Clark’s hard rule for TV extended warranties (11 13 24)

Author

Anthony Hazzard
November 13, 2024

Kiplinger has released a seven-item financial checklist to help you plan for your retirement goals before going into 2025. We have that list for you later in this email. 

💵 Today’s Top Stories
Broken TV

If you have the option to get an extended warranty on your TV, should you do it? Clark has a hard and fast rule. Read more.

Spam Emails

Spam emails are the scourge of our digital lives. Here’s what you can do to fight back, from reporting the offenders to stopping spam emails from arriving in your inbox. Read more.

Two credit cards

This travel card has a limited-time offer, but should you add it to your wallet? Our credit card expert has all the details you need to know. Read more.

Longevity

Outliving your money is one of the biggest risks in retirement. And with people living longer than ever, it’s going to become more prevalent. But there’s a way to protect against that risk. Read more.

Walmart Plus

Walmart is offering annual memberships for $49 (normally $98) for a limited time. Clark loves how Walmart+ prices typically are cheaper than Amazon Prime. Read more.

💵 Kiplinger Lists 7 Retirement Moves to Make Before 2025

The holidays are weeks away. Soon enough, we’ll be celebrating New Year’s with our loved ones. With that, we’ll enter a new calendar year.

It’s a great time to close the books on 2024 and run through a financial checklist for the year. Team Clark will give you such a checklist in the weeks to come.

But Kiplinger released its own seven-item financial checklist entering ’25, focused on retirement:

  1. Social Security. Figure out whether you need to change anything related to your Social Security benefit status entering 2025.

  2. Savings Accounts. Yes, the Fed shaved three-quarters of a percent off the interest rate in the last few months. But the best high-yield savings accounts are still paying 3%+ more than your average regional or national bank. It’s a great time to re-shop your bank.

  3. Retirement accounts. Contribution limits and rules changed drastically in the last three years. You can contribute 2024 funds through April 15. But you may want to close out ’24 contributions and make a plan for ’25.

  4. Taxes. It’s time to close out ’24 and look at the new ’25 details including tax bracket changes.

  5. RMDs. Complete your Required Minimum Distributions for the year and make sure you understand what you need to do for next year.

  6. Will, Estate Planning & Legal Docs. Make sure you’re up to date and that nothing has given you reason to make revisions.

  7. Charity. Take care of your end-of-year tax-deductible donations.

💸 Today’s Top Savings Rates

Check out our updated list of Clark.com-approved high-yield savings accounts with the highest rates. Here are the top five APYs on our list as of November 13, 2024.

📊 Stat of the Day

🚘️ +52.4%: Tesla’s year-over-year revenue growth from “energy generation and storage.” Compare that to automotive sales (+1.3%), which has essentially fallen into neutral. The energy and storage divisions also produce a 31% gross profit margin, almost double that of automotive sales (16%).

💰️ Deal Alert: Today’s Top Deals
California
Amazon

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🎙️ Podcast

Are you a part of the sandwich generation? That means you have children and parents who need you at the same time. Clark explains why it’s a tough place to be. Also, the holiday travel season is almost here. Clark shares several helpful tips you need to know, especially if your flight is delayed or canceled.

☎️ 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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