The Clark Howard Podcast 07.08.25 Ask An Advisor With Wes Moss
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Jul 8, 2025 
Wes Moss, a fiduciary financial advisor and author of 'What the Happiest Retirees Know', shares crucial insights on retirement planning. He warns listeners about a significant Roth 401(k) rollover mistake related to the 5-year rule that could lead to big losses. Wes also shares heartwarming wisdom drawn from a couple's retirement journey, highlighting essential keys to a happy retirement. Additionally, he tackles listener questions, providing valuable strategies for optimizing Social Security and navigating market fluctuations for financial stability.
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Avoid Roth IRA 5-Year Rule Blunder
- If you only have a Roth 401(k) and no prior Roth IRA, opening a new Roth IRA means you face the 5-year rule before tax-free withdrawals on gains.
- To avoid this, open a Roth IRA early and let it age 5 years before rolling over your Roth 401(k).
Rebalance IRA Stock Holdings
- Limit any single stock to about 10% of your IRA portfolio to avoid excessive risk from overconcentration.
- Rebalance by trimming holdings that exceed this threshold during periodic account reviews.
Social Security Fairness for Police Pensions
- The new 2025 Social Security Fairness Act removes government pension offset and windfall elimination provision penalties for public servants.
- Police officers with state pensions should no longer lose spousal Social Security benefits due to these offsets.