Full Show: Should You Withdraw 5% From Retirement Accounts? and How Corrections Impact the Market
If you think about the most important fundamental in retirement planning, it’s determining the amount of money we can withdraw and still not run out. Fiduciary financial advisor Wes Moss discusses the longstanding 4% rule and runs the numbers on the probability of running out of savings if you bump it to a 5% withdrawal rate – or more. Also, it’s never fun to watch our portfolios drop. Wes walks us through historical corrections and why we shouldn't panic.
Plus, Christa shares your #AskWes questions and Wes gives his take. All this and more on the April 1, 2025, Ask an Advisor episode of the Clark Howard podcast. Submit your questions: link
00:00 - Intro
05:56 - Full Show: Should You Withdraw 5% From Retirement Accounts?
09:57 - Ask an Advisor - Chip in Texas – Should I take Social Security at 70 for the full amount plus spousal benefits, given my wife won’t qualify on her own? Our family has a history of longevity.
13:45 - Ask an Advisor - Andy in Idaho – Should I leave some funds in tax-deferred accounts to take advantage of standard deductions after 73, rather than converting everything to Roth?
16:50 - Ask an Advisor -Patrick in Massachusetts – Should I wait until year-end to decide whether to donate my company stock (if up) or sell for tax-loss harvesting (if down)?
19:47 - How Corrections Impact the Market
27:59 - Ask an Advisor - Sriram in Washington – How should investors protect their portfolios given the S&P 500's top-heavy concentration? Is passive investing causing this? Will future returns match historical averages?
33:39 - Ask an Advisor - My spouse and I max out our Roth 401(k) and HSA, both in a single Schwab Target Date fund (2055). Is this enough diversification?
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