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In this episode, fiduciary financial advisor Wes Moss tackles a piece of financial advice that he calls "lunacy" and "insanity" – a recent Op-Ed arguing that retirees should convert their entire Traditional IRA to a Roth IRA in a single year. Wes explains why this academic advice is a dangerous real-world strategy, warning listeners about the potential for a massive tax bill that could reach hundreds of thousands of dollars. Also, Wes addresses a sinister issue in retirement savings: billions of dollars in "forgotten" 401(k) balances. Wes warns that this money is often parked in cash or a low-interest money market, missing out on decades of critical growth. Plus, Christa shares your #AskWes questions and Wes gives his take. All this and more on the December 9, 2025, Ask an Advisor episode of the Clark Howard podcast. Submit your questions: Submit a Question to the Podcast 00:00 - Intro 01:37 - Costly IRA Conversion Warning & the Hidden Billions Americans Are Leaving Behind 09:21 - Ask an Advisor - We have $115,000 in a 17-year-old 529 and expect unused funds. Can we start a Roth rollover while our daughter’s Roth is custodial, should we plan on five years of $7,000 rollovers, and how are these rollovers documented for taxes? (Rich in Nevada) 12:31 - Ask an Advisor - If we retire before claiming Social Security, is there a formula for withdrawing more than 4% early and then reducing withdrawals later once Social Security begins? (Dan in Missouri) 15:21 - Ask an Advisor - When is the right time to cancel term life insurance, and how do we know when we're financially secure enough to drop the policy? (Debby in North Carolina) 18:45 - The Hidden Billions Americans Are Leaving Behind 25:04 - Ask an Advisor - With two years until retirement and access to a guaranteed 7% fixed fund, should I shift more money into that option now, and does the 4% rule still apply for someone with a pension and guaranteed returns? (Patrick in New York) 30:05 - Ask an Advisor - Should we build a three-year “dry powder” bond ETF ladder now, or wait until we’re closer to retirement? (Patti in Arizona) 33:01 - Ask an Advisor - What’s the long-term benefit of investing in small- and mid-cap funds if the strongest companies eventually move into large-cap indexes? (Andrew in Iowa) 35:05 - Ask an Advisor - What home value today is comparable to the $350,000 figure cited in You Can Retire Sooner Than You Think, adjusted for inflation? (Gary in Florida) Clark.com: Advice You Can Trust: SUBSCRIBE: / clark Listen To The Clark Howard Podcast: https://clark.com/podcast Apple Podcasts: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/3lrwhe2... iHeartRadio: https://www.iheart.com/podcast/8-the-... Follow Us for More Money Tips: Website: https://clark.com/ Podcast: https://clark.com/podcasts/ Newsletter: https://clark.com/newsletters/ Instagram: / theclarkdotcom Facebook: / clarkhoward Need Consumer Advice? The Consumer Action Center is a free resource for advice on money and consumer issues. Call 636-49C-LARK (636-492-5275) and a member of Team Clark will assist you as soon as possible. The Consumer Action Center is available Monday-Friday from 10 a.m. to 4 p.m. ET. If you found this video valuable, give it a like. If you know someone who needs to see it, share it. Leave a comment below with your thoughts. Add it to a playlist if you want to watch it later. Our Promise to You: At Clark.com and ClarkDeals.com, we do not get paid for endorsements or reviews of any product or service, nor do we allow advertisers to place paid content on our sites. More information: https://clark.com/ad-disclosure/