Special Episode! Full Show: Investing With Wes Moss and Clark Howard
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- Опубликовано: 20 мар 2024
- In this special edition of the podcast, Clark talks with Wes Moss, a fiduciary fee only financial planner and host of the Retire Sooner podcast. Watch as Clark and Wes discuss must-know investing topics and answer your questions. Let us know what you think about this episode with Wes and Clark in the comments below!
All this and more on the March 21, 2024, episode of The Clark Howard Show.
You can check out the Retire Sooner Podcast here: www.wesmoss.com/podcast/
00:43 - Intro
02:00 - Is the Stock Market Overvalued?
05:26 - Ask Wes - Maxing Out 4 Different Retirement Accounts
07:15 - Ask Wes - Investing $500,000 for One Year
10:15 - Ask Wes - Withdrawing From 401(k) Before Social Security
14:10 - Buying Stocks vs. Funds
19:10 - Ask Wes - Target Date Funds or Higher Risk Asset Mix
24:37 - Ask Wes - Buying CDs from Investment Companies
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What a great team. Hope to see another podcast like this in the future. Well done
Wes Moss was a great guest. A couple of the viewers questions I found very relevant to my husband and I . I have a question that I’m going to Ask Clark . Clark and Wes thank you for sharing your financial knowledge.
I love this special edition!
Great content as always Clark! Thanks for all that you do.
Some useful advice. Note that the $250,000 limit on bank deposits is not an issue because the money can be deposited at more than one bank or credit union or in some cases, in different types of accounts in one bank (such as a married couple each having individual accounts and a joint account).
Really good video. Thanks Wes and Clark. I do ETFs because of how easy they are to get a diversified portfolio. My brokerage account is a federal money market fund that pays over 5%. I would like to see more of these videos.
Phenomenal guest! Love this collab!
The market is approximately 3% overvalued. The correct time to buy is always now.
Good Show. Should make Wes a regular contributor
Agree 1000%
I choose ETF and individuals.
23:26 What did I miss?
Suspect for buy treasury funds they may be state taxable. An advantage of getting treasuries through treasury direct is no state income tax.
Hi there: I understand that the $700k savings is simply a common number he has found retired couples have to be able to be in a pretty good spot. Can you please just confirm if you think he meant total net worth or was it just total savings in addition to a home without a mortgage? Thank you so much for all of your valuable information. Very much appreciated!
I live on $2000 a month and can save half of it with discipline!
Good show. Is Wes putting out more podcasts soon?. The most recent I found was Sept/23.
He has episodes through March 14, 2024 on iHeartRadio. Should be the same on other podcast providers. 💚
Thanks, I found it on youtube finally.
Wes is very good when it comes to investing advice. Great show Clark!
It's not a bridge too far. 70 is the correct age.
I love the special deep dive episodes.
Deep dive. Dude its a typical teaser. Its like sneaky infomercial.and NOTHING of value.
@@John1925T You make a valid comment/point. I did catch a few nuggets of wisdom in the video, but I do hope to see deeper dives on these topics. I hate that I do all the work to save my money just to have to overpay someone (financial scam-visor) to tell me how to invest while skimming my account.
We don't ever do any paid appearances or endorsements. It's a firm rule. Thanks for listening. @@John1925T
And "full retirement age" is 70 for everyone.
70 is the maximum age to begin drawing Social Security. In Social Security Administration terminology, full retirement age is 65 for those born before 1943. For people born from 1943 to 1954, the full retirement age is 66. Full retirement age is 66 years and two months for those born in 1955, increasing gradually to 67 for those born in 1960 or later.
@@LarkOfTheWoods which is exactly why ppl can't comprehend that "full retirement age" is 70 for everyone.
wonderful! Thanks!
Great format, Clark and Wes! #BonusTerm - "529er" - Someone who wisely uses 529 accts. Pronunciation guide: Rhymes with "49er." Does NOT rhyme with ''Falcons." Lol. :)
But our alter ego "dirty birds" rhymes! 🤷♂😂 #bonusterm
Very informative
Nice job on this “Special Edition” Clark Howard 👏 . Maybe you & Christa could do a “Special Edition” on Real Estate next (?) .. A great guy- who like you - who has the public’s back- that-you-could -do-an-interview with is: Michael Bordenaro .. both your channels are completely different, but are the same in helping people with their money [but for him his focus is in real estate]… and not getting ripped-off. // Hi also to Christa.. we missed her on this episode. 💚🙏😊✝️🇺🇸
Thanks for the suggestion! 💚
He’s nice. But a little doom & gloom
I like Sachs Realty .
@@donnageitz4701 thanks for sharing .. you’ll have to explain that one.. IMHO he’s definitely NOT gloom and doom- the opposite actually .. Michael is super helpful in how he exposes much of the unethical things that go on in Real Estate .. and like Clark Howard is encouraging all to be debt free .. and how to buy a house and what to look for etc. Clark Howard & Michael Bordenaro would be a great interesting interview.. and I think Michael would be up for that as well .. 💚😊
Almost every time I’ve watch him everything is negative. However he does have good insight into the real estate market. I do like Michael Bordenaro however I have stopped watching him and other RUclipsrs because It makes me feel as if we’re on a economic precipice and will fall into the abyss so deep we will never dig ourselves out . I do think he’s a good person and I would watch if he’s a guest on the Clark Howard show . Maybe it’s me who can’t handle the truth.
You do NOT "invest" money for 1 year.
Lexus is Toyota, right?
Right.
YES! - - - - -en.wikipedia.org/wiki/Lexus
Right! 💚
Is that retirement savings number of $700K per person or for a couple? Thanks!
Also what amount of income are they wanting per year and how much of that amount comes from social security and pension
$700,000 x .045 is around $31,000
Irrelevant. That number has zero meaning.
$700K has zero meaning. You need enough income to pay your expenses and do what you want. Whatever that number is.
Thank you Team Clark and Mr. Moss.
Clark & Co.....can you PLEASE....start making some "shorts" from long video's like this where there are little nuggets strewn throughout - ? - - - -thanks as always for the content! VTSAX & Chill....
“Shorts” are like mini commercials on various topics … lots of people esp. w/ short attention spans & youth too really like them .. it also brings people to your channel for the longer videos .. so it’s probably a smart idea they are doing these shorts. 😜 If you don’t like Shorts then don’t watch them.. it will tell your algorithm you’re not interested in them etc… YT has a lot of options.. but they were originally created to compete w/ Tik T🙃k .
Thanks for the suggestion! We are already active on shorts. We will discuss adding more little nuggets from the full episodes. 💚
Do you not pay attention at all? They are CONSTANTLY clipping these videos and posting them in short segments. It's quite annoying actually.
@@retired8484it’s great giving RUclips channels feedback .. but it’s impossible to please everyone all the time .. maybe just don’t watch the shorts- and the algorithm for you won’t offer them ..?
I never watch anything under 5 minutes.
for me, take social security at 62. leave the money in tax protected account, let it grow or maybe shrink! social security isn't subject to federal income tax, depending on other income situation. which can be a great bonus. do some test tax returns and you'll see if it works for you.
Didn’t work for me. I’ve been a CPA for nearly 50 years. I took SS at 70.
Test tax returns to see what works is a great tip, Clarkie! 🙌
That is a HUGE penalty for life.
If a person decides to wait until 70 for SS but passes away before that age then the money goes poof . From what I understand. It’s gone . So the age to withdraw your social security is a very individual issue.
@@donnageitz4701 Well no kidding, but it's no excuse to claim early just because you're scared. That is a massive lifetime penalty. It's really not individual at all. Unless you are pretty certain that you're going to die early, 70 is the correct age.
Cool to have a guest though I didn’t hear anything different than the usual advice. Not bad just didn’t seem useful.
As a fee-only fiduciary financial planner, Wes Moss can give more specific advice vs our general advice. If you found it to be the same, it's good to hear that our general advice is on par with the industry professionals! 💚
Wonder how HE paid clark to do his pitch.
@@Bob-wm5pz Not a dime. We don't ever take money from anyone who would be on the show, and Clark has never and never will do an endorsement. Thanks for listening! (Christa)
There are many changes my husband and I would have made regarding retirement, but we are where we are now at his age of 74 and I’m 66.
He has his Roth IRA and we have 5 rental properties (7 units) we have one last mortgage on 2 of the rentals combined of $38,000
We are retiring from our 37 yr carpet cleaning business and passing the carpet wand to our family.( that is still in process)
We have a $16,000 loan left on the carpet machine .We’re thinking it should go to the new operator but we’ll see.
We still owe $138,000 on our primary home.($941 month)
We know it will be very difficult to retire and be able to stay here w this mortgage payment.
We’re thinking we should sell as many if not all of our rentals to get 100% out of debt.
My husbands health doesn’t allow him to do repairs etc as landlord anymore.
If we do this we will have very reasonable monthly expenses.
As for catch up investments, will we be able to do that if neither of us are working anymore? 7:53
And why u keep posting same comment.
Yeah and if you take out those 7-10 "overvalued" companies from the s&p, all the gains over the last two decades vanish lol
The magnificent 7
Top-notch!