09.27.22 DEADLINE: Series I Savings Bonds / Ford Changing the Game for Car Buyers

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 27 September 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The clock is ticking on the best inflation investment. Series I Savings Bonds are about to go through a reset in November. Clark explains rates and holding terms. Act now to make inflation work for you. Also, when the free market speaks, industries must respond to survive. Automaker Ford has new rules for anticompetitive dealerships - great news for car buyers. Series I Savings Bonds: Segment 1 Ask Clark: Segment 2 Ford’s new dealership rules: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Barrons.com: Buy I Bonds Now at 9.6%. A New Rate Comes in November. 5 Things To Know About Series I Savings Bonds Best Renters Insurance Companies and Ones To Avoid Should You Buy an Extended Warranty on Your Car? 5 Things to Know About Renting an RV on Outdoorsy RV Rentals - Direct from Local Owners | #1 RV Rental Site Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's my pleasure to welcome you to the Clark Howard Show.
0:08.1	Our mission is to serve you and empower you to make better financial decisions in your
0:13.7	life.
0:14.7	I've talked about why one of the decisions you could make that will help your wallet
0:22.4	is to buy Series I saving Spons.
0:25.5	I'm going to tell you the latest you need to know and important when you should buy
0:31.6	them.
0:32.6	Also, the car industry is being turned upside down and Ford is getting on board with
0:42.0	something that has dealers furious, which means you should be thrilled.
0:47.8	I'm going to tell you what's going on.
0:50.7	I want to tell you in that I want to talk about in today's market, if you are forced
0:58.4	to buy a new car, if that's what happens right now, how you go about that process.
1:08.2	Back in the spring, I set off basically a firestorm trying to get you to buy Series I
1:17.4	saving Spons.
1:22.3	You're allowed to buy 10,000 of these each year per person in your family.
1:28.3	There's another wrinkle that people seldom use where you can have your tax refund go to
1:35.2	buy more than that $10,000 cap up to another $5,000.
1:42.6	Series I saving Spons are something that is somewhat complicated in that what it does
1:50.6	is instead of falling behind the rate of inflation, you get the current rate of inflation.
1:58.0	When we go back to the spring, the rate was set for a six month period at 9.6%.
2:09.0	It's about to go through a reset and it may not feel like it in our wallets, but inflation
2:15.1	has been steadily coming down overall when you look month by month and it's still way
	...

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