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September 23, 2009

Clark Howard: Money Coach Diaries

Posted: 06:00 AM ET

Having trouble managing money? Do your money goals seem impossible? Clark Howard wants to help you! We're looking for individuals or families who are willing to be profiled on HLN. Those chosen will get money advice and information from Clark Howard.

This week's question comes from Carmen and Ray Zych in Des Plaines, IL.

One of the things that I'm concerned about is that we don't have enough money to put aside.

I currently have a Roth IRA through my employer, and my husband and I each have one through our bank. What we are trying to do is sort of play catch-up. So I work part-time at a second job, and most of that money I'm putting into a retirement fund.

My husband thinks that putting everything away is foolish because if you are saving and saving and saving, you are not enjoying your life now and he has a good point. We would like to get a small little house, live in a small little town and just quietly spend the rest of our life relaxing.

We need a Money Coach!

Hear Clark’s advice for Carmen and Ray this weekend at noon on HLN

Do you need a Money Coach? Send us an iReport video with your money questions and tell us why you need the Money Coach.

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Filed under: 401K • Clark Howard • Living • Money Coach • Retirement • Uncategorized


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lalpri   July 22nd, 2009 10:04 pm ET

Really an appreciable article.Well done.............

full time part time jobs


Chris Greenwood   July 24th, 2009 2:47 pm ET

Dear Clark, I graduated from college about a year ago and have been paying off my student load on a regualr basis. like everyone else i've been looking for a job using the degree I received. I missed the segment about reducing your student loan payment based on what you make and was wondering if someone could direct me to the link where i could find the information.

Thanks, Chris


Jennie Weiger   July 25th, 2009 12:13 pm ET

This comment is about the credit card discussion. I have contacted the Better Business Bureau about similar issues on four occasions. Each time, my problem was quickly resolved.


Rosie   July 26th, 2009 6:17 am ET

I went to my bank and bought stock with ford and purches it at 1.62 when I recieved my stae ment it said 1.84 I went to the bank an they said Oh when ipt it in it went up to 1.84 I said I do not care what you put it in at You told me i purchased at 1.62. He would not do anything I calle dhis boss and he made the change..a few month later I recieved my statement that one of my mutual funds had matured in 2 years I lost 2400 dollars and I wen tot hebank again. They said oh yes you purchased a 2 year mutual fund which i have never heard of.I lost 2400 dollars.The guy never called me to tell me it was matured and the remaining balance was just sitting there..I am more furious that they even put a mutual fund in a 2 year fund in which i HAVE never purchased before in 12 years so why would io buy it now.. Is there anything i can do ???? Also to anyone out there watch out when you got o the bank and these guys that work on the investor side they are such crooks and they have no idea really what they are doing.. When i went into the bank and akse dhim whyit even matured a month before the two years were up. His answer was well the fund started a month before i got into it...he said tome im sorry it was my fault...2 mistakes I will not do anything with the bank investor side they rip you off


Jennifer Jolivette   August 1st, 2009 12:43 pm ET

Mr. Clark,
My family really needs help, my husband will be sixty in another month. I am in my forties. Neither one of us have credit. We are renting apartment for 950 a month. At home I have a son in high school, daughter return home from college. Husband cross country trucker, I work at a hospital . husband had heart surjery, medical bills, and i have bills. Recently husband took forty thousands dollars out of 401k. Bought brand new truck. Penality left him with one thousand dollars in the savings. Groceries are three hundred if more a month. His payday advance out of his payroll check. No extra money . I can't do this any more tired crying . He is a proud man . I want to leave something for my children. Please sir help


fletcher white   August 1st, 2009 4:21 pm ET

I am trying to take over the payments on my uncles house. I was working regularly but now I get unemploment and I do work more than half the time. Now I am 1,600 in the hole or two months behind and I've got my 11year old son relying on me. I live in northern California and if nothing else goes wrong I do have a job promiss for October. My quesion is how do I best do things like title insurance and not waste anytime?


CJ Elfont   August 2nd, 2009 7:44 pm ET

Clark,

Watched your show when you recommended going to "Choicetrust.com" to see your personal auto and/or property report – be advised that the message below scared me off and I did not continue – perhaps you should check this out!

I think I'll pass until this one gets resolved.
___________________________________________________
There is a problem with this website's security certificate.

The security certificate presented by this website was issued for a different website's address.

Security certificate problems may indicate an attempt to fool you or intercept any data you send to the server.
We recommend that you close this webpage and do not continue to this website.
Click here to close this webpage.
Continue to this website (not recommended).
More information
_______________________________________________________
Hope you have time to let me know what is going on – Thanks – CJ


Robert Edwards   September 20th, 2009 12:55 pm ET

Clark,I watch your program rather often I do have a question as to I have had my home for since 1998 and have not refinance or use the
equity in my home or been able to do so due to I gotten out of an Bankrupthy about 1 year ago and have been turned down because of
that.Is their anything available that I can apply for under my conditions.


Krishna   September 27th, 2009 11:15 am ET

Hi Clark:
There is a deliquency entry created by a utility company in my credit report. The real problem is , I have found big difference in my utility bill between two months. For example in the Jan 2009 it was just $29.76 and in Feb it went to $87. I have disputed and sent out a complaint public utility commission. I told the gas and electric company to keep the account pending till public utility commission dispose-off my case. But gas/electric company sent to collection agency and they have made report to credit bureau. The problem is I could not get new credit and I do not have job. I want to get some 0% apr credit card. My credit score went down from 785 to 615. Credit comapnies denying credit. I made payment gas/electric company $87 and ask them to remove those deliquency, they have refused to that. I want to remove deliquency from credit report and get new credit. Please help me..
This is urgent.


june   September 27th, 2009 1:33 pm ET

i cant seem to find the on line banking you talked about today can you email it to me,as im not much good at computer thanks clark,great show and help to so many people june bohan


lucky   October 2nd, 2009 10:30 am ET

say i won the lottery i set up a revocation of trust,how much would that cost,who names the trust,me or lawyer,do i go in person to get my winners


Richard L Springer   October 10th, 2009 10:13 am ET

Mr Howard,
my wife passed in 2000,her retirement was turned over to me,after changing all paperwork into my name,i noticed i had lost $50,000,i talked to a money advisor at my federal credit union,i transfered it there,she put it into money markets,but when the economy went caput i lost about $30,000.
i had transfered $100,000 into a fund thats paying me 5% but i have to leave it in for 6 yrs,i've been drawing $2300.00 a month for about 2 yrs.
i need your help,i'm 61 and i would like to retire,i've worked for the federal government for 25 yrs this december 12'th.
Please help me.
Rich!


lori clemens   October 19th, 2009 10:54 am ET

I saw an article on your show this Saturday, 10/17 where you were referring a call in to go to a credit Union. I work for a Credit Union and I was thrilled to hear that you see the value in or industry and support and recommend us to your listeners.

Is there any way that I can view that segment and share your words with my peers? You referred the call in to a Credit Union to utilize a Home Equity product.

Thank you for you follow-up.


Marion   November 15th, 2009 6:14 pm ET

I have a family member that has a 401k with a company he plans to return to when he comes out of in carceration in about a year. His
question, is should he leave it where it is or put the money in a IRA.


Ronnie Chittim   February 6th, 2010 6:30 pm ET

I am trustee for trust that closes in march. Two daughters in 40's inherit approx $40K at that time but their deceased mom did not trust they wouldn't blow the money. She asked it be put in annuity before they inherit so money parceled out. I understand they can cash in annuity. Is there better place to invest it and yet allow them periodic access to it?


james cogar   February 15th, 2010 12:30 am ET

we bough two 4wheelers acoupel years ago now their raising our rates to 19.99% and iam now on ssi and cant afford them now .they were bought through H.S.B.C.credit card .now my question is this? if they were bought through a credit card .dose H.S.B.C.get the 4wheelers back.and sence they wont work something out so i can contenuion to make payments.the if they do get them back they will auction them off. and i still cant pay for them .i think everones greed has runied this country.and beside dont they get to write them off and get a tax credit .there makeing out on both ends its just not fair . but its ok for old vets like me to put our lives on the line for these greedy assholes huh. guss what we get the shaft again hmmmmmmm. must be the AMERICAN WAY HUH... well thanks clark. i know my spelling isent great but i hope you can make this all out and help an old marine vietnam vet pull himself up buy his bootstraps. SIMFLY.


Bob   February 18th, 2010 11:35 am ET

Clark,
I have between 56,000 and 76,000 dollars in debt with student loans and cant afford the payments. I was unemployed for almost a year and then finally got back to work but got laid off due to lack of work load. My loans are in collections and I cant afford even a minimum payment. I dont want to default and feel like I am drowning with no idea what I can do or where to turn..... Could you give me any advice? I would file bankruptcy but from what i understand student loans are not covered. I just want to not be buried and stuck. Any advice would be a huge help.


joe roman   February 19th, 2010 10:28 am ET

howard i have aq question about extended warranty on a 2007 sts cadillac. it costs 1850.00 for 4 years. is this a good or bad investment. my wife no. thank you joe


J G Atwell   March 12th, 2010 12:18 pm ET

I have recently sarting watchng your show and have a question concerning "Debt Consolidation Services" I have talked to two different ones they seem to be about the same, but the legal-ese of their contract worries me. I have to committed to anything and proablely will not, but just wanted your comments. Thanks


G.Ashley   March 26th, 2010 12:15 pm ET

Mr. Howard I worked in the federal government for close to 15 yrs. I have a TSP account set up, which the fed govt. matched me. I have left the govt. job for 5 years now, My TSP is still there but I am now putting money into it because I left my job. So now I would like to roll it over to another retirement accout. I am now working for a small private dental office which does not give me any benefits (very sad) I am now 45 yrs old now. I have saved on my TSP about 29K barely earning interest. Please direct me in the right directtion. Thank you



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About this blog

Clark Howard helps you become a wise consumer. We know you're busy, and that's why Clark's tips are quick and effective. He'll arm you with the information you need to make smart choices. During these tough economic times, Clark wants to help you save more, spend less and avoid getting ripped off!