The Clark Howard Podcast 12.02.25 Ask An Advisor With Wes Moss
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Dec 2, 2025 Explore the intriguing 50-year mortgage debate, with Wes Moss labeling it a potential gimmick yet highlighting its unique benefits. Discover why home ownership matters more than ever in today's economy. Wes shares a compelling story illustrating how small changes in 401(k) savings can lead to significant retirement outcomes. Plus, dive into the pros and cons of Robinhood Gold and whether claiming Social Security early is a smart move. It's packed with insightful financial advice and real-life scenarios!
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Ownership Drives Financial Stability
- Homeownership remains a key driver of financial stability, and starting the equity journey earlier matters.
- A 50-year mortgage could help marginal buyers begin building equity sooner, even if it has trade-offs.
Compare 50-Year Vs 30-Year Carefully
- Avoid assuming a 50-year mortgage is a big payment saver because savings are often modest.
- Compare payments, likely higher rates, and slower principal paydown before choosing one.
Long Amortization Raises Early Equity Risk
- Longer amortization meaningfully reduces principal paid early, increasing risk if you move or prices fall.
- That can leave borrowers more exposed during downturns or short ownership periods.