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- Here’s How Much Money You’ll Save By Increasing Your Insurance Deductible (10 3 23)
Here’s How Much Money You’ll Save By Increasing Your Insurance Deductible (10 3 23)
Sally McDonald
October 03, 2023
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🏅 How To Meet Your Retirement Age Goal
Answer this question: Are you on track to retire when you want to?
If you said “yes,” you’re in the minority of Americans. About 75% of Americans say they’re not on track, Clark says. Many people know when they want to retire but don’t know what it will take.
“It’s kind of like if you tried to drive somewhere and you hadn’t been there before and you don’t put in the destination in the GPS on your phone,” Clark says.
“You’re just gonna go in circles, right? You’ve got no plan.”
No matter how you answered our question, a Google search will uncover predictive retirement tools.
“Tools that will say, ‘You’ve got this much. You’re this old. You want to retire at that point. This is how much you have to save every month to get there so many years down the road.’
“It’s hard to do. Because you may not want to see the answer. But [make a plan] if you don’t want to be way down the road and say, ‘I owe, I owe, I owe, so off to work I go.'”
💵 Today’s Top Stories
 | Raising your deductible saves you money on insurance. But how much, exactly, will you save based on the deductible amount and your home value? We’ve got specific numbers. Read more. |
 | Struggling to keep track of the latest unlimited cell phone plans the biggest providers offer? Here they are in easy-to-digest charts, along with advice on picking the best one for you. Read more. |
 | Ordering personal checks from a big bank is almost always a rip-off. Here’s where you can buy cheap checks online to save money. Read more. |
 | Save $125+ in the next three months with the Disney Bundle (Hulu, Hulu + Live TV, Disney +, ESPN+). That may help you stomach a price increase that goes into effect next week. Read more. |
 | Clark often recommends target date retirement funds as “the easy button” of retirement savings. Can you also use them as an alternative to high-yield savings accounts? Read more. |
📊 Stat of the Day
🚀 371: Consecutive days in space by NASA astronaut Frank Rubio, a new record. The previous long: 355 days. Rubio had to stay in space longer than anticipated due to a problem with a spacecraft. He orbited Earth nearly 6,000 times during the year-plus.
💰️ Deal Alert: Today’s Top Deals
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🎙️ Podcast
Wondering when you can find the best deals this year? It’s sooner than you think! Clark shares his deal prediction and a few tips to help you avoid a holiday spending hangover. Also, many of us are paying more with credit cards than cash now. But what about our palms or our eyes? New options are popping up and presenting both advantages and disadvantages in our lives. Plus, there’s one dangerous payment method you really need to avoid.
☎️ 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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