How Money Works

Before meeting with an advisor for the first time, people often Google "questions to ask a financial advisor" and come in with a list of questions that they find. Are these good questions? Is there anything different you should ask? And what answers should you look for?   Read more and get additional financial resources here: https://maestrowealth.com/2021/12/02/ep-42-questions-people-ask-financia...

We hear a lot of half-truths in the financial world, not necessarily because people try to make misleading statements, but because sometimes a simple statement just doesn't quite tell the whole story. We'll share a few examples.   Read more and get additional financial resources here: https://maestrowealth.com/2021/11/18/ep-41-watch-out-for-these-financial-half-truths/   What we discuss on this ep...

Delayed gratification is a difficult skill to master and that's just as true with financial matters as it is in the other areas of your life. Let's talk about some instances where you might be faced with a choice of being satisfied now or satisfied later.   Read more and get additional financial resources here: https://maestrowealth.com/2021/11/04/ep-40-how-delayed-gratification-can-help-your-fina...

There are some insightful quotes out there from great investors and financial authors. Let's find out how they might apply to your financial situation.   Read more and get additional financial resources here: https://maestrowealth.com/2021/10/21/ep-39-quotes-from-great-investors/   What we discuss on this episode:  4:06 – Four dangerous words 5:43 – Worst enemy 7:45 – No risk 10:01 – Dangerous peo...

Before you head off into retirement, make sure you're well versed in these retirement income planning essentials. We'll explain what they are and why you need to know about them.   Read more and get additional financial resources here: https://maestrowealth.com/2021/10/07/ 7597 /     What we discuss on this episode:  0:35 – Income plan 3:28 – Social Security 6:45 – Inflation 8:52 – Bond income

We get a lot of questions about RMDs, or required minimum distributions. Some people don't know anything about them, while others have misconceptions about how they work. Today, we'll explain what you need to know.       Read more and get additional financial resources here:   https://maestrowealth.com/2021/09/16/ep-37-what-you-need-to-know-about-rmds/   What we discuss on this episode:  0:22 – Wh...

Let's talk about some of the red flags that people can look out for when they're shopping for a financial advisor. Have you ever met with one of these types?   Read more and get additional financial resources here: https://maestrowealth.com/2021/09/02/ep-36-watch-out-for-these-financial-advisor-red-flags/     What we discuss on this episode:  0:26 – Hammer 3:50 – Hog 5:24 – Car trunk 7:25 – Empty...

Today we're sharing five of the most common retirement mistakes. Find out what they are and how you can avoid them.   Read more and get additional financial resources here: https://maestrowealth.com/2021/08/19/ep-35-most-common-retirement-mistakes/     What we discuss on this episode:  0:46 – Ignoring tax implications 4:04 – Social Security 6:43 – Returns instead of income 8:07 – Friends and famil...

No matter how much money you make, where you live or when you're retiring, there are some universal truths that apply to everyone's finances. Find out what they are.   Read more and get additional financial resources here: https://maestrowealth.com/2021/08/05/ep-34-universal-truths-of-retirement-planning/     What we discuss on this episode:  0:55 – Income plan 3:01 – Long-term care 5:57 – Timing...

SECURE Act 2.0, son of the SECURE Act, has come out and we'll explain what has changed and how it could affect you.   Read more and get additional financial resources here: https://maestrowealth.com/2021/07/15/ep-33-how-secure-act-2-0-could-affect-you/     What we discuss on this episode:  2:03 – Required minimum age 4:04 – Reducing the penalty 4:51 – Auto enroll 5:39 – Catch up contributions 6:44...

On this episode of How Money Works , Craig and Jennifer Moser explain some of the common myths around Social Security and how to educate yourself on this crucial topic.   Read more and get additional financial resources here: https://maestrowealth.com/2021/07/01/ep-32-social-security-myth-busting/     What we discuss on this episode:  0:25 – Mailbag: Sell properties to pay off house? 4:49 – Social...

On this episode of How Money Works , Craig and Jennifer Moser explain some of the common retirement mistakes people make and how you can avoid them.   Read more and get additional financial resources here: https://maestrowealth.com/2021/06/17/ep-31-classic-retirement-planning-mistakes/     What we discuss on this episode:  1:15 – Investments with no purpose 5:35 – Not understanding risk 7:49 – Emo...

On this episode of How Money Works , Craig and Jennifer Moser explain how getting through retirement can be a lot like running a marathon.   Read more and get additional financial resources here: https://maestrowealth.com/2021/06/03/ep-30-the-retirement-marathon/     What we discuss on this episode: 1:16 – Planning and preparation 3:35 – Proper diet 6:07 – Don't start too fast  

People often have questions about life insurance. It's not a sexy topic, but it is an important one. We'll explain why.   Read more and get additional financial resources here: https://maestrowealth.com/2021/05/20/ep-29-reasons-to-get-life-insurance/     What we discuss on this episode:  0:48 – Income replacement 2:06 – Estate liquidity 3:15 – More coverage at cheaper price? 4:20 – Estate equalize...

On this episode of How Money Works , Craig and Jennifer Moser share what you can learn about retirement planning from the game of baseball.   Read more and get additional financial resources here: https://maestrowealth.com/2021/05/06/ep-28-how-retirement-planning-is-like-baseball/     What we discuss on this episode:  0:33 – Not about home runs 3:04 – Understand statistics 5:11 – Five-tool player...

The financial world is full of acronyms that get thrown around for convenience, but the average person doesn't necessarily know what they all mean. We'll share what they are and what they mean.   Read more and get additional financial resources here: https://maestrowealth.com/2021/04/15/ep-27-get-to-know-financial-acronym-salad/     What we discuss on this episode:  4:48 – ETF 5:52 – RMD 9:13 – CF...

Let's talk about financial guru Dave Ramsey. He has a huge empire and millions of people listen to him each day, but do we agree with his financial principles? Find out in today's podcast.   Read more and get additional financial resources here: https://maestrowealth.com/2021/04/01/ep-26-should-you-listen-to-dave-ramseys-advice/     What we discuss on this episode:  0:40 – Credit cards 2:39 – Whol...

To successfully complete a jigsaw puzzle, there are some strategies you'll want to keep in mind, and many of those same strategies apply to retirement planning.   Read more and get additional financial resources here: https://maestrowealth.com/2021/03/18/ep-25-the-jigsaw-puzzle-of-retirement/     What we discuss on this episode:  1:22 – Look at the big picture 4:00 – Sort by color 6:36 – Have an e...

Every industry has its own jargon, and financial planning is no different. Today, we're explaining some common financial jargon and what it means.   Read more and get additional financial resources here: https://maestrowealth.com/2021/03/04/ep-24-do-you-know-this-financial-jargon/     What we discuss on this episode:  1:07 – Asset allocation 1:50 – Risk tolerance 2:49 – RMDs 4:42 – Basis point 5:2...

On today's episode of How Money Works , we'll discuss the financial red zone. What is it, and what should you do if you fall in this category?   Read more and get additional financial resources here: https://maestrowealth.com/2021/02/18/ep-23-are-you-in-the-financial-red-zone/     What we discuss on this episode:  1:31 – Financial red zone 4:23 – Common mistakes in red zone 5:23 – Different levels...

On today's episode of How Money Works , we're sharing some of the toughest, most unanswerable questions we get in the financial business. From healthcare to the stock market to taxes, we'll cover some important planning topics.   Read more and get additional financial resources here: https://maestrowealth.com/2021/02/04/ep-22-clients-toughest-most-unanswerable-questions/     What we discuss on thi...

On today's episode of How Money Works , Craig and Jennifer Moser share some financial tips for 2021 and how to prepare for the year ahead.     Read more and get additional financial resources here: https://maestrowealth.com/2021/01/21/ep-21-how-to-prepare-financially-for-2021/     What we discuss on this episode:  2:10 – The coming year 4:43 – 10 rules of investing 5:19 – When all experts and fore...

When people come into our office and say they're not ready for retirement and haven't saved enough, here's how we counsel them. On today's episode of How Money Works , Craig and Jennifer Moser talk about late bloomers and how to help them.   Read more and get additional financial resources here: https://maestrowealth.com/2021/01/07/ep-20-not-able-to-retire-how-late-bloomers-can-save-more-money/  ...

What does "living the dream" in retirement mean to you? You can't live it unless you know what it looks like.   Read more and get additional financial resources here: https://maestrowealth.com/2020/12/17/ep-19-living-the-dream-in-retirement/     What we discuss on this show:  1:32 – What will retirement look like? 3:23 – What are you retiring to? 5:29 – The importance of a schedule

Let's talk about income gaps in retirement. There are probably more gaps than you realize. On this episode of How Money Works , we'll explain what they are and why you need to know about them.     Read more and get additional financial resources here: https://maestrowealth.com/2020/12/03/ep-18-beware-of-these-5-income-gaps/     What we discuss on this show:  0:24 – Paycheck gap 2:55 – Social Secur...