The Clark Howard Podcast 06.17.25 Ask An Advisor With Wes Moss
29 snips
Jun 17, 2025 
Wes Moss, a fiduciary financial advisor and author of 'You Can Retire Sooner Than You Think,' shares invaluable insights on early retirement strategies and the joy of post-career life. He breaks down the Rule of 72(t), explaining how to access IRA funds penalty-free before age 59½. Wes also reveals key findings from his research on joyful retirees, highlighting that engaging in meaningful activities and maintaining social connections greatly enhance happiness. Plus, he answers listener questions, providing tailored financial advice for a fulfilling retirement.
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Early IRA Access Rule 72(t)
- Use IRS Rule 72(t) to withdraw IRA funds early without a 10% penalty.
- You must take equal periodic payments for at least five years or until age 59½, whichever is longer.
IRA to 401(k) Rollovers and Roth Advice
- Consider rolling your IRA funds into your 401(k) if the 401(k) offers better options or lower costs.
- Since you're over 59½, you can withdraw without a 10% penalty, so consider starting a Roth IRA for tax diversification.
Maintain Reserves for Market Volatility
- Keeping some money in safe, liquid reserves, like $300,000, helps manage market volatility.
- Slowly reinvest excess reserves into growth funds while maintaining balance for better long-term investing.
