Episode 20230909 - Rollovers and Having an Action Plan

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Episode Transcript

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All these years you've saved up planningfor a secure retirement, but if you're
not careful, it will be theirs that's living it up when you retire
by taxing your hard earn money.Welcome to the Maggie Tax and Financial Hour
with Robert and Chris Maggie of MaggieTax Advisory and Financial Group. With over
thirty years of combined experience in taxsavings, income planning, and investment opportunities,

(00:21):
Robert and Chris share advice and taxplanning strategies designed to protect your retirement
nest egg from Uncle Sam. Yourquestions and comments are welcome during today's program
by calling eight one three three twotwo 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 nowyour host for the Maggie Tax Financial Hour

(00:48):
on nine seventy WFLA. Robert andChris Maggie. Welcome everyone, and thanks
for joining us today. My nameis Robert Maggie and I'm here with Chris
Maggie. He should have visited ourwebsite, Maggie Tax dot Com and also
so I'll give us a call ateight three three Maggie Tax if you want
to schedule an appoyment operators were standingby right now. So we're gonna talk
about a lot of things today aboutwhy you should roll over your retirement funds

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to an IRA, people are confusedon what they should be doing, on
tips on how to create a planwith your partner, but more importantly,
visit our website Maggie Tax dot com. We have a lot of videos there
on all the topics that we're goingto discuss, and be sure to register
for our seminar three and one seminaron a state planning, tax planning and
so security planning. Again, giveus a call eight three three Maggie Tax

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and visit our website at Maggie taxdot com. And welcome everyone. I'm
Chris Maggie, and thank you somuch for tuning into our show. And
as my dad mentioned before, oureducation is extremely important. That's why we
do the three in one seminar.Visit our website Maggie Tax dot com.
You can register right there. We'retalking about tax planning, so security planning,
that's what it's all about, astate planning. My gosh, there's

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so much to discuss investment planning.So much to talk about and educate yourself
out because things are changing and youwant to be equipped with everything in the
right spot before things happen. Sowelcome to our show. If you're like
most American workers, you know youmight have changed jobs many times during your
lifetime, and with job changes,you're gonna have to make decisions. They

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have to be made. What shouldyou do with the funds and your retirement
plan? That's a lot of questionswe get. We get that each and
every week when when we sit downand talk to people because they say,
what should I do with my oldForm one K? Well, one option
is to do a rollover to anIRA, and an IRA is an individual
retirement account. It's a qualified planjust like a Form one K, and

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you can roll over those funds toan IRA and then offer some big benefits.
Let's talk about those, yeah,and the point where the objective there
is to grow your retirement savings.So think about this. When you contributed
to your employer's plan, you madethe smart decision to save for retirement.
We have to save and we doit in a qualified plan that gives you
a tax deduction. So rolling thoseover to an IRA will allow you to

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preserve those dollars for retirement and evenadd them in the future. So you
could keep your funds in an IRAand make IRA contributions and get that advantage,
or you could move the funds overto future employer's plan. Like Chris
mentioned, sometimes you change jobs,so you want to move that plan from
one to the other to avoid thetax hit. But either way, your

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retirement savings will remain intact and potentiallygrow, and that's the point you want
to make as exactly right. Youwant to grow those retirement savings. And
the other benefit is there's no taxhit. May be tempting to hold on
to any funds distributed to you fromyour employer plan. If you do,
there will likely be a tax bill. So most retirement plan funds are taxable

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when they are distributed, so that'swhy you want to make sure that you
handle these accounts with care. Andeven worse, if you're under age fifty
nine and a half, you maybehit with a ten percent early distribution penalty
unless there's an exception to be made, which there are a couple of those
if you know the tax rules.So right now, it's important to understand
what you can and can't do,and the penalty doesn't apply if you take

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out your funds following separation from servicein the year that you turn at age
fifty five or older, or fiftyor older if your public safety employees.
So make sure you understand the rules. Make sure you understand when you touch
these funds, these qualified accounts likefouren k's or iras or four h three
b's or four fifty seven plans,you handle them with care because if not,

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they could be a tax bill that'sgoing to be created and you have
to pay more tax or even apenalty. So let's talk about the tax
bill. On my website, Maggietax dot com. You get on the
top right, you'll see retirement taxbill. Everyone can go there right now
and fill in your information on whatthe value of your four O one K
or your IRA is and in thirtyseconds, it's going to tell you what
your tax bill is going to looklike when you retire at seventy two,

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or what the R and D isgoing to be when you get to that
age. Because people today do notunderstand that we meet with clients every day
and they do not understand the RMDand when they have to take it out.
This is important, So go toour website, Maggie tax dot com,
click on the retirement build and putin your numbers and in thirty seconds
it's going to give you the results. Because then what you should do is

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sit down and like Chris and Iare talking about, understand the language and
understand the rules because so many peopleChris get confused and they make the wrong
choice. And the guests what taxtime comes and we find that out.
That's it. So we talked abouthow there is no taxable hit if you
roll over these funds. But alsoa benefit is the investment options. Changing
jobs can be stressful and overwhelming,as we all know, maybe tempting to

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just ignore your retirement savings and leavethem in your former employer's plan and just
let it sit there, right,how many people have done that. But
by taking this path of least resistance, you may be missing out. And
we talk about that because your employerplan may offer some solid investment choices,
but maybe not enough. Inside thoseplans, you might have five investment options

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to choose from ten or even fifteen, and that's it. So by rolling
over to an IRA, you couldtake advantage of many, many more options.
You can start doing bucket planning.You can set up an account for
a future guaranteed income sources, maybelike your own family pension plan. Maybe
you'd like to generate another bucket ofinflation protection risk or in options. So

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there's a lot of options you cantake if you go ahead and think about
and sit down with the right advisorto talk about how to roll over these
funds. And the choices for IRAinvestments are almost limitless in an IRA,
and you should be able to findthat some mostly closely are suited for your
needs. And that's what it's about, putting together a plan for you and
developing a plan. That's why wecall it the Maggie plan. Well,

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and staying with that. On theinvestment side, many people are confused because
they only thing they can do mutualfunds or stocks or bonds. But in
the managed accounts that you work with, can you talk about a few of
the options, like the manage portfoliosthat you can get the gains and not
the loss and even when the marketgoes down, you can make money.
So is that something that they ifyou're listening and you don't have that listen
to what Chris has to say.No, that's great, And Maggie Investment

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Services where registered investment advisory firms.So there's different managed actively managed portfolios.
There's some out there that have abuffered index strategy where you can make money
when the market goes up, butif the mark goes down, they call
it a buffer where you could notlose money if the market goes down,
or if the buffer is twenty percentand the market goes down eighteen you don't

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lose nothing. It's a zero percentloss, but if it passes twenty percent,
then you lose the difference. Soif it goes down twenty two percent,
you might lose two. But thebottom line here is that you can
be invested in the market and havedownside protection and there's ways to do that
in multiple investments. So it's importantto meet with the right advisor. So
let's sit down have a conversation aboutwhat your goals are. Do you want

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risk, do you want safety?Do you want a combination of both.
Do you want to carve out abucket of inflation protection assets. Do you
want to carve out a bucket forfuture paychecks and play checks? Do you
want to carve out a bucket whereyou take a lot of risk or dividend
producing options. This is what we'retalking about here. So by carefully sitting

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down and looking at your investment options, and that's why we created the Maggie
Plan is so dynamic and informative toyou because now is the time to generate
a plan and that's why we callit the Maggie Plan. And one of
the point that is very important duringtoday's show and every show is registered for
our seminar on estate planning, ontax planning, and so security planning.

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We cover all of these topics andit's up to you to come and get
educated. That's the bottom line.Get educated. First, understand the language,
understand the rules, and see howit applies to you and your retirement
plan. Because it's not about sellinga product. That's not something that you
need to have someone tell you whatto buy. But if you don't understand.
I had a gentleman the other daycall me and he said, Bobby,

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I've been with my advisor for sevenyears. He said, he's not
listening to me. I'm looking forsafety and he's given me all risk.
So when I ask him what hisrisk tolerance was, he had no idea.
So we talk about something called therule of one hundred. Take your
age minus one hundred and kind ofstart there on the baseline that you should
start keeping some money safe. Andwhat Chris is talking about is portfolios that

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basically give you gains when the marketgoes up and gains when the market goes
down. If you don't have that, now is the time to pick up
the phone and give us a call. Eight three three Maggie Tax. Visit
our website Maggie Tax dot com,register for our three and one seminar and
sit down and listen to what we'regoing to say, and then you make
the decision. You're all adults here, are so adult to adult this is

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simple. We try to educate.We've been doing this for years, so
Chris, this is so important everytime we sit down with the client.
Absolutely, and that's why education isextremely important. You know, we call
it the Maggie Plan because it's aplan for you. It's simple and easy
for you to understand. It's taxplanning, investment planning, Insharon's planning,
estate planning, social security maximization planning, and so it's all right there.

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Rolling over your phone on K you'refour one K to an IRA. It
can offer many advantages, but everyone'ssituation is different. Think carefully and weigh
your options. If you do decidea rollover is for you, consider doing
a direct rollover to an IRA insteadof a sixty day rollover. With a
direct rollover, your retirement funds goright to the IRA. You can avoid

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concerns about missing the sixty day deadline, and you can skip any withholding requirements.
So pick up the phone, scheduletime to meet with us. We
can help you. Eight three threeMaggie Tax. We have offices on both
sides of the bay. Visit ourwebsite. My dad talked about it before
the three and one seminar. Registerfor it. Education is extremely important,
So when you come to meet withus, we're gonna show you what you

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can do with your old four ohone K or four o one k's.
We can show you how to consolidateit no taxable event, and we can
do a plan put together an investmentplan for you. We call it the
Maggie Plan. Eight three three MaggieTax. That's eight three three Maggie tacks.
Stop planning for will Sam's retirement andstart planning for your retirement. As

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we return to the Maggie Tax andFinancial Hour with your host, father and
son, Robert and Chris Maggie.For additional information on how you can create
a tax free retirement, visit MaggieTax dot com. That's Maggi tax dot
com or call eight one three threetwo two twenty five twenty. That's eight

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one three three two two twenty fivetwenty now your host for the Maggie Tax
and Financial Hour, Father and sonfrom Maggie Tax Advisory and Financial Group,
Robert and Chris Maggie, welcome backto the Maggie Tax and Financial Show,
and we welcome everyone today and thankyou so much for listening. Do you
have an action plan to remove theIRS from your retirement picture. That's a

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great question. We have that planand you should too if you just work
with the right advisor. And Itell you why, because taxes will increase.
Your retirement is about taxes. Taxesare biggest expense. We have proven
strategies to damp in Uncle Sam's impacton your retirement. If you want to
take the IRS wildcard out of thedeck, then we can help pick up

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the phone and schedule a time tomeet with us. Eight three three Maggie
tax. And we have many provenstrategies that have proven indispensable in getting our
clients to a zero tax bracket.But it becomes understanding the language and it's
what worth the time to meet withus. We want to make it simple
and easy for you to understand,and the principles and tax strategies that we

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use have empowered meet to sound thealarm and rescue many of our clients financial
future and security from the looming threatof higher taxes. We talk about this
all the time. The retirement taxcalculator. Why because you're going to pay
a lot in taxes, so wecan help you. Give us a call
eight three three Maggie tax and wecould put the Maggie plant together for you,

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Chris. And you know that's whatpeople are looking for. Help absolutely,
and that's sit you know, helpwhy because you don't know what you
don't know? And that's okay.You know we do this every day.
We retire every day you retire once. Think about that for a minute.
You know we do this every day. You need some help and we can
help you. So pick up thephone, schedule time to meet with us.
Eight three three mag Attacks and ourpassion is for designing solutions for our

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clients. It's unparalleled in the industry, and that's why we're different. You
know, we have a niche wherewe help people have tax free retirement accounts
and tax free income. We providespecific strategies and IRIS approved solutions and why
it is so important to reduce yourincome taxes and look forward to a future
of a zero tax bracket. Youknow, we have clients that are receiving

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one hundred thousand dollars a year inincome and aren't paying a diamond tax.
Why because they developed these plans.We put together these plans for them,
and guess what, they're reaping theawards right now because now they don't have
to worry. They eliminated Uncle Samforever. You know. And the thing
here that we're trying to make youunderstand is that we understand taxes. We
understand the tax codes. They arethere and they have been there for years,

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but maybe your tax preparer is notusing it. You know, us
taxes are poised to rise dramatically.Think about it. In twenty twenty six.
It's gonna the Trump tax guts aregonna expire, and the math is
very clear and very simple. Wehave the most up to date strategies for
anyone listening to our show wanting toretire, because that's the biggest question we
get, Chris, can I retire? And when we sit down and show

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you you can, you're probably ina better situation that you can retire,
only because you don't know. LikeChris said, what you don't know and
that happens a lot. Chris,right, absolutely, And that's why it's
so important to sit down and havea conversation. Why because you don't know
what you don't know? And ifwe can educate you and we can show
you that this is what you're doingnow and this is what you can do,

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would you want to know? Andthe answer is absolutely. So.
All you gotta do is pick upthe phone, schedule time to meet with
us. We have office on bothsides of the bay, and when you
come in to meet with us,we're gonna have a conversation. You know,
we're gonna learn more about you.We're we're gonna look at your your
situation, your taxes, your accounts, figure out what your strategy is.
Do you have an income plan,do you have a tax plan, do
you have an investment plan? Doyou have an estate plan? Do you

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have a Social Security maximization plan?What about a Medicare plan? These are
questions that many retirees are answering ineach and every day, and they just
don't get the answer because they don'tknow where to go. Well, it's
very simple eight three three, MaggieTax. So think about it. Without
these techniques that we're offering, youare at the mercy of circumstances beyond your
control. What do I mean bythat called legislative risk. Legislative risk means

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the Congress can change the rules anytimeit's written in pencil, and every year
we see this. So things arechanging right now. So like it or
not, taxes are likely to rise, and now it's the time to reposition
your assets now to avoid higher taxesin the future. Now is the time,
Chris, How hard do we haveto say that to people? Because

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it's getting closer and closer to theTrump tax cuts expiring and people that listening
to the show may not even beaware of it. But things are going
to change. Well, let's justsaid. And you know, visit our
website at Maggie tax dot com.There's so much information right there at your
fingertips to help you, and that'swhy we're here. If you're serious about
maximizing your income in retirement, weuse strategies to help our clients become as

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tax efficient as possible. It's notjust about what accounts do you have,
and you know we can do thisand that, and we can increase it
and we can have this strategy.It's not about that. It's about taxes.
It's about the whole picture. It'sabout complete planning. Yeah, you
have a CD at three or fouror five percent whatever, but what are
you doing with that? How areyou maximizing on the tax side of it.

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That's what we're talking about here.We can guide you through the coming
tax crisis by helping you take advantageof the power of a zero percent tax
bracket. Who wants to get there? We can show you how to do
it by using the strategies that wedevelop a three three Maggie tax and again
we do advanced tax planning. Weunderstand taxes. When you come in,
we'll sit down with you, we'llgo over your tax return line by line,

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because if you're looking for a roadmapto shield your heart earned assets from
the impact of taxes, we canhelp. I say that every week by
talking to you about the strategies thatwe use have transformed retirement and protected them
from tax train wreck that is justaround the corner. Think about it,
a tax train wreck. That's what'scoming, Chris, and it doesn't have

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to be for you, and youcan get out of the way of that.
And that's why there are clients thatare going to pay a lot in
taxes, and then there's clients whoeliminated Uncle Sam forever and ever now,
so don't have to worry about thatin the future. Many of our clients
are well prepared for retirement. Youknow, with just a little bit of
proactive planning, you can insulate yourselfin the threat of higher taxes by creating

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a total tax free retirement plan.And how do you go about doing that,
Well, the first step is scheduletime to meet with us. We
have office on both sides of theBay and every Sunday we have our TV
show, Maggie Tax Financial Group.And guess what we know to talk about
taxes and tax planning and so securityplanning and income planning and tax planning and
investment planning. That's called the MaggiePlan. That's the holistic approach that we

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take, but we take it froma tax angle. Why because that's your
biggest expense and it will always beunless you eliminate Uncle Sam. So how
do you go about doing that?We can help pick up the phone and
schedule time to meet with us.Eight three three Maggie Tax. It's called
the Maggie Plan, simple and easyto understand. It's a tax plan,
it's an income plan, it's aninvestment plan. It's legacy planning, and

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many of you don't have that,so give us a call eight three three
Maggie Tax. Be sure to visitour website, Maggie Tax dot com.
We have a lot of information onthat site, and be sure to click
on the retirement calculator and in thirtyseconds we could show you what your retirement
bill will be. We have officesin Loots, we have an office in
Palm Harbor, and we have anoffice in Saint Pete. Very easy for
all of you to get to visitour website Maggie Tax dot com and give

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us a call. Eight three threeMaggie Tax. That's eight three three Maggie
Tax. Stop planning for Uncle Sam'sretirement and start planning for your retirement as
we return to the Maggie Tax andFinancial Hour with your host, father and
son, Robert and Chris Maggie.For additional information on how you can create
a tax free retirement, visit Maggietax dot com. That's Maggi tax dot

(19:22):
com or call eight one three threetwo two twenty five twenty. That's eight
one three three two two twenty fivetwenty. Now your host for the Maggie
Tax and Financial Hour, father andson from Maggie Tax Advisory and Financial Group,
Robert and Chris Maggie. Welcome backand thanks for joining us today.
My name is Robert Maggie and I'mhere with my son Chris Maggie. We

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are talking about a lot of information, but more importantly a couple things that
stand out. If you're just tuningin, register for our seminars educational seminars
on a state planning, on taxplanning, on so security, and a
lot more So. Go to ourwebsite Maggie Tax dot com. Right click
on seminars. You'll see the seminardates and locations. Pick one that's convenient
for you and just register and spendsome time with us. Also, if

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you have a retirement account like anIRA four oh one K four oh three
B A TSP. Remember it's alltaxable, taxable at what rate. Well,
if you go to my retirement calculateor on the top right click on
it and in thirty seconds we cantell you what your retirement tax bill will
be and then give us a call. Eight three three, Maggie tax set
of time. Let's have a conversation. Let's explain that to you so you

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understand it, because Chris, somany people are confused today. We just
talked about legislative risk, but theydon't know about you know, and situational
risk or situational changes. That hasa lot to do with every listener listening
to this show and watching our TVshow on Sunday, because every situation correct
me if I'm wrong, is different. They're not all the same. That's
it. And a lot of peopleexposed to have exposure to risks. There's

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income risk where you could run outof money. There's investment risk where if
the market goes down and you canlose principle and you can lose interest.
About tax risk, we talked aboutthat previous segments. Today, what if
the legislative risk changes and you goahead and have to pay more tax because
they increase the percentage of the taxesthat you have to pay. That means
less income to you. What aboutstate planning risks? If you don't have

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your accounts properly titled or beneficiaries inthe right spot, guess what you have
probate risk? So do you wantall those different things? There's many types
of risk that you have to lookat in retirement. And why are we
talking about this? Why do wehave a show like this? Why?
Because there's so much information to talkabout. We have clients that we meet
with each and every week and theycome to us and they want a full,

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complete plan. They just don't wantus to manage the money or just
to look at one thing. Theywant us to do everything because they're looking
for that advisor to do it.And we can help you in many ways.
You can manage your own money,but what about the risk that you
have associated with it? Are youdo you have it protected? Do you
have an idea? Are you doingbucket planning? And that's why we need
to meet because you need to understandthe different options that are available out there

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to protect you and yourself and alsoyour family. So pick up the phone,
schedule time to meet with us eightthree three, Maggie Tax. There's
so much there to talk about.Schedule time to meet with us eight three
three Maggie Tax. Now plan andsimple. It's a financial puzzle that you
have to put together. So let'stalk about a couple of things that we
always talk about. We talk aboutred money, green money, or red
money yellow money. But what isred money? Okay? Red money is

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all or the majority of your retirementapproach is subject to the risk of changing
taxes. Not only changing taxes,but market risk. Have you done a
risk analysis to see what color isyour money? We have clients come in
and we talk about, you know, the percentages. Seventy percent of their
money is in red. You know, thirty percent is green, and they
have no idea what that means.What it means is that you're at risk.

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Okay, you may have too muchin overweight tax deferred assets like maybe
deferred annuities and four oh one Kplans. Because this creates a common driver
of high retirement tax bill. Andagain, if you go to my retirement
tax bill on Maggie Tax, you'llsee exactly what this means. Why because
qualified accounts like four oh one ksand diarraise defer your taxes to the future,

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and these types of accounts expose youto hire risk if taxes rise in
the future or if regulation changes thetax rules that are applicable to these accounts,
because look, if you don't understandthe rules, then you're not going
to play the game correctly. Christand in my right when I say that,
because you have to understand the ruleswhen you play monopoly, you play
cards. I play cards with yourtwo kids all the time. If you

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don't understand the rules, then you'regonna lose, and it's not fun anymore.
And that's exactly right. So especiallyin the retirement game, because if
you retire, guess what, you'reretired, you're gonna go back to work.
If someone gonna hire you. Youknow you have to play that game
now. You don't want to,right, You retire for a reason because
you know you have enough money.You know you're gonna enjoy your retirement.
You're gonna know that you're in positionfinancially to make sure that you don't have

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to go back to work each andevery day. So when you do this,
you're exposed to risks. And theserisks that are out there. If
you can knock down those risks andeliminate them, you don't have to worry
about them. You don't have tofall victim to them when they happen,
because they're gonna happen to many,many people and they're just not prepared.
We see it each and every day. You think about this, how many

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people come in our office and donot have an estate plan They could be
sixty, sixty five, seventy,they could be fifty, and they have
no will, no estate planning,no proper beneficiary designation, no no trust,
they have no documents. You know, think about that, all those
years they've saved, and guess whatthey're subject to estate planning risks. Yeah,
but the answer we always get asigh, Yeah, but I'm meaning

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to do it, or I didn'tget to it yet. That's not a
good answer. But good, they'llget to what the garment will get to
it absolutely well. The point hereis that you can't just delay your retirement.
You can't delay the investments that youhave. You can't delay what's going
on in the future for things thatyou don't know what's going to happen.
So do it now. Put togetheran income plan. Now, even if
you're gonna retire in ten years out, make sure you're set up. What

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about your investments? Don't wait fiveyears or ten years before in retirement.
Do it now. If you're listeningtoday, let's get a second opinion.
Let's look at your investments. Let'sdo an investment review. Eliminate those investment
risk if you can, tax risk. We talk about that throughout the whole
show. It's not about tax preparation. It's about tax strategies and making sure
that you can get your money outof an area that's infected with taxes.

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The tax free money we can showyou. So pick up the phone,
schedule time to meet with us.We have bobs on both sides of the
bay. Eight three three Maggie taxschedule time A three three Maggie tax.
And one more thing. When youcome to the seminar. What Chris is
talking about we address a state planning. Who gets what and how is it
going to be distributed the way youwant it instead of going through probate.
So many of you listening today probablycan answer and shake your head, I

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don't have a plan. I don'thave a state planning. Well, what
we call enhanced planning. You don'thave a beneficiary on these accounts. Well,
that's the reason why we do theseshows. You know, even with
the retirement calculator, this is somethingthat will educate you on Wow, look
what my tax bill is going tobe in retirement. So if you have
a million dollars in a qualified plan, I'm sorry, but I have to
be the one to tell you.You don't have a million dollars in a

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retirement plan. You have that accountsinfected with taxes. And who wants to
be infected with anything? No onedoes, right, but your retirement account
is and many people don't understand thatwhen you need it most, Guess what
you have to pay Uncle Sam,And it's a question mark tax rate.
Think about this. If five yearsdown the road, say inflation gets even

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crazier than it is now, andyou need to take more out of your
retirement accounts, guess what you haveto pay Uncle Sam first? At what
rate? At his rate? That'scalled legislative risk. It's a question mark.
It could be it could be twentypercent now, but in the future
it could be twenty eight percent.Think about it. That's less to you
and more to Uncle Sam. Thatchanges your lifestyle. Who wants that?

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You don't want that. That's whyyou need to get a plan. Pick
up the phone, schedule time tomeet with us. I don't care if
you're about to retire, retired,it doesn't matter. You're going to be
subject to these risks if you don'tget them in monitor them. So pick
up the phone, schedule time tomeet with us. Eight three three,
Maggie Tax. Write this down eightthree three, Maggie Tax. And you
mentioned one thing before we wrote offfirst book. Stop funding Uncle Sam's retirement

(27:11):
and get a plan that's simple andeasy to understand, because that's what everyone's
doing out there. You're funding UncleSam's retirement. Taxes are going to be
effective. So when you talk aboutred money, it's risk. We want
to take a look at that foryou. So, Chris, let's talk
about yellow money, because this issomething that you know is confusing to people
because they don't understand the language.But as many times as we have taken
the red money off the table andput it into green, we also can

(27:33):
put some money into yellow and there'sa reason why we do that. Yeah,
and yellow money is you can stayin the market. That's fine,
but have active money management. Makesure that's a team behind you. You
know you're better off with a team, you're not better off by yourself.
We all know that if you've playedsports, you know the power of a
team. And when you have someonewho has the best interest in your mind

(27:53):
and they help you, then it'sa great team. So when you have
yellow money, you have a moreof a balance exposure to the risks of
changing taxes as well as the investmentexposure. But there may be more you
can do. While some of theseof these assets are protected from tax changes,
you may want to consider additional diversificationto meet your goals. When it
comes to protection from the risk ofchanging taxes. There's protection inflation protection portfolios,

(28:19):
there's portfolios using dividends. There's portfoliosif the market goes down you could
take money. There's inverse portfolios,there's markets where you have a buffer.
So there's a lot of different thingsyou can do to help you Your retirement
approach is likely well diversified to protectagainst the risk of changing taxes. My
gosh, think about this. We'retalking about each and every day taxes.

(28:41):
Taxes, taxes not just about taxpreparation. It's your investment risk, it's
your income risk, it's your taxrisk. Let's discuss what your risk score
is and how it relates to yourrisk tolerance. Time and time again,
we meet with husband and wife andmaybe the husband wants to be aggressive,
but the wife wants to be conservative. Is all your money invested in an

(29:02):
aggressive stance? Do you know?But we can help you if you come
in and meet with us, wecan look at what you have and do
a second opinion, and then fromthere we can show you what you can
do create bucket planning eight three threeMaggie tax Think about it. We talk
about a financial puzzle. You havefinancial situations like your IRA and your four
oh one K managing risk that Chrisis talking about social security planning, retirement

(29:26):
income planning. What about taxes?Taxes, individual taxes? What about corporate
and escorps? What about partnerships?What about trust and the states? What
about gift tax This is what wetalk to every client out there, because
you can't just go to one placeand find out the answers to these That's
a financial puzzle. What about legalHow many of you do not have a
will and a trust or powers ofattorney or nursing home protection. What about

(29:49):
charitable planning? How many of youare charitably inclined? Because this helps you
along the way, you know,as you get through retirement. Because this
is the financial puzzle we're talking about. What about insurance? What about life
insurance? I know people say,well, you know, I don't want
life insurance because I don't want togive it to the company. I can
tell you that we've helped a lotof people that have had life insurance and

(30:10):
get a tax free check when thathappens. I know you're not looking for
that, but that's part of whatyou do. What about fixed index annuities?
What about medicare? What about longterm care? Are you talking about
this to your advisor? What abouta funeral trust? This is called holistic
planning. This is called the MaggiePlan. This is what we do.
So for all of you that arelistening, go to our seminar. Go

(30:30):
to Maggie Tax Register for the seminarscoming up about an hour and a half
of your time. It'll help youunderstand the language, get educated. And
my gosh, you talk about somany different topics right there that we go
on and on and on about eachone of those and it takes time.
And when you come into meet withus, we're gonna educate you. We're
gonna sit down. We're not goingto overwhelm you or overpower you. That's
not what this is about. Ifyou're looking for an advisor that you can

(30:52):
talk to, someone that you cantake your time with and get educated and
make the right decisions based on whatyou want, and we can help pick
up the phone schedule time to meetwith eight three three Maggie Tax. We'll
look forward to meeting with you eightthree three Magge Attacks. Stop planning for
Uncle Sam's retirement and start planning foryour retirement. As we return to the

(31:15):
Maggie Tax and Financial Hour with yourhost, father and son Robert and Chris
Maggie. For additional information on howyou can create a tax free retirement,
visit Maggie Tax dot com. That'sm a Ggi tax dot com or call
eight one three three two two twentyfive twenty that's eight one three three two

(31:36):
two twenty five twenty Now your hostfor the Maggie Tax and Financial Hour,
Father and son from Maggie Tax Advisoryand Financial Group, Robert and Chris Maggie.
Are you looking for the most taxadvantaged ways to save under the tax
code. Where we can help.That's what we do. So welcome back
to the Maggat Tacks and Financial Show. Get the holistic retirement plan. That's

(31:56):
what we do here. Get acomplete retirement plan. Get the Maggie Plan.
It's a tax plan, it's anincome plan. It's a simple and
easy plan for you to understand.It's an investment plan. It's called the
Maggie Plan. If you don't havethe Maggie Plan, get the Maggie Plan
because it's a complete holistic approach foryou for your retirement eight three three Maggie

(32:17):
Tax. And what we're trying tosay to everyone out there is get out
of the line of fire if they'reshooting bullets at you, and be aware
of the heightened legislative risk that we'retalking about that will affect qualified accounts and
wrought the accounts. And we canhelp. What is risk. It is
market risk, it's income risk,it's tax risk, it's legislative risk.

(32:40):
Which one will do the most damageto you, And we can help create
a new like Chris mentioned, anew holistic plan today. Get the Maggie
Plan. So when do you wantthe I R s to get their taxes.
You know, we can show youa way to pay the taxes now
before the Trump tax cuts expire andyou get an increase of thirty percent.
And if you can learned about marketrisk, income risk or taxes, then

(33:02):
you have what we call an incompleteplan and get a new plan and a
holistic plan. Get the Maggie Plan. How many of you have an IRA
or a ferral? One k youhave a tax deferral plan, but we
can show you the cost of taxdeferral before taxes increase. Go to my
website, Maggie tax dot com andclick on the retirement calculator. I challenge
all of you. Go ahead anddo it and plug it in and I'll

(33:25):
respond to you. But you're gonnaget the information that's gonna shock you.
You know, it's really interesting.You mentioned different types of risks, and
many people just think of risk asmarket risk. Well, you have an
income risk if you don't have anincome plan and you run out of money.
You know what about legislative risk?Many people are talking about how the
tax code changes. Well, ifyou have the risk of these laws changing

(33:46):
and taxes increasing, and guess what, less income for you. What about
the investment risk? You know,yeah, the market with the volatility,
that's another risk. So what areyou doing about it? That's why we
do the show. That's why wedo this each and every week. That's
why I have a show on Sundayfor the Maggie Tax and Financial Show,

(34:07):
because we want to educate you.There's so much there to talk about because
people need help. You need helpout there. You know. We care
about our retirement plans. Why becausepeople could pay less tax, have more
income. They don't have to losewhen the market goes down forty percent.
Where is it written that you haveto lose thirty percent or forty percent like
everyone else? Where is it writtenthat you have to go down that ride?

(34:30):
You don't have to. So ifyou're in that environment right now and
you want out and you don't knowhow to get out, we can show
you. If you're looking for strategiesfor your investment plan, if you want
an income plant that correlates with yourtax plan, then guess what we can
help. So pick up the phone, schedule time to meet with us.
Eight three three Maggie Tax. Andyou could write this down because all of

(34:52):
your retirement assets there under attack fromtaxes and legislative risk. And remember that
word legislative risk. And we canhelp get the new Holistic Plan, get
the Maggie Plan. Think about this, buy out the irs and eliminate tax
risks today. Let irs get whatthey are supposed to get. Now,
I know that sounds weird, butit's the truth. When taxes are low,

(35:12):
that's where it is right now.Get a new Holistic plan and get
the Maggie Plan. And folks,what we're trying to say to you here
is you have to understand that taxesare low right now. They are.
They're at their lowest amount ever.And if you remember back to the eighties
and many of you listening, itwas at eighty ninety percent. Do you
think that could happen again? Absolutelyyou can. So let's eliminate risk and

(35:34):
mitigate tax risk. Take action todayand protect your retirement and get a self
completing plan. Think about that.Get the new Holistic plan and get the
Maggie Plan. But make it acomplete plan. Write that down the language.
Complete plan and Chris, that's whatpeople we see, do not have
them. We throw that on thetable all of a sudden, You know,
the lightbulbs go on and they go. You know, I didn't think

(35:55):
about it that way. You guysare right. It is because if you
have an incomplete plan, you gotproblems that shit and you know it said
a great point. I'm gonna justreiterate what you said. And you know
your retirement assets are under attack,and think about it. They are,
and they lead you down the roadwhere everything's cool, where you don't have
to pay taxes on it. Now, tax deferral, tax deferral, tax

(36:15):
deferral. With those iras and formin k's, everything's great. But guess
what, they're under attack because they'reinfected with taxes. Eliminate Uncle Sam forever
and ever. They are a silentpartner, Eliminate them. How do you
go about doing it? We canshow you. That's why it's so important
to get together and let's have aconversation, because maybe you do should do

(36:35):
a strategic rollout from your IRA toyour roth IRA. We'll create a tax
free bucket and retirement so you don'thave to worry about the increasing taxes or
the legislative risk, or the differenttypes of risk that we talked about early
on in today's show. When itcomes to retirement. The tax code is
written in pencil. What are youdoing about it? They can change it.
So when it comes to retirement,the irs is your silent partner.

(36:58):
In your form and k your IRA, you have no protection. Get a
plan. We call it the MaggiePlan. It's time to take back ownership.
Why because you deserve it. Youwork hard. You work hard all
those hours, all those times youget up in the morning, all those
times that you do things that youcan't do because you have to work,
and you save for retirement, andyou do the right thing. Guess what

(37:21):
they're going to go after people whohave the money. You have the money,
So what are they going to do? They want to tax you.
So do me a favor, doyourself a favor. Listen to what we're
saying here. Pick up the phone, schedule time to meet with us.
Visit our website at Maggie tax dotcom. Get educated, know something about
retirement and we can help you athree three Maggie tax. I think about

(37:42):
this, creating a plan for youfor your financial will being I know it
could be a lot, you know, like solving a jigsaw puzzle, but
our comprehensive approach can help you putthe pieces together. So we begin by
working with you to identify your shortand long term goals. Are you doing
that? We use these goals asour primary focus to provide you with innovative
strategies and solutions that we're talking about, and we continue to partner with you

(38:07):
through the changing landscape, through thelegislative risk, through the tax risk,
through the income risk, through theinvestment risk, through a legacy planning risk,
through college planning risk. If you'renot talking about that, or your
advisors not talking about that, shameon them. Look pick up the phone.
Eight three three Maggie Tax. Besure to visit our website Maggie Tax
dot com. Click on the retirementcalculator and see what I mean. In

(38:30):
thirty seconds, we can tell youwhat your retirement tax bill will be.
Schedule time to meet with us.Operators are standing by right now. Eight
three three Maggie Tax. That's eightthree three Maggie Tax. You've been listening
to the Maggie Tax and Financial Hourdiscussing tax planning, investment strategies presented by
Robert and Chris Maggie from Maggie TaxAdvisory and Financial Services with offices in Hillsborough

(38:55):
and Pinella's County. Visit Maggie Taxdot com or call eight one three three
two two twenty five twenty. That'seight one three three two two twenty five
twenty and tune in next Saturday atfive for the Maggie Tax and Financial Hour