The Clark Howard Podcast 09.30.25 Ask An Advisor With Wes Moss
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Sep 30, 2025 Discover why a 30-minute financial conversation with family can drastically reduce anxiety in times of crisis. Wes introduces the 0.01% Rule, a clever way to spend without regret. He also discusses the surprising statistic that nearly half of Americans lack a written financial plan. Explore the implications of withdrawing more than 4% from a paid-off home and the pros and cons of the Buy-Borrow-Die strategy for retirees. Plus, Wes offers insights on whether to keep TSP funds or roll them over to Vanguard.
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Sudden Loss Exposed Financial Blindspots
- Wes relays a friend's emergency after her husband died unexpectedly and the surviving spouse panicked about lost income and not knowing finances.
- A 30-minute conversation about key accounts and income could have prevented weeks of anxiety.
Hold A Short Annual Money Briefing
- Do have a 30- to 60-minute annual conversation with your spouse that lists major income sources, account locations, and login access.
- Do create a one-page summary or shared document with passwords and key contacts for your executor or trusted person.
Planning Gap Drives Retirement Anxiety
- Nearly half of Americans lack a written financial plan and most fear running out of money more than death.
- That gap explains why simple documented conversations greatly reduce anxiety for retirees and spouses.