08.06.24 Gen X Retirement / Tax Wisdom For Contract Workers

The Clark Howard Podcast

New statistics showing average 401K balances by generation reveal a trouble spot. Clark focuses on Gen X. Also, if you or someone you know does contract work full time or as a side hustle, Clark has important advice about taxes.

• Gen X Retirement: Segment 1
• Ask Clark: Segment 2
• 1099 Tax Traps: Segment 3
• Ask Clark: Segment 4

Mentioned on the show:

• The Average 401(k) Balance by Age
• Axios: Gen X savings gap
• 7 Best Ways to Save for Retirement in Your 50s
• 30 Easy Side Hustle Ideas
• 7 Things To Know Before You Use Zelle
• 6 Steps To Eliminate Credit Card Debt in 3 Years or Less
• Consumer Cellular Review: 5 Things To Know Before You Sign Up
• Lifeline Support for Affordable Communications
• 1099 Income: Why Prepaying Your Taxes Is More Important Than Ever if You Have a Side Hustle
• A Surging IRS Penalty Is Costing Americans Billions. Here’s How To Avoid It
• Midyear Tax Planning Strategies: Five Things to Do Now
• Here's Your Estimated 2024 Tax Refund Schedule
• What Is a SEP IRA and Who Is Eligible?
• When Should You Get an Accountant To Do Your Taxes?

Clark.com resources

• Episode transcripts
• Community.Clark.com
• Clark.com daily money newsletter
• Consumer Action Center Free Helpline: 636-492-5275

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