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How Money Works

Welcome to the How Money Works Podcast with husband and wife team Craig Moser, CFP and Jennifer Moser of Maestro Wealth Advisors. This show will cover all the essential financial and retirement planning elements you need to know to make it to, and through, retirement.

Join us each episode for valuable information on how to avoid some of the common financial pitfalls that others make.

Craig and Jennifer have more than 30 years of experience helping people to retire successfully in the Triad area of North Carolina. Their offices are in Winston-Salem & Greensboro.

If you need any help with your financial or retirement plan, give them a call at 336-448-1086 or visit the website,

Sep 17, 2020

On today’s episode of How Money Works, let’s have some fun and play retirement fact or fiction. Keep in mind, as with many retirement planning scenarios, the answer is not always clear-cut because it depends on your situation.

One common question we get is whether social security can be taxable. Well, it’s a definite maybe. It depends on how much social security you have and whether that number exceeds a certain threshold. If so, then it will start to be taxable income.

“It’s not what you make, it’s what you keep when it comes to social security and where that money is from an account standpoint,” said Craig.

In a utopia, all of your money would be in a Roth IRA.

Another question is whether taxes will be lower in retirement. Again, the answer is maybe, and we explain why in the podcast.

From an insurance standpoint, is it better to get term life instead of whole life? Term is cheaper for a time and is great to use if you’re younger, but whole life can accumulate a cash value. Will whole life keep up with an investment? Probably not, but it will give you another silo of money.

We also talk about whether Medicare will cover most medical needs in retirement and if you should shift from stocks to bonds as you get older. Listen to the full episode or use the timestamps below to jump to a specific segment. Thanks for listening!


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What we discuss on this episode: 

0:34 – Can your social security be taxable?

2:02 – Will taxes be lower in retirement?

4:42 – Is term life insurance better than whole life insurance?

7:29 – Will Medicare cover most medical needs in retirement?

8:43 – Should you shift from stocks to bonds as you get older?