The Clark Howard Podcast 02.25.25 Ask An Advisor With Wes Moss
5 snips
Feb 25, 2025 
Wes Moss, a fiduciary financial advisor and retirement expert, shares practical methods to determine how much you really need to retire comfortably. He emphasizes the importance of calculating income sources like Social Security and pensions alongside personal spending goals. The discussion also tackles how fear-mongering headlines can skew financial perspectives, promoting a long-term view instead. Plus, Wes answers listener questions, offering insights into navigating financial anxiety amid troubling news.
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Calculate Retirement Savings
- Calculate your retirement needs by subtracting guaranteed income (Social Security, pensions) from your estimated spending.
- Multiply the resulting gap by 25 to determine the retirement savings needed.
Plan Retirement Activities
- Start planning your retirement activities now, don't wait.
- Test out various hobbies and interests to discover fulfilling core pursuits.
Direct Indexing Advice
- Direct indexing can be beneficial for taxable accounts due to tax-loss harvesting.
- Keep costs low (0.1-0.3%) and consider it only for after-tax investments.
