AI Summary
5 min readYour first sentence should be a specific, memorable, or surprising detail from the episode — a quote, a number, a vivid story beat. NOT a meta-description like "This episode covers..." or "The hosts discuss..." or "In this conversation about X..."
Here is the opening line: "What world can any investment pay you forty percent? The answer is no world."
In this rapid-fire Ask an Advisor special, financial planner Wes Moss fields listener questions on high-yield savings accounts, daycare costs, inheritance planning, and more. The conversation is grounded in the psychology of financial worry and the practical mechanics of making money work harder without chasing gimmicks. Moss, a Certified Financial Planner, emphasizes that a good plan and education do more to calm investor anxiety than any product or rate-chasing strategy ever could.
The Case for Brokerage Money Market Funds Over Bank Savings
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What you'll learn
- 1 (01:28) **Rapid Fire: High-Yield Savings vs. Brokerage Money Market** - Wes advises a caller on whether to chase bank rates or consolidate at a brokerage.
- 2 (02:48) **Rapid Fire: Investing Extra Cash vs. Saving for Future Daycare** - A young high-earning couple asks whether to invest $2,000/month or stockpile cash for upcoming daycare costs.
- 3 (05:10) **Wes Explains: Mega Backdoor Roth vs. Backdoor Roth** - A quick, clear breakdown of these two advanced retirement strategies.
- 4 (06:47) **Rapid Fire: Should You Plan for an Expected Inheritance?** - A caller asks how to factor a known future inheritance into their financial plan.
- 5 (09:26) **Rapid Fire: The Danger of Ultra-High Dividend ETFs (25-40% Yield)** - A caller asks about ETFs paying seemingly impossible dividend yields.
- 6 (11:04) **The Therapist Side of Financial Advising** - Wes discusses how much of his client work involves managing worry versus pure math.
- 7 (16:26) **Rapid Fire: 529 Glide Path for a Child Starting College Next Year** - A "Tiger Mom" asks how to adjust a 529 plan's allocation as college nears.
+ Full timestamped outline available in the app
Guests on this episode
Show Notes
In this special episode, fiduciary financial advisor Wes Moss answers your top questions on high-yield savings accounts, college planning, investing for grandchildren, preparing for retirement, and more. Whether you’re dealing with falling savings rates or trying to navigate high-yield dividend options, Wes breaks down the practical strategies you need to keep your money working for you.
Mentioned on the show:
- Where Should You Keep Your Cash Reserve? - Clark Howard
- Backdoor Roth IRA: How High Earners Can Still Contribute
- The Biggest Investing Lesson From Trump Accounts - Clark Howard
- Best 529 College Savings Plans By State
All this and more on the August 25, 2026, Ask an Advisor episode of the Clark Howard podcast. Submit your questions: WesMoss.com/ask
Discover the research-backed path to a happier retirement – pre-order The Retire Sooner Method by Wes Moss today at retiresoonermethod.com
We hope you enjoy our weekly Ask An Advisor episodes. Let us know what you think in the comments!
Learn more about Wes:
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