The Clark Howard Podcast 09.16.25 Ask An Advisor With Wes Moss
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Sep 16, 2025 
Wes Moss, a fiduciary financial advisor dedicated to helping people retire happier, dives into the five pillars of investing, offering clarity on managing investments in both prosperous and challenging times. He reveals strategies to potentially pay 0% on long-term capital gains due to recent tax law changes, emphasizing the shift from the 4% to the 4.7% withdrawal rule. Listeners’ questions lead to insightful discussions about investment approaches for young savers and the importance of choosing reliable investment custodians.
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Behavior Anchors Investment Strategy
- Time, patience, and behavior bind the other investing pillars together.
- Emotional discipline is as essential as the math of portfolio construction.
Diversify ESPP Proceeds Beyond S&P 500
- Diversify company stock from an ESPP into broader funds rather than only S&P 500.
- Use equal-weighted or international funds or add an international fund within your current fund family.
Use 4% As A Flexible Starting Point
- Use the 4% rule as a starting guideline but remain flexible with spending.
- Consider the updated research (4.15% rounded to 4.7%) and adjust withdrawals when conditions allow.