The Fed just cut rates. What does this mean for your money? Wes breaks down what the latest Fed rate cut means for your personal finances. He discusses how a drop in rates impacts everything from mortgage rates and the housing market to your investment portfolio. Plus, Wes shares his insights on the biggest financial fear for many Americans and offers a simple solution to gain clarity and peace of mind.

Plus, Christa shares your #AskWes questions and Wes gives his take. All this and more on the September 23, 2025, Ask an Advisor episode of the Clark Howard podcast. Submit your questions: https://clark.com/ask

00:00 – Intro
00:50 – What a Fed Rate Cut Means for Your Money
09:28 – Ask an Advisor – What’s the best long-term account for a small business owner to grow profits saved in a low-interest checking account? (Karen in Wisconsin)
14:13 – Ask an Advisor – Is it better to reinvest dividends into the same stock or take cash and invest elsewhere? (John in Rhode Island)
16:33 – Ask an Advisor – What’s the smartest strategy for handling backdoor Roth contributions without losing the benefit of dollar-cost averaging? (Michelle in Oregon)
20:34 – #1 Financial Fear (and How To Beat It)
28:53 – Ask an Advisor – Can I keep contributing to a Roth IRA in retirement if my spouse still has W-2 income? (Jeffrey in Virginia)
30:39 – Ask an Advisor – If I start 72t withdrawals from an IRA at 55, can I still contribute to a 401(k) after getting a new job? (Jason in Florida)
33:09 – Ask an Advisor – Are high-yield, income-producing ETFs like QQQY a safe strategy for retirement income, or are they too good to be true? (Jonah in Florida)

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