How much money do you need to retire? Fiduciary financial advisor Wes Moss outlines two straightforward methods to determine the amount you'll need for a comfortable retirement. Wes walks you through factoring in income streams like Social Security and pensions, alongside your individual spending goals, to arrive at your target number. Also, "doom and gloom" headlines can often dominate financial news. Should you listen? Wes shares his perspective.
Plus, Christa shares your #AskWes questions and Wes gives his take. All this and more on the February 25, 2025, Ask an Advisor episode of the Clark Howard podcast. Submit your questions at http://clark.com/ask .
00:00 - Intro 00:27 - How To Calculate How Much You Need To Retire 07:42 - Ask An Advisor - Retirement Readiness & Lifestyle – Are we financially ready to retire in 7-10 years? How do we plan a fulfilling retirement? 16:41 - Ask An Advisor - Direct Indexing vs. Traditional Investing – Fidelity suggested Direct Indexing for tax benefits—worth it? 22:54 - Ignore “Doom and Gloom” Headlines 29:35 - Ask An Advisor - Secondary Income Stream – Rental properties vs. dividend ETFs—which is better for $60K/year passive income? 36:09 - Ask An Advisor - Short-Term Investing for Expats – Best options for a 2-3 year investment horizon, including 401(k), low-cost funds, and crypto exposure.
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