenses to figure out the number for you. Read more.

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Team Clark tested this prepaid cell phone provider that allows you to choose which major cell phone network you want to align with. Read more.

🏠️ Today’s Current Mortgage Rates

According to Freddie Mac, 30-year mortgage rates are 6.54% and 15-year rates are 5.71% as of October 24, 2024. The following chart shows the 30-year mortgage rate trend over the last year.

✈️ The Ultimate in Airline Travel Value

What’s the best purchase you’ve heard anyone make? Perhaps a 30-year mortgage under 2% a few years ago on a forever home. Or a few thousand dollars on a car that still runs 20+ years later.

For some with wealth and means, it’s a lifetime first-class airline ticket. Mark Cuban famously bought a lifetime fight pass for $125,000 in 1990 and later upgraded it.

The company? American Airlines. Just 66 people took them up on the offer.

Another man purchased a lifetime ticket from American in 1987, reportedly leveraging it to board more than 10,000 flights(!) over the next 20 years (retail cost: $21 million). He also purchased a buddy pass and racked up 30 million airline miles for free before American revoked his pass.

You may never see such a deal again in your lifetime. But those lifetime passes, now all discontinued in 2024, offered some shocking value to frequent flyers.

📊 Stat of the Day

🎃 2,471: Pounds, the size of the winning gourd at the 51st World Championship Pumpkin Weigh-Off last week. A 44-year-old Minnesota horticulture teacher won for the fourth consecutive year after driving the pumpkin 35 hours to California.

💰️ Deal Alert: Today’s Top Deals
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🎙️ Podcast

It’s time for "Clark Stinks!" Christa reads the latest "Clark Stinks!" submissions and Clark responds. Also, have you ever wondered what credit cards Clark uses in his daily life? He opens his wallet in this episode and reveals the credit cards he swipes in 2024.

☎️ Need Money Help?

The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.

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