Clark Howard

When you hear “estate planning,” your mind might leap to wealthy families, sprawling trusts, or high-stakes tax strategies. But at its heart, one of the simplest, most foundational estate-planning tools is a will — and regular people often overlook it until it’s too late.

In this article, we’ll explore whether everyone should have a will, weigh the benefits and trade-offs, examine real-world complications, and draw on what money expert Clark Howard and Team Clark have long advised.

What a Will Is (and What It Isn’t)

Before diving into whether everyone needs one, let’s clarify what a will does and doesn’t accomplish.

• A last will and testament is a legal document stating your wishes for how your assets (money, property, personal items) should be distributed after death, who should care for any minor children, and who will administer your estate (executor).
• A will can also include “funeral wishes” or directions, though those are often advisory and may require separate documents.
• A will is different from a living will or advance health directive, which pertain to medical decisions if you become incapacitated.
• A will does not avoid probate (in many jurisdictions), though it may guide it.
• A will also doesn’t necessarily govern everything. Certain assets bypass the will via beneficiary designations — e.g., life insurance, retirement accounts, bank accounts with “payable-on-death” or “transfer-on-death” designations. Clark has repeatedly emphasized that these beneficiary designations often “override” what a will says.

So when you ask, “Does everyone need a will?” the better question is: Which parts of your life and assets are you not comfortable leaving to default legal rules?

Why Clark Howard Says a Will Is Important

Clark often frames the need for a will in emotional, practical, and precautionary terms. Below are several key themes he highlights:

Protecting Children and Naming Guardianship

One of the most compelling reasons for Clark: if you have children, a will lets you name who should raise them, rather than letting the state make that decision by default.

“If you don’t have a will, the state decides who raises your kids. No, no, no. You want to make those decisions. You die without a will? Imagine your state deciding who raises your kids.”

This is especially critical in families with minor children, where the emotional stakes of who becomes guardian are high.

Preventing Messy Fights or Default Rules

Without a will, your estate is distributed under default state intestacy laws. That may lead to results you wouldn’t choose — siblings or distant relatives inheriting, or someone you don’t trust gaining control. Clark warns:

“The most common answer I hear from people is, ‘I don’t have anything. Why would I do a will?’ You want to ensure that your assets stay in the family or are given to the appropriate beneficiaries.”

A will gives you control. Without one, you surrender much of that control to legal defaults.

It Doesn’t Have To Be Expensive — but Complexity Matters

Clark often differentiates between simple estates and complex ones:

• If your assets are modest and your family situation straightforward, an online will service may suffice. Options such as WillMaker, LegalZoom, or free ones like Fabric by Gerber Life or FreeWill.
• For more complicated estates (blended families, large holdings, real estate in multiple states, special needs beneficiaries), Clark warns that you need a lawyer specializing in wills, estates, and trusts — and not “just any” attorney.
• He also notes that a will is just a foundation — other planning tools (trusts, advance directives, powers of attorney) often complement it.

Clark is also cautious about overselling more exotic tools (like trusts) when a well-drafted will may serve a family just fine.

Regular Updates, Not “Set and Forget”

Clark stresses that a will should not be written once and forgotten. Instead, you should review it periodically, especially after major life events: marriage, divorce, birth of children, new assets, or relocation across states.

He suggests checking or updating at least every five years — e.g., at birthdays 35, 40, 45 — or whenever a big change occurs.

What a Will Doesn’t Solve (and What Else You Should Consider)

A will is powerful, but it’s not a silver bullet. Even if everyone should seriously consider a will, you should be aware of its limitations and when you might need supplemental tools.

Asset Types That Bypass the Will

As noted earlier, assets with beneficiary designations don’t go through the will. If your IRA names your spouse or children, that designation trumps what the will says about that particular account. Clark warns that many people forget to update those designations after divorce, remarriage, or births, leading to unintended outcomes.

Probate, Delay, and Public Processes

One common concern: wills typically require probate — the court process that validates the will, settles debts, and distributes property. Probate can be expensive, slow, and public. Some states streamline small estates, but in others, probate can be a burden.

In contrast, certain tools (like trusts) can bypass or reduce probate involvement — but at higher setup and maintenance costs. Clark warns against thinking that a trust is always the better route.

Changes in Law, State to State Variability

The legal validity of a will, probate rules, intestacy laws, and estate tax thresholds all differ by state. Also, laws change. A will written in one state might face hurdles if you move. You might need to revalidate or refile, or even redraft under your new state’s laws. A “one-size-fits-all” will drafted carelessly can end up causing as many problems as none at all.

Other Complementing Documents You’ll Likely Need

Even if a will is a must, you’ll often need other documents in a full estate plan:

• Durable power of attorney (financial) — to appoint someone to make financial or legal decisions if you become incapacitated.
• Advance healthcare directive / living will / medical power of attorney — to state medical treatment wishes and appoint someone to speak for you if unable. Clark’s content emphasizes that you shouldn’t assume your spouse or family can speak for you without these instruments in place.
• Trusts — for privacy, probate avoidance, special-needs planning, or complex estates. But not everyone needs one. Clark cautions that trusts are often oversold.
• “Pour-over” wills — in trust-based plans, a pour-over will captures assets not transferred into the trust.

These extra documents help your estate plan handle life while you’re alive (incapacity) and after death in a more seamless way.

So… Does Everyone Need a Will?

Given all that, the short answer is: Yes, virtually every adult with any financial, familial, or custodial concern should strongly consider having a will. But “need” is contextual. Clark’s core message: don’t let “I don’t have enough to worry about” or “it’s too complex” become your excuse to procrastinate.

“[Your estate plan] shouldn’t leave a mess for people who are grieving.”

How To Get Started — Clark Howard’s Practical Tips

If you decide you should have a will (and you likely should), here’s how to approach it.

Inventory Your Situation

• List all assets: bank accounts, real estate, investments, retirement accounts, business interests, and personal items of sentimental value.
• Note which have beneficiary designations (e.g. 401(k), life insurance).
• Consider your family: children, stepchildren, pets, dependents, and possible guardians.
• Think about your liabilities and debts.
• Note your state of residence and whether you own property in other states.

Decide Whether to DIY (Online) or Hire an Attorney

Clark encourages using online tools if your estate is relatively simple. Common tools he cites include:

• WillMaker
• LegalZoom
• Fabric by Gerber Life
• FreeWill

However, if you have complex legal needs — multiple real estate holdings, family disputes, business ownership, blended families, tax concerns — go to an attorney with a focus on wills, trusts, and estates. Clark warns: “not just any old lawyer.”

Draft Thoughtfully and Validly

• Ensure you follow your state’s rules (witnesses, notarization, signing).
• Be explicit in naming beneficiaries, alternate beneficiaries, guardians, executors, etc.
• Coordinate your will with beneficiary designations (so they don’t conflict).
• Consider a “residuary clause” (e.g., “all remaining assets go to X”) to catch anything you forgot.
• Address debts and taxes as needed (in simple estates, you may rely on default rules; in more complex ones, plan for how taxes will be handled).
• Be cautious with language; avoid ambiguity to reduce future disputes.

Store, Notify, and Review

• Store the will in a secure place (safe deposit box, with an attorney, a trusted location).
• Give copies or at least knowledge to your executor/trusted person.
• Review periodically (e.g., every 3–5 years) or when a major life change occurs (marriage, divorce, birth, death, moving, acquiring assets).
• Update beneficiary designations when life events happen (Clark flags this as a frequent mistake).

Consider Additional Documents

Don’t let the existence of a will lull you into complacency. You may need to add:

• Durable power of attorney (financial)
• Advance healthcare directive / medical power of attorney
• Trust(s), if appropriate
• Pour-over will (if you use a trust)

These documents ensure that if you become incapacitated, your affairs are in order, and after death, your plan works smoothly.

Final Thought

At its core, a will is about control — over who inherits, who cares for your children, and how your wishes are honored. Clark doesn’t frame a will as a luxury; he frames it as a practical protection for families and loved ones:

“If you’re an adult, creating a will should be a priority, especially if you have kids.”

Everyone with adult responsibility (especially those with children or assets) should strongly consider having a will. The complexity of your plan may vary, but the underlying necessity doesn’t. A will is the basic building block of estate planning, and putting one in place now can spare your loved ones legal hassles, uncertainty, and heartache later.

The post Does Everyone Need a Will? appeared first on Clark Howard.

Tracfone recently unveiled a new home internet option powered by Verizon Wireless. The monthly plan costs $60, and it’s exclusively available online or in-store at Target.

In this article, I’ll share everything you need to know about Tracfone Home Internet. I’ll include what you’ll get for the price and how it compares to other fixed wireless home internet providers.

Tracfone Home Internet Now Available at Target

Earlier this month, Tracfone (Team Clark’s Review) rolled out a new 5G Home Internet service. Like the company’s cell phone plans, its home internet service is powered by Verizon Wireless’ cellular network. 

Tracfone Home Internet costs $60/month, and it’s a prepaid service. The plan includes unlimited data, which means you’ll never be charged for additional usage. 

According to the company’s website, you can expect typical download speeds between 20-200Mbps. Customers in 4G LTE coverage zones can expect download speeds between 20-50Mbps. Of course, actual download speeds vary based on location, signal strength and network connection.

In addition to the monthly service plan, customers switching to Tracfone Home Internet will need to purchase a special router. The router costs $69.99 upfront, but there are no additional equipment fees.

Currently, Tracfone Home Internet is only available from Target. You can visit Target’s website to purchase the router and service plan online. 

If you are thinking about switching to Tracfone Home Internet, be sure to check your area’s eligibility first by entering your address on the company’s website.

How Does Tracfone Home Internet Compare?

If you aren’t familiar with 5G Home Internet, it’s a type of fixed wireless internet service that uses a nearby 5G cellular signal to provide internet access wirelessly throughout your home. Compared to traditional fiber/cable home internet plans, fixed wireless plans are often cheaper. However, fixed wireless plans are often only available in select areas.

To see how Tracfone’s new 5G Home Internet plan compares, I took a closer look at fixed wireless plans offered by other cell phone service providers. In the table below, you’ll see each service provider’s starting price for home internet as well as expected download speeds.

Provider	Starting Monthly Price	Download Speeds
Mint Mobile	$30 with an eligible cell phone plan $40 without an eligible cell phone plan	133-415 Mbps
T-Mobile	$30 with an eligible cell phone plan & autopay $50 without an eligible cell phone plan, with autopay $55 without an eligible cell phone plan or autopay	133-415 Mbps
Verizon Wireless	$35 with an eligible cell phone plan & autopay $50 without an eligible cell phone plan, with autopay $60 without an eligible cell phone plan or autopay	LTE Home Internet: 25-50 Mbps 5G Home Internet: 25-300 Mbps 5G Home Plus: 50-500 Mbps 5G Home Ultimate: 85-1000 Mbps
UScellular	$39.99 with an eligible cell phone plan & autopay $49.99 without an eligible cell phone plan, with autopay $59.99 without an eligible cell phone plan or autopay	5G+: 50-220 Mbps 5G: 13-90 Mbps 4G: 8-35 Mbps
AT&T	$47 with an eligible cell phone plan & autopay $60 without an eligible cell phone plan, with autopay	90-300 Mbps
Total Wireless	$35 with an eligible cell phone plan & autopay $50 without an eligible cell phone plan, with autopay $60 without an eligible cell phone plan or autopay One-time $99.99 router fee	5G: 20-200 Mbps 4G LTE: 20-50 Mbps
Straight Talk	$35 with an eligible cell phone plan $45 without an eligible cell phone plan One-time $69.99 router fee	5G: 20-200 Mbps 4G LTE: 20-50 Mbps
Tracfone	$60 One-time $69.99 router fee	20-200 Mbps

As you can see, Tracfone’s Home Internet is among the most expensive fixed wireless options. At the moment, Tracfone doesn’t offer any discounts for bundling home internet with a phone plan nor for enrolling in autopay. However, the $60 plan does include a 3-year price guarantee. 

Additionally, a one-time router purchase of $69.99 is required to activate service. While Tracfone’s router is cheaper than Total Wireless’ router, you can save more over time with Total Wireless by enrolling in autopay and keeping an eligible phone plan. Both service providers utilize Verizon Wireless’ network to provide service. 

Although other fixed wireless home internet services are generally more affordable, Tracfone Home Internet may still offer a more cost-effective option than traditional home internet plans. Plus, choosing a fixed wireless service provider relies greatly on what’s available in your area. 

If Tracfone is the only fixed wireless service provider available at your address, you may still save money compared to your current internet provider or other available internet options.

To see if Tracfone Home Internet is available in your area, enter your address on the company’s website.

For more home internet options and information, check out Team Clark’s full guide to fixed wireless internet service.

Are you thinking about switching to Tracfone for home internet service? Let us know in our Clark.com community!

The post Tracfone Introduces 5G Home Internet for $60 at Target appeared first on Clark Howard.

Earlier this week, Mint Mobile launched a new option for 5G Home Internet: MINTernet. Powered by T-Mobile, the home Internet service is available for as low as $30/month.

In this article, I’ll share everything you need to know about Mint Mobile’s new 5G Home Internet service. I’ll include what you’ll get for the price and how it compares to other fixed wireless providers.

New 5G Home Internet Plans from Mint Mobile

Mint Mobile (Team Clark’s Review) offers prepaid cell phone plans that include three months, six months or one year of service. Now, the company is offering prepaid 5G Home Internet plans (called Home MINTernet) in the same increments. 

Customers who bundle their home internet plan with an existing Mint Mobile cell phone plan are eligible for a $10/month discount. However, you don’t need a Mint Mobile phone plan to get 5G Home Internet. Either way, new customers are eligible for an introductory rate when they switch to Home MINTernet and choose the three-month plan.

Below, you’ll see the prices for each home internet plan. I’ve included the introductory rates and renewal prices for customers with and without a bundled phone plan.

Plan Length	Price (with phone plan)	Price (without phone plan)
3 Months	Initial Price: $30/month ($90 upfront) Renewal Price: $40/month ($120 upfront)	Initial Price: $40/month ($120 upfront) Renewal Price: $50/month ($150 upfront)
6 Months	$35/month ($210 upfront)	$45/month ($270 upfront)
12 Months	$30/month ($360 upfront)	$40/month ($480 upfront)

Like Mint Mobile’s cell phone plans, its new 5G Home Internet service is powered by T-Mobile’s 5G network. 

Each plan includes unlimited data; however, customers using over 1TB/month may notice slower speeds during congestion. Typically, you can expect download speeds between 133-415 Mbps. Typical upload speeds fall between 12-55 Mbps. 

Additionally, there are no extra equipment fees with Mint Mobile’s 5G Home Internet. When you sign up for service, you’ll receive all necessary setup equipment, including a 5G gateway device, via free expedited shipping. Of course, the gateway device must be returned if your service is cancelled or terminated to avoid a non-return fee.

Mint Mobile also claims that setup is fast and easy. According to the press release, “In most instances, go from box to browsing in 15 minutes or less.”

If you’re thinking about trying out Mint Mobile’s new 5G Home Internet service, check your eligibility online by entering your home address. Mint Mobile also offers a 14-day money-back guarantee on its 5G Home Internet plans, which means you’ll have two weeks to test out the service before deciding to commit.

To learn more about Home MINTernet, visit the company’s website.

How Does Mint Mobile’s 5G Home Internet Compare?

If you aren’t familiar with 5G Home Internet, it’s a type of fixed wireless internet service that uses nearby 5G cellular signal to provide internet access wirelessly throughout your home. Compared to traditional fiber/cable home internet plans, fixed wireless plans are often cheaper. However, fixed wireless plans are often only available in select areas.

To see how Mint Mobile’s new 5G Home Internet plan compares, I took a closer look at fixed wireless plans offered by other cell phone service providers. In the table below, you’ll see each service provider’s starting price for home internet as well as expected download speeds.

Provider	Starting Monthly Price	Download Speeds
Mint Mobile	$30 with an eligible cell phone plan $40 without an eligible cell phone plan	133-415 Mbps
T-Mobile	$30 with an eligible cell phone plan & autopay $50 without an eligible cell phone plan, with autopay $55 without an eligible cell phone plan or autopay	133-415 Mbps
Verizon Wireless	$35 with an eligible cell phone plan & autopay $50 without an eligible cell phone plan, with autopay $60 without an eligible cell phone plan or autopay	LTE Home Internet: 25-50 Mbps 5G Home Internet: 25-300 Mbps 5G Home Plus: 50-500 Mbps 5G Home Ultimate: 85-1000 Mbps
UScellular	$39.99 with an eligible cell phone plan & autopay $49.99 without an eligible cell phone plan, with autopay $59.99 without an eligible cell phone plan or autopay	5G+: 50-220 Mbps 5G: 13-90 Mbps 4G: 8-35 Mbps
AT&T	$47 with an eligible cell phone plan & autopay $60 without an eligible cell phone plan, with autopay	90-300 Mbps
Total Wireless	$35 with an eligible cell phone plan & autopay $50 without an eligible cell phone plan, with autopay $60 without an eligible cell phone plan or autopay One-time $99.99 router fee	5G: 20-200 Mbps 4G LTE: 20-50 Mbps
Straight Talk	$35 with an eligible cell phone plan $45 without an eligible cell phone plan One-time $69.99 router fee	5G: 20-200 Mbps 4G LTE: 20-50 Mbps
Tracfone	$60 One-time $69.99 router fee	20-200 Mbps

As you can see, Mint Mobile now offers one of the cheapest fixed wireless home internet services available. This applies to both Mint Mobile phone plan customers and those who do not wish to bundle their cell phone and home internet plans.

With Mint Mobile’s 5G Home Internet, you also won’t have any additional equipment charges. Alternatively, Straight Talk Wireless and Tracfone require a separately purchased router that costs $69.99. Total Wireless also requires a home internet router that costs $99.99.

Finally, when it comes to performance, Mint Mobile and its parent company, T-Mobile, offer some of the fastest typical download speeds. In fact, Verizon’s 5G Home Plus plan ($45 bundled with autopay; $70 regular rate) and 5G Home Ultimate plan ($60 bundled with autopay; $85 regular rate) are the only two plans with access to faster download speeds.

Ultimately, if you’re looking for ways to reduce your home internet bill, Mint Mobile’s new 5G Home Internet could be an excellent choice. To get started, visit the company’s website to see if your address is eligible for service.

For more home internet options and information, check out Team Clark’s full guide to fixed wireless internet service. 

Finally, visit Mint Mobile’s website to learn more about the company’s home internet and cell phone plans. You can also read my full review of Mint Mobile here.

Are you thinking about switching to Mint Mobile for home internet service? Let us know in our Clark.com community!

The post Mint Mobile Introduces 5G Home Internet From $30/Month appeared first on Clark Howard.

The stock market has been on a tear. The S&P 500 has surged approximately 75% since the end of 2022. When markets are soaring like this, people naturally tend to check their investment balances and calculate their net worth more frequently. If you’ve been doing the same — logging into your 401(k), tallying up your accounts, and wondering how you stack up — you’re not alone.

But here’s the challenge: The most reliable data on American household net worth comes from the Federal Reserve’s Survey of Consumer Finances (SCF), which is only published every three years. The latest survey was conducted from February 2022 through April 2023 (and released in October 2023), making the data nearly two and a half years old at the newest.

Given the significant market gains since the data was collected, we wanted to provide updated estimates of where net worth benchmarks likely stand today.

Money expert Clark Howard doesn’t think you need to obsess about your net worth — especially relative to others — but he does think you should calculate your net worth at least once a year to know where you stand.

Understanding the Data Source

The Federal Reserve’s Survey of Consumer Finances is the gold standard for understanding wealth distribution in America. Conducted every three years, this comprehensive survey captures detailed information about household assets, debts, income, and demographics across thousands of households nationwide.

The survey reveals important realities about wealth in America: average net worth figures can look impressive but are often skewed by ultra-wealthy households. The median net worth — the middle point where half of households have more and half have less — tells a more relatable story for most Americans. That’s why we focus on median figures in this analysis.

What’s Changed Since the Data Collection

Several major factors have reshaped household wealth since the survey period (February 2022 – April 2023):

Stock Market Performance

The stock market has delivered exceptional returns since the survey data collection period ended in April 2023. The S&P 500 surged 75% since the end of 2022.

For households with substantial retirement accounts or investment portfolios, this means significant wealth gains. A household with $200,000 invested in stocks in April 2023 could have seen that grow to roughly $320,000 by late 2025, assuming market-average returns.

However, these gains have been unevenly distributed. Wealthier households with larger investment portfolios have benefited most, while those with minimal stock exposure have seen more modest changes to their net worth. The “Magnificent Seven” tech stocks (including Apple, Microsoft, Amazon, Alphabet, Meta, Tesla, and Nvidia) drove more than half of market returns, particularly benefiting those invested in technology-heavy portfolios.

Real Estate Values

Home values, which represent the largest asset for most middle-class households, have generally increased since the survey period, though with significant regional variation. This has boosted home equity for homeowners, but it has also made homeownership less accessible for first-time buyers. The impact varies widely by location, with some markets seeing double-digit appreciation while others have remained flat or declined.

Estimated Net Worth by Age in 2025

Based on stock market performance, real estate trends, and inflation impacts, here’s where median household net worth likely stands today compared to the 2022-2023 survey data:

Age Group	2022-2023 Median Net Worth	Estimated 2025 Median Net Worth	Estimated Change
18-24	$10,222	$11,000 – $11,500	+8% to +12%
25-29	$31,470	$34,000 – $36,000	+8% to +14%
30-34	$88,631	$96,000 – $102,000	+8% to +15%
35-39	$138,588	$151,000 – $163,000	+9% to +18%
40-44	$134,382	$146,000 – $158,000	+9% to +18%
45-49	$213,586	$234,000 – $253,000	+10% to +18%
50-54	$266,140	$293,000 – $319,000	+10% to +20%
55-59	$321,074	$354,000 – $385,000	+10% to +20%
60-64	$392,860	$434,000 – $471,000	+10% to +20%
65-69	$393,480	$433,000 – $472,000	+10% to +20%
70-74	$438,700	$479,000 – $526,000	+9% to +20%
75-79	$338,180	$368,000 – $399,000	+9% to +18%
80+	$327,200	$354,000 – $383,000	+8% to +17%

Important Notes:

These are estimates based on broad market trends. The actual change depends heavily on individual circumstances, investment allocation, and geographic location. Households heavily invested in stocks may have seen gains exceeding these ranges, while those with minimal investments may be at the lower end or below.

Median net worth estimates suggest increases of roughly 10-20% for households with significant investment portfolios, while households with minimal stock market exposure may have seen more modest gains of 5-10% (primarily through home equity and general savings).

Key Insights by Life Stage

Young Adults (18-34)

Even with market gains, younger households typically show the smallest absolute dollar increases in net worth because they have less invested capital to grow. Many are still paying down student debt and building their first emergency funds. However, percentage gains can be meaningful as they establish their financial foundation.

Mid-Career (35-54)

These age groups often see the most dramatic wealth building. They’re in peak earning years, have accumulated retirement savings that benefit from market gains, and may have substantial home equity. The combination of continued contributions and investment growth compounds powerfully.

Pre-Retirement (55-64)

These households typically reach their highest net worth levels, benefiting from decades of saving and the recent market surge. Many have paid off mortgages and are maximizing retirement contributions in their final working years.

Retirement Age (65+)

While retirees benefit from market gains on their portfolios, they’re also beginning to draw down assets. The estimates reflect this balance between investment growth and spending needs.

What This Means for You

Remember that these figures are snapshots in time and include wide variations. Your net worth journey is personal and depends on factors including:

• Your career trajectory and income growth
• Geographic location and cost of living
• Student loan burden and other debts
• Family circumstances and obligations
• Inheritance and family support
• Investment choices and market timing
• Health expenses and unexpected setbacks

Rather than fixating on comparisons, use these benchmarks to:

• Assess your trajectory: Are you moving in the right direction, even if you’re not at the median yet?
• Set realistic goals: Understanding typical wealth accumulation patterns can help you establish achievable targets for your age and circumstances.
• Identify opportunities: If you’re significantly below your age group’s median, consider reviewing your budget, increasing retirement contributions, or exploring ways to boost your income.
• Maintain perspective: Even if you’re ahead of the median, remember that retirement security requires continued discipline and planning. Market gains can reverse, making consistent saving habits essential.
• Consider your allocation: The recent market surge has disproportionately benefited those with stock investments. If you’re heavily weighted in cash or have minimal retirement savings, you may have missed these gains—a reminder of the importance of staying invested for the long term.

The most important number isn’t where you rank compared to others — it’s whether your net worth is growing and putting you on track to meet your own financial goals. Use these benchmarks as reference points, not judgments, and focus on the financial habits that will serve you well regardless of market conditions.

The post Net Worth by Age: Where Do You Stand in 2025? appeared first on Clark Howard.

If you like saving money on groceries, Aldi is the place to shop. This discount grocer features rock-bottom prices on the most popular grocery items as well as organic meats, milk and specialty cheese.

In addition to its fantastic prices on all your favorite grocery items, Aldi features special deals each week in its Aldi Finds ad. This week’s ad features deals on kitchen items, cozy pajamas and more.

These items are available in limited quantities while supplies last, so you’ll want to shop early to get the best selection! If you’re an Instacart+ member, you qualify for free curbside pickup and delivery on orders of $35 or more. This includes Aldi’s middle aisle items!

Note that start dates of the ad may vary slightly by location, but you can input your zip code here to find the exact date these items will be available at your store. See all the deals at Aldi this week here!

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Save With the Best Deals From “Aldi Finds” Available Right Now

Crofton 12-piece round spice jars with Bamboo lids for $4.99

Keep your spices organized and visible! Compare them to $29.95 for a similar item at Williams Sonoma. 

Kirkton Bamboo spice rack pantry organizer for $9.99

You can stack your spice jars onto your spice rack! This expandable organizer is similar to one at Target for $25.

Ladies Pointelle pajama set for $12.99

These comfortable pajamas will keep you cozy at a great price! Compare to a similar set on sale at Soma for $34.99.

Crofton 6-quart copper and stainless steel pasta pot for $34.99

This pot is both handy and beautiful! The included strainer in the lid makes this a two-in-one kitchen product. Compare to a similar one at Wayfair for $69.95.

4-pack Men’s boxer briefs for $9.99

These boxers are only $2.50 a piece! Compare to another good deal at 32 Degrees for $15.99.

Ladies warm-lined clogs for $7.99

Find them in men’s styles as well! Compare to a similar style at Crocs for $59.99.

Crofton 2 pack tea towels for $4.99

Find a variety of whimsical tea towels. They would make a great hostess gift! Target offers a 2-pack for $8.

Kirkton House 30-pack velvet hangers for $9.99

These space-saving hangers are gentle on clothes! You can find another 30-pack at Wayfair for $18.28.

Crofton Sourdough starter kit for $9.99

It’s time to get your culinary adventures on! Find a similar starter kit at The Home Depot for $30.54. 

Kirkton House 2-piece chenille bath rug set for $14.99

These skid-resistant rugs are machine washable! You can find them in multiple colors. Compare to $20.00 for a similar set at Target.

For even more great deals and discounts, sign up for the Clark Deals daily newsletter!

The post The Best Deals of Aldi’s Middle Aisle in October appeared first on Clark Howard.

I’ve been doing this long enough to know that when it comes to holiday travel, timing is everything. But this year, even I needed to adjust my thinking. New data from Google Flights (backed up by travel blogs and industry trackers) tells us that the “sweet spot” for booking Thanksgiving, Christmas, or New Year’s travel in 2025 is shifting.

Let me walk you through what I’ve learned — and how you can use it to your advantage.

Booking 2025 Thanksgiving and Christmas Flights

A few weeks ago, I answered a listener saying, “Clark, am I already too late to book Thanksgiving? What about Christmas or New Year’s?” At that time, I gave what I thought was solid advice. But then Google released aggregated flight-booking data, and it tells a subtly different story.

Based on Google’s multi-year trends, the lowest fares for Thanksgiving 2025 tend to show up about 35 days before departure.

That’s a bit later than I had been warning people. For Christmas and New Year’s, the sweet spot seems to be 51 days out, which is still earlier than some folks assumed, but a bit closer in than past years.

So yes — the book-sooner rule still holds in many cases. But the “sooner” has shifted somewhat, especially for Thanksgiving.

Which Day You Fly Matters (Just as Much as When You Book)

Even if you hit the booking window, your choice of departure date and return date can make or break savings — especially around Thanksgiving.

Over Thanksgiving, the “rush days” are typically the Tuesday/Wednesday before and the Sunday/Monday after. Those are among the most expensive travel days. If you can, avoid those days entirely.

Use a one-way fare calendar when you search. Book your outbound trip using the cheapest single-leg day, then separately book your return. That often surfaces more savings than insisting on a round-trip search locked to fixed dates.

For Christmas/New Year’s, the travel window is more spread out. So comparing dates via one-way pricing is even more useful.

As always, flying Monday through Wednesday tends to be cheaper than weekend flights — in some cases, around a 13% savings.

Also, don’t shy away from layovers. In many cases, a connecting flight can save you 20-25% compared to nonstop routes.

Holiday Booking Game Plan

Here are a few tips to approach booking holiday travel:

• Set price alerts early. Use the Google Flights fare tracker to alert you when your itinerary goes on sale.
• Use one-way searches first. Find the cheapest outbound day and return day. Then see if a round-trip can match or beat that.
• Be flexible on routing or layovers. If you can save 20% by adding a connection, consider it — unless it introduces too much risk.
• Avoid the absolute peak travel dates. Even if it costs one extra night off work or a little inconvenience, avoiding the Tuesday/Wednesday before Thanksgiving or the Sunday/Monday return is often worth it.

Final Thoughts

These windows and behaviors are guidelines, not guarantees. Airlines can shift pricing with little warning.

If your trip is less flexible (for example, you have to fly on a specific date), don’t wait until the last possible second. Use alerts and monitor daily.

If you follow these strategies, you’re not guaranteed to get the absolute lowest fare, but you’ll dramatically improve your odds of not overpaying. Safe travels and smart booking!

The post When To Book Your 2025 Holiday Flights appeared first on Clark Howard.

Every year around this time, I get flooded with questions from people on Medicare or approaching Medicare age — and almost all the marketing they’re seeing is for Medicare Advantage.

That’s not an accident.

Insurance companies and salespeople push these plans like crazy because they make big commissions when they sign you up for an Advantage plan instead of traditional Medicare. These plans have become so common that about half of all Medicare participants are now enrolled in them.

I’ve called them “Medicare Disadvantage” plans for years — and I know that offends some people. I’ve heard from listeners who love their Advantage plan and have had great experiences. If that’s you, consider yourself lucky — like “you should buy a Powerball ticket” lucky.

But for many people, these plans come with big tradeoffs that you don’t see in the commercials.

Why Medicare Advantage Looks So Good — at First

When you first hear about Medicare Advantage, it sounds like a great deal. You might get:

• A free gym membership
• Dental, vision, or hearing coverage
• Other little “bonus” perks

It’s easy to think, “Why would I pay more for traditional Medicare when I can get all this?”

But here’s what’s really going on: Advantage plans limit your choice of doctors and hospitals, and often require prior authorizations before you can get care. In other words, the insurance company — not you — decides what’s covered and where you can go.

That’s how they make money.

With traditional Medicare, you get to choose your doctors and hospitals. You don’t have to ask for permission to get care. You’re the boss. You can also buy a Medicare supplement (Medigap) plan that helps pay for what Medicare doesn’t cover.

It’s a simpler system that gives you control — and that’s worth a lot when you’re sick and need care fast.

Why This Year’s Enrollment Period Matters More Than Ever

Right now, during the Medicare Advantage open enrollment period, a lot of plans are quietly cutting back on benefits.

The reason? Many insurance companies overspent on those “free” extras and are now pulling back. So, if you automatically re-up with your current plan without reviewing the details, you could lose benefits or find your out-of-pocket costs going up.

If you’re in an Advantage plan, this is the time to:

• Compare what’s changing for 2025.
• See if another Advantage plan has better coverage or a broader network.
• Consider switching if your doctors or hospitals are being dropped.

And in a small number of states, you might even be able to switch back to traditional Medicare without a medical exam. But in most states, once you’ve joined an Advantage plan, it’s hard to get out later because of medical underwriting rules.

When Advantage Plans Can Really Let You Down

The moment most people regret enrolling in a Medicare Advantage plan is when they face a serious illness. That’s when they find out:

• They can’t go to the specialist they need.
• They can’t get approval for a certain treatment.
• Or they can’t access a top hospital that could help them.

When the chips are down, that’s when the “disadvantage” part of the name really shows up.

Final Thought

If you’re happy with your plan, great — but don’t just assume everything’s staying the same. Take the time to review your coverage and compare options this enrollment season.

Medicare decisions are among the most important financial and healthcare choices you’ll make in retirement. Make sure you’re getting what’s best for you — not what’s best for the insurance companies.

The post Medicare Advantage Warning: Read This Before You Auto-Renew appeared first on Clark Howard.

In a routine yet impactful update, the Internal Revenue Service (IRS) released its annual inflation adjustments for tax year 2026, affecting over 60 tax provisions. This announcement, detailed in Revenue Procedure 2025-32, reflects the agency’s efforts to keep pace with rising costs by tweaking income thresholds, deductions, credits, and exclusions. While the core tax rates remain unchanged, these adjustments aim to prevent “bracket creep” — where inflation pushes taxpayers into higher brackets without real income growth.

For most Americans, the changes will mean slightly higher thresholds for deductions and credits, potentially reducing tax liabilities for those in middle-income brackets. However, high earners and investors should pay close attention to shifts in capital gains rates and business income deductions. Below, we break down the key updates, organized by category, to help you plan ahead for filing in early 2027.

Standard Deductions: A Modest Boost

One of the most straightforward changes comes in the standard deduction, which allows taxpayers to subtract a fixed amount from their income without itemizing. For 2026, these figures rise modestly from 2025 levels, providing a buffer against inflation.

These increases — about 2.5% on average — align with the chained Consumer Price Index (CPI) used by the IRS. For couples filing jointly, the doubled standard deduction underscores the ongoing suspension of personal exemptions (still at $0 since the 2017 Tax Cuts and Jobs Act). Taxpayers who typically itemize (e.g., for mortgage interest or state taxes) may find the standard option more appealing if their deductions don’t exceed these new floors.

Federal Income Tax Brackets: Same Rates, Different Thresholds

The seven marginal tax rates — 10%, 12%, 22%, 24%, 32%, 35%, and 37% — stay the same, but the income thresholds expand to account for inflation. This means more income will be taxed at lower rates, offering relief to wage earners facing higher living costs.

Here’s a breakdown for common filing statuses (all figures are for taxable income):

For single filers, the top 37% bracket now kicks in at $640,600 — up from $609,350 in 2025 — giving high earners a bit more breathing room. Middle-class families, particularly those filing jointly, will see the 22% bracket extend further, potentially saving hundreds of dollars in taxes.

Long-Term Capital Gains and Qualified Dividends: Favorable Shifts for Investors

The preferential rates for long-term capital gains (assets held over one year) and qualified dividends see their thresholds inflated as well. These adjustments could keep more gains in the lower (or zero) rate buckets, especially for retirees or moderate-income households relying on investment income.

Estates and trusts get a smaller bump: 0% up to $3,300 and 15% up to $16,250. With stock markets volatile and real estate prices climbing, these higher thresholds might encourage more tax-efficient selling strategies in 2026.

Don’t forget the 3.8% Net Investment Income Tax (NIIT), which applies to high earners (MAGI over $200,000 single/$250,000 joint) on top of these rates — unchanged but worth noting for planning.

Qualified Business Income (QBI) Deduction: Support for Entrepreneurs

Self-employed individuals and pass-through business owners (like LLCs and S-corps) benefit from the Section 199A deduction, which allows up to 20% off qualified business income. The phase-out thresholds for high earners rise, preserving the full deduction for more taxpayers.

Above these levels, the deduction tapers for specified service trades (e.g., law, medicine). This adjustment could save small business owners thousands, especially amid ongoing economic pressures.

Other Key Adjustments: Credits, Exclusions, and Limits

The IRS sprinkled inflation tweaks across various provisions, from family credits to retirement savings. Highlights include:

• Earned Income Tax Credit (EITC): Maximum credit rises to $8,231 for families with three or more children (from $8,046). However, the investment income cap tightens to $12,200 (from $11,600), disqualifying more claimants with side investments.
• Child Tax Credit: Increases to $2,200 per qualifying child (up $200), with up to $1,700 refundable — a boon for parents.
• Adoption Credit: Maximum non-refundable credit hits $17,670 (up $390), plus $5,120 refundable.
• Alternative Minimum Tax (AMT) Exemptions: $90,100 for singles (phases out above $500,000); $140,200 for joint filers (above $1,000,000).
• Estate and Gift Taxes: Basic exclusion jumps to $15,000,000 (from $13,990,000), while the annual gift exclusion holds at $19,000.
• Foreign Earned Income Exclusion: $132,900 for expats (up $2,900).
• Flexible Spending Accounts (FSAs): Employee contribution limit to $3,400 (up $100).
• Medical Savings Accounts (MSAs): Self-only deductibles range from $2,900 minimum to $4,400 maximum.

Notably absent from adjustments: Lifetime Learning Credit phase-outs ($80,000–$90,000 single; $160,000–$180,000 joint) and student loan interest deduction limits ($2,500 max, phasing out at $85,000–$100,000 single).

What This Means for You and Next Steps

These inflation adjustments, while incremental, add up to real savings—potentially $500–$2,000 for the average household, per IRS estimates. Yet, with the 2017 tax law set to expire after 2025, whispers of broader reforms loom large. Taxpayers should consult professionals for personalized advice, especially if leveraging investments or business structures.

The post IRS Announces New Tax Brackets and Other Changes for 2026 appeared first on Clark Howard.

It is no secret that money expert Clark Howard loves shopping at warehouse clubs to save money. His love of Costco is widely known — he even named one of his dogs Kirkland Signature after their store brand. However, he is also a huge fan of Sam’s Club. In fact, there are several reasons that Clark believes Sam’s Club is superior to his beloved Costco, including their membership cost, Scan & Go^TM technology, and excellent customer service.

As a superfan of Sam’s Club myself, I love using the website to discover new products every month. Although the nearest Sam’s Club is 35 miles from my home, that doesn’t stop me from getting deals. I enjoy the in-person shopping experience at Sam’s, but I typically order online and use my Plus Membership to get free shipping on qualifying orders of $50 or more.

New Products at Sam’s Club This Month

Each month, I will take a look at the newest Sam’s Club products. Similar to my monthly Costco roundup, most items will be under $100. However, if I find a particularly good deal or hot find, I will let you know. 

Remember: Sam’s Club products are not guaranteed to be there from month to month, so if you discover a new product that you can’t live without, be sure to snag it.

Member’s Mark Pre-Lit Ceramic Cat Halloween Candy Bowl

Why I chose this:

With Halloween a few weeks away, this is the perfect dispenser to leave candy out for the trick-or-treaters, grandkids, or yourself! This bowl features color-changing lights and can hold up to 5 pounds of candy! This candy bowl comes with three AAA batteries so you can start the party right out of the box. If cats aren’t your thing, Sam’s also sells a mummy pre-lit candy bowl. 

Sam’s is selling both in-club and online for the same price $24.97.

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Fall Big Bulbs

Why I chose this:

I saw these at my club recently and wanted to share them with the gardeners in the audience. Sam’s is now selling a wide variety of bulbs for planting. These are great to plant now and be ready by spring. I spoke to an associate who told me these are region-specific, meaning my availability may not be available elsewhere, and vice versa. Stores receive plants that will grow ideally in their region. 

My club was selling these bulbs for $18.97, and they were an in-store-only item. 

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Tramontina 9.5” Enamel Cast Iron Bread Oven

Why I chose this:

Checking out the product in person, it seemed very easy to use and could make bread-making a snap. It is made with porcelain enamel, which makes cleaning a breeze. The design allows for even heat distribution and can be used in the oven up to 450 degrees. It does come with a lifetime warranty! Be sure to check out the customer images online. 

The bread oven comes in 4 colors and is priced the same at the club and online—$ 47.94.

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Realtree Men’s Fleece Hoodie

Why I chose this:

I am a fan of the Realtree brand, and when I saw these in my Sam’s Club, I knew I had to include them. Why do I like them? For the price, they pack extreme comfort. These are made from a super-soft blend of Better Cotton Initiative cotton and recycled polyester. The fit is relaxed, and the kangaroo pocket is quite comfortable. 

The price is $14.98 both in-club and online. Walmart sells the same one for $23.99.

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Life Hacks 2026 Day-To-Day Calendar (Paperback)

Why I chose this:

Some people (including myself) do enjoy receiving a calendar for Christmas. Sam has many calendars to choose from, which is the perfect jump-off point for holiday gift-giving. This particular one is chock full of valuable tips, such as “Parking in a city at night? Find a spot in front of a bank. This will be the most lit up and will have security cameras everywhere.” 

This day-to-day calendar costs $10.98 and is sold both online and in-club.

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Member’s Mark Autumn Squash Soup, 32 oz., 2 pk. 

Why I chose this:

Who doesn’t love a good bowl of soup on a fall day? While I have not had this particular soup due to its newness, I have had other Member’s Marks soups, and they have all been outstanding. This blend of butternut squash and pumpkin puree contains no artificial colors or flavors and is ready in 6-7 minutes!  

This is an in-club-only item that sells for $9.86. 

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Member’s Mark 3 Pack Organic Sleep and Play

Why I chose this:

I rarely highlight children’s clothing, but this one caught my attention as a new item for October. The reviews are flawless, and you receive three outfits for the price! These are made from ultra-soft, 100% organic cotton rib, with a snug fit. There are six color options and seven sizes to choose from. 

This is available in-club and online for $14.98. 

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Member’s Mark Medium Roast Fall Flavored Coffee Pods, Variety Pack, 60 ct. 

Why I chose this:

With the holidays coming up and the hustle and bustle on, make it a little less stressful by grabbing a box of fall-flavored coffee pods. Everyone has their own unique taste when it comes to coffee, and Sam’s has checked all the boxes with a pod for everyone. Spend more time trimming the turkey and less time grabbing multiple coffee pod boxes. This box contains a mix of salted caramel mocha, pecan praline, cinnamon sugar, and vanilla chai—something for everyone.

This is being sold in-club and online for $19.98. At roughly $0.33 per pod, this is a fantastic deal. 

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Hallmark Holiday Wrapping Paper Bundle, 4 pk. 

Why I chose this:

The holiday gift-giving season is fast approaching. I wanted to give an advanced notice of new items that are holiday-appropriate. Sam’s is selling these four packs of Hallmark wrapping paper. Each roll is 62.5 sq ft. The wrap is recyclable and made from responsibly sourced materials. Each bundle comes with four rolls, and there are six bundles to choose from, giving you an assortment of 24 rolls to help pinpoint your unique tastes and audiences.

The price is $11.96 online and $9.96 in-club. 

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Member’s Mark 5’ Pre-Lit Santa Countdown Calendar

Why I chose this:

One of the coolest new items I have ever seen in person was illuminated at my local club. This remote-controlled display counts down from 60 days to 0 days, is illuminated by 482 LED lights, and includes 4 yard stakes. Oh yeah, this can be used indoors or outdoors! 

The price of $119.96 is the same online and in-club.

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Final Thoughts

This is just the tip of the iceberg for the month of October. Thousands of new items are available online at Sam’s, and the list is updated daily. 

Be sure to check back every month as we update this list with our new favorite finds. 

Can’t wait until next month? You can find even more great Sam’s Club deals at Clark Deals right now.

The post 10 Best New Products at Sam’s Club in October appeared first on Clark Howard.

Real estate has long been a cornerstone of wealth building, but you don’t need to be a millionaire to get started. Whether you’re looking for passive income, long-term appreciation, or portfolio diversification, there’s likely a real estate investment strategy that fits your goals and budget.

Here are seven ways to invest in real estate, ordered from most hands-on to most passive.

1. Short-Term Vacation Rentals

Platforms like Airbnb and VRBO have made short-term vacation rentals a popular investment strategy. You purchase a property in a desirable location and rent it out to travelers by the night or week.

Best for: Investors in tourist-heavy areas who can achieve higher nightly rates than traditional rentals, or those who want to use a vacation home personally while generating income.

Pros:

• Higher income potential than long-term rentals (often 2-3x per month)
• Flexibility to block off dates for personal use
• Premium rates during peak seasons and events

Cons:

• Much more time-intensive than long-term rentals (constant guest communication, cleaning coordination, restocking)
• Income is seasonal and unpredictable
• Many cities have regulations or bans on short-term rentals
• Higher operating expenses, including frequent cleaning, supplies, insurance, and platform fees (3-15%)

Key considerations: Clark Howard emphasizes that vacation rentals are significantly more demanding than long-term leases: “Airbnb is not equal to doing a long-term lease because you have a lot more expenses involved with constant turnover of tenants. There tends to be more maintenance that’s going to be required and potential repairs.”

Income can be lucrative but requires intensive management, including guest communication, coordinating cleaning between stays, restocking supplies, handling booking platforms, and marketing your property. Clark advises that your business model must work at 50% occupancy or higher to generate reliable income.

Many cities and HOAs have restrictions on short-term rentals, so research local regulations before investing. You may also face higher insurance costs and more wear and tear on the property.

“If you’re buying an investment property to use as a short-term rental, make sure the math still works if you had to switch it to a long-term rental. You want to at least break even — or better — even under that scenario.”

2. Long-Term Rental Properties

Buying property to rent out on a long-term basis is one of the most traditional real estate investments. This includes both single-family homes and multifamily properties like duplexes, triplexes, and apartment buildings.

Best for: Investors who want direct control over their investments and are willing to actively manage properties or hire property management.

Pros:

• Direct control over your investment with tax benefits through depreciation
• Build equity while tenants pay your mortgage
• Predictable monthly income with long-term leases
• Leverage allows you to control valuable assets with less money down

Cons:

• Requires significant upfront capital (20-25% down payment)
• Tenant management, maintenance, and repair responsibilities
• Not liquid—can take months to sell if you need cash
• Vacancies mean zero income from that property

Key considerations: Clark uses a “1% rule” for evaluating rental properties: the monthly rent should equal at least 1% of the property’s value to be considered a solid investment. For example, a $300,000 property should generate at least $3,000 per month in rent.

Single-family homes typically require a 20-25% down payment for investment properties and attract families looking for stable housing. They’re easier to finance and sell but provide income from just one tenant.

Multifamily properties spread your risk across multiple units — if one tenant moves out, you still have rental income from others. Properties with 2-4 units can qualify for residential financing, while buildings with 5+ units require commercial loans. They often provide better cash flow and are more efficient to manage since all units are in one location.

Clark notes that managing rental properties is equivalent to having a job: “You have to deal with repairing them. You have to deal with recruiting tenants. You have to deal with a tenant maybe not paying rent.”

3. House Hacking

House hacking means living in a property while renting out a portion of it to offset your housing costs. This could mean buying a duplex and living in one unit while renting the other, renting out bedrooms in your single-family home, or building an Accessory Dwelling Unit (ADU) on your property.

Best for: First-time investors who want to reduce or eliminate housing costs while building equity and learning real estate investing.

Pros:

• Lowest barrier to entry (as little as 3-5% down with FHA loans)
• Rental income can cover most or all of your mortgage
• Learn landlording firsthand with lower financial risk
• Easy to manage since you’re on-site

Cons:

• Reduced privacy with tenants nearby or in your home
• Must be comfortable being an on-site landlord
• May outgrow the living situation as life changes
• ADU construction can be expensive upfront ($100k-$300k)

Key considerations: This is one of the most accessible ways to start real estate investing. You can purchase with a lower down payment (as low as 3-5% with FHA loans) since you’re owner-occupying, and the rental income can cover part or all of your mortgage payment.

ADUs (also called granny flats, in-law suites, or backyard cottages) provide a separate living space for tenants while maintaining your privacy. Many cities are relaxing zoning laws to encourage ADU construction.

The main downside is sharing your property with tenants, though ADUs and duplexes offer more separation than renting out bedrooms. This strategy requires you to be comfortable being a landlord while living on-site, but it’s an excellent way to start with minimal capital.

4. Real Estate Limited Partnerships (RELPs)

A RELP involves a general partner who finds, acquires, and manages real estate investments, while limited partners provide capital but have no management responsibilities or control.

Best for: Accredited investors seeking passive real estate investments with professional management.

Pros:

• Completely passive — no management responsibilities
• Access to larger, institutional-quality commercial deals
• Professional expertise in managing your investment
• Cash distributions during holding period plus profits at sale

Cons:

• High minimum investments (typically $25,000+)
• Very illiquid — money often tied up for 5-10 years
• Must be an accredited investor (income $200k+ or net worth $1M+)
• Fees can be significant (2-3% annually plus profit sharing)

Key considerations: These typically require substantial minimum investments of $25,000 or more. As a limited partner, you have no say in day-to-day decisions and limited liquidity — your money may be tied up for 5-10 years. However, you benefit from professional expertise and can access larger commercial deals without any management responsibilities.

RELPs are generally marketed privately, often to accredited investors. If you work with a financial advisor, they may have access to offerings.

5. Real Estate Crowdfunding

Online platforms allow investors to pool money together to invest in real estate projects, from residential developments to commercial properties. You can invest in individual properties or diversified portfolios.

Best for: Investors who want to diversify across multiple properties with relatively small amounts of capital.

Pros:

• Very low minimums (as little as $10 on some platforms)
• Access to institutional-quality deals previously unavailable to small investors
• Passive investment with professional management
• Open to non-accredited investors on many platforms

Cons:

• Highly illiquid — money typically tied up for 3-7 years
• Fees vary widely and can be high (1-4% annually)
• Platform risk if the company fails or changes terms
• Limited track record for newer platforms

Key considerations: While Clark understands the appeal of crowdfunding platforms for those wanting real estate exposure without property management, he has reservations about the high fees these companies often charge. He notes that these platforms “often charge high fees and lock up your money for years at a time,” and that “boring is better when it comes to long-term investing.”

Minimum investments typically range from $10 to $25,000, depending on the platform and whether you’re an accredited investor.

Popular platforms include Fundrise (minimum $10) and Yieldstreet (minimum $10,000).

6. Real Estate Investment Trusts (REITs)

REITs are publicly traded companies that own and operate income-producing real estate. When you buy REIT shares, you’re investing in a company’s portfolio of properties without directly owning any real estate. They trade on stock exchanges just like regular stocks.

Best for: Investors wanting real estate exposure without property management, with the ability to buy and sell easily.

Pros:

• Highly liquid — buy and sell instantly during market hours
• Low minimum investment (cost of one share, often $50-200)
• High dividend yields (required to pay out 90% of income)
• No maintenance, tenant, or property management hassles

Cons:

• Subject to stock market volatility
• No direct ownership tax benefits like depreciation
• Dividends taxed as ordinary income (not qualified dividends)
• Sensitive to interest rate changes

Key considerations: REITs are highly liquid — you can buy and sell shares instantly during market hours. They’re required by law to distribute 90% of taxable income to shareholders as dividends, making them attractive for income investors. You can invest with as little as the cost of one share (often $50-200).

Popular individual REITs include Prologis (PLD) for industrial warehouses, Realty Income (O) for retail properties, American Tower (AMT) for communications infrastructure, and Public Storage (PSA) for self-storage facilities.

7. Real Estate ETFs and Mutual Funds

Real estate exchange-traded funds (ETFs) and mutual funds invest in a basket of many different REITs and real estate company stocks, providing instant diversification across the entire real estate sector with a single purchase.

Best for: Investors wanting the broadest possible real estate exposure with maximum simplicity and liquidity.

Pros:

• Maximum diversification (50-150+ REITs in one purchase)
• Extremely low fees (expense ratios often 0.07-0.40%)
• Most liquid option — trade anytime like stocks
• Simplest approach — no research on individual REITs needed

Cons:

• No control over which REITs are included
• Less targeted exposure — can’t focus on preferred sectors
• No direct ownership tax benefits
• Lower dividend yields than individual REITs due to diversification

Key considerations: Clark, a long-time real estate investor himself, strongly recommends this approach for most people. His advice on real estate investing emphasizes limiting fees, minimizing risk through diversification, and taking a long-term approach. He thinks most people who want to invest in real estate should focus on low-cost, well-diversified REIT index funds or ETFs.

These funds hold dozens or hundreds of different REITs, spreading your investment across multiple property types and geographic locations. They trade like stocks with very low expense ratios (often 0.07-0.40%). You get immediate diversification without researching individual REITs.

Popular real estate ETF examples include Vanguard Real Estate ETF (VNQ) with 150+ REITs and a 0.13% expense ratio, Schwab U.S. REIT ETF (SCHH) with 120+ REITs and a 0.07% expense ratio, and Real Estate Select SPDR Fund (XLRE), which holds only S&P 500 REITs with a 0.08% expense ratio.

Which Real Estate Investment Is Right for You?

The best real estate investment depends on your available capital, time commitment, risk tolerance, and investment goals.

If you’re willing to put in the work and want maximum control, long-term rentals or house hacking offer the best starting points. If you want passive income with minimal involvement, REITs and real estate ETFs provide easy access to real estate returns. Crowdfunding and RELPs fall somewhere in between, offering passive investing with potentially higher returns but less liquidity.

For most investors, Clark’s recommendation is clear: Focus on low-cost, well-diversified REIT index funds or ETFs. While they may not be as exciting as “get rich quick” real estate schemes, they offer the diversification, low fees, and liquidity that make them suitable for the vast majority of people.

Remember that all real estate investments carry risk. Do thorough research, understand the costs involved, and consider consulting with a financial advisor before making any major investment decisions.

The key is to start somewhere. Real estate investing has created wealth for countless individuals, and with these diverse options, there’s a strategy that can work for nearly any budget and lifestyle.

The post 7 Ways To Invest In Real Estate appeared first on Clark Howard.