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Podcast: The Clark Howard Podcast
Episode: 50-Year Mortgage: Game Changer or Gimmick? & the Key to Winning a 401(k)
Description: 50-Year Mortgage: Game Changer or Gimmick? & the Key to Winning a 401(k)
Wes Moss dives into the new 50-year mortgage, which he calls a gimmick but sees one potential benefit. Since ownership is key to financial security and the median home-buying age is rising, the concept of starting the equity journey sooner is good. However, Wes and Christa talk about a huge warning if you’re considering it. Also, Wes shares a powerful story about the key to winning your 401(k). The story illustrates a real-life outcome for many Americans, emphasizing how a few years' delay or a...