Full Show: Crucial Financial Conversation Everyone Needs To Have Now And Brand New Money Rule | Clark Howard Video

When is the last time you talked to a family member or loved one about your finances? Wes shares an important financial conversation warning that stems from a tragic and immediate crisis. Wes explains how a simple, 30-minute conversation could have prevented weeks of crippling anxiety – and what you need to do ASAP to prepare yourself and your family. Also, there’s a brand new money rule of thumb: The 0.01% Rule. Clark's listeners are famous for their frugality, but Wes argues there's a tipping point where we spend too much energy worrying about small expenses. This mathematical rule helps you decide when to open your wallet without regret.

Plus, Christa shares your #AskWes questions and Wes gives his take. All this and more on the September 30, 2025, Ask an Advisor episode of the Clark Howard podcast. Submit your questions: link

00:00 - Intro
02:13 - Crucial Financial Conversation Everyone Needs To Have NOW
11:08 - Ask an Advisor - Is there a life cycle mutual fund option with protections similar to the TSP once RMDs begin? (Kim in Massachusetts)
13:41 - Ask an Advisor -With $1.2 million saved, no debt, and a pension covering 75% of my salary in retirement, do I need a financial planner or can I stay the course on my own? (Maria in Delaware)
16:34 - Ask an Advisor - Are UTMA accounts the best place for my daughters’ extra savings beyond their 529 college plans? (Jason in Michigan)
21:17 - Brand New Money Rule
27:00 - Ask an Advisor - Does paying off a primary residence justify adjusting the 4% rule upward to 5% or more in retirement? (Amy in Arkansas)
29:50 - Ask an Advisor - Who is a good candidate for the “buy, borrow, and die” strategy, and what risks should be considered? (Alex in Georgia)
33:58 - Ask an Advisor - With Roth conversions and low-cost funds available both in TSP and at Vanguard, what factors should guide whether to keep money in TSP or move it out? (Greg in Florida)

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