Episode Transcript
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Speaker 1 (00:00):
All these years you've saved up planning for secure retirement,
but if you're not careful, it will be the irs
that's living it up when you retire by taxing your
hard earned money. Welcome to the Maggie Tax and Financial
Hour with Robert and Chris Maggie of Maggie Tax Advisory
and Financial Group. With over thirty years of combined experience
in tax savings, income planning, and investment opportunities, Robert and
(00:22):
Chris share advice and tax planning strategies designed to protect
your retirement nest egg from Uncle Sam. Your questions and
comments are welcome during today's program by calling eight one
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty, or visit Maggie
Tax dot Com. That's Maggi tax dot com and now
(00:46):
your host for the Maggie Tax Financial Hour on nine
to seventy WFLA. Robert and Chris Maggie.
Speaker 2 (00:53):
Hello everyone, and thanks for joining us today listening to
the Maggie Tax and Financial Show.
Speaker 3 (00:58):
I just want to make a point.
Speaker 2 (00:59):
Be sure to visit our website, Maggie Tax dot Com
and click on at the top the retirement calculator to
find out your tax bill. Take you thirty seconds to
figure out how much tax you're going to pay on
your IRA and four oh one K and Chris and
I are going to.
Speaker 3 (01:12):
Talk about that today. Don't forget.
Speaker 2 (01:14):
Every Sunday at ten thirty on ABC watch our TV
show and we have a lot to talk about today.
A lot of things are changing, a lot of things
are happening. So Chris, you know wherever you want to begin,
because this is going to be from here on out.
With taxes going up, there's a lot of noise out there.
There's a lot of confusion out there. I have been
getting calls, You have been getting calls about what do
(01:35):
we do about taxes? And that's the name of the
game right now.
Speaker 3 (01:38):
That's it.
Speaker 4 (01:39):
Well, welcome everyone, Thank you so much for tuning into
the Mega Tax and Financial Show. And as always, we
are so grateful and thankful to be here. We love
doing what we do. You know, it's about helping people.
And as you mentioned, Dad, confusion questions and we get
these each and every week. So there's a lot of
noise out there. What do you do? You know, it's
not only about taxes, about investments, is about income planning,
(02:02):
what do you do, how to take Social Security and
maximize these benefits? My gosh, So today we want to
talk about a lot of different things, and so stay tuned.
Visit our website at Maggie tax dot com. There's so
much information right there at your fingertips. But let's just
jump into if you have a traditional IRA or a
Form one K or a TSP thrift savings plan with
the federal government, or if you have a four to
(02:24):
H three B or a four point fifty seven plan,
you have accounts, you're saving for retirement. You're doing the
right thing. But again, guess what you were told the
wrong information?
Speaker 3 (02:35):
Why?
Speaker 4 (02:36):
Because these all all these accounts are infected with taxes,
and that's what we're talking about today. So it's always
a great thing to put away money. So these vehicles
have been created to do that and that's a positive.
But at the end of the day, when the money
comes out, it's all taxable at question mark tax rates.
So that's what we're going to dive in today. So
welcome everyone, Thanks for tuning in. Visit our website. If
(02:57):
you have any questions, pick up the phone, schedule time
to meet with a we have office on both sides
of the Bay eight three three Maggie Tax.
Speaker 2 (03:04):
A couple things that Chris mentioned. We all saved for
a time, but no one talked about your tax bill.
And that's why on the top of my website Maggie
tax dot com.
Speaker 3 (03:12):
Do it yourself.
Speaker 2 (03:13):
It's gonna take thirty seconds because someone has to be
talking to you about this. I know, we get calls
coming in and we meet clients every day. Their broker
doesn't talk about it, their banker doesn't talk about it.
Speaker 3 (03:23):
Even their CPA doesn't talk about it, Chris.
Speaker 2 (03:25):
And that's what responsibility they have to talk about that,
not just to do their taxes. And if you have
a traditional IRA or a four to oh one K,
you save funds for a tirement. The problem is many
of you will pay an unknown tax. You have a
tax bill to Uncle Sam. And you know, when we
sit down with clients and we talk about this, I'll
give you a big example. Client comes in with a
million dollars sitting in his IRA. Ah, I got a
(03:47):
million dollars. This is great. I can travel the country,
travel the world, take the cruises.
Speaker 3 (03:52):
Chris, what's the answer to that? That's not all yours.
Speaker 4 (03:55):
And that's the biggest thing, you know, you know how
you get you have birthday, or you have Christmas, or
you have these get togethers. You get all these presents,
but guess what, they're not all yours. Same thing with
the irs and in these IRA accounts because they have you,
they have that portion. It's not all yours. So figure
out what your tax bill is, figure out really what
(04:16):
you can get to keep. And this is what it's
all about. You want to keep as much as you
can in the most tax efficient way. So Dad, let's
talk about what can people do, what strategies are out there,
what kind of steps they should just take. Maybe the
first step is what.
Speaker 2 (04:32):
Look, if you look at your account like we do,
you can do what they call a strategic rollout. And
many people don't understand how to do that. And the
bottom line is that you could take money out of
a taxable account every year and pay the lowest tax
and then put it into a ROTH account where you
pay no tax. And this millionaire client that we talked about,
and he's not the only one, he had time on
(04:52):
his side because as seventy two is when you have
to start taking the required minimum distribution and then it's
going to be text. So what we do it is
we reversed it. It simply called a strategic rollout. Give
us a call at eight three to three, Maggie Tax.
And again if you go to my website, Maggie Tax,
and I'm going to be making this point every week
for a long time. Look at the retirement tax bill.
(05:13):
There's no other advisor out there, there's no other broker
out there that has what we have on our website.
And then you can sit down and talk to us
about a strategic rollout. Because Chris years ago when they
started with the ROTH, everybody, you.
Speaker 3 (05:25):
Know, no big deal.
Speaker 2 (05:26):
You know, that's okay, We'll just keep putting money in
the taxable account. But guess what, many of you listening
know this when you come in. We see even with
the federal people, you could talk about that for a minute,
they have a TSP ROTH and they don't even know
they have that. So those are ways to get yourself
tax free income Well.
Speaker 4 (05:44):
Let's just say, you know, if you're saving for retirement,
that's a great thing. You want to put money away,
You want to create buckets of money, and the best
way to do it is income tax free so you know,
why not pay the tax on the money today so
that in the future you have tax free income. So yeah,
many people today because they taken our advice. Over the
past five years, seven years, I've seen so much more
(06:06):
money go towards four one K roths or TSP roths
or even just a roth iry or even cash value
life insurance.
Speaker 3 (06:13):
Oh my gosh.
Speaker 4 (06:14):
If you're making a lot of money and you are
phased out because you can't put money away into these
traditional accounts, there are other options. So you can have
a tax free cash savings account that you can start
accumulating and also have tax free income in the future.
Speaker 2 (06:28):
So let's talk about the gorilla in the room, and
that's exactly what the story is. Who is the gorilla?
What is the gorilla? So let's take risk off the table.
I think, Chris, the main thing that people and we
see this all the time, they don't realize the risk
they're taking. They may have eighty five percent of their
money in risk where they're in the market and they're
going to lose. And what we do is the red
(06:48):
money green money. And we had a client in the
last week we actually flipped it. Well, we could show
me We canna have eighty percent eighty five percent green
and fifteen percent in red and still make money in
the market, and you didn't know that. Because it's about
it education. Chris and I talk about this every time.
Speaker 3 (07:03):
You have to.
Speaker 2 (07:03):
Understand the rules before you play the game. So take
the time to meet with us eight three three Maggie Tax.
Visit my website Maggie tax dot com. I'm gonna drill
this every week. Go to the retirement tax bill because
if that doesn't wake you up, then I don't really
know what to do.
Speaker 3 (07:19):
So how do you feel about taxes in the future.
Speaker 2 (07:22):
We know taxes are going to go up if the
Trump tax cuts expire. We know what's happening in the
midterm elections. A lot of things are going to change.
So the question I ask all of you is how
do you feel about risk? And Chris, do they even
know what risk is? Because it's confusing, that's just it.
You know, you're listening out there, you hear what we're saying.
You know many people are not sitting down with you
and showing you these strategies. And that's what we're here
(07:44):
to do, and that's what we want to do. So
think of the phone and schedule time to meet with us.
We have office on both sides of the bay. And
the thing about is is do you want a retirement
where you have control? Do you want flexibility? Do you
want to make sure that you have buckets where you
have a purpose with everything you have? So you have
an income plan, a tax plan, an investment plan, and
(08:06):
a state plan. And if you do and you're serious
about your retirement, then pick up the phone, schedule a
time to meet with us. Let's get together. Why because
you deserve it. You deserve to have a plan, You
deserve to have things in order. You deserve to have
control and flexibility and be on the right side of
this in the future when they start raising taxes, you're
going to be in control as if as opposed to
(08:26):
falling victim to it like everyone else. And that's where
we specialize in because we can help you in a
lot of different ways income planning, tax planning, investment planning,
and state planning, sol security maximization planning. So pick up
the phone, schedule time to meet with us.
Speaker 3 (08:39):
Yeah, we give you every opportunity to make that call.
Speaker 2 (08:42):
And many of you that have met with us, I'm
kind of surprised when they come in. They are going
to meet with both Chris and I and we do
that because we want you to see how we work.
I've been doing this for thirty years and I've been
helping a lot of people do taxes and you know,
reduce their risk. And another thing that's coming up, Chris,
about inflation. You know, you' making four hundred and sixty
four dollars a week and you spend the money on
(09:03):
gas and groceries. You're not making four hundred and sixty
four dollars a week, So think about it. That's how
many people are getting hit with this inflation thing. How
do you feel about the government regulations and what we
call legislature risk. If you don't understand legislature risk, I'll
make it simple. Congress has it written in pencil. They
can change the rules of the game anytime they want.
(09:25):
And Chris, it's going to happen the next few months,
and it's going to happen when the Trump tax cuts expired.
Speaker 4 (09:29):
Well, scary, think about it. That's scary. Think about what's
going on in the economy today, the world today. Right,
things are changing. Things are scary at some points, but
it could happen to you. But what if you didn't
let that happen. You can control certain things, you can't
control certain things. But at the end of the day,
your investments, the risk you're currently taking, the taxes that
you're going to be paying, you can control this. We
(09:50):
had a client that came in last week. My gosh.
We put together their income plan. They have one hundred
thousand dollars of income per year and aren't paying a
diamond tax. Why because they listen to us. We put
together buckets of tax free money, buckets of taxable money,
and we can pick and choose where we where we
take the distribution from to stay under the threshold income.
So think about this. If you're serious about your retirement,
(10:13):
you want a plan, you want a strategy.
Speaker 3 (10:16):
Now's the time.
Speaker 4 (10:16):
Pick up the phone, schedule a time to meet with us.
Eight three three Maggie Tax. We have office on both
sides of the day. Visit our website. There's so much
information right there. As my dad mentioned before, figure out
what your tax time bomb bill is gonna be.
Speaker 3 (10:30):
We can help you.
Speaker 4 (10:31):
Visit our website at Maggie Tax dot com. And don't
forget Every Sunday, tune into ABC TV at ten thirty
for the Maggie Tax and Financial Show.
Speaker 3 (10:39):
It's a thirty minute show. We educate you. There's a
lot of things.
Speaker 4 (10:43):
We do, but you can. You can write down your questions,
give us a call, let's get together and let's adjust
those for you. Eight three to three Maggie Tax. The
number again, eight three to three Maggie Tax.
Speaker 1 (10:57):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie Tax dot com. That's
Maggi Tax dot com. Or call eight one three three
(11:19):
two two twenty five twenty. That's eight one three three
two two twenty five twenty now your host for the
Maggie Tax and Financial Hour, Father and son from Maggie
Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 2 (11:35):
Welcome back, everyone, and thanks for joining us today. We
were just talking about our divisions and we're going to
continue with that. We just talked about the financial division
and just to recap about iras and managing risk and
income planning, social security planning.
Speaker 3 (11:49):
So if you're not focused on that, come in. We'll
talk about that.
Speaker 2 (11:52):
So, Chris, let's talk about the second division that we have,
which I think is pretty much for everybody, the tax division.
We do individual tax preparation, and we do corporations, we
do business owners. And one thing about business owners, I
want to just mention, if you're not planning for retirement,
then now is the time to start doing that because
there's a lot of things you can do now to
(12:13):
plan for retirement. Maybe you want to sell your business
or something and you don't know, you know what kind
of game you're going to have, how do you position that?
And we can help you with that. Talk about trust
and you know big people. A lot of people ask
us about gift tax. These are things that are tax
planning issues. And when it comes to advanced tax planning, Chris,
we've been trained for a long long time on doing
tax planning and we've helped a lot of people understand
(12:35):
because the tax code or the tax book is about
seventy thousand pages, do you folks know what's in it?
And I'm not sure the CPA is and even IRS
knows what's in it. To be honest with you, But
you want to make it simple. Individual businesses, we can help.
Let's just say, you know, let's make it very simple.
Taxes are our biggest expense and they're going to get worse.
(12:56):
And what's going to happen is you're going to pay
more in taxes. Think about what you do. You pay
sales tax.
Speaker 4 (13:01):
Now you know we're in a state that there's no
state tax, which is great, but we pay federal taxes.
There's taxes every which way, right, so we see it.
But it's going to get to the point where we
just keep paying and paying and paying. So what do
you keep right? So tax planning is so crucial. If
you're not working with the right advisor because they don't
talk about taxes, then what are you doing. You're really
(13:23):
missing the boat because you're missing a key component in
your retirement and your future life because now you're letting
go of more income that you can keep if you
just know how. So pick up the phone and schedule
time to meet with us tax planning. If you're not
getting a tax analysis, and if your current advisor is
not even talking about taxes, or you have no idea
how they are relating to one another, which they do
(13:44):
because your investment advisor could be causing you to pay
more in taxes. We see this each and every day
when we do look at the tax return, you know,
we look at when people come in, We say, well,
why'd you take out forty thousand from your IRA? Well
I needed some money. Well you didn't have to do that,
you could have took it from another source. These are
some of the things that we talk about. We see
and we want to make sure that you understand. So
(14:06):
pick up the phone, schedule time to meet with us.
Our tax division is so important. We take a tax
approach and whatever we do to help you.
Speaker 2 (14:13):
So one thing, Chris, that we offer everyone out there
is an after tax statement. And when I ask clients
what's your after tax statement? They look at me confused.
But when do you want the irs to get their taxes?
And remember everyone out there, mostly everyone I take that back,
have to pay taxes.
Speaker 3 (14:29):
But when you have a qualified account.
Speaker 2 (14:31):
Like an IRA four to one K four three B,
you've been told you could save on a deferred basis
and let it grow, let it grow to age seventy two,
and then you have to take out money but then
when you take it out, what's your tax situation. So strategically,
what we try to help people is roll the money
out over time so you're in the lowest tax bracket
(14:51):
to pay the lowest amount of tax, and then put
it into a tax free account Chris, where there is
no tax. And time and time again we see clients
and understand that, and they go, how do we do that?
Because from a tax tax statement that we get from you,
we can show you. We can show you how it's
going to progress, and then you can decide how much
tax do you want to pay? So when do you
want to pay the irs because you owe them taxes,
(15:14):
and we can show you a way to pay the
taxes now before the Trump tax cuts expire and then
you get an increase of thirty percent.
Speaker 3 (15:21):
It doesn't make sense, Chris, Well.
Speaker 4 (15:22):
That's just say you know tax planning, so you want
to have future income. Let's make it simple. If you
have accounts that you've saved for for so many years
and they're all what we call infected with taxes, then
pretty much you're strapped because every dollar you take out
of that account or those accounts, Uncle Sam is going
to get paid and The thing about it is it's
a question mark tax rate. You don't know what it's
(15:44):
going to be. It could be higher, it could be
much higher, it could be lower. But most of the
time we think it's going to be higher because with
all the debt and the things that they're doing. So
think about this, they need tax money. So what if
you can position yourself for tax free buckets of money? Now,
could you trans thanks for all your money to a
tax free environment?
Speaker 3 (16:02):
You sure can.
Speaker 4 (16:03):
Has got to pay to get there, and we can
show you what that looks like and what that number
is going to be. But eventually, as my dad mentioned before,
strategic planning or strategic rollouts, let's do it over time
to stay under the threshold income of the tax brackets,
so you're in control. So we're talking about here is
having a strategy. And if you don't have a strategy,
(16:24):
pick up the phone, schedule time to meet with us. Right,
That's what we do. We do this each and every day,
and we understand the tax codes. We understand how you
can roll out money, We understand the next tax brackets.
I mean, you need to understand this. We can make
it very simple for you and we will when you
come in and meet with us eight three to three,
Maggie Tax.
Speaker 2 (16:43):
And think about this. Your retirement assets. They're under attack
from taxes and legislative risk, and we can help. Get
the new Holistic plan and get the Maggie Plan. But
I mentioned legislative risk.
Speaker 3 (16:54):
What does that mean.
Speaker 2 (16:54):
What it means is they can change the rules anytime,
and they do and they will. So buy out the
IRIS and eliminate the tax risk today. Let irs get
what they are supposed to get now at the lowest
amount rate, now when taxes are low. Get holistic plan
and get the Maggi Plan, and let's eliminate the risk
and mitigate tax risk. Take action today. Give us a
(17:16):
call eight three to three, Maggie Tax and protect your retirement.
Get a self what Chris talked about before, write this down,
Get a self completing plan and get the new Holistic plan.
Speaker 3 (17:27):
Get the Maggie Plan. That's just it.
Speaker 4 (17:28):
You know, the transactional accounts and accounts everywhere. People are
confused if they have no idea how to access the
funds inside of those accounts. And again, is it going
to cause a taxable event or is it not? Are
you gonna get a ten nine to nine at the
end of the year, and you really just don't know
what to do with it because you could have avoided it.
Those things we're talking about. So when it comes to retirement,
(17:50):
the tax code is written in pencil, So what are
you doing about it? You know it comes to retirement,
the irs is your silent partner, especially in your form
on K, your eye and you have no protection. So
it's time to take back the ownership. And that's what
we're going to do here. So visit our website at
maggiitax dot com. Schedule time to meet with us. Tax planning,
tax preparation, income planning, designing a plan for you for
(18:14):
guaranteed income for life, investment planning, making sure you're allocated
in the right buckets of money with the right risk.
What about leveraging your money tax free? Do your beneficiaries?
How do you go about doing that? We can show
you a tax free plan. That's what we do here
at Maggie Tax Advisor and Financial Group. It's an option
that many people are looking for. They just don't know
where to get it. Pick up the phone, schedule time
(18:35):
to meet with us eight three to three MAGI Tax.
All of us have a mandatory tax bill. Do you
know what your optional tax bill is? No one wants
to pay mandatory taxes. Why should you so? Pick up
the phone, schedule a time to meet with us. Eight
three to three Maggie Tax. That's eight three to three
Maggie Tax, and visit our website Magi tax dot Com.
There's so much information right there to educate you. That's
(18:58):
what it's about education. Eight three to three Maggie Tax.
Speaker 1 (19:02):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie Tax dot com. That's
ma Ggi tax dot com. Or call eight one three
(19:25):
three two two twenty five twenty. That's eight one three
three two two twenty five twenty. Now your host for
the Maggie Tax and Financial Hour, Father and son from
Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 2 (19:41):
Welcome back to the Maggie Tax and Financial Show. I'm
here with my son Chris, and I am the dad
Bobby so give us a call eight three three Maggie Tax.
Be sure to visit our website Maggie Tax dot com
and click on the retirement calculator and see what your
retirement tax bill is going to be.
Speaker 3 (19:57):
Then pick up the phone give us a call. So
this is on you, folks.
Speaker 2 (20:00):
We're trying to educate you because who should set an
appointment with Maggie Tax and we have something for everyone.
We address financial issues that pertain to the self employed
as well as employees of corporations and government agencies. We
work with federal employees. We work with many state employees
and federal employees. Why because they don't know their benefits. Okay,
(20:21):
federal employees don't even know they have a TSP, which
don't know what to do with it. They get a pension,
they don't even know that. So it's about education. So
when we run the report, and if you're a federal
employee out there, give us a call and we'll show
you what's going what's going to happen.
Speaker 3 (20:35):
And our goal is to teach you how.
Speaker 2 (20:37):
To build wealth and align your money with your values
to accomplish your goals in life. Chris, people don't talk
about goals people talk about just a pile of money.
That's what advisors do out there, and they're not addressing
from the ground up. That's a complete advisor.
Speaker 4 (20:51):
Well, you mentioned a keyword right in that sentence is yours,
your values, your y Oh, you are your why because
this is your money, right, This is your goals, not
my goals, not your advisor's goals.
Speaker 3 (21:02):
It's your goals. What are your goals? What do you want?
Speaker 4 (21:04):
Do you want more income? Do you want to leave
a legacy? Do you want to do a tax free?
Do you want to pay less tax? Do you want
to make fifteen percent, twenty percent, thirty percent? Are you
okay with ups and downs of the market? What are
your goals?
Speaker 3 (21:17):
Can I ask you a question? Sure? Can you define
something for me? Go ahead? What's a yo?
Speaker 1 (21:21):
Yo?
Speaker 3 (21:23):
Yo? Yo?
Speaker 4 (21:23):
Goes up and down? And that's what we talk about.
You're in a yoyo economy. You're on your own, so
guess what. You're on your own to develop your own plan.
But we can help you, and that's why we do
the show. That's why we're here. We enjoy what we do.
You know, we have offices on both sides of the
day to help you. You know when you come in,
you go to meet with us. Why because we want
to help you put together a plan, an income plan,
(21:45):
a tax plan, investment plan in a state plan. So
whether you plan to retire twenty years from how or
you maybe just have recently retired, the information that you
learn from us, we can deliver rewards throughout your lifetime
because now you'll have a plan, confidence, clarity. That's what
you want. You want to empower, empower yourself and we
can help you. You know, you went to school to
(22:07):
what prepare for your career. Now it's time to prepare
for your retirement and we can help. So pick up
the phone, schedule time to meet with us. Eight three
three Maggie Tax.
Speaker 3 (22:17):
Well that was powerful. That's the truth.
Speaker 2 (22:18):
I mean, education is about, you know, retirement, and you
never should stop learning. We have written quite a few
books and when you come in we'll show you what
they are. But you know, you've got to learn something
new every day. So things we do for our clients.
What about life planning for retirement Chris? And do they
have life insurance? Are you still using the old rules
for retirement?
Speaker 3 (22:36):
No?
Speaker 4 (22:37):
And that's it. Do you have a complete planet? Do
you have an incomplete plan. But I want to add
here this is really important. You retire once. We retire
each and every day. Every day we retire because we
help people make that decision whether they should retire and
if they can retire. So we retire every day. You
retire once. Let us help you get to that level.
Speaker 2 (22:57):
You know, one thing, We get many clients that come
in and they say, listening to you for years and
we watch your TV show every Sunday, two years, three
years ago, and I always asked them, what took you
so long? And what took them so long? As they
weren't ready. Okay, they just weren't ready. So what about
early retirement trends? Do you have enough income to live
on now and in retirement? It's called income planning. One
(23:17):
question that we ask all of you, We ask everyone
that comes in think about it. You're working, you're getting
a paycheck, this is what Chris was talking about. But
when you retire, what's the income you need per month?
And how are we going to solve for that? And
one way that we solve for that is by bucket planning.
So next time you take a bucket to put water
in and mop the floor, put a few buckets down,
(23:37):
one for income, one for insurance, one for tax, and
one for investment.
Speaker 3 (23:42):
That's bucket planning.
Speaker 4 (23:43):
I'm sorry as a current advisor putting that together for you,
or they just have one statement that comes in and
this is what you have.
Speaker 3 (23:49):
That's the only bucket there is.
Speaker 4 (23:50):
That's not a bucket plan. That's a pile of money.
Speaker 1 (23:53):
I know.
Speaker 4 (23:53):
But you want to make sure your buckets. Why because
you deserve to. You deserve to combat inflation, you deserve
to have plate. There's other things you can accomplish if
you want to.
Speaker 3 (24:02):
And that's what I'm talking about. So do you know
how long your money is going to last?
Speaker 2 (24:05):
Because today, with inflation and all the things that are
going on, you need to know. So pick up the
phone eight three to three Maggie Tax. There's no cost,
there's no obligation. You are going to meet with both
Chris and I and we're going to sit down and
ask you questions and find out what your goals are.
Be sure to visit our website Maggie Tax dot com.
I can't emphasize this enough. Go to the retirement tax
bill on the top right, fill in the information and
(24:27):
in thirty seconds we can tell you what your retirement
tax bill is, and then we can sit down and
do some tax planning because what about inflation, what about
higher prices in purchasing power? What are your retirement expectations?
How much will you need to retire? The question is
can you retire today? And that's what we teach, and
get the Maggie Plan and get a complete plan and go.
Speaker 3 (24:47):
Back to one thing I said, can you retire today? Chris?
Speaker 2 (24:49):
How many people come in, even like federal employees, and
they want to retire today. But back in two thousand
and two, two thousand and eight, they thought they could retire.
Even when COVID hit, they thought they could retire. But
guess what, they took a beating and now they got
to keep working.
Speaker 3 (25:04):
Well, that's just it.
Speaker 4 (25:05):
You're totally It's a big decision, and it is bad
if you don't have a plan. And when people come
in to meet with us, they ask us, can I retire?
We start talking about their income because when you stop working,
gets what stops the paychecks? But it doesn't have to
happen if you have been set up the right way.
What if you already have your own family pension already
(25:27):
set up for you that all you do is turn
it on. Turn on for guaranteed income. So when you
wake up on the first of the month and you
go outside and grab that check out of your mailbox
and you have your Pajamazon, you can come back in
and spend the heck out of it for next thirty
days and do it all over again. What a great feeling, right, Well,
that's exactly what we're talking about. So can you retire?
Maybe you can, maybe you can't. Do you want to
retire the way you want to, or do you have
(25:48):
to retire because they make it that way for you?
What do you want? So pick up the phone, schedule
time to meet with us. Get a complete plan. It's
called the Maggie plan. What's the Maggie plan. It's income planning,
it's tag planning, it's investment planning, it's a state planning.
It's called getting a complete plan. That's what we do.
So eight three to three Maggie.
Speaker 2 (26:06):
Tax and don't wait for something to hit you first
before you do something about it. You know, they say,
well I dodged a bullet. No, we don't want you
to dodge a bullet. We want you to get out
of the way of that bullet and that's how we're
going to help you, because have you considered the retirement roadblocks?
Speaker 3 (26:20):
You know social Security.
Speaker 2 (26:21):
The other day I had a client call me and
they got something from Social Security and their part B
premium en up because of the ERM attacks. They had
no idea what the arm attax was. So we had
to prove it to them that they go back two
years and look at your income because he made more
money and it increased the Part B. These are stealth taxes.
This is legislative risk that we're talking about. There are
many retirement planning mistakes that people made. What about financial
(26:44):
and cash flow statements? I ask people all the time,
Chris and I do you have a budget. Some people
don't even know what a budget is. We did a
segment on the TV a couple of weeks ago and
we did budget planning. I got more calls that Monday,
said we need some help. How can we do a budget?
Because Chris, he was credit card debt. He didn't just
know how to put his money where to place it
(27:05):
to pay the bills. But he said I need help
and that's what he did.
Speaker 4 (27:08):
Well, that's just sit education. We talk about this financial education.
You know, it was really a great feeling. Last week.
I had to go in and teach my kids or
my son's kids at school about financial education. And when
you had to teach second graders about education, it sits
there and makes you make things easy. Right, You have
(27:29):
to make it easy and that's what we do for
our clients as well, because things are changing. My dad
talks about the language, the financial language changes. You have
to understand what is going on and what you can
and can't do. So when we talk about education, you
need to be educated. You know, when's the last class
you had on how to put together a retirement plan.
(27:49):
When's the last class you had on taking your investments
in creating guaranteed income. When's the last class you had
on how to combat inflation? We don't have these classes
not taught. That's the disappointing thing. But a MAGI Tax
Advisory and Financial Group, we're here. We're here to help
you and that's what we do. So in the Tampa
Bay area, there's three offices that you can you can
(28:10):
come and see us. Let's schedule a time to meet
with us. We have our show every Sunday on ABC
TV at ten am. We have the radio shows that
you're listening to today. Come on in, let's have a conversation.
Let's get together. You deserve it a three to three
Maggi tax, and don't forget.
Speaker 2 (28:26):
There's many questions that we just got a question from
the chatbox. What is a qualified account? People don't understand
they have a qualified account. It's an IRA. It's a
four oh one K, it's a four oh three B. Folks,
you haven't paid taxes on it. The government said to
us years ago, put some money away on a tax
deferred basis. We'll give you a tax deduction, low year
tax that year, and then later on when you start
(28:48):
taking the money out, like we're talking about it's seventy two.
Speaker 3 (28:51):
Well you got to pay a tax. So think about
it this way.
Speaker 2 (28:54):
We own a company together, right, But I'm telling you
that I want twenty percent, and you say, okay, that's fine.
But next year, I say, you know what, I want
thirty percent and you tell me you've got to be
kidding me. I can't give you thirty percent. But here's
my answer to you. You have to because that's what
I have to get. That's the retirement plan. What I
mean is that they're going to raise taxes on everybody,
(29:15):
and you're going to have to pay it.
Speaker 3 (29:16):
There's no bottom line here except that you can't argue
with them.
Speaker 4 (29:19):
Well, you're talking about the IRA, and that's where people
can understand what you just mentioned here. If you have
an IRA, that's what my dad's talking about. You have
a business with Uncle Sam, and guess what, every year
or every couple of years, they can dictate how much
of that business is theirs and how much they want.
So think about that. What if you have a million
dollar IRA, That million dollars is not yours? So right now,
(29:43):
if you liquidated, guess what, thirty seven percent of it
goes to Uncle Sam. But what in the future, what
if it's forty five percent, What if it's fifty five percent,
What if it's sixty percent? And many people are saying,
well they can't go that high, Well yeah can really,
it's called legislative risk. They can change the rules. Do
you think they know who has the money out there?
Speaker 3 (30:03):
They do.
Speaker 4 (30:04):
If you have an IRA, they know you got the money.
Guess what they're gonna go after to some point. So
how do you how do you defuse this big tax
time bomb? You have an IRA full one K. It's
a tax time bomb, so how do you diffuse it?
Speaker 3 (30:16):
We can help.
Speaker 4 (30:17):
That's why there's strategies. That's where there are ways to
get the money out of a taxable environment to do
a tax free How do you do it?
Speaker 3 (30:24):
We can help you.
Speaker 4 (30:25):
Pick up the phone, schedule time to meet with us.
Eight three to three Maggie Tax. If you have an IRA,
stop what you're doing, write this number down. Eight three
to three Magi Tax. Coming to meet with us. Let's
have a conversation income planning, tax planning. Defuse the tax
time bomb that you have done and save for for
(30:46):
so many years. Eight three three Magi Tax. Visit our
website at Maggie Tax dot com and on the top
right hand corner the retirement calculator. In thirty seconds you
can see how much tax you have to pay and
how much a partner, Uncle Sam is with your IRA
A three three Magi Tax. Schedule time to meet with
us eight three three Maggie Tax.
Speaker 1 (31:07):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host father and son, Robert and Chris,
Maggie for additional information on how you can create a
tax free retirement, visit Maggie tax dot com. That's ma
Ggi tax dot com or call eight one three three
(31:30):
two two twenty five twenty. That's eight one three three
two two twenty five twenty. Now your host for the
Maggie Tax and Financial Hour, father and son from Maggie
Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 2 (31:45):
Welcome back, and you're listening to the Maggie Tax and
Financial Show. And today we've been talking about financial literacy
and the books that we wrote because we want to
offer them to all of you. You just have to
call my office, but you have to make an appointment
to come in so we can go over these with you.
The first book would talked about was Stop Funding Uncle
Sam's Retirement.
Speaker 3 (32:02):
That was my first book we wrote.
Speaker 2 (32:04):
We have the Maggie Plan that basically talks about everything
that we do, and then we have two other books,
one Holistic Retirement. When you go to my website Maggie
Tax dot com, right on the front, it's talk about
holistic retirement. What is an holistic retirement? It encompasses everything.
There's a light bulb there and Chris and I talk
about an Aha moment, folks. These are what you need
(32:27):
to do and take a look at things like this. Okay,
the other two books I may not have time to
talk about today, but the No Compromise Retirement Plan and
also the New Rules of Retirement Planning.
Speaker 3 (32:38):
Why is it supporting?
Speaker 2 (32:39):
Because we co wrote this with an actuary and someone
that is actually in Washington, that was in the White House,
that was at Capitol Hill. Because these are rules that
you need to follow, I'll be glad to get these
books to you. Make an apployment eight three to three Maggie,
tax comm in and meet with Chris and I and
we'll go over this with you. There's no cost, there's
no obligation. But you want to know something. It's going
to save you a lot of money.
Speaker 4 (33:01):
Eight three three Maggie, TeX's not only about a lot
of money. It's about time. It's about peace of mind.
It's about the worry. I mean, we all don't want
to worry, right, I mean, how many people worry about
income planning in the market and the ups and downs
and oh my gosh, is where am I going to
pass my assets to? Or how's that going to work.
You know, think about this. Are you over exposed to risk?
(33:24):
You know, do you understand what tax diversification is? You
know what's your appetite for risk? And you know, doing
your own retirement plan is like doing your own root canal.
It's too painful. My gosh, that's why you're listening today.
You know, pick up the phone, schedule time to meet
with us. We do holistic planning. We do income planning,
(33:44):
investment planning, legacy planning, social security maximization planning. You don't
think about this. If you're sixty five years old and
you have a heart condition, do you go to your
primary doctor or do you go to a specialist. You
know what the answer is, you go to a specialist.
That's what we do. We're a special in the distribution
phase of your retirement. We're a specialist in income planning.
(34:04):
We're a specialist in investment planning. We can show you
buckets of money, how to have safe money, how to
have money from long term growth. We're a specialist in
legacy planning, making sure that your assets transfer on the
most tax efficient way. So pick up the phone, schedule
time to meet with us. My dad's talking about these books.
My gosh, we do that why to educate you? We
(34:25):
do this because we want to make sure that you
understand what options are available. Because once you do, you
could say that's what I want, that's what I want,
and that's what I don't want. Because now you're in
a better situation to be part of your own future
and your own retirement. Moving forward. Eight three to three,
Maggie tax And we talk about the books because it's
about education. But we're so confident this book is going
(34:48):
to change the way you think because you have to
learn new strategies. We're confident it's going to change the
way you approach the future. We talk about solutions, and
we're confident it's going to change the way you make
decisions because most people stick to the decision. Well, you know,
I've been there so long, I'll leave it there. I'm
afraid to change. That's not true. And we're confident because
(35:11):
we've been seeing it happen to our clients, to our friends.
In fact, it's happening to savers across the country right now,
and we believe it will happen to you too, and
you just have to take the initiative.
Speaker 2 (35:22):
Eight three to three Maggie tax. Look, we live in
a world where rapid innovation has become the norm. Things
are changing fast. We talked about legislature risk. It's changing
every day and many of you don't even know what's
going to be income risk, tax risk. Here's one thing
we talk about. Ask yourself this question. Do you have
a complete plan or an incomplete plan? And Chris, we
(35:44):
talk about that all the time because when we ask
them that question, the look in their eyes are like,
I have no idea what you're talking about.
Speaker 4 (35:51):
That's just say, what's your solution. What's your solution to
income planning and tax planning and investment planning. If you
don't have one, that's okay, you're in the right spot.
Pick up the phones. Time to meet with us.
Speaker 3 (36:01):
Let's get together.
Speaker 4 (36:02):
Because a lot of plans we see out there are
not complete at all. You know, their advisor has these
investment accounts and they're up and down and yeah they've gained.
But guess what, there's no second half of the game
plan for this because it's going to be it's gonna
be eat a way of taxes. People don't talk about
the second half of the game. You know, it's very
(36:23):
simple to accumulate money. You could do it yourself. You
can do it yourself, you can hire a computer to
do it. But what about the distribution phase? That is
when you don't want to lose it all? So pick
up the phone, schedule time to meet with us. Eight
three to three, Maggie tax get a complete plan. If
your plan is incomplete, let's fine tune these little spots
for you to make sure that you moving forward, have
(36:45):
a plan, an income plant, a tax plan, investment plan,
a legacy plan. My gosh, that's a complete plan.
Speaker 2 (36:50):
You know what's funny. A lot of people always asking
I've been in this business thirty years? Can you give
me a brochure? Can you mail it to me?
Speaker 3 (36:56):
Absolutely not. This is all your money.
Speaker 4 (36:59):
What do you want? You want to you want a
cookie cutter plan? Now you want your plan? Right, this
is your money. Why do you want John Smith's plan
or Betty Jones's plan? You don't want that, You want
your plan. So pick up the phone, schedule time to
meet with us.
Speaker 2 (37:15):
And here's the thing. Some clients say, I want to research.
I'm okay with that. I want to go check the internet,
okay with that. The reason why is because you can
Google anything that you want and in two seconds you
got it right in front of you. But if you
don't meet with someone who understands it, okay, Google doesn't
explain it to you, Chris, Internet doesn't explain.
Speaker 3 (37:32):
It to you.
Speaker 2 (37:33):
You have to meet with someone that's live, that has
a pulse and has a birthdate, because then with face
to face, not on the you know, this is the
other thing people do business over the phone.
Speaker 3 (37:42):
I get it.
Speaker 2 (37:43):
But if you don't know what you're doing, how are
you going to get back to them? That's upsetting Chris.
That's that's the responsibility the agent has to you, teaching.
Speaker 3 (37:50):
Every one of you. And in this area, we've been
doing this for thirty years.
Speaker 4 (37:53):
And that's why it's so important to get together. Let's meet,
Let's have a conversation. You know, come into the office.
We have office on both sides of the Bay A
Maggie tax dot com. That's m A G G I
T A X dot com. Check out our locations, you know,
give us a call. Let's have a conversation. Tax planning,
income planning, investment planning, legacy planning. You know why, because
(38:13):
you deserve it. You don't have to have millions of dollars.
It doesn't matter what you have. What matters is you
want to make it better. And if you do, then
pick up the phone. Let's get together. We'd love to
meet with you. And when you come in, if our
philosophies are in aligned with you and yours are in
line with us, let's work together. If they're not, that's
that's okay as well. You know, adult to adult, let's
(38:33):
have a conversation. That's what it's about. Eight three three
Maggie Tax. Pick up the phone, schedule time to meet
with us. We thank you so much for listening to
our show today. Eight three three Maggie Tex.
Speaker 1 (38:42):
You've been listening to the Maggie Tax on Financial Hour
discussing tax planning investment strategy is presented by Robert and
Chris Maggie from Maggie Tax Advisory and Financial Services with
offices in Hillsboro and Panelas County. Visit Maggie Tax dot
com or called eight one three three two two twenty
five twenty that's eight one three three two two twenty
(39:04):
five twenty and tune in next Saturday at five for
the Maggie Tax and Financial Hour
All these years you've saved up planning for secure retirement,
but if you're not careful, it will be the irs
that's living it up when you retire by taxing your
hard earned money. Welcome to the Maggie Tax and Financial
Hour with Robert and Chris Maggie of Maggie Tax Advisory
and Financial Group. With over thirty years of combined experience
in tax savings, income planning, and investment opportunities, Robert and
(00:22):
Chris share advice and tax planning strategies designed to protect
your retirement nest egg from Uncle Sam. Your questions and
comments are welcome during today's program by calling eight one
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty, or visit Maggie
Tax dot Com. That's Maggi tax dot com and now
(00:46):
your host for the Maggie Tax Financial Hour on nine
to seventy WFLA. Robert and Chris Maggie.
Speaker 2 (00:53):
Hello everyone, and thanks for joining us today listening to
the Maggie Tax and Financial Show.
Speaker 3 (00:58):
I just want to make a point.
Speaker 2 (00:59):
Be sure to visit our website, Maggie Tax dot Com
and click on at the top the retirement calculator to
find out your tax bill. Take you thirty seconds to
figure out how much tax you're going to pay on
your IRA and four oh one K and Chris and
I are going to.
Speaker 3 (01:12):
Talk about that today. Don't forget.
Speaker 2 (01:14):
Every Sunday at ten thirty on ABC watch our TV
show and we have a lot to talk about today.
A lot of things are changing, a lot of things
are happening. So Chris, you know wherever you want to begin,
because this is going to be from here on out.
With taxes going up, there's a lot of noise out there.
There's a lot of confusion out there. I have been
getting calls, You have been getting calls about what do
(01:35):
we do about taxes? And that's the name of the
game right now.
Speaker 3 (01:38):
That's it.
Speaker 4 (01:39):
Well, welcome everyone, Thank you so much for tuning into
the Mega Tax and Financial Show. And as always, we
are so grateful and thankful to be here. We love
doing what we do. You know, it's about helping people.
And as you mentioned, Dad, confusion questions and we get
these each and every week. So there's a lot of
noise out there. What do you do? You know, it's
not only about taxes, about investments, is about income planning,
(02:02):
what do you do, how to take Social Security and
maximize these benefits? My gosh, So today we want to
talk about a lot of different things, and so stay tuned.
Visit our website at Maggie tax dot com. There's so
much information right there at your fingertips. But let's just
jump into if you have a traditional IRA or a
Form one K or a TSP thrift savings plan with
the federal government, or if you have a four to
(02:24):
H three B or a four point fifty seven plan,
you have accounts, you're saving for retirement. You're doing the
right thing. But again, guess what you were told the
wrong information?
Speaker 3 (02:35):
Why?
Speaker 4 (02:36):
Because these all all these accounts are infected with taxes,
and that's what we're talking about today. So it's always
a great thing to put away money. So these vehicles
have been created to do that and that's a positive.
But at the end of the day, when the money
comes out, it's all taxable at question mark tax rates.
So that's what we're going to dive in today. So
welcome everyone, Thanks for tuning in. Visit our website. If
(02:57):
you have any questions, pick up the phone, schedule time
to meet with a we have office on both sides
of the Bay eight three three Maggie Tax.
Speaker 2 (03:04):
A couple things that Chris mentioned. We all saved for
a time, but no one talked about your tax bill.
And that's why on the top of my website Maggie
tax dot com.
Speaker 3 (03:12):
Do it yourself.
Speaker 2 (03:13):
It's gonna take thirty seconds because someone has to be
talking to you about this. I know, we get calls
coming in and we meet clients every day. Their broker
doesn't talk about it, their banker doesn't talk about it.
Speaker 3 (03:23):
Even their CPA doesn't talk about it, Chris.
Speaker 2 (03:25):
And that's what responsibility they have to talk about that,
not just to do their taxes. And if you have
a traditional IRA or a four to oh one K,
you save funds for a tirement. The problem is many
of you will pay an unknown tax. You have a
tax bill to Uncle Sam. And you know, when we
sit down with clients and we talk about this, I'll
give you a big example. Client comes in with a
million dollars sitting in his IRA. Ah, I got a
(03:47):
million dollars. This is great. I can travel the country,
travel the world, take the cruises.
Speaker 3 (03:52):
Chris, what's the answer to that? That's not all yours.
Speaker 4 (03:55):
And that's the biggest thing, you know, you know how
you get you have birthday, or you have Christmas, or
you have these get togethers. You get all these presents,
but guess what, they're not all yours. Same thing with
the irs and in these IRA accounts because they have you,
they have that portion. It's not all yours. So figure
out what your tax bill is, figure out really what
(04:16):
you can get to keep. And this is what it's
all about. You want to keep as much as you
can in the most tax efficient way. So Dad, let's
talk about what can people do, what strategies are out there,
what kind of steps they should just take. Maybe the
first step is what.
Speaker 2 (04:32):
Look, if you look at your account like we do,
you can do what they call a strategic rollout. And
many people don't understand how to do that. And the
bottom line is that you could take money out of
a taxable account every year and pay the lowest tax
and then put it into a ROTH account where you
pay no tax. And this millionaire client that we talked about,
and he's not the only one, he had time on
(04:52):
his side because as seventy two is when you have
to start taking the required minimum distribution and then it's
going to be text. So what we do it is
we reversed it. It simply called a strategic rollout. Give
us a call at eight three to three, Maggie Tax.
And again if you go to my website, Maggie Tax,
and I'm going to be making this point every week
for a long time. Look at the retirement tax bill.
(05:13):
There's no other advisor out there, there's no other broker
out there that has what we have on our website.
And then you can sit down and talk to us
about a strategic rollout. Because Chris years ago when they
started with the ROTH, everybody, you.
Speaker 3 (05:25):
Know, no big deal.
Speaker 2 (05:26):
You know, that's okay, We'll just keep putting money in
the taxable account. But guess what, many of you listening
know this when you come in. We see even with
the federal people, you could talk about that for a minute,
they have a TSP ROTH and they don't even know
they have that. So those are ways to get yourself
tax free income Well.
Speaker 4 (05:44):
Let's just say, you know, if you're saving for retirement,
that's a great thing. You want to put money away,
You want to create buckets of money, and the best
way to do it is income tax free so you know,
why not pay the tax on the money today so
that in the future you have tax free income. So yeah,
many people today because they taken our advice. Over the
past five years, seven years, I've seen so much more
(06:06):
money go towards four one K roths or TSP roths
or even just a roth iry or even cash value
life insurance.
Speaker 3 (06:13):
Oh my gosh.
Speaker 4 (06:14):
If you're making a lot of money and you are
phased out because you can't put money away into these
traditional accounts, there are other options. So you can have
a tax free cash savings account that you can start
accumulating and also have tax free income in the future.
Speaker 2 (06:28):
So let's talk about the gorilla in the room, and
that's exactly what the story is. Who is the gorilla?
What is the gorilla? So let's take risk off the table.
I think, Chris, the main thing that people and we
see this all the time, they don't realize the risk
they're taking. They may have eighty five percent of their
money in risk where they're in the market and they're
going to lose. And what we do is the red
(06:48):
money green money. And we had a client in the
last week we actually flipped it. Well, we could show
me We canna have eighty percent eighty five percent green
and fifteen percent in red and still make money in
the market, and you didn't know that. Because it's about
it education. Chris and I talk about this every time.
Speaker 3 (07:03):
You have to.
Speaker 2 (07:03):
Understand the rules before you play the game. So take
the time to meet with us eight three three Maggie Tax.
Visit my website Maggie tax dot com. I'm gonna drill
this every week. Go to the retirement tax bill because
if that doesn't wake you up, then I don't really
know what to do.
Speaker 3 (07:19):
So how do you feel about taxes in the future.
Speaker 2 (07:22):
We know taxes are going to go up if the
Trump tax cuts expire. We know what's happening in the
midterm elections. A lot of things are going to change.
So the question I ask all of you is how
do you feel about risk? And Chris, do they even
know what risk is? Because it's confusing, that's just it.
You know, you're listening out there, you hear what we're saying.
You know many people are not sitting down with you
and showing you these strategies. And that's what we're here
(07:44):
to do, and that's what we want to do. So
think of the phone and schedule time to meet with us.
We have office on both sides of the bay. And
the thing about is is do you want a retirement
where you have control? Do you want flexibility? Do you
want to make sure that you have buckets where you
have a purpose with everything you have? So you have
an income plan, a tax plan, an investment plan, and
(08:06):
a state plan. And if you do and you're serious
about your retirement, then pick up the phone, schedule a
time to meet with us. Let's get together. Why because
you deserve it. You deserve to have a plan, You
deserve to have things in order. You deserve to have
control and flexibility and be on the right side of
this in the future when they start raising taxes, you're
going to be in control as if as opposed to
(08:26):
falling victim to it like everyone else. And that's where
we specialize in because we can help you in a
lot of different ways income planning, tax planning, investment planning,
and state planning, sol security maximization planning. So pick up
the phone, schedule time to meet with us.
Speaker 3 (08:39):
Yeah, we give you every opportunity to make that call.
Speaker 2 (08:42):
And many of you that have met with us, I'm
kind of surprised when they come in. They are going
to meet with both Chris and I and we do
that because we want you to see how we work.
I've been doing this for thirty years and I've been
helping a lot of people do taxes and you know,
reduce their risk. And another thing that's coming up, Chris,
about inflation. You know, you' making four hundred and sixty
four dollars a week and you spend the money on
(09:03):
gas and groceries. You're not making four hundred and sixty
four dollars a week, So think about it. That's how
many people are getting hit with this inflation thing. How
do you feel about the government regulations and what we
call legislature risk. If you don't understand legislature risk, I'll
make it simple. Congress has it written in pencil. They
can change the rules of the game anytime they want.
(09:25):
And Chris, it's going to happen the next few months,
and it's going to happen when the Trump tax cuts expired.
Speaker 4 (09:29):
Well, scary, think about it. That's scary. Think about what's
going on in the economy today, the world today. Right,
things are changing. Things are scary at some points, but
it could happen to you. But what if you didn't
let that happen. You can control certain things, you can't
control certain things. But at the end of the day,
your investments, the risk you're currently taking, the taxes that
you're going to be paying, you can control this. We
(09:50):
had a client that came in last week. My gosh.
We put together their income plan. They have one hundred
thousand dollars of income per year and aren't paying a
diamond tax. Why because they listen to us. We put
together buckets of tax free money, buckets of taxable money,
and we can pick and choose where we where we
take the distribution from to stay under the threshold income.
So think about this. If you're serious about your retirement,
(10:13):
you want a plan, you want a strategy.
Speaker 3 (10:16):
Now's the time.
Speaker 4 (10:16):
Pick up the phone, schedule a time to meet with us.
Eight three three Maggie Tax. We have office on both
sides of the day. Visit our website. There's so much
information right there. As my dad mentioned before, figure out
what your tax time bomb bill is gonna be.
Speaker 3 (10:30):
We can help you.
Speaker 4 (10:31):
Visit our website at Maggie Tax dot com. And don't
forget Every Sunday, tune into ABC TV at ten thirty
for the Maggie Tax and Financial Show.
Speaker 3 (10:39):
It's a thirty minute show. We educate you. There's a
lot of things.
Speaker 4 (10:43):
We do, but you can. You can write down your questions,
give us a call, let's get together and let's adjust
those for you. Eight three to three Maggie Tax. The
number again, eight three to three Maggie Tax.
Speaker 1 (10:57):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie Tax dot com. That's
Maggi Tax dot com. Or call eight one three three
(11:19):
two two twenty five twenty. That's eight one three three
two two twenty five twenty now your host for the
Maggie Tax and Financial Hour, Father and son from Maggie
Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 2 (11:35):
Welcome back, everyone, and thanks for joining us today. We
were just talking about our divisions and we're going to
continue with that. We just talked about the financial division
and just to recap about iras and managing risk and
income planning, social security planning.
Speaker 3 (11:49):
So if you're not focused on that, come in. We'll
talk about that.
Speaker 2 (11:52):
So, Chris, let's talk about the second division that we have,
which I think is pretty much for everybody, the tax division.
We do individual tax preparation, and we do corporations, we
do business owners. And one thing about business owners, I
want to just mention, if you're not planning for retirement,
then now is the time to start doing that because
there's a lot of things you can do now to
(12:13):
plan for retirement. Maybe you want to sell your business
or something and you don't know, you know what kind
of game you're going to have, how do you position that?
And we can help you with that. Talk about trust
and you know big people. A lot of people ask
us about gift tax. These are things that are tax
planning issues. And when it comes to advanced tax planning, Chris,
we've been trained for a long long time on doing
tax planning and we've helped a lot of people understand
(12:35):
because the tax code or the tax book is about
seventy thousand pages, do you folks know what's in it?
And I'm not sure the CPA is and even IRS
knows what's in it. To be honest with you, But
you want to make it simple. Individual businesses, we can help.
Let's just say, you know, let's make it very simple.
Taxes are our biggest expense and they're going to get worse.
(12:56):
And what's going to happen is you're going to pay
more in taxes. Think about what you do. You pay
sales tax.
Speaker 4 (13:01):
Now you know we're in a state that there's no
state tax, which is great, but we pay federal taxes.
There's taxes every which way, right, so we see it.
But it's going to get to the point where we
just keep paying and paying and paying. So what do
you keep right? So tax planning is so crucial. If
you're not working with the right advisor because they don't
talk about taxes, then what are you doing. You're really
(13:23):
missing the boat because you're missing a key component in
your retirement and your future life because now you're letting
go of more income that you can keep if you
just know how. So pick up the phone and schedule
time to meet with us tax planning. If you're not
getting a tax analysis, and if your current advisor is
not even talking about taxes, or you have no idea
how they are relating to one another, which they do
(13:44):
because your investment advisor could be causing you to pay
more in taxes. We see this each and every day
when we do look at the tax return, you know,
we look at when people come in, We say, well,
why'd you take out forty thousand from your IRA? Well
I needed some money. Well you didn't have to do that,
you could have took it from another source. These are
some of the things that we talk about. We see
and we want to make sure that you understand. So
(14:06):
pick up the phone, schedule time to meet with us.
Our tax division is so important. We take a tax
approach and whatever we do to help you.
Speaker 2 (14:13):
So one thing, Chris, that we offer everyone out there
is an after tax statement. And when I ask clients
what's your after tax statement? They look at me confused.
But when do you want the irs to get their taxes?
And remember everyone out there, mostly everyone I take that back,
have to pay taxes.
Speaker 3 (14:29):
But when you have a qualified account.
Speaker 2 (14:31):
Like an IRA four to one K four three B,
you've been told you could save on a deferred basis
and let it grow, let it grow to age seventy two,
and then you have to take out money but then
when you take it out, what's your tax situation. So strategically,
what we try to help people is roll the money
out over time so you're in the lowest tax bracket
(14:51):
to pay the lowest amount of tax, and then put
it into a tax free account Chris, where there is
no tax. And time and time again we see clients
and understand that, and they go, how do we do that?
Because from a tax tax statement that we get from you,
we can show you. We can show you how it's
going to progress, and then you can decide how much
tax do you want to pay? So when do you
want to pay the irs because you owe them taxes,
(15:14):
and we can show you a way to pay the
taxes now before the Trump tax cuts expire and then
you get an increase of thirty percent.
Speaker 3 (15:21):
It doesn't make sense, Chris, Well.
Speaker 4 (15:22):
That's just say you know tax planning, so you want
to have future income. Let's make it simple. If you
have accounts that you've saved for for so many years
and they're all what we call infected with taxes, then
pretty much you're strapped because every dollar you take out
of that account or those accounts, Uncle Sam is going
to get paid and The thing about it is it's
a question mark tax rate. You don't know what it's
(15:44):
going to be. It could be higher, it could be
much higher, it could be lower. But most of the
time we think it's going to be higher because with
all the debt and the things that they're doing. So
think about this, they need tax money. So what if
you can position yourself for tax free buckets of money? Now,
could you trans thanks for all your money to a
tax free environment?
Speaker 3 (16:02):
You sure can.
Speaker 4 (16:03):
Has got to pay to get there, and we can
show you what that looks like and what that number
is going to be. But eventually, as my dad mentioned before,
strategic planning or strategic rollouts, let's do it over time
to stay under the threshold income of the tax brackets,
so you're in control. So we're talking about here is
having a strategy. And if you don't have a strategy,
(16:24):
pick up the phone, schedule time to meet with us. Right,
That's what we do. We do this each and every day,
and we understand the tax codes. We understand how you
can roll out money, We understand the next tax brackets.
I mean, you need to understand this. We can make
it very simple for you and we will when you
come in and meet with us eight three to three,
Maggie Tax.
Speaker 2 (16:43):
And think about this. Your retirement assets. They're under attack
from taxes and legislative risk, and we can help. Get
the new Holistic plan and get the Maggie Plan. But
I mentioned legislative risk.
Speaker 3 (16:54):
What does that mean.
Speaker 2 (16:54):
What it means is they can change the rules anytime,
and they do and they will. So buy out the
IRIS and eliminate the tax risk today. Let irs get
what they are supposed to get now at the lowest
amount rate, now when taxes are low. Get holistic plan
and get the Maggi Plan, and let's eliminate the risk
and mitigate tax risk. Take action today. Give us a
(17:16):
call eight three to three, Maggie Tax and protect your retirement.
Get a self what Chris talked about before, write this down,
Get a self completing plan and get the new Holistic plan.
Speaker 3 (17:27):
Get the Maggie Plan. That's just it.
Speaker 4 (17:28):
You know, the transactional accounts and accounts everywhere. People are
confused if they have no idea how to access the
funds inside of those accounts. And again, is it going
to cause a taxable event or is it not? Are
you gonna get a ten nine to nine at the
end of the year, and you really just don't know
what to do with it because you could have avoided it.
Those things we're talking about. So when it comes to retirement,
(17:50):
the tax code is written in pencil, So what are
you doing about it? You know it comes to retirement,
the irs is your silent partner, especially in your form
on K, your eye and you have no protection. So
it's time to take back the ownership. And that's what
we're going to do here. So visit our website at
maggiitax dot com. Schedule time to meet with us. Tax planning,
tax preparation, income planning, designing a plan for you for
(18:14):
guaranteed income for life, investment planning, making sure you're allocated
in the right buckets of money with the right risk.
What about leveraging your money tax free? Do your beneficiaries?
How do you go about doing that? We can show
you a tax free plan. That's what we do here
at Maggie Tax Advisor and Financial Group. It's an option
that many people are looking for. They just don't know
where to get it. Pick up the phone, schedule time
(18:35):
to meet with us eight three to three MAGI Tax.
All of us have a mandatory tax bill. Do you
know what your optional tax bill is? No one wants
to pay mandatory taxes. Why should you so? Pick up
the phone, schedule a time to meet with us. Eight
three to three Maggie Tax. That's eight three to three
Maggie Tax, and visit our website Magi tax dot Com.
There's so much information right there to educate you. That's
(18:58):
what it's about education. Eight three to three Maggie Tax.
Speaker 1 (19:02):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie Tax dot com. That's
ma Ggi tax dot com. Or call eight one three
(19:25):
three two two twenty five twenty. That's eight one three
three two two twenty five twenty. Now your host for
the Maggie Tax and Financial Hour, Father and son from
Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 2 (19:41):
Welcome back to the Maggie Tax and Financial Show. I'm
here with my son Chris, and I am the dad
Bobby so give us a call eight three three Maggie Tax.
Be sure to visit our website Maggie Tax dot com
and click on the retirement calculator and see what your
retirement tax bill is going to be.
Speaker 3 (19:57):
Then pick up the phone give us a call. So
this is on you, folks.
Speaker 2 (20:00):
We're trying to educate you because who should set an
appointment with Maggie Tax and we have something for everyone.
We address financial issues that pertain to the self employed
as well as employees of corporations and government agencies. We
work with federal employees. We work with many state employees
and federal employees. Why because they don't know their benefits. Okay,
(20:21):
federal employees don't even know they have a TSP, which
don't know what to do with it. They get a pension,
they don't even know that. So it's about education. So
when we run the report, and if you're a federal
employee out there, give us a call and we'll show
you what's going what's going to happen.
Speaker 3 (20:35):
And our goal is to teach you how.
Speaker 2 (20:37):
To build wealth and align your money with your values
to accomplish your goals in life. Chris, people don't talk
about goals people talk about just a pile of money.
That's what advisors do out there, and they're not addressing
from the ground up. That's a complete advisor.
Speaker 4 (20:51):
Well, you mentioned a keyword right in that sentence is yours,
your values, your y Oh, you are your why because
this is your money, right, This is your goals, not
my goals, not your advisor's goals.
Speaker 3 (21:02):
It's your goals. What are your goals? What do you want?
Speaker 4 (21:04):
Do you want more income? Do you want to leave
a legacy? Do you want to do a tax free?
Do you want to pay less tax? Do you want
to make fifteen percent, twenty percent, thirty percent? Are you
okay with ups and downs of the market? What are
your goals?
Speaker 3 (21:17):
Can I ask you a question? Sure? Can you define
something for me? Go ahead? What's a yo?
Speaker 1 (21:21):
Yo?
Speaker 3 (21:23):
Yo? Yo?
Speaker 4 (21:23):
Goes up and down? And that's what we talk about.
You're in a yoyo economy. You're on your own, so
guess what. You're on your own to develop your own plan.
But we can help you, and that's why we do
the show. That's why we're here. We enjoy what we do.
You know, we have offices on both sides of the
day to help you. You know when you come in,
you go to meet with us. Why because we want
to help you put together a plan, an income plan,
(21:45):
a tax plan, investment plan in a state plan. So
whether you plan to retire twenty years from how or
you maybe just have recently retired, the information that you
learn from us, we can deliver rewards throughout your lifetime
because now you'll have a plan, confidence, clarity. That's what
you want. You want to empower, empower yourself and we
can help you. You know, you went to school to
(22:07):
what prepare for your career. Now it's time to prepare
for your retirement and we can help. So pick up
the phone, schedule time to meet with us. Eight three
three Maggie Tax.
Speaker 3 (22:17):
Well that was powerful. That's the truth.
Speaker 2 (22:18):
I mean, education is about, you know, retirement, and you
never should stop learning. We have written quite a few
books and when you come in we'll show you what
they are. But you know, you've got to learn something
new every day. So things we do for our clients.
What about life planning for retirement Chris? And do they
have life insurance? Are you still using the old rules
for retirement?
Speaker 3 (22:36):
No?
Speaker 4 (22:37):
And that's it. Do you have a complete planet? Do
you have an incomplete plan. But I want to add
here this is really important. You retire once. We retire
each and every day. Every day we retire because we
help people make that decision whether they should retire and
if they can retire. So we retire every day. You
retire once. Let us help you get to that level.
Speaker 2 (22:57):
You know, one thing, We get many clients that come
in and they say, listening to you for years and
we watch your TV show every Sunday, two years, three
years ago, and I always asked them, what took you
so long? And what took them so long? As they
weren't ready. Okay, they just weren't ready. So what about
early retirement trends? Do you have enough income to live
on now and in retirement? It's called income planning. One
(23:17):
question that we ask all of you, We ask everyone
that comes in think about it. You're working, you're getting
a paycheck, this is what Chris was talking about. But
when you retire, what's the income you need per month?
And how are we going to solve for that? And
one way that we solve for that is by bucket planning.
So next time you take a bucket to put water
in and mop the floor, put a few buckets down,
(23:37):
one for income, one for insurance, one for tax, and
one for investment.
Speaker 3 (23:42):
That's bucket planning.
Speaker 4 (23:43):
I'm sorry as a current advisor putting that together for you,
or they just have one statement that comes in and
this is what you have.
Speaker 3 (23:49):
That's the only bucket there is.
Speaker 4 (23:50):
That's not a bucket plan. That's a pile of money.
Speaker 1 (23:53):
I know.
Speaker 4 (23:53):
But you want to make sure your buckets. Why because
you deserve to. You deserve to combat inflation, you deserve
to have plate. There's other things you can accomplish if
you want to.
Speaker 3 (24:02):
And that's what I'm talking about. So do you know
how long your money is going to last?
Speaker 2 (24:05):
Because today, with inflation and all the things that are
going on, you need to know. So pick up the
phone eight three to three Maggie Tax. There's no cost,
there's no obligation. You are going to meet with both
Chris and I and we're going to sit down and
ask you questions and find out what your goals are.
Be sure to visit our website Maggie Tax dot com.
I can't emphasize this enough. Go to the retirement tax
bill on the top right, fill in the information and
(24:27):
in thirty seconds we can tell you what your retirement
tax bill is, and then we can sit down and
do some tax planning because what about inflation, what about
higher prices in purchasing power? What are your retirement expectations?
How much will you need to retire? The question is
can you retire today? And that's what we teach, and
get the Maggie Plan and get a complete plan and go.
Speaker 3 (24:47):
Back to one thing I said, can you retire today? Chris?
Speaker 2 (24:49):
How many people come in, even like federal employees, and
they want to retire today. But back in two thousand
and two, two thousand and eight, they thought they could retire.
Even when COVID hit, they thought they could retire. But
guess what, they took a beating and now they got
to keep working.
Speaker 3 (25:04):
Well, that's just it.
Speaker 4 (25:05):
You're totally It's a big decision, and it is bad
if you don't have a plan. And when people come
in to meet with us, they ask us, can I retire?
We start talking about their income because when you stop working,
gets what stops the paychecks? But it doesn't have to
happen if you have been set up the right way.
What if you already have your own family pension already
(25:27):
set up for you that all you do is turn
it on. Turn on for guaranteed income. So when you
wake up on the first of the month and you
go outside and grab that check out of your mailbox
and you have your Pajamazon, you can come back in
and spend the heck out of it for next thirty
days and do it all over again. What a great feeling, right, Well,
that's exactly what we're talking about. So can you retire?
Maybe you can, maybe you can't. Do you want to
retire the way you want to, or do you have
(25:48):
to retire because they make it that way for you?
What do you want? So pick up the phone, schedule
time to meet with us. Get a complete plan. It's
called the Maggie plan. What's the Maggie plan. It's income planning,
it's tag planning, it's investment planning, it's a state planning.
It's called getting a complete plan. That's what we do.
So eight three to three Maggie.
Speaker 2 (26:06):
Tax and don't wait for something to hit you first
before you do something about it. You know, they say,
well I dodged a bullet. No, we don't want you
to dodge a bullet. We want you to get out
of the way of that bullet and that's how we're
going to help you, because have you considered the retirement roadblocks?
Speaker 3 (26:20):
You know social Security.
Speaker 2 (26:21):
The other day I had a client call me and
they got something from Social Security and their part B
premium en up because of the ERM attacks. They had
no idea what the arm attax was. So we had
to prove it to them that they go back two
years and look at your income because he made more
money and it increased the Part B. These are stealth taxes.
This is legislative risk that we're talking about. There are
many retirement planning mistakes that people made. What about financial
(26:44):
and cash flow statements? I ask people all the time,
Chris and I do you have a budget. Some people
don't even know what a budget is. We did a
segment on the TV a couple of weeks ago and
we did budget planning. I got more calls that Monday,
said we need some help. How can we do a budget?
Because Chris, he was credit card debt. He didn't just
know how to put his money where to place it
(27:05):
to pay the bills. But he said I need help
and that's what he did.
Speaker 4 (27:08):
Well, that's just sit education. We talk about this financial education.
You know, it was really a great feeling. Last week.
I had to go in and teach my kids or
my son's kids at school about financial education. And when
you had to teach second graders about education, it sits
there and makes you make things easy. Right, You have
(27:29):
to make it easy and that's what we do for
our clients as well, because things are changing. My dad
talks about the language, the financial language changes. You have
to understand what is going on and what you can
and can't do. So when we talk about education, you
need to be educated. You know, when's the last class
you had on how to put together a retirement plan.
(27:49):
When's the last class you had on taking your investments
in creating guaranteed income. When's the last class you had
on how to combat inflation? We don't have these classes
not taught. That's the disappointing thing. But a MAGI Tax
Advisory and Financial Group, we're here. We're here to help
you and that's what we do. So in the Tampa
Bay area, there's three offices that you can you can
(28:10):
come and see us. Let's schedule a time to meet
with us. We have our show every Sunday on ABC
TV at ten am. We have the radio shows that
you're listening to today. Come on in, let's have a conversation.
Let's get together. You deserve it a three to three
Maggi tax, and don't forget.
Speaker 2 (28:26):
There's many questions that we just got a question from
the chatbox. What is a qualified account? People don't understand
they have a qualified account. It's an IRA. It's a
four oh one K, it's a four oh three B. Folks,
you haven't paid taxes on it. The government said to
us years ago, put some money away on a tax
deferred basis. We'll give you a tax deduction, low year
tax that year, and then later on when you start
(28:48):
taking the money out, like we're talking about it's seventy two.
Speaker 3 (28:51):
Well you got to pay a tax. So think about
it this way.
Speaker 2 (28:54):
We own a company together, right, But I'm telling you
that I want twenty percent, and you say, okay, that's fine.
But next year, I say, you know what, I want
thirty percent and you tell me you've got to be
kidding me. I can't give you thirty percent. But here's
my answer to you. You have to because that's what
I have to get. That's the retirement plan. What I
mean is that they're going to raise taxes on everybody,
(29:15):
and you're going to have to pay it.
Speaker 3 (29:16):
There's no bottom line here except that you can't argue
with them.
Speaker 4 (29:19):
Well, you're talking about the IRA, and that's where people
can understand what you just mentioned here. If you have
an IRA, that's what my dad's talking about. You have
a business with Uncle Sam, and guess what, every year
or every couple of years, they can dictate how much
of that business is theirs and how much they want.
So think about that. What if you have a million
dollar IRA, That million dollars is not yours? So right now,
(29:43):
if you liquidated, guess what, thirty seven percent of it
goes to Uncle Sam. But what in the future, what
if it's forty five percent, What if it's fifty five percent,
What if it's sixty percent? And many people are saying,
well they can't go that high, Well yeah can really,
it's called legislative risk. They can change the rules. Do
you think they know who has the money out there?
Speaker 3 (30:03):
They do.
Speaker 4 (30:04):
If you have an IRA, they know you got the money.
Guess what they're gonna go after to some point. So
how do you how do you defuse this big tax
time bomb? You have an IRA full one K. It's
a tax time bomb, so how do you diffuse it?
Speaker 3 (30:16):
We can help.
Speaker 4 (30:17):
That's why there's strategies. That's where there are ways to
get the money out of a taxable environment to do
a tax free How do you do it?
Speaker 3 (30:24):
We can help you.
Speaker 4 (30:25):
Pick up the phone, schedule time to meet with us.
Eight three to three Maggie Tax. If you have an IRA,
stop what you're doing, write this number down. Eight three
to three Magi Tax. Coming to meet with us. Let's
have a conversation income planning, tax planning. Defuse the tax
time bomb that you have done and save for for
(30:46):
so many years. Eight three three Magi Tax. Visit our
website at Maggie Tax dot com and on the top
right hand corner the retirement calculator. In thirty seconds you
can see how much tax you have to pay and
how much a partner, Uncle Sam is with your IRA
A three three Magi Tax. Schedule time to meet with
us eight three three Maggie Tax.
Speaker 1 (31:07):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host father and son, Robert and Chris,
Maggie for additional information on how you can create a
tax free retirement, visit Maggie tax dot com. That's ma
Ggi tax dot com or call eight one three three
(31:30):
two two twenty five twenty. That's eight one three three
two two twenty five twenty. Now your host for the
Maggie Tax and Financial Hour, father and son from Maggie
Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 2 (31:45):
Welcome back, and you're listening to the Maggie Tax and
Financial Show. And today we've been talking about financial literacy
and the books that we wrote because we want to
offer them to all of you. You just have to
call my office, but you have to make an appointment
to come in so we can go over these with you.
The first book would talked about was Stop Funding Uncle
Sam's Retirement.
Speaker 3 (32:02):
That was my first book we wrote.
Speaker 2 (32:04):
We have the Maggie Plan that basically talks about everything
that we do, and then we have two other books,
one Holistic Retirement. When you go to my website Maggie
Tax dot com, right on the front, it's talk about
holistic retirement. What is an holistic retirement? It encompasses everything.
There's a light bulb there and Chris and I talk
about an Aha moment, folks. These are what you need
(32:27):
to do and take a look at things like this. Okay,
the other two books I may not have time to
talk about today, but the No Compromise Retirement Plan and
also the New Rules of Retirement Planning.
Speaker 3 (32:38):
Why is it supporting?
Speaker 2 (32:39):
Because we co wrote this with an actuary and someone
that is actually in Washington, that was in the White House,
that was at Capitol Hill. Because these are rules that
you need to follow, I'll be glad to get these
books to you. Make an apployment eight three to three Maggie,
tax comm in and meet with Chris and I and
we'll go over this with you. There's no cost, there's
no obligation. But you want to know something. It's going
to save you a lot of money.
Speaker 4 (33:01):
Eight three three Maggie, TeX's not only about a lot
of money. It's about time. It's about peace of mind.
It's about the worry. I mean, we all don't want
to worry, right, I mean, how many people worry about
income planning in the market and the ups and downs
and oh my gosh, is where am I going to
pass my assets to? Or how's that going to work.
You know, think about this. Are you over exposed to risk?
(33:24):
You know, do you understand what tax diversification is? You
know what's your appetite for risk? And you know, doing
your own retirement plan is like doing your own root canal.
It's too painful. My gosh, that's why you're listening today.
You know, pick up the phone, schedule time to meet
with us. We do holistic planning. We do income planning,
(33:44):
investment planning, legacy planning, social security maximization planning. You don't
think about this. If you're sixty five years old and
you have a heart condition, do you go to your
primary doctor or do you go to a specialist. You
know what the answer is, you go to a specialist.
That's what we do. We're a special in the distribution
phase of your retirement. We're a specialist in income planning.
(34:04):
We're a specialist in investment planning. We can show you
buckets of money, how to have safe money, how to
have money from long term growth. We're a specialist in
legacy planning, making sure that your assets transfer on the
most tax efficient way. So pick up the phone, schedule
time to meet with us. My dad's talking about these books.
My gosh, we do that why to educate you? We
(34:25):
do this because we want to make sure that you
understand what options are available. Because once you do, you
could say that's what I want, that's what I want,
and that's what I don't want. Because now you're in
a better situation to be part of your own future
and your own retirement. Moving forward. Eight three to three,
Maggie tax And we talk about the books because it's
about education. But we're so confident this book is going
(34:48):
to change the way you think because you have to
learn new strategies. We're confident it's going to change the
way you approach the future. We talk about solutions, and
we're confident it's going to change the way you make
decisions because most people stick to the decision. Well, you know,
I've been there so long, I'll leave it there. I'm
afraid to change. That's not true. And we're confident because
(35:11):
we've been seeing it happen to our clients, to our friends.
In fact, it's happening to savers across the country right now,
and we believe it will happen to you too, and
you just have to take the initiative.
Speaker 2 (35:22):
Eight three to three Maggie tax. Look, we live in
a world where rapid innovation has become the norm. Things
are changing fast. We talked about legislature risk. It's changing
every day and many of you don't even know what's
going to be income risk, tax risk. Here's one thing
we talk about. Ask yourself this question. Do you have
a complete plan or an incomplete plan? And Chris, we
(35:44):
talk about that all the time because when we ask
them that question, the look in their eyes are like,
I have no idea what you're talking about.
Speaker 4 (35:51):
That's just say, what's your solution. What's your solution to
income planning and tax planning and investment planning. If you
don't have one, that's okay, you're in the right spot.
Pick up the phones. Time to meet with us.
Speaker 3 (36:01):
Let's get together.
Speaker 4 (36:02):
Because a lot of plans we see out there are
not complete at all. You know, their advisor has these
investment accounts and they're up and down and yeah they've gained.
But guess what, there's no second half of the game
plan for this because it's going to be it's gonna
be eat a way of taxes. People don't talk about
the second half of the game. You know, it's very
(36:23):
simple to accumulate money. You could do it yourself. You
can do it yourself, you can hire a computer to
do it. But what about the distribution phase? That is
when you don't want to lose it all? So pick
up the phone, schedule time to meet with us. Eight
three to three, Maggie tax get a complete plan. If
your plan is incomplete, let's fine tune these little spots
for you to make sure that you moving forward, have
(36:45):
a plan, an income plant, a tax plan, investment plan,
a legacy plan. My gosh, that's a complete plan.
Speaker 2 (36:50):
You know what's funny. A lot of people always asking
I've been in this business thirty years? Can you give
me a brochure? Can you mail it to me?
Speaker 3 (36:56):
Absolutely not. This is all your money.
Speaker 4 (36:59):
What do you want? You want to you want a
cookie cutter plan? Now you want your plan? Right, this
is your money. Why do you want John Smith's plan
or Betty Jones's plan? You don't want that, You want
your plan. So pick up the phone, schedule time to
meet with us.
Speaker 2 (37:15):
And here's the thing. Some clients say, I want to research.
I'm okay with that. I want to go check the internet,
okay with that. The reason why is because you can
Google anything that you want and in two seconds you
got it right in front of you. But if you
don't meet with someone who understands it, okay, Google doesn't
explain it to you, Chris, Internet doesn't explain.
Speaker 3 (37:32):
It to you.
Speaker 2 (37:33):
You have to meet with someone that's live, that has
a pulse and has a birthdate, because then with face
to face, not on the you know, this is the
other thing people do business over the phone.
Speaker 3 (37:42):
I get it.
Speaker 2 (37:43):
But if you don't know what you're doing, how are
you going to get back to them? That's upsetting Chris.
That's that's the responsibility the agent has to you, teaching.
Speaker 3 (37:50):
Every one of you. And in this area, we've been
doing this for thirty years.
Speaker 4 (37:53):
And that's why it's so important to get together. Let's meet,
Let's have a conversation. You know, come into the office.
We have office on both sides of the Bay A
Maggie tax dot com. That's m A G G I
T A X dot com. Check out our locations, you know,
give us a call. Let's have a conversation. Tax planning,
income planning, investment planning, legacy planning. You know why, because
(38:13):
you deserve it. You don't have to have millions of dollars.
It doesn't matter what you have. What matters is you
want to make it better. And if you do, then
pick up the phone. Let's get together. We'd love to
meet with you. And when you come in, if our
philosophies are in aligned with you and yours are in
line with us, let's work together. If they're not, that's
that's okay as well. You know, adult to adult, let's
(38:33):
have a conversation. That's what it's about. Eight three three
Maggie Tax. Pick up the phone, schedule time to meet
with us. We thank you so much for listening to
our show today. Eight three three Maggie Tex.
Speaker 1 (38:42):
You've been listening to the Maggie Tax on Financial Hour
discussing tax planning investment strategy is presented by Robert and
Chris Maggie from Maggie Tax Advisory and Financial Services with
offices in Hillsboro and Panelas County. Visit Maggie Tax dot
com or called eight one three three two two twenty
five twenty that's eight one three three two two twenty
(39:04):
five twenty and tune in next Saturday at five for
the Maggie Tax and Financial Hour
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