Today’s Sponsor
Happy Sunday! Here’s what we’re covering in today’s Clark Smart Investing newsletter:
Financial advice for the young adult in your life
What’s the Medicare tax cliff and how do you avoid it?
7 ways to reduce your risk of running out of money in retirement
Q&A with Wes Moss: When and how should we disclose our financial circumstances to our adult children?
💵 Financial Advice for the Young Adult in Your Life
Whether you learned good money habits from someone early in life or picked them up through the school of hard knocks, there may come a point when you want to pass that wisdom along to the young adults in your life. But where do you start?
Most financial advice for young adults starts with the power of compounding and a chart showing what $300 a month could become by age 67. That math is real — and powerful. But it isn’t where the story starts.
Most people who end up in good financial shape first master something much less exciting: They spend less than they earn and keep cash on hand for when things go wrong.
Everything else is built on that foundation.
In the full article, find out what you should discuss with the young adult in your life. Forward it, print it or read it together.
📚 Recommended Reading
Did you know crossing a Medicare income threshold by a single dollar can cost you over $1,100/year in extra premiums? IRMAA surcharges catch thousands of retirees off guard every year — mostly due to routine moves. Learn smart strategies to keep your income below the cliff. Read more.
What if you outlive your savings? It’s one of the biggest fears in retirement, but no calculator or single strategy can guarantee you'll never run short. Here are 7 practical ways to safeguard your nest egg and create a retirement plan that can handle the unexpected. Read more.
Sponsor
The 4% rule may offer a simple way to estimate retirement withdrawals, but real life is rarely that simple. Social Security, taxes, inflation, market returns, and your spending needs can all affect how much your portfolio needs to provide.
💬 Ask an Advisor
✅ Poll: What’s Your Take?
Every week, we'll ask a new question to get your take on the latest financial trends and topics.
Did Medicare’s "IRMAA" surcharge catch you off guard when you turned 65 or retired?
Last Week’s Poll Results
We asked: “Are you planning to take advantage of the 5% yield window?” Here’s how you answered:
Yes, long-term Treasury bonds - (4%)
Yes, TIPS - (7%)
Yes, both - (3%)
Maybe - (37%)
No - (49%)
💸 Money Tip of the Week
Commit to a recurring review schedule: Schedule an annual deep-dive and brief quarterly check-ins to update passwords, log new accounts, and ensure neither partner is left in the dark during an emergency.
☎ 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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This information is provided to you as a resource for informational purposes only and is not to be viewed as investment advice or recommendations. Investing involves risk, including the possible loss of principal. There is no guarantee offered that investment return, yield, or performance will be achieved. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Any company names shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. The views and opinions expressed are for educational purposes only as of the date of production/writing and may change without notice at any time based on numerous factors, such as market or other conditions. Always consult your own legal, tax, or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.
