0:05

I'm so glad that you're with us here on

0:07

the Clark Howard Show. You know, our mission is

0:09

to serve you with advice and

0:11

information that empowers you so you

0:13

make better financial decisions in your

0:15

life. Today, I'm

0:18

excited to tell you about

0:20

a new movement in financial

0:22

advice. If you're looking

0:24

for a fiduciary to guide

0:26

you in your investing and

0:29

your finances and your planning

0:31

for your future, a new

0:33

method is emerging teensy tiny, but

0:36

it's a new option and

0:38

it could save you potentially money, but

0:41

that's not necessarily what it's about. And

0:44

I want to talk about something else

0:46

later that can cost you big money,

0:48

and that's when you go to the dentist. I

0:51

have some tips for you

0:53

before you sign up for

0:56

extensive and expensive dental

0:58

work. So investing

1:02

is going through a lot

1:04

of evolution, almost to

1:06

revolution, and how

1:09

people invest their money. The

1:12

reality is that investing

1:15

used to be only for the rich. That

1:18

was it. And if you weren't

1:20

rich, there were very, very

1:22

few options available to you because

1:25

even something like an individual

1:27

stock trade, if you wanted to buy

1:29

a stock, you would maybe pay $400

1:31

for a trade. And

1:34

today's dollars, gosh, that might be $2,000 for

1:36

an individual trade. It

1:39

was only for big institutions

1:41

and rich people. And so

1:44

we've been through this transformation

1:46

over time where today stock

1:48

trades are essentially free

1:50

if you go to one of the

1:53

discounters. Free! I mean, that's

1:55

amazing. You buy and sell for nothing. We've

1:57

got all these low-cost investments that I'm...

2:00

of, the exchange traded funds, the index

2:02

funds and yet there's still a

2:04

lot of people in the business clinging

2:07

to old models, old

2:09

methods and I don't need to dwell

2:11

on how much I don't want you

2:13

going to an insurance company to ever handle

2:15

investments for you because their business

2:18

model is all about not

2:20

doing what's in your best interest. They

2:23

will not enter into a fiduciary arrangement with

2:26

you where they are legally required to do

2:28

what's in your best interest. They

2:30

charge big upfront commissions or ongoing

2:32

commissions and then they charge high

2:34

fees for whatever they put you in and

2:37

then the bank based brokerage operations

2:40

not as bad on the curve

2:42

as the insurance companies in my opinion but they're

2:44

on that edge of the curve

2:47

and then you start moving to the other side of

2:49

the ledger and you've got these fee only

2:52

planners that the base model that the

2:54

industry's adopted is 1% of the amount

2:57

of money you give them to handle

2:59

that's what you pay and as

3:02

your assets grow you pay more money and

3:05

as I've said, telling blue in

3:07

the face, you don't need to

3:10

pay somebody 1% to come

3:12

up with a portfolio for

3:14

you. There are all these online

3:16

tools that do a fantastic job

3:19

building portfolios based on your age

3:21

and situation and all that and

3:24

they're much cheaper than that 1%. So

3:27

what if you do want some

3:29

personal attention, you want help

3:31

with portfolio, you want help

3:33

with different planning like

3:36

are you on goal, what are

3:38

your goals? Doing classic

3:40

financial planning and being a

3:42

fiduciary which means that

3:45

they are legally required to do what's

3:47

in your best interest with space brokerages

3:49

don't want to do and the

3:52

insurance companies don't want to do. So

3:55

you now have the option of

3:57

another model. more

4:00

companies than I realized until

4:02

I read a Barron's article recently

4:04

where you can hire somebody

4:06

for a flat fee like you'd

4:09

hire an accountant or a lawyer

4:12

and you pay them an annual

4:14

retainer and it's not

4:16

based on how many assets you have and

4:19

you can pay them the fees

4:21

to vary on how much services

4:23

you want from them. So

4:26

if you are just interested in

4:28

them helping you look

4:30

at what you're doing and telling you yeah

4:32

no maybe you should do this that or

4:34

the other with where you invest your money

4:37

that's gonna be a lower fee but if

4:39

you want tax planning you want to state

4:41

planning you want to deal with making sure

4:43

you're on target for goals all those kind

4:45

of things you're gonna pay more but

4:47

the thing that's interesting about this and

4:50

the philosophy I talked to several of

4:52

these people when I was at the

4:54

Bogleheads Convention speaking last year and I

4:57

listened to the philosophy of

4:59

people doing these flat fees and

5:02

their thing was hey you know what we have

5:04

somebody who comes in with $50,000

5:07

it takes us pretty much the same amount of

5:10

time to advise them if somebody with half a

5:12

million we take somebody with

5:14

half a million compared to

5:16

somebody with a million and a half

5:19

it's still very similar time so why

5:21

would we charge a percent of assets

5:24

we're just selling our time our

5:26

expertise our guidance and advice and

5:29

so this is another model to consider

5:32

but remember this division

5:34

with a difference whether

5:37

you go with a 1% person you

5:39

hire a fiduciary a vanguard for point 3%

5:42

or less you go to

5:44

somebody who's charging flat fees like this always

5:48

they must be a

5:51

fiduciary fiduciary is

5:54

a multi-syllable word I don't do

5:56

well with them but what

5:58

it means and why it's so important for

6:00

your life, your future, and

6:03

your financial security is

6:05

a fiduciary is legally

6:07

required to do what's

6:09

in your best interests.

6:11

Remember the bank-based brokerages

6:14

almost always, the insurance

6:16

companies pretty much always, and

6:19

some of the fee planners

6:22

may not be fiduciaries, which means

6:24

they will sell you stuff that

6:26

gets them the free trip to

6:28

Hawaii, or gets them bigger

6:30

commissions, or helps them win

6:32

the sales contest, or whatever

6:34

that has nothing to do with what's

6:36

best for you. And here's the dirty

6:38

thing you need to know about

6:41

many of the bank-based brokerages. Their

6:44

salespeople, I don't

6:46

call them investment advisors, their salespeople

6:49

will be given notice,

6:51

internal company notice, that

6:54

they're to push this master

6:56

limited partnership, or this private placement,

6:58

or whatever, that's what they're supposed

7:00

to push right now in their

7:02

clients. Why? Because they earn giant

7:05

fees for the bank,

7:08

not for your benefit, for

7:10

the bank's benefit. Be aware,

7:13

even if that's a really nice man or

7:15

woman you're dealing with at the

7:18

bank-based brokerage, almost always,

7:21

even if they wanted to sell you good stuff,

7:23

they may be required to sell you junk.

7:27

Alright, Bill in New

7:29

York says, my wife is being offered through

7:31

her employer a simple IRA with a company

7:33

match of 3%. Her employer

7:36

chose this company, I'm showing you,

7:38

to run the program, it's a big one,

7:40

and they're not fiduciaries. I Have

7:42

been reading a lot of bad news about

7:44

this company, including that they put their financial

7:46

interests first rather than being a fiduciary and

7:48

putting our interests first. Should My wife and

7:50

I take part in this simple IRA when

7:52

we both inherently don't trust and feel comfortable

7:54

with this company as a planned custodian and

7:56

take advantage of the match. or should we

7:58

take advantage of the match? We steer clear

8:00

of this plan and miss out on the match. Of

8:02

a been told with the fees are. On Yes

8:05

says also this can be charges a

8:07

yearly up front loaded see of one

8:09

point three five percent. That never goes

8:11

away. Very high in my opinion. Oh.

8:13

My goodness, I'm I'm. Trying to determine

8:15

if our investment. Will outpace the yearly

8:17

see or not. That's. A

8:19

pretty high. So. You got

8:21

back to to breathe. Then. You

8:23

have all their high seas on

8:25

their fines. And they're not

8:28

a fiduciary. Was. Awesome!

8:31

Wow. More. The merrier?

8:33

a tough one else. so your

8:36

employer. Wasn't trying to hurt

8:38

your wife at all. Because.

8:40

Remember the largest contributor. And.

8:42

Beneficiary of that simple. Is.

8:45

The boss and the key

8:47

people or. Family. Members or

8:49

wherever own the business. So.

8:52

They are really being taken advantage

8:54

of. And by reflection,

8:56

so's your wife, but the

8:58

employer obviously. Cares about

9:00

your wife and the other employees. Are

9:03

they wouldn't be offering the match. So.

9:05

What I would do in this case because

9:08

that is a lousy. Deal.

9:10

For. That her employer has. I

9:13

would put in the three percent. Crap.

9:15

The format. And

9:17

not put any other money. In.

9:20

This simple. And do

9:22

your own investing elsewhere. To.

9:25

Your own Roth Iras You want to put

9:27

more money aside is that if either of

9:29

you are eligible for Hs, say. I'd

9:32

love for you to do and a to say eligible

9:34

plan and find. And. Hs A

9:36

Health Savings accounts if you want to

9:38

do more. Zippy, Much better

9:40

off. In Index Funds was

9:42

one of my low cost favorite children. Then.

9:45

You'd ever be contributing more money

9:47

to this simple. Callen.

9:49

In South Dakota says what is going on

9:52

with Capital One I have a savings account

9:54

and Cds of them. The tempted to open

9:56

a new city on and the process the

9:58

stopped that a screen that said and. The

10:00

call them for more information. I was told

10:02

I could only open the Cd. Over the

10:04

phone. Even though I'll be using money

10:06

from my savings account, I prefer seeing

10:08

transactions online not talking to someone hoping

10:10

they don't make a mistake. Their. An

10:13

online bank, but now we're not allowing

10:15

accounts to be opened online. Capital One

10:17

has both physical branches and some parts

10:19

of the country. And. Online

10:21

only elsewhere. There's. Some

10:24

hiccups: Heroin with your account.

10:27

For. Goes: You can go to tapper

10:29

one sided your celts. They'll be a

10:31

button right there to buy a Cd

10:33

to fund. Or savings killed

10:35

all those things. So. There's something

10:37

going on specifically with your account.

10:40

And. If you're caught up in their

10:42

web of bureaucracy, Thrust, Open

10:45

your Cd somewhere else. their

10:47

of financial institutions paying higher

10:49

rates. Right now than Capital

10:51

One is paying on their Cds. Suggest.

10:54

So we went to way they want

10:56

do what works for you. Which.

10:59

May be establishing. An

11:01

account with her. See these. There's

11:03

almost nothing. It's easy to open

11:05

one somewhere else, open a Cd

11:07

account somewhere else, and fund it.

11:10

Could. Be if it's over ten thousand dollars with a

11:12

flag, it may be. Noted. That

11:14

rule. Will. Have a prepaid

11:16

know the source of funds ramming from

11:18

now. Syria has a capital one. So.

11:22

I don't think it would be anything to do.

11:24

With. The money laundering statutes. Jake

11:27

in Georgia says my wife has student

11:29

loan debt nearly fifty thousand. Dollars but

11:31

has a job but no retirement benefits.

11:33

I. Have fifty five thousand are set aside

11:35

for a home down payment said I use

11:37

some of this made a pay down the

11:40

debt and help for contribute to a Roth

11:42

Ira or sale at the money set. As

11:44

a side note, I heard how Clark Mrs.

11:46

Running and a previous podcast I've been rocking

11:48

which I think it's like having a backpacks

11:51

walking with avoid. A Backpack. Say I was

11:53

we way backpacks for three years now and

11:55

I'm amazed. At how it's helped me feel

11:57

physically. Maybe he should. Give it a try, you

11:59

know I. Like that idea. I see

12:01

people doing exactly where you're doing when

12:03

I'm walking. They're not carrying

12:05

a backpack? Is there hiking the Appalachian

12:07

Trail? They're doing it just as part

12:10

of. Becoming. More fit you

12:12

were awaited. Vast to. About.

12:14

One for my son. The. I

12:16

mean that's very interesting. Jacob minutes and

12:18

see if that's gonna work for me.

12:21

Nuisance: steadily increase the amount of weight.

12:23

You're. Carrying I guess over time. As

12:26

a great success or it melts practices

12:28

you asked about. So this is one

12:30

of those real puzzles because what I

12:33

don't know from what you said. Is

12:35

how soon you are planning to use. That.

12:38

Home down payment money. So.

12:42

If it's really something that's a

12:44

bit away, You. Could take

12:46

money from it. And. Put it

12:48

towards the student loan debt that

12:50

your wife has is that carry

12:52

costs and that fifty thousand student

12:54

loan debt is really bad are

12:56

going Particular: is there any. Private.

12:59

Loans. So. You could

13:01

extinguish a fair amount of that.

13:04

Dare. I say you could even if he

13:06

wanted to if you're not buying a home

13:08

for the next few years. You

13:10

could wipe out the student loan debt

13:12

and then every month. The

13:14

money that would have gone towards the student loans.

13:17

You. Built back up, The.

13:20

Down Payment Help those the down payment

13:22

account is not earning. especially there's a

13:24

private student loans. It's not hard and

13:26

close to the interest. That. You're

13:29

paying for your wife's paying on the student

13:31

loan debt and if you really wanna that,

13:33

you could take out what you put into

13:35

the Roth does not their earnings. Yell

13:38

determine which job. You

13:41

know, I really. I love the

13:43

Roth right? isn't' right? You

13:45

start thinking about. In

13:47

a situation with that much student loan debt.

13:50

Because. Follows you for years and years

13:52

and years and years and it starts

13:54

her qualifications. For. Underwriting

13:56

for the mortgage because that

13:58

ongoing debt. So it's

14:00

all question of how soon. You're.

14:03

Planning to put that down payment on

14:06

the house. So if it's

14:08

really soon, if it's within two years

14:10

now, you really don't have a lot

14:12

of movies do here. But.

14:14

If it is settling down the road.

14:17

Or you're willing to delay at some. In

14:19

order to eliminate that burden of the student

14:22

loan debt. Than. That would

14:24

be a really great priority now

14:26

if the student loan debt. Is.

14:29

Federally so is federal lumps. And

14:32

they carry. Ah, From the

14:34

time your wife was in schools,

14:36

they carry a permanent, really reasonable

14:38

interest rate. Than paying off

14:40

the student loans is a much lower

14:43

priority. what would that rate be? I

14:45

would say if the rate is four

14:47

percent are below have some might say

14:49

for the house somewhere and they are.

14:52

You would have no big

14:54

rush. To. Pay off those

14:57

student loans, But. I did I

14:59

assume at that level of debt. Got

15:01

some private loans hang out

15:03

there with a variable rate?

15:05

They could be really really

15:07

ugly. And. In that

15:09

case, paying off are paying down

15:11

on the student loan balance becomes

15:13

a priority. So the

15:15

big unknown, The big variables I

15:18

don't have. What's. The interest rate

15:20

on the student loans. How much

15:22

is Federal versus private? And.

15:25

How soon. You. Want to buy that

15:27

home? So. Coming up ahead going

15:29

to the dentist. Again next

15:32

week. And I've been going

15:34

to Same Dennis for. Forever.

15:36

I know this Dennis. I know I can trust him.

15:39

But. A lot of times your people move around. they.

15:41

Go. To a new Dennis. Whatever. And

15:44

the tennis will make a lot of suggestions.

15:47

Said. I want to give you. Once.

15:49

Twice three times. Things to think

15:51

about. About what the Dennis

15:53

might recommend that straight ahead. This.

15:56

Podcast has brought you buy progressive insurance.

15:59

most of your list right now are probably

16:01

multitasking. While you're listening,

16:03

you're probably also driving, cleaning, exercising,

16:06

or maybe even grocery shopping. But if you're not

16:08

in some kind of moving vehicle, there's something else

16:10

you can be doing right now. Getting

16:13

an auto quote for progressive insurance. It's

16:15

easy, and you could save money by doing it right

16:17

from your phone. Drivers who save

16:19

by switching to progressive save nearly $750 on average, and

16:21

auto customers qualify

16:24

for an average of seven discounts. Thanks

16:28

for having multiple vehicles on your policy, being

16:30

a homeowner, and more. So just like

16:32

your favorite podcast, Progressive will be with you 24-7, 365 days

16:34

a year, so you're

16:38

protected no matter what. Multitask

16:40

right now. Quote your car insurance

16:42

at progressive.com to join the over

16:44

28 million drivers who trust Progressive.

16:48

Progressive Casualty Insurance Company and affiliates.

16:51

National average 12 month savings of $744

16:53

by new customers surveyed who save with

16:55

Progressive between June 2022 and May 2023.

17:00

Potential savings will vary. Discounts not

17:02

available in all states and situations. Apple

17:04

Card is the perfect cash back rewards credit card. You

17:06

earn up to 3% daily cash

17:08

on every purchase every day. That's

17:11

3% on your favorite products at Apple, 2% on

17:13

all other Apple Card with Apple Pay purchases, and

17:16

1% on anything you buy

17:18

with your Titanium Apple Card or Virtual

17:20

Card number. Visit apple.co.com/card calculator to see

17:22

how much you can earn. Apple

17:25

Card issued by Goldman Sachs Bank USA, Salt

17:27

Lake City branch, subject to credit approval. Terms

17:30

apply. Hey there, Don McDonald from

17:32

the Talking Real Money Podcast. Looking

17:34

for a source of honest consumer-centric

17:36

financial help? While obviously biased,

17:38

I think you'll find that talking real money is

17:40

what you're looking for. My

17:42

co-host Tom and I have spent most of

17:45

our careers helping people like you manage their

17:47

money on radio, TV, and podcasts. Joe

17:50

from Stacking Benjamins and Paul Merriman from

17:52

Sound Investing both love talking real money

17:54

and I'm pretty sure you will too.

17:57

Why? Because We tell the truth about

17:59

saving the money. In investing based on

18:01

decades of academic research. Not

18:03

a bunch of dubious hunches

18:06

or mysterious premonitions talking real

18:08

money as both a valuable

18:10

education. And a lot of fun.

18:12

Plus we answer your questions on almost every

18:14

episode. So if you're looking for a better

18:17

way to manage money and build wealth, Look.

18:19

Up talking real money on your favorite

18:21

podcast service. Like. This one. Ask

18:24

your smart speaker to play talking

18:26

Real Money or go visit us

18:28

online at Talking Real money.com. As.

18:31

I mentioned. I have been

18:33

going to the dentist epic going to for

18:36

a long long time. And if

18:38

I go back and the way back machine

18:40

it was a dentist I started going to

18:42

and high school. This. Was

18:44

fantastic. And then

18:47

he retired. Moved. Away sold

18:49

his practice so I kept

18:51

going to that practice. I

18:54

went twice more. Because. The

18:57

dentist. Who. Had bought the practice.

19:00

Said. Oh will you need this? And you need

19:02

that? You need other and we need to do

19:04

this and that. I was like.

19:06

No. No. I'm I'm not

19:08

prepared to do any of that. Within

19:11

it's was trying to reconstruct my

19:13

mouth it seems. So.

19:15

This was guys. twenty five years

19:17

ago. Made me more. So.

19:20

I went on our search for a

19:22

new dentist. After that found the one

19:24

I've been with. sense and. She's.

19:26

Awesome! Very thorough and has never

19:29

worked at my mouth and said

19:31

oh we got to reconstruct this

19:33

whole thing. I be like that

19:35

that that guy and between was

19:37

like it was like a freeway

19:39

interchange reconstruction job. Every the era's

19:41

gonna redo everything. Here I

19:44

am all these decades later.

19:46

I've that. Cleanings,

19:48

And maintenance and. Repairs

19:50

for things, but nothing gigantic

19:52

I've ever had to do.

19:55

And. You talk to percept a person who. And.

19:57

There can be a range of differences and.

20:00

Police. But. There's also

20:02

people. Who. Will try to run up a

20:04

bill on. That's just a fact. And

20:06

so when I want you to know is

20:08

you like with any other kind of help

20:11

their. Because. I talked about so

20:13

much with medical care but not really

20:15

ever with dentistry less my calls as

20:17

or has a proper whatever we hear

20:20

about it and our team Card Consumer

20:22

Action Center What's happened to somebody? And

20:25

we were talking about this in a meeting

20:27

and sites. That. This is something

20:29

I should point out is not just

20:31

Madison. Know. Traditional medical care,

20:34

dental care to. Second,

20:36

Opinions are really valuable and not

20:38

because you might have a dentist

20:40

who's not ethical might run up

20:42

a bill, which could happen, but

20:44

that's rare. But. They can also

20:46

be. Extreme ranges

20:48

of opinions. About

20:50

how to do something. When.

20:53

There's something ailing you. Or.

20:55

There's some decay or whatever. With.

20:57

Your mouth, with your teeth, with your gums.

21:00

So. Please. When

21:02

you're in that chair. You. Can't talk as

21:05

a of other guys in your mouth or whatever. And.

21:07

The data says oh well. What I recommend

21:10

is you gotta have these eight things done.

21:12

Say. Thank you very much. Tell me

21:14

more about those eight things. And.

21:16

Say you're going to think about it. And

21:19

go get a second opinion everybody knows

21:21

with medicine. Before you go get caught.

21:24

You go get another opinion, right? Why?

21:27

Wouldn't you do that with your mouth?

21:29

Remember dentistry? Even if you

21:31

have dental insurance, dental insurance is pretty

21:33

lame stuff. It hadn't a lot. Zero

21:36

be coming out as your pocket. So.

21:38

You got a dental size medical

21:40

procedure happening in your mouth? And

21:42

he got a procedure going on to

21:45

your wallet to. Toe

21:47

getting that additional stuff and having

21:49

knowledge about what's going on in

21:51

your mouth. That's. Important to.

21:54

Oh that a class citizens from Gary. In

21:56

Mississippi my Lg tells us and recently

21:59

offered a soft update which I initiated

22:01

after the update their a new privacy

22:03

policies were my content via with monetize

22:05

by them I had to accept all

22:08

these new policies or my television was

22:10

inoperable as there any work around. Theory.

22:13

Are going to tell you. My. Wife

22:15

and our dinner. One night a guy

22:18

came over. A was so angry

22:20

about this he was red and

22:22

maasais He was so upset. Bit.

22:25

L G. Veil. Is

22:27

spying on everything you do

22:29

as a customer which is

22:31

be thing. And. See these

22:34

were with L G did your

22:36

own the Tv. They

22:38

did the change of service terms of

22:40

service. And if you

22:42

don't agree to a while they're

22:44

spying, there's no opt out. Your.

22:47

Tv. Even if you bought it a

22:49

month ago, your Tv is now worthless.

22:52

This. Is crazy. Because.

22:54

I can understand. Or

22:56

sage of terms of service. Hey, we're going to

22:59

spy on you and was you say? no. But.

23:01

To then turn your Tv and do a

23:03

brit. I. Just know, at

23:06

some point. The dinner read.

23:08

That. There's a class action. Against

23:11

Cel Janice ago. this them either. We heard

23:13

a while ago from someone I forget. It

23:15

was a different brand a Tv that the same thing to.

23:17

Them so I is. Again if they

23:19

want to say selling me a T

23:21

V forward rights that a you buy

23:24

this T V we're gonna spy on

23:26

you big tub and you have to

23:28

agree to it to buy our Tv.

23:30

That's fine but when I already own

23:32

it are he spent the money to

23:34

buy it isn't to then say. You.

23:37

Agree to let us spy on everything

23:39

you do. And we're going

23:41

to monetize it. That's Not okay.

23:44

And that's a line that Lg

23:46

is crossed that is on acceptable.

23:49

Rent. In Georgia says had was stabbed

23:51

T M's onstar from collecting my data

23:53

and deleting any existing personal. Data.

23:56

So. A bread I have good

23:58

news for you Between were. This.

24:00

First became a scandal

24:02

involving gee, I'm. Behind.

24:05

Your back selling. Your. Driving

24:07

data to in the insurance

24:09

industry and people. Having

24:12

their insurance cancelled or rates race

24:14

based on. T M Spy

24:16

Data. Gm. Now is

24:18

no longer going to do so.

24:21

And. Is to reading. The. Database.

24:24

That. They were selling to the

24:26

insurance industry. So. You

24:28

don't have to do anything now. And

24:31

yes, there's already speaking of

24:34

which there's already a lawsuits

24:36

against to yob. They're.

24:38

Having done this to it's

24:40

customers, What were they? Baking

24:42

soda? In Alaska says I saw

24:44

the podcast Scabs, the newsletter and of

24:47

Semitic Questions before. I appreciate all the

24:49

amazing advice especially from the podcast and

24:51

even the Clark's thinks part an auto

24:53

loan rates saw thing and I'm process

24:56

because I don't want to many her

24:58

inquiries with my cellar credit. Score of

25:00

Eight Thirty five. However, When

25:03

a hard inquiry was made by a

25:05

credit union, the A Pr they originally.

25:07

Offering during the soft inquiry went from

25:09

five point eight nine percent. To six

25:11

point nine percent I had an accent

25:13

track record. Why did this happen? I

25:16

have two mortgages both in good standing

25:18

to that effect The file a Pr

25:20

offer so far. That's. The also

25:23

the first hard inquiry. I'm going against

25:25

courts advice and regards to looking into

25:27

a new car vs used One reasons

25:29

because buying a used car in Alaska

25:32

can be risky, Do the abuse occurred

25:34

takes running in Alaska, hard weather and

25:36

driving conditions. However, I'm sticking to crate

25:38

unions for my loan applications. So

25:41

I I want to tell

25:43

your first row driving in

25:45

Alaska. Is not for

25:47

I've faint of heart. It.

25:49

Is very very tough ruff

25:51

condition so I understand. Why?

25:54

Always used cars have a history is

25:56

vehicles have a history. And.

25:59

That history. In Alaska could be

26:01

much darker than it is elsewhere.

26:03

So how did it go up?

26:05

The point four have a point.

26:08

I. Have no idea in I would

26:10

ask. The. Loan officer at

26:12

the credit unions Ironically enough,

26:14

though, Your. Credit score is.

26:17

Almost. A. Actually,

26:20

Physically. Perfect score Your

26:22

whisker from eight fifty see

26:24

you qualify for their very

26:26

best rates. And I wouldn't think

26:29

that the. Mortgages, You have

26:31

your. Outstanding loan ratios would

26:33

have affected you. On.

26:35

This. So. I.

26:37

Would ask why did you go

26:39

up that amounts. In today's

26:42

market though, Six Point

26:44

Two Nine is a very attractive

26:46

rate. For. Alone. The.

26:48

Auto Market is soft enough

26:51

now at the moment, though

26:53

the Automaker itself. May.

26:55

Offer you a superior rate. To.

26:57

What you could get from a small bank

27:00

or credit union. So. Go.

27:02

Ahead and know that you've

27:04

got. The. Money available to

27:06

you. Check. With your credit

27:08

union see been find out why the

27:10

bump up with the point four o

27:13

of one percent. I. Think you're

27:15

gonna do just fine here. Looking.

27:17

For a vehicle. And. I

27:20

you know I don't know anything. About

27:23

what their competitive environment is like.

27:26

Buying. A vehicle And Alaska you.

27:29

Get. Roped into paying more like people

27:31

do. And Hawaii. Or. If

27:33

the pricing. Or. Vehicles

27:35

is competitive. And. Alaska,

27:38

but I don't think it was fun.

27:40

For. You to walk in you

27:42

know Montana? Wash. Eastern

27:45

Washington State. Whatever. And

27:47

see if maybe there's a much

27:49

better price if you get on

27:51

a new vehicle and one of

27:54

the extreme northwestern states where. You.

27:56

Could take that crazy drive. Back

27:59

up to a. This guy just. Just.

28:01

Wondering spur a read. it will

28:03

be worth doing that. Probably not

28:05

read. I'm just trying to get

28:07

to the first place on the

28:09

vehicle as well. As I

28:12

want to thank you so much

28:14

for joining us today. I hope

28:16

you have a wonderful rest of

28:18

your days of sad what we're

28:20

all about You morning ways to

28:22

save more, spend the last or

28:24

avoid getting ripped off and I'll

28:26

see you tomorrow.