01.06.26 Ask An Advisor With Wes Moss - The Clark Howard Podcast Recap

Podcast: The Clark Howard Podcast

Published: 2026-01-06

Duration: 35 minutes

Guests: Wes Moss

Summary

Wes Moss provides listeners with insights into wealth distribution in America and shares strategies for building wealth. The episode also addresses listener questions on financial strategies and investment options.

What Happened

Wes Moss examines the current state of wealth in America using data from the Federal Reserve's Study of Consumer Finances, revealing that about one in three Americans have a net worth of $500,000 or more, and one in five households are millionaires, although much of this is tied up in home equity. To be in the top 10% of net worth, one needs about $2.7 million, while the top 1% requires $11.6 million. Moss highlights the importance of consistent financial habits and suggests that investing $1,000 a month in the S&P 500 over 20 years could grow to $1 million, emphasizing patience and simplicity as key to wealth building.

Joanna from Virginia expresses concerns about job disruptions due to AI and considers financial strategies, prompting Moss to advise maxing out Roth IRAs for their flexibility and tax-free growth. Jamie in Florida is contemplating purchasing a condo for their children in college, with Moss recommending choosing a property that is highly rentable, which correlates with high sellability. Jeffrey from California seeks guidance on selecting a fiduciary and understanding typical wealth advisor fees, leading Moss to outline the six categories of services provided by wealth advisors.

The podcast also touches on the concept of 'next generation millionaires,' emphasizing the significance of financial planning and the power of repetition in saving. Moss underscores the importance of keeping investments straightforward, preferring clear distinctions between equities and bonds. Thomas in Georgia asks about long-dated bonds, and Moss explains how interest rate changes affect bond prices. Stephen in Texas inquires about buffered ETFs, with Moss noting their downside protection but limited upside potential.

Bailey in Texas considers buying out her sister's share of a co-owned home, with Moss advising her to secure a traditional mortgage. The episode provides a comprehensive look at various financial planning aspects, from retirement planning and tax strategy to insurance coordination and small business advisory.

Listeners are encouraged to submit their questions for future episodes and to utilize the Retirement Calculator available on Clark.com. Moss's insights are grounded in the wisdom of the Clark Howard community, offering listeners practical advice for achieving financial freedom.

Key Insights