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
and 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
seventy WFLA. Robert and Chris Maggie.
Speaker 2 (00:52):
Welcome every one, and thanks for joining us today. My
name is Robert Maggie and I'm here with my son
and co host, Chris Maggie. We have a lot to
talk about, so buckle up and if you have any questions,
give us a call eight one to three nine zero
nine zero zero two two and visit our website Maggie
tax dot com. And Chris, I think the biggest thing
right now that everybody's talking about is what taxes. So
(01:13):
let's talk about tax efficient income planning because a lot
of people out there don't understand the taxes are going
to rise in the next few years and what are
we going to do about it? And what are you
doing about it? Personal everybody comes in and they're complaining
about taxes too high. Folks, look go back to the
eighties and the nineties and see how high taxes were,
and look at it now. This is the lowest tax
(01:33):
rate we're at. So, Chris, why aren't people taking advantage
of this? Well, not only that they just don't get educated.
They really don't know what to do.
Speaker 3 (01:40):
Most advisors out there, most tax planners are even most
advisors just don't deal with taxes. They don't know and
they're not giving the right information to you out there,
and that's what's so important. So tax efficient income planning
is getting the most after tax income from the most
tax efficient strategies.
Speaker 4 (01:57):
So let's talk about this.
Speaker 3 (01:59):
You have IRA, you have form and k's all these
accounts out there are infected with taxes. Now's the time
to slowly or even rip off the band aid, depending
on what the situation is for you to get money
into a tax free environment. And how many of you
would would want tax free income?
Speaker 2 (02:18):
Well, they do, but they don't know how to get it.
Like you just mentioned how to take a band aid,
take it off slowly instead of just ripping it off
and you know, paying a big tax. And again I
think because people do not understand the tax brackets and
how they work. So what do I mean by tax
efficient income planning? What I mean is helping you every
one of you get the most after tax income from
the most tax efficient strategy. And how many of you
(02:40):
would like that? And the question is is your advisor
talking about is your tax preparer talking about? Is your
bank talking about it? Is your broker talking about it?
What's the answer?
Speaker 3 (02:49):
We get? Answer is no, So there's no really tax
planning going on right now with most people out there,
and it's so crucial to get that done. And that's
what we do each and every day. We take a
tax approach to help our clients. You know, we have
three divisions, our tax division, our insurance division, our investment division.
We also have attorneys that do with stay planning, so
we do complete holistic planning. So my question to you
(03:11):
and everyone listening today is what's your plan? Do you
have a plan? Do you have tax diversification? Everyone talks
about income or even investment diversification, but what about tax diversification.
I bet nearly one hundred percent of you don't want
to pay more in taxes than you really have to.
And as my dad mentioned, many advisors have looked at
(03:31):
the risk balance or even asset allocation of a portfolio,
but how many advisors really have discussed tax allocation? And
now is the time to focus on converting some of
your tax deferred assets into tax free assets.
Speaker 2 (03:45):
And here's the thing. The legislation artificially lowers tax rates
for a limited time, and most of the household tax
cuts expire in twenty twenty five. And Chris and I've
been talking about this every show for years, and that
is what you have to focus on. It's giving you
three years to convert your assets at a lower rate,
and I do an after tax statement. I'm offering that
to every single one of you listening today, there's no cost,
(04:08):
there's no obligation. But like I say on the TV
showing in the radio, we could save you hundreds even
thousands of dollars if you start looking at what we
do with tax analysis, Kristen. People just are afraid to
sit down and take a look at that, and they
shouldn't be afraid because it's something that you have to explore.
You have to sit down and if you work with
the right advisor, we can go through different different options
(04:29):
to show you what's the best one for you. And
would you rather be in position where you could take
advantage of tax free income in the future when tax
rates go up or do you want to fall victim
to paying huge amount and taxes. That's the question that
we have for you. And that's just from the tax
side of it. And when people start taking income, many
people want income in a most tax efficient way.
Speaker 4 (04:50):
We all do.
Speaker 3 (04:51):
But how do you get there? And we've been taught,
you've been taught to put money away tax deferred form
on k's IRAS form on k's iras, tax deferral, tax
defro Well, we have clients that come in and have
millions of dollars in iras, big deal doesn't matter. That's
not all of them. They don't understand that. Guess what
does a tax do? At some point they have a
mortgage against their IRA and they have no idea what
(05:14):
it's going to be. It's a question mark tax rate.
Who wants to go into retirement not knowing how much
is going to pay a tax?
Speaker 2 (05:20):
Let me give you another little situation, you know, just
stay on that for a minute. We had a client
come in last week and he had multiple four oh
one k's, multiple four O three b's, He had an IRA,
and he had no idea what was gonna what's gonna
happen when he starts taking the money out? And we
asked him, why do you keep all those accounts opening
so well? Because I went to different advisor and they
opened up another one. And what we did was we
(05:41):
consolidated all of them into one bucket, which we'll talk
about later bucket planning. Because he had no idea what
he had, how much tax he was going to pay
until we did the after tax statement. Christend It made
him start to wonder like, how come I haven't been
told about this before?
Speaker 4 (05:55):
Well, that's just it. Your advisor ain't talking about it.
Speaker 3 (05:57):
They're not taking a tax advantage strategy, just talking about
investments or products or whatever they're talking about. And that's
where we're different because we take a holistic approach. And
if you're not serious about paying less in tax, then
stay where you're at because I'm telling you, in the future,
when you need the income the most, you're going to
pay a lot to Uncle Sam, especially what's going on
(06:18):
right now. But if you have a strategy, a tax
diversification strategy, an income strategy, an investment strategy, then you're
going to be on the other side of this. And
that's where our clients are, and that's what they're taking
advantage of because they see it's so important. And all
you have to do is pick up the phone a
schedule time to meet with us. Eight three three Maggie Tax.
Visit our website at Maggie tax dot com. There's so
(06:39):
much information right there at your fingertips. But come in
meet with us. Let's have a conversation. Let's talk about you.
Let's talk about your situation. I don't care about your brother,
or your neighbor or your friend.
Speaker 4 (06:49):
It doesn't matter.
Speaker 3 (06:50):
It's about you and what you want to do for
future tax free income.
Speaker 2 (06:54):
Yeah, and I think the other thing is, you know,
advisors don't understand what to do. They just want to
move your money and that's what they're doing right now.
How the market's up, big deal. But when this market
goes down, what are you going to do? And how
are you going to figure out what kind of income
you have? That's the big question income planning. So we
have three divisions. We have a tax division, we have
an income division, we have an investment division, and we
have a legacy division. And folks, this is all on you.
(07:16):
The three divisions we work together. We do a state planning. Okay,
how many of you do not have an estate plan?
How simple is it? I'll tell you, check your beneficiary
form and Chris, we see this all the time because
many people out there don't check their beneficiary or they
get divorced or they lose a spouse and don't change
the beneficiary and update it. And folks, I'm going to
tell you it's going to be a horror show if
(07:37):
you don't sit down with someone and go over these
estate plan documents you have. Chris, we see it all
the time. That is why we do holistic planning.
Speaker 3 (07:45):
We care about our clients because we're going to make
sure that they're in position to take advantage of these opportunities.
We want them to have more income on a tax
favored basis. We want them to take advantage of the
market when it goes down. We want them to make
sure that they pay a least amount of taxes possible.
We want them to make sure that everything they have
is going to be easily transferred to the people they love.
That's what it's about in the most tax efficient way.
(08:06):
So pick up the phone, schedule time to meet with us.
Eight three three, Magie tax. That's eight three three, Maggie tax.
Speaker 4 (08:12):
Dad. Let's talk about an example. We have one.
Speaker 3 (08:15):
If you're sixty three years old and you have two
hundred thousand dollars in your IRA, and you may want
to convert.
Speaker 2 (08:20):
What happens, Well, if you convert it, then you're going
to have to pay the tax now based on your
current age. There's urgency for you right now. So let's
say that you're in a twenty five percent tax bracket
and your account grows five percent a year. And that's
just being I guess realistic, but just go with me
for a minute. So again, you're in a twenty five
percent tax bracket. Your account grows five percent a year.
(08:42):
So here's the total amount of taxes that you could
potentially pay from that two hundred thousand from today through
age ninety. And this is a report that we show
you when you come in. So if you keep the
qualified account the way it is in taxes, you would
pay one hundred and fifty two thousand, two hundred and
fifty seven dollars. That's because of the tax that you
have to pay.
Speaker 3 (09:01):
Well, you got to pay tax on the rm ds
call the requirement and distributions that you're gonna take out.
Get to pay tax on the money that you take
out for the rm ds, you reinvest them. Guess what
you gotta pay tax on the interest. And then guess
what what happens when you pass away. This is a
death tax, so you have to pay tax. So that
two hundred thousand dollars ira that you let grow tax
deferred all the way to age ninety at five percent growth,
(09:23):
you're gonna pay one hundred and fifty two thousand dollars
in tax.
Speaker 2 (09:26):
So if you convert tax free, you're gonna pay fifty
thousand dollars in taxes. So here's the question, which would
you rather pay fifty thousand or one hundred and fifty
two thousand. Think about that because we're gonna talk more
about this, So give us a call eight one to
three nine zero nine zero zero two to two. Visit
our website Maggie tax dot com. We have a lot
of videos there, college planning, federal employees, roth conversion, tax
(09:49):
free retirement, and whata'ts y'all show every Sunday on ABC
at ten thirty am. Let's go through this when we
come back because we have more to talk about. So
just just understand, make the call. It's up to you. So,
keeping your IRA is going to cost you an extra
one hundred and two thousand dollars in taxes, and if
you spend the R and ds rather than reinvesting them,
it's still costing you an extra seventy two thousand to
(10:12):
keep your IRA. So why would you do that? See,
that's the point we're trying to make having tax planning
and have an after tax statement. Come in, bring your
IRA in, Let's take a look at it. Let's put
the numbers on the paper and show exactly what it looks. Folks.
It's not going to be hard for you to look
at this and understand what you can do. Visit our website,
Maggie Tax dot com and we'll go. We can run
(10:32):
a free after tax analysis for all of you. That's
what we want to do for you, absolutely free. We
have the tax software to show all of you again
eight one to three nine zero nine zero zero two
two to show to visit Maggie Tax dot com and
watch our TV show every Sunday on ABC at ten
thirty Maggie Tax dot Com and give us a call
(10:52):
eight three three Magi Tax. And you're listening to the
Magi Tax and Financial Show.
Speaker 1 (10:58):
Stop planning for Uncle Sam's or timeirement 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
(11:19):
three 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 (11:36):
Welcome back everyone, and thanks for joining us. My name
is Robert Maggie and I'm here with my son, Chris Maggie.
So don't forget be sure to visit our website, Maggie
Tax dot com, and every Sunday at ten thirty am,
tune into our show on ABC TV, The Maggie Tax
and Financial Show. So today we've been talking about tax
diversification and there's a lot going on with that. So
(11:56):
if you're not sure, then make an appointment. We have
operators standing by right now. Eight three three Maggie Tax.
So I have a question, Chris, that I want to
ask everybody. How is it possible to pay more taxes
in retirement? And when estimating your future tax bracket, keep
in mind that taxable withdrawals from retirement accounts, especially lump
sum with drolls, could push you into a higher tax bracket.
(12:19):
So when you have an IRRA or qualified account, any
withdrawals are taxable at your income rate. And people don't
think about this, Chris, when they take money out of
a tax deferred account.
Speaker 4 (12:29):
Well that's just it.
Speaker 3 (12:30):
I mean, we meet with a lot of clients each
and every week and your new clients come in and
they put their statements on the desk and say, yeah,
I got a form on K where it's seven hundred
and fifty thousand, or I got a formal cave or
which is where it's four hundred thousand, or I got
a formal K that's worth three million dollars. Well, guess what,
that's not your money. You Uncle Sam is going to
get a piece of that. And that's why when you
(12:51):
start taking money out, you can go ahead and put
yourself in a higher tax bracket. And these accounts is
they keep growing tax deferred in tax deferral mode, they're
increasing the value. But also when you start taking money out,
it could push you in a higher tax bracket. So
what are you doing about it? Are you looking at
that stuff now? Because if not, why not? Taxes are
(13:12):
our biggest expense. And if your advisor's not talking about it,
you need to pick up the phone and schedule time
to meet with us. This is the biggest stealth tax
that's out there. It's going to be taxes. So when
we discuss tax free accounts and strategic planning, the goal
is to move taxable accounts to tax free accounts and
tax deferra will cost you more when you would draw.
Speaker 2 (13:32):
So if you have a question about that, that's one
solution we can help. But folks, you have to come
in and make an appointment. You have to sit down
Chris and I and let's go over and show you
exactly what this is. And another question, can tax diversification
provide more flexibility? And the answer is absolutely and give
you more control. If you do tax planning and do
(13:53):
some strategic planning, you can have more flexibility when you retire. Chris,
we talk about legislative risk all the time. No one's
talking about legislative risk, and this is what we're talking about.
They can change the rules and I always tell people,
if you're going to play a game, know the rules
before you start. Why would you go into a game
and not know the rules. So even using roth accounts
(14:14):
or cash Value Life insurance, you can develop a plan
with less tax and more control and flexibility. And we
also use bucket planning so you could pay less tax
and have more tax free income. Chris, we met with
a client the other day and we showed them they
had plenty of accounts, and then we used Cash Value
Life insurance and they did not see the value of
(14:36):
it until we explained. Can you kind of talk about
why that was so important to them.
Speaker 3 (14:40):
Well, we created the buckets and then you know, we
created like five different buckets for them, and they with
a purpose and strategically. So then we got to the income,
and then they needed some income for on top of
the soil security in the pension. So when we looked
at it, we shown the tax return and they were impressed.
They said, well, I have to be paying more income
than that because I'm taking another of sixty thousand dollars
(15:01):
out of my accounts. And we said, well, let me
show you why. It's called tax diversification. So the buckets
that we created, we took a little bit from his
taxabowl account like his IRA that he had to take
a little bit out was one thousand dollars a month,
which is twelve thousand a year. Then we took the
majority from his WROTH account and also cash value life insurance,
so he had the remaining income come in the front
(15:24):
door every month and paid lesson tax. So this is
what we're talking about here, and he was just blown away.
He said, oh my gosh, I had no idea I
could do this. So everyone always thinks about investments, investments,
that's financial planning, investments, investments. Well, no, there's so much
more to that. Dad, you mentioned a great point. Why
play a game if you don't know the rules? Right,
(15:44):
So many people play the IRA game and they really
know the rules, but they really don't want to face
the rules because when they start taking money out, it's
all fully taxable and again in a question mark tax rate.
So when we got done with this the client, we
showed him his tax and he sat back and he said,
oh my gosh, I can have even more income and
(16:05):
pay less tax.
Speaker 4 (16:06):
And that was it.
Speaker 3 (16:06):
That was the buzzer beater right there, because he was
just excited and he said, I'm so glad I came
to you because now I have a plan.
Speaker 2 (16:14):
Because the problem is that, Chris, most advisors don't talk
about tax diversification. We talk about it every single day.
And that's what you have to start paying attention to.
You know, the legislative risk. What's Congress going to do? So?
Can tax diversification provide more flexibility? Absolutely, you just have
to sit down and take a look at it. Another question,
(16:35):
can tax diversification guard against future tax increases. And the
answer is yes. As we've been discussing, when you do
strategic planning and lower your tax bill now, you definitely
can lower your future tax bill. You pay the taxes
now at the lowest level now, because when taxes go up,
(16:55):
you will have a tax bill and they have to
tax statement. So do some planning now and we can
do an after tax statement to explain what future taxes
will look like. You know, like they say, pay me
now or pay me later. And Chris, the bottom line
is the way taxes. And we ask this question everyone
out there, do you think taxes will go up? And
what's the end?
Speaker 4 (17:14):
So we get most people say yes, what if you're
waiting for.
Speaker 3 (17:18):
Well, that's why it's so important to pick up the
phone schedule a time to meet with us.
Speaker 4 (17:21):
Eight three three Magi Tax.
Speaker 3 (17:23):
When you go to our website Maggi tax dot com,
there's so much information there from income planning, social security
maximization planning, investment planning. You know, we're a registered investment
advisory firm. As a fiduciary, we can do investment plans.
That's what it's about. So if you have a brokerage account,
let's do a second opinion. You know, maybe you have
a retail advisor who just sells you something, who's more transactional.
(17:45):
You don't need to be there. You can be on
another side where it's institutional investment. We have a team
actively managing your money. You know what what's so important
is education and we believe in that. I don't know
if people out there have heard of Ed Slott, which
is one of the best to IRA experts in the
whole country, and we've trained with him. He's been on
PBS with us. He might have seen his show Stay
(18:07):
Rich Forever and Ever. But we met with him a
couple of weeks ago and a two day educational event
on IRIS and roth iras and tax free money. And
think about this. Someone in the room asked him how
much IRA money do you have? And he said, I
have no problem telling everybody and the answer is zero.
He has none. So what does that mean to you
(18:30):
is that he is in an environment of tax free
So you can be there too if you have the
right advisor. And that's what we do. So pick up
the phone, schedule time to meet with us. Let's get together,
Let's have a conversation. You know, we're not talking about
all your money should be converted to a roth ira.
But if you have a plan, maybe you can get there.
So when they do raise rates, guess what you'd be
(18:52):
in a better situation. It's called tax diversification. Pick up
the phone, schedule time to meet with us. Eight three
to three Maggie Tax. That's eight three to three Maggie Tax.
Speaker 1 (19:03):
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 gg I tax dot com. Or call eight one
(19:25):
three 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. You're listening to the Maggie Tax and Financial Show.
I am Robert Maggie and I'm here with my son
Chris Maggie. Today we've been talking about financial literacy. And
you know what, we offer a Maggie Tax because we
wrote five books. We're willing to get all these books
to you because we feel you need to get educated
on a lot of topics. So let's talk about two
other books that we wrote that we are very proud of,
(20:03):
and it's called the Maggie Plan, and this is the
most important one that I feel. The Maggi Plan is
a book about a simple and easy retirement solution. And
think about the word I'm saying, solution. So what is
your solution to retirement? To income planning? To taxes? Because
that's what we do. We talk about advanced tax planning
because if and when taxes increase, we're going to have
(20:25):
to pay a bill to Uncle Sam. And how much
income will you need and how much will it be
in taxes? How much will be taxed. That's also called
income planning. Another very powerful word that we will be
hearing about is legislator risk. What the heck is legislature risk?
And that's when Congress can change the rules whenever they want.
(20:45):
And the Maggi Plan also talks about social security, and
many of you want to know when the best time
to take social security? How much will be taxed and
this is another reason that you should all have the
Maggie Plan. And Chris talk about more of what the
Maggie Plan is because every time we down with someone,
these are the questions that we ask the.
Speaker 4 (21:02):
Well, you mentioned a keyword there. What's your solution?
Speaker 3 (21:04):
Do you have one? Many people out there maybe you
just don't have one, but you need to. You know,
this is your hard earned money. This is your blood,
sweat and tears. You know those financial statements that you
receive in the mail, that's you. You know, I don't
care if it's two hundred thousand, I don't care if
it's two million, I don't care if it's twenty million,
it doesn't matter. This is about you. What are you
(21:25):
doing with it? What's your solution? Do you even have one?
We all want solutions, we all want to make things better,
and that's what life's all about. So we're in ayoo
economy where you're on your own. You have to do
something now. That's why financial literacy is so important. We've
been doing it for years to educate you and that's
why you listen to today's show. But very one, very simple
(21:46):
thing that you can do is just write this number down.
Eight three to three, Maggie Tax. Pick up the phone,
schedule time to meet with us, because we can put
together the Maggie Plan for you. It's advanced tax planning,
tax planning strategies. If your advisor is not taking a
tax approach, there's really no reason why you should be
with them. Why because taxes are our biggest expense. And
(22:08):
if they're not showing you ways to reduce them or
ways to put yourself in a situation to avoid them,
that's what I'm talking about, then you're not in the
right spot. You need to pick up the phone and
schedule time to meet with us, because there's going to
be a day. There's going to be a time, whether
it's next year, whether it's five years from now, whether
it's ten years from now, when you're going to think about,
oh my god, I cannot believe how much I'm paying
in taxes. Put yourself in an environment where you don't
(22:31):
have to worry about this anymore. You can eliminate Uncle
Sam forever. If you do the right thing, we can
show you eight three three Maggie Tax.
Speaker 2 (22:39):
Well, in line with that, think about when the Trump
tax cuts expire and we talk about this to a client.
He's got a three year window to make the strategic
roll out that Chris is talking about and reduce your
taxes happen. And that's what we can do. We could
show it to you because when you see it on paper,
it's real numbers. And that's what the Maggie Plan is
all about. Read about social security, about taxes. It also
(23:01):
addresses something Chris that's real important right now, four oh
one case solutions. How many people come in to see
us and they show us their statement and they have
old four oh one k's. Well, not even that they
don't remember they had a four.
Speaker 3 (23:14):
H one k, that's just it. They have many accounts
that are everywhere. You know, it doesn't matter what you have.
You need to make sure that they're consolidated it. Make
sure that you have an idea where they are at.
Why because if something happens to you, then you want
to make sure it passes. And I'm not just talking
about your checking and savings accounts. I'm talking about life
insurance policies. I'm talking about old four one k's. I'm
talking about the investments that you have. Every one of
(23:36):
them should be on a balance sheet. We coordinate that
for you. We show you on one page what you
have to make it very simple. What's taxable? What's not taxable.
Many people out there want to take a distribution.
Speaker 4 (23:48):
Where do they go?
Speaker 3 (23:49):
They just take it from an IRA. It's all taxable.
It's all effected with taxes. What if you understand or
your advisor understands of tax codes and so when you
need twenty thousand dollars, maybe you take some from here
this bucket, that bucket in this bucket and pay no tax.
Why because you could be under the threshold income. What
am I talking about? These are things that your advisors
should be talking about. If not, that's why you should
(24:11):
pick up the phone in schedule a time to meet
with us. We're talking about solutions here. What is your solution?
If you don't have a solution, it's okay, just pick
up the phone, schedule time to meet with us.
Speaker 4 (24:21):
Eight three to three, Maggie, tax you beat me too.
Speaker 2 (24:24):
It I didn't want to keep repeating the word, but
it is solutions. And that's the problem. And here's the thing.
When we do a balance sheet, we shouldn't call it
a balance sheet anymore, Chris. We should call it a
solution sheet because then what you just mentioned. I know
everybody's listening to goal like, I have no idea what
they're talking about. But many of you that have seen
the balance sheet that Chris and I are talking about,
show you your piles of money, show you where your
(24:44):
four oh one k's are and that you can move them,
not just leave them where they You know where they
are now, So what are you doing about it? Do
you know when and how to roll over your four
oh one k We see this all the time because
many people have been lost their jobs and they're changing
jobs all the time. There are safe and here the
word solutions, and that's why we need this book on
the Maggie Plan for you. What about legacy planning? We
(25:06):
discuss why you'll need a will or a power of attorney.
We explain the difference of a trust and why you
should have one, and what a will is and why
you should have one. Of Chris, many people that we
see every single day and we ask them do you
have a will? And they always go like, uh, yeah,
I think.
Speaker 3 (25:22):
So, or they say well we have one. And then
you know, we asked, well when when did you put
it together? Well, twenty years ago, ten states ago, but anyway.
We're not joking about it, but it's looks real. That's
the thing. You might be thinking, oh my gosh, I
got everything in my uh situation, you know, in the
right spot. But really your peers, maybe your parents, they don't.
(25:45):
And it's okay if you get the right help. And
that's why it's it's such a great feeling when we
get done put any other a plan for somebody and
they have the confidence, they have the clarity, they can
move forward and they know, you could see it in
their eyes that my gosh, I should have been doing
this for years and I finally got it done. Because
it just propels them in a better situation. They know
(26:05):
that if anything happens to them, they don't have to
worry about that. Their loved ones, they don't have to
worry about the transition. It's very simple if you have
the right advisor who understands taxes, investments, legacy planning.
Speaker 2 (26:16):
And here's how I position it with a lot of
my clients when they come in, what are you concerned about?
And how can we help you? Because it's not about
what we can tell you, it's how we can help
you with what we're talking about Throughout this show with
the books that we wrote, with the topics that we're
discussing from a holistic approach, and again, write this down.
What is your solution, what is your plan? Think about it.
(26:39):
What is your solution to income planning? What is your
solution to retirement because it's going to change. What is
your solution about paying more taxes? We have helped so
many people across pay less in taxes and more for
them in retirement. And they sit there and they go, Wow,
how do you guys do this? We don't do this.
It's the tax code, folks. You have to understand. We
know them, you don't. And that's what financial literacy is
(27:01):
all about. Think about what Governor DeSantis just said, half
a credit for kids to graduate. That's just the beginning
of their life. Do you remember when you went to
high school and then college how you felt?
Speaker 4 (27:11):
Absolutely? I mean we all talked about.
Speaker 3 (27:13):
You know, when I started to learn about checkbooks was
in fifth grade and that's when they I can't remember
the teacher or the where we went to, but it
was really neat where we had a whole event we
had to learn about. Enterprise village is what it was,
and it was local here in Largo and I'm the
one there still around. But it was really great because
we had a career for that day. We had to
(27:36):
learn how to balance a checkbook. We can spend money
for that day and it was the best thing.
Speaker 4 (27:40):
I think.
Speaker 3 (27:40):
We's still in my heart today. But when you get
to middle school and you get to high school, they
don't teach you this stuff. When you graduate, you go
to work on a job, they don't teach you this stuff.
Speaker 4 (27:50):
We do.
Speaker 3 (27:50):
So what we do, you're right, but that's what we
can do for you. So pick up the phone, schedule
time to meet with us. Let's bring that back in
to fruition because it's so much needed. And I really
really admire that Governor DeSantis put this in play and
he made it mandatory so the kids out there have
to get the foundation. And it starts with the parents,
(28:10):
and it starts with the people that we know. And
if you're out there today and you have no idea,
that's okay. Just raise your hand, pick up the phone,
schedule time to meet with us. Let's get together and
let's make it right for you.
Speaker 2 (28:20):
You know, it's funny you talk about grandparents and parents
back in the day, they learned how to save because
they did, and they saved. They didn't spend crazy on
crazy things, and they didn't do wild and nutty things.
That's what's happening today. But here's the problem most children that.
And I had a client come in a year or
two ago and tell me that that my dad's retirement
(28:41):
is mind and he wanted some of the money right now.
And when I asked him, I said, what do you
mean you want some of the money right now? He said, well,
that's my dad's account, but when he dies, I'm going
to get it. And I was bewildered by it. And
I sat back and I said, I asked the client
to leave the room. I just wanted to speak to
the young man. And I said, look, you learn how
to save like your dad did, and until you understand
(29:03):
what retirement is, don't you dare sit there and tell
me that I have to give you a check from
your dad's retirement because when he runs out of money,
how is he going to live his retirement? And then
I brought the dad back in and I said, look,
I hope you don't get mad at me. I was
really hard on your son. And he said no, because
here's what he told me, said, Bobby, I can't be
hard on my son. I don't know how. But yet
the son came in and it was embarrassing for the dad, Chris,
(29:27):
because I had to make came understand. Like I'm trying
to make everyone on this radio show today understand. You
have to take control. You have to understand what the
rules are. We say it every time. If you don't,
if you go into a game, you better know the
rules because you want to win the game. You don't
want to lose the game.
Speaker 4 (29:42):
And that's just it.
Speaker 3 (29:43):
So why go into the retirement game when you don't
know what the future tax rates are going to be?
You know that they can change the rules at any time.
Why play that game?
Speaker 4 (29:53):
Why?
Speaker 3 (29:54):
Why because your your neighbor told you it's a good
game to play, because your boss told you it's a
good game to play. Because why those are That's what
I'm talking about. So seriously, when you when you pick
up the phone and schedule time to meet with us,
you can get the education that you need, you can
get the questions answered, you can have someone that you
(30:14):
can bounce ideas off of. And in this environment that
we live in today, we need each other We need teams.
We need a whole team behind you because things are changing.
So either A you can do it all by yourself,
or B you can get with a team that's going
to be with you throughout the way. So pick up
the phone, schedule time to meet with us and thinking
(30:35):
about today. What is your solution use that word, think
about that. What's your solution. What's my solution to incomplaining.
What's my solution to the market risk when it goes
up and down? What's my solution to taxes? What's my
solution to legacy planning. What's my solution to making sure
that I maximize my sol security benefit? If you don't
have it, it's okay. That's why you're listening today. You're
(30:58):
never too old to get a retirement plan. Eight three
three Maggie Tax. That's eight three three Maggie Tax. We
look forward to working with you. Eight three three Maggie Tax.
Speaker 1 (31:08):
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 m
a gg I tax dot com. Or call eight one
(31:29):
three 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 3 (31:45):
Welcome back to the Maggie Tax and Financial Show, and
thank you so much for tuning into our show today.
You know, as always, we love doing what we do.
We love helping people. And if you're out there and
you have questions, write them down. Let's pick up the
phone and schedule time meet with and let's get together.
I mean, that's what it's about.
Speaker 2 (32:02):
You know.
Speaker 3 (32:02):
Now is the time you've worked, you got blood, sweat tears.
I mean, you've got these retirement accounts, you don't know
what to do. Maybe you do, but you just need
an extra guidance. Now's the time to get a second opinion,
get a review, get a plan, the Maggie Plan eight
three to three Maggie Tax. So Dad, let's talk about
pretty much summary of what's complete planning and how does
(32:22):
that work and what do we do.
Speaker 2 (32:24):
Complete planning is tax planning, it's insurance planning, it's income planning,
it's Medicare planning, it's so security planning, it's legacy planning.
And what I mentioned before, our services that we offer
our financial services, we offer tax, We've been doing tax
for years. Legal how many of you don't have a
will or a power of attorney or even questioning should
(32:46):
I have a trust? Well, we can help you on that.
And then the insurance side, many people out there, you know,
want life insurance, but they don't know how to get
the right life insurance policy. And we've talked about this before.
If you have old insurance policies, bring them in. Let
Chris and I do a review because we might be
able to save you money. And like I mentioned medicare
for some of you that are getting on Medicare, here's
(33:07):
a big elephant in the room, Chris, long term care
and people don't know how they can get long term
care at a reduced cost and qualify for it. And
then also the last thing is you know funeral expenses.
Does your advisor talk to you about all this? Because
that's a complete plan. Chris and I would bet most
of the people listening today shake your head. I am
an incomplete plan.
Speaker 4 (33:27):
That's just it.
Speaker 3 (33:27):
I mean, we've I have a lot of associates in
this business, and you know, we work a lot of
people across the country and some advisors out there. All
they do is meet with you, what kind of investments
do you have, and they put you in a product
and that's it. They don't do beneficiary designation. They don't
look at your legacy, they don't look at how what's
taxable and what kind of income plan you're going to have.
Speaker 4 (33:49):
So think about this, what do you want? You know,
we talk about the market.
Speaker 3 (33:52):
And when you go to an amusement park, maybe go
to Bush Gardens or you go to Disneyland. You know,
what roller coaster do you want a ride on? You know,
do you want to ride on a roller coast that's
very scary and very volatile, Well you can do that
again with your investments, you can you can be in
those accounts. Or do you want to ride a roller
coaster that's very safe and very nice and doesn't jerk
(34:14):
you around or anything like that, very calm. You can
do that as well in retirement. So these are just
different things with the environment that you want to live
in and you want to play with So when you
come in to meet with us, we're gonna sit down
with you. We're gonna have a conversation. We're gonna get
to know you. We're gonna get to know what you want.
And that's what we can do. So pick up the phone,
schedule time to meet with us. Eight three to three, Maggie.
Speaker 2 (34:36):
Tax and just remember the success of your retirement. It's
under review every four years. It's called legislative risk. So
what are you doing about it? Okay, all of us
have a mandatory tax bill. Do you know what your
optional tax bill is? And no one wants to pay
mandatory taxes? Why should you? And we offer an after
tax statement. You're gonna have to pay a tax. We
(34:59):
all will. We will have to make a decision to
do something now or later. What's your decision? Because if
the tax rates go up, and we've been talking about
this on every show, you're going to pay more in
tax than you need to pay. There are strategic planning
that Chris and I have done for years and we
can help you. But you have to sit down and
tell us your pain, what keeps you up at night,
(35:21):
And don't sit down my Dad used to do this,
and I tell him all the time. He would always
say the hell with it. And I would ask him
what do you mean by that? And he would say, well, Bobby,
I don't want to bother anybody. Folks, We're telling you
to bother us, okay, in a good way. Please take
advantage of that.
Speaker 4 (35:36):
That's just it.
Speaker 3 (35:37):
I mean, when you have a resource and you take
the time to listen to the show today, right, I
mean this pertains to you. Really sit down and think
about what's on your mind and where you're going because
things are changing. You know, we live in aoo economy.
You're on your own, but with the help of others
and an affirm that can help you. We're here to
help you. So pick up the phone and schedule that time.
(35:58):
Let's get together, let's have a conversation.
Speaker 4 (36:00):
We can help me.
Speaker 3 (36:00):
Maybe we can't. I don't know, but I'll tell you
what you can get a second opinion. And we just
met with a client last week. They came in and
they got a lot of assets they have, you know,
they had come questions. We looked at their taxes with
their investments, and I said to them, you kind of
star in great shape and they sat up and they
stood up and they said, well, what do you mean
And I said, well, everything's okay. You did it right,
(36:22):
you got things in order. And then they sat down
and they said, my gosh, we weren't expecting to hear that.
And I said, well, you know, if you meet with
the right advisor, and you meet with the fiduciary and
someone's gonna do the best thing for you, and they
really mean it, and they really you're passionate about it,
then that's what you're going to hear when things are right.
Speaker 2 (36:37):
Let me add to that, because everyone out there has something.
I'm sure you have an advisor, you have a banker,
you have a CPA. What we're offering to you is
a second opinion. And we are not in the business,
Chris and I to break relationship with anybody. But let
me make a point here. What Chris just said, the
couple came in kind of thinking we were going to
just try to sell them something and break their plan.
(37:00):
But what Chris just said, what we did was we
told them you got it right, and they sat back
and that, like Chris said, they looked a like, no,
we didn't expect that. Look, don't come in here. If
you're expecting to be sold, I'm telling you right now,
we're going to educate you because once you understand it,
once you get it and you see from the top
down like this is okay. Only you were going to
(37:21):
make that decision, Chris, or it myself.
Speaker 3 (37:23):
You're totally right. I think about when you're happy in life.
You're right, you're confident, right, you have clarity. You know,
you have a lot of energy. Right, So think about this.
If you're thinking about money and your retirement plan, it's
draining you. It's not giving you the opportunity to make
the right decisions or to enjoy life or smile.
Speaker 2 (37:41):
You know.
Speaker 3 (37:42):
That's why when you come in and get this completed.
You know, when we put together a state plans for
our clients, oh my gosh, the relief, the relief that
they have because it was like, finally, we've been trying
to do this forever. But guess what time goes by
and you don't do it. That's what we're talking out here.
Get the Maggie Plan. It's a tax plan, it's an
(38:02):
investment plan, it's an insurance plan, it's a state planning.
My gosh, we can help you out in a lot
of different ways, and that's what you need to do.
If you are serious about helping yourself. Pick up the phone,
schedule time to meet with us A three three Maggie Tax.
Speaker 2 (38:17):
One more last thing. Every Sunday at ten thirty watch
your TV show on ABC. It's the Maggie Tax and
Financial Show. We have a lot of information there and
be sure to visit our website, Maggie Tax dot com.
Get the Maggie Plan, get a complete plan, get a
holistic plan. That's everything the Maggie Tax and Financial Show.
Give us a call eight three to three Maggie Tax
(38:38):
and visit our website Maggie Tax dot com.
Speaker 1 (38:41):
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 call eight one three three two two twenty
five twenty that's eight one three three two two twenty
(39:03):
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
and 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
seventy WFLA. Robert and Chris Maggie.
Speaker 2 (00:52):
Welcome every one, and thanks for joining us today. My
name is Robert Maggie and I'm here with my son
and co host, Chris Maggie. We have a lot to
talk about, so buckle up and if you have any questions,
give us a call eight one to three nine zero
nine zero zero two two and visit our website Maggie
tax dot com. And Chris, I think the biggest thing
right now that everybody's talking about is what taxes. So
(01:13):
let's talk about tax efficient income planning because a lot
of people out there don't understand the taxes are going
to rise in the next few years and what are
we going to do about it? And what are you
doing about it? Personal everybody comes in and they're complaining
about taxes too high. Folks, look go back to the
eighties and the nineties and see how high taxes were,
and look at it now. This is the lowest tax
(01:33):
rate we're at. So, Chris, why aren't people taking advantage
of this? Well, not only that they just don't get educated.
They really don't know what to do.
Speaker 3 (01:40):
Most advisors out there, most tax planners are even most
advisors just don't deal with taxes. They don't know and
they're not giving the right information to you out there,
and that's what's so important. So tax efficient income planning
is getting the most after tax income from the most
tax efficient strategies.
Speaker 4 (01:57):
So let's talk about this.
Speaker 3 (01:59):
You have IRA, you have form and k's all these
accounts out there are infected with taxes. Now's the time
to slowly or even rip off the band aid, depending
on what the situation is for you to get money
into a tax free environment. And how many of you
would would want tax free income?
Speaker 2 (02:18):
Well, they do, but they don't know how to get it.
Like you just mentioned how to take a band aid,
take it off slowly instead of just ripping it off
and you know, paying a big tax. And again I
think because people do not understand the tax brackets and
how they work. So what do I mean by tax
efficient income planning? What I mean is helping you every
one of you get the most after tax income from
the most tax efficient strategy. And how many of you
(02:40):
would like that? And the question is is your advisor
talking about is your tax preparer talking about? Is your
bank talking about it? Is your broker talking about it?
What's the answer?
Speaker 3 (02:49):
We get? Answer is no, So there's no really tax
planning going on right now with most people out there,
and it's so crucial to get that done. And that's
what we do each and every day. We take a
tax approach to help our clients. You know, we have
three divisions, our tax division, our insurance division, our investment division.
We also have attorneys that do with stay planning, so
we do complete holistic planning. So my question to you
(03:11):
and everyone listening today is what's your plan? Do you
have a plan? Do you have tax diversification? Everyone talks
about income or even investment diversification, but what about tax diversification.
I bet nearly one hundred percent of you don't want
to pay more in taxes than you really have to.
And as my dad mentioned, many advisors have looked at
(03:31):
the risk balance or even asset allocation of a portfolio,
but how many advisors really have discussed tax allocation? And
now is the time to focus on converting some of
your tax deferred assets into tax free assets.
Speaker 2 (03:45):
And here's the thing. The legislation artificially lowers tax rates
for a limited time, and most of the household tax
cuts expire in twenty twenty five. And Chris and I've
been talking about this every show for years, and that
is what you have to focus on. It's giving you
three years to convert your assets at a lower rate,
and I do an after tax statement. I'm offering that
to every single one of you listening today, there's no cost,
(04:08):
there's no obligation. But like I say on the TV
showing in the radio, we could save you hundreds even
thousands of dollars if you start looking at what we
do with tax analysis, Kristen. People just are afraid to
sit down and take a look at that, and they
shouldn't be afraid because it's something that you have to explore.
You have to sit down and if you work with
the right advisor, we can go through different different options
(04:29):
to show you what's the best one for you. And
would you rather be in position where you could take
advantage of tax free income in the future when tax
rates go up or do you want to fall victim
to paying huge amount and taxes. That's the question that
we have for you. And that's just from the tax
side of it. And when people start taking income, many
people want income in a most tax efficient way.
Speaker 4 (04:50):
We all do.
Speaker 3 (04:51):
But how do you get there? And we've been taught,
you've been taught to put money away tax deferred form
on k's IRAS form on k's iras, tax deferral, tax
defro Well, we have clients that come in and have
millions of dollars in iras, big deal doesn't matter. That's
not all of them. They don't understand that. Guess what
does a tax do? At some point they have a
mortgage against their IRA and they have no idea what
(05:14):
it's going to be. It's a question mark tax rate.
Who wants to go into retirement not knowing how much
is going to pay a tax?
Speaker 2 (05:20):
Let me give you another little situation, you know, just
stay on that for a minute. We had a client
come in last week and he had multiple four oh
one k's, multiple four O three b's, He had an IRA,
and he had no idea what was gonna what's gonna
happen when he starts taking the money out? And we
asked him, why do you keep all those accounts opening
so well? Because I went to different advisor and they
opened up another one. And what we did was we
(05:41):
consolidated all of them into one bucket, which we'll talk
about later bucket planning. Because he had no idea what
he had, how much tax he was going to pay
until we did the after tax statement. Christend It made
him start to wonder like, how come I haven't been
told about this before?
Speaker 4 (05:55):
Well, that's just it. Your advisor ain't talking about it.
Speaker 3 (05:57):
They're not taking a tax advantage strategy, just talking about
investments or products or whatever they're talking about. And that's
where we're different because we take a holistic approach. And
if you're not serious about paying less in tax, then
stay where you're at because I'm telling you, in the future,
when you need the income the most, you're going to
pay a lot to Uncle Sam, especially what's going on
(06:18):
right now. But if you have a strategy, a tax
diversification strategy, an income strategy, an investment strategy, then you're
going to be on the other side of this. And
that's where our clients are, and that's what they're taking
advantage of because they see it's so important. And all
you have to do is pick up the phone a
schedule time to meet with us. Eight three three Maggie Tax.
Visit our website at Maggie tax dot com. There's so
(06:39):
much information right there at your fingertips. But come in
meet with us. Let's have a conversation. Let's talk about you.
Let's talk about your situation. I don't care about your brother,
or your neighbor or your friend.
Speaker 4 (06:49):
It doesn't matter.
Speaker 3 (06:50):
It's about you and what you want to do for
future tax free income.
Speaker 2 (06:54):
Yeah, and I think the other thing is, you know,
advisors don't understand what to do. They just want to
move your money and that's what they're doing right now.
How the market's up, big deal. But when this market
goes down, what are you going to do? And how
are you going to figure out what kind of income
you have? That's the big question income planning. So we
have three divisions. We have a tax division, we have
an income division, we have an investment division, and we
have a legacy division. And folks, this is all on you.
(07:16):
The three divisions we work together. We do a state planning. Okay,
how many of you do not have an estate plan?
How simple is it? I'll tell you, check your beneficiary
form and Chris, we see this all the time because
many people out there don't check their beneficiary or they
get divorced or they lose a spouse and don't change
the beneficiary and update it. And folks, I'm going to
tell you it's going to be a horror show if
(07:37):
you don't sit down with someone and go over these
estate plan documents you have. Chris, we see it all
the time. That is why we do holistic planning.
Speaker 3 (07:45):
We care about our clients because we're going to make
sure that they're in position to take advantage of these opportunities.
We want them to have more income on a tax
favored basis. We want them to take advantage of the
market when it goes down. We want them to make
sure that they pay a least amount of taxes possible.
We want them to make sure that everything they have
is going to be easily transferred to the people they love.
That's what it's about in the most tax efficient way.
(08:06):
So pick up the phone, schedule time to meet with us.
Eight three three, Magie tax. That's eight three three, Maggie tax.
Speaker 4 (08:12):
Dad. Let's talk about an example. We have one.
Speaker 3 (08:15):
If you're sixty three years old and you have two
hundred thousand dollars in your IRA, and you may want
to convert.
Speaker 2 (08:20):
What happens, Well, if you convert it, then you're going
to have to pay the tax now based on your
current age. There's urgency for you right now. So let's
say that you're in a twenty five percent tax bracket
and your account grows five percent a year. And that's
just being I guess realistic, but just go with me
for a minute. So again, you're in a twenty five
percent tax bracket. Your account grows five percent a year.
(08:42):
So here's the total amount of taxes that you could
potentially pay from that two hundred thousand from today through
age ninety. And this is a report that we show
you when you come in. So if you keep the
qualified account the way it is in taxes, you would
pay one hundred and fifty two thousand, two hundred and
fifty seven dollars. That's because of the tax that you
have to pay.
Speaker 3 (09:01):
Well, you got to pay tax on the rm ds
call the requirement and distributions that you're gonna take out.
Get to pay tax on the money that you take
out for the rm ds, you reinvest them. Guess what
you gotta pay tax on the interest. And then guess
what what happens when you pass away. This is a
death tax, so you have to pay tax. So that
two hundred thousand dollars ira that you let grow tax
deferred all the way to age ninety at five percent growth,
(09:23):
you're gonna pay one hundred and fifty two thousand dollars
in tax.
Speaker 2 (09:26):
So if you convert tax free, you're gonna pay fifty
thousand dollars in taxes. So here's the question, which would
you rather pay fifty thousand or one hundred and fifty
two thousand. Think about that because we're gonna talk more
about this, So give us a call eight one to
three nine zero nine zero zero two to two. Visit
our website Maggie tax dot com. We have a lot
of videos there, college planning, federal employees, roth conversion, tax
(09:49):
free retirement, and whata'ts y'all show every Sunday on ABC
at ten thirty am. Let's go through this when we
come back because we have more to talk about. So
just just understand, make the call. It's up to you. So,
keeping your IRA is going to cost you an extra
one hundred and two thousand dollars in taxes, and if
you spend the R and ds rather than reinvesting them,
it's still costing you an extra seventy two thousand to
(10:12):
keep your IRA. So why would you do that? See,
that's the point we're trying to make having tax planning
and have an after tax statement. Come in, bring your
IRA in, Let's take a look at it. Let's put
the numbers on the paper and show exactly what it looks. Folks.
It's not going to be hard for you to look
at this and understand what you can do. Visit our website,
Maggie Tax dot com and we'll go. We can run
(10:32):
a free after tax analysis for all of you. That's
what we want to do for you, absolutely free. We
have the tax software to show all of you again
eight one to three nine zero nine zero zero two
two to show to visit Maggie Tax dot com and
watch our TV show every Sunday on ABC at ten
thirty Maggie Tax dot Com and give us a call
(10:52):
eight three three Magi Tax. And you're listening to the
Magi Tax and Financial Show.
Speaker 1 (10:58):
Stop planning for Uncle Sam's or timeirement 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
(11:19):
three 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 (11:36):
Welcome back everyone, and thanks for joining us. My name
is Robert Maggie and I'm here with my son, Chris Maggie.
So don't forget be sure to visit our website, Maggie
Tax dot com, and every Sunday at ten thirty am,
tune into our show on ABC TV, The Maggie Tax
and Financial Show. So today we've been talking about tax
diversification and there's a lot going on with that. So
(11:56):
if you're not sure, then make an appointment. We have
operators standing by right now. Eight three three Maggie Tax.
So I have a question, Chris, that I want to
ask everybody. How is it possible to pay more taxes
in retirement? And when estimating your future tax bracket, keep
in mind that taxable withdrawals from retirement accounts, especially lump
sum with drolls, could push you into a higher tax bracket.
(12:19):
So when you have an IRRA or qualified account, any
withdrawals are taxable at your income rate. And people don't
think about this, Chris, when they take money out of
a tax deferred account.
Speaker 4 (12:29):
Well that's just it.
Speaker 3 (12:30):
I mean, we meet with a lot of clients each
and every week and your new clients come in and
they put their statements on the desk and say, yeah,
I got a form on K where it's seven hundred
and fifty thousand, or I got a formal cave or
which is where it's four hundred thousand, or I got
a formal K that's worth three million dollars. Well, guess what,
that's not your money. You Uncle Sam is going to
get a piece of that. And that's why when you
(12:51):
start taking money out, you can go ahead and put
yourself in a higher tax bracket. And these accounts is
they keep growing tax deferred in tax deferral mode, they're
increasing the value. But also when you start taking money out,
it could push you in a higher tax bracket. So
what are you doing about it? Are you looking at
that stuff now? Because if not, why not? Taxes are
(13:12):
our biggest expense. And if your advisor's not talking about it,
you need to pick up the phone and schedule time
to meet with us. This is the biggest stealth tax
that's out there. It's going to be taxes. So when
we discuss tax free accounts and strategic planning, the goal
is to move taxable accounts to tax free accounts and
tax deferra will cost you more when you would draw.
Speaker 2 (13:32):
So if you have a question about that, that's one
solution we can help. But folks, you have to come
in and make an appointment. You have to sit down
Chris and I and let's go over and show you
exactly what this is. And another question, can tax diversification
provide more flexibility? And the answer is absolutely and give
you more control. If you do tax planning and do
(13:53):
some strategic planning, you can have more flexibility when you retire. Chris,
we talk about legislative risk all the time. No one's
talking about legislative risk, and this is what we're talking about.
They can change the rules and I always tell people,
if you're going to play a game, know the rules
before you start. Why would you go into a game
and not know the rules. So even using roth accounts
(14:14):
or cash Value Life insurance, you can develop a plan
with less tax and more control and flexibility. And we
also use bucket planning so you could pay less tax
and have more tax free income. Chris, we met with
a client the other day and we showed them they
had plenty of accounts, and then we used Cash Value
Life insurance and they did not see the value of
(14:36):
it until we explained. Can you kind of talk about
why that was so important to them.
Speaker 3 (14:40):
Well, we created the buckets and then you know, we
created like five different buckets for them, and they with
a purpose and strategically. So then we got to the income,
and then they needed some income for on top of
the soil security in the pension. So when we looked
at it, we shown the tax return and they were impressed.
They said, well, I have to be paying more income
than that because I'm taking another of sixty thousand dollars
(15:01):
out of my accounts. And we said, well, let me
show you why. It's called tax diversification. So the buckets
that we created, we took a little bit from his
taxabowl account like his IRA that he had to take
a little bit out was one thousand dollars a month,
which is twelve thousand a year. Then we took the
majority from his WROTH account and also cash value life insurance,
so he had the remaining income come in the front
(15:24):
door every month and paid lesson tax. So this is
what we're talking about here, and he was just blown away.
He said, oh my gosh, I had no idea I
could do this. So everyone always thinks about investments, investments,
that's financial planning, investments, investments. Well, no, there's so much
more to that. Dad, you mentioned a great point. Why
play a game if you don't know the rules? Right,
(15:44):
So many people play the IRA game and they really
know the rules, but they really don't want to face
the rules because when they start taking money out, it's
all fully taxable and again in a question mark tax rate.
So when we got done with this the client, we
showed him his tax and he sat back and he said,
oh my gosh, I can have even more income and
(16:05):
pay less tax.
Speaker 4 (16:06):
And that was it.
Speaker 3 (16:06):
That was the buzzer beater right there, because he was
just excited and he said, I'm so glad I came
to you because now I have a plan.
Speaker 2 (16:14):
Because the problem is that, Chris, most advisors don't talk
about tax diversification. We talk about it every single day.
And that's what you have to start paying attention to.
You know, the legislative risk. What's Congress going to do? So?
Can tax diversification provide more flexibility? Absolutely, you just have
to sit down and take a look at it. Another question,
(16:35):
can tax diversification guard against future tax increases. And the
answer is yes. As we've been discussing, when you do
strategic planning and lower your tax bill now, you definitely
can lower your future tax bill. You pay the taxes
now at the lowest level now, because when taxes go up,
(16:55):
you will have a tax bill and they have to
tax statement. So do some planning now and we can
do an after tax statement to explain what future taxes
will look like. You know, like they say, pay me
now or pay me later. And Chris, the bottom line
is the way taxes. And we ask this question everyone
out there, do you think taxes will go up? And
what's the end?
Speaker 4 (17:14):
So we get most people say yes, what if you're
waiting for.
Speaker 3 (17:18):
Well, that's why it's so important to pick up the
phone schedule a time to meet with us.
Speaker 4 (17:21):
Eight three three Magi Tax.
Speaker 3 (17:23):
When you go to our website Maggi tax dot com,
there's so much information there from income planning, social security
maximization planning, investment planning. You know, we're a registered investment
advisory firm. As a fiduciary, we can do investment plans.
That's what it's about. So if you have a brokerage account,
let's do a second opinion. You know, maybe you have
a retail advisor who just sells you something, who's more transactional.
(17:45):
You don't need to be there. You can be on
another side where it's institutional investment. We have a team
actively managing your money. You know what what's so important
is education and we believe in that. I don't know
if people out there have heard of Ed Slott, which
is one of the best to IRA experts in the
whole country, and we've trained with him. He's been on
PBS with us. He might have seen his show Stay
(18:07):
Rich Forever and Ever. But we met with him a
couple of weeks ago and a two day educational event
on IRIS and roth iras and tax free money. And
think about this. Someone in the room asked him how
much IRA money do you have? And he said, I
have no problem telling everybody and the answer is zero.
He has none. So what does that mean to you
(18:30):
is that he is in an environment of tax free
So you can be there too if you have the
right advisor. And that's what we do. So pick up
the phone, schedule time to meet with us. Let's get together,
Let's have a conversation. You know, we're not talking about
all your money should be converted to a roth ira.
But if you have a plan, maybe you can get there.
So when they do raise rates, guess what you'd be
(18:52):
in a better situation. It's called tax diversification. Pick up
the phone, schedule time to meet with us. Eight three
to three Maggie Tax. That's eight three to three Maggie Tax.
Speaker 1 (19:03):
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 gg I tax dot com. Or call eight one
(19:25):
three 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. You're listening to the Maggie Tax and Financial Show.
I am Robert Maggie and I'm here with my son
Chris Maggie. Today we've been talking about financial literacy. And
you know what, we offer a Maggie Tax because we
wrote five books. We're willing to get all these books
to you because we feel you need to get educated
on a lot of topics. So let's talk about two
other books that we wrote that we are very proud of,
(20:03):
and it's called the Maggie Plan, and this is the
most important one that I feel. The Maggi Plan is
a book about a simple and easy retirement solution. And
think about the word I'm saying, solution. So what is
your solution to retirement? To income planning? To taxes? Because
that's what we do. We talk about advanced tax planning
because if and when taxes increase, we're going to have
(20:25):
to pay a bill to Uncle Sam. And how much
income will you need and how much will it be
in taxes? How much will be taxed. That's also called
income planning. Another very powerful word that we will be
hearing about is legislator risk. What the heck is legislature risk?
And that's when Congress can change the rules whenever they want.
(20:45):
And the Maggi Plan also talks about social security, and
many of you want to know when the best time
to take social security? How much will be taxed and
this is another reason that you should all have the
Maggie Plan. And Chris talk about more of what the
Maggie Plan is because every time we down with someone,
these are the questions that we ask the.
Speaker 4 (21:02):
Well, you mentioned a keyword there. What's your solution?
Speaker 3 (21:04):
Do you have one? Many people out there maybe you
just don't have one, but you need to. You know,
this is your hard earned money. This is your blood,
sweat and tears. You know those financial statements that you
receive in the mail, that's you. You know, I don't
care if it's two hundred thousand, I don't care if
it's two million, I don't care if it's twenty million,
it doesn't matter. This is about you. What are you
(21:25):
doing with it? What's your solution? Do you even have one?
We all want solutions, we all want to make things better,
and that's what life's all about. So we're in ayoo
economy where you're on your own. You have to do
something now. That's why financial literacy is so important. We've
been doing it for years to educate you and that's
why you listen to today's show. But very one, very simple
(21:46):
thing that you can do is just write this number down.
Eight three to three, Maggie Tax. Pick up the phone,
schedule time to meet with us, because we can put
together the Maggie Plan for you. It's advanced tax planning,
tax planning strategies. If your advisor is not taking a
tax approach, there's really no reason why you should be
with them. Why because taxes are our biggest expense. And
(22:08):
if they're not showing you ways to reduce them or
ways to put yourself in a situation to avoid them,
that's what I'm talking about, then you're not in the
right spot. You need to pick up the phone and
schedule time to meet with us, because there's going to
be a day. There's going to be a time, whether
it's next year, whether it's five years from now, whether
it's ten years from now, when you're going to think about,
oh my god, I cannot believe how much I'm paying
in taxes. Put yourself in an environment where you don't
(22:31):
have to worry about this anymore. You can eliminate Uncle
Sam forever. If you do the right thing, we can
show you eight three three Maggie Tax.
Speaker 2 (22:39):
Well, in line with that, think about when the Trump
tax cuts expire and we talk about this to a client.
He's got a three year window to make the strategic
roll out that Chris is talking about and reduce your
taxes happen. And that's what we can do. We could
show it to you because when you see it on paper,
it's real numbers. And that's what the Maggie Plan is
all about. Read about social security, about taxes. It also
(23:01):
addresses something Chris that's real important right now, four oh
one case solutions. How many people come in to see
us and they show us their statement and they have
old four oh one k's. Well, not even that they
don't remember they had a four.
Speaker 3 (23:14):
H one k, that's just it. They have many accounts
that are everywhere. You know, it doesn't matter what you have.
You need to make sure that they're consolidated it. Make
sure that you have an idea where they are at.
Why because if something happens to you, then you want
to make sure it passes. And I'm not just talking
about your checking and savings accounts. I'm talking about life
insurance policies. I'm talking about old four one k's. I'm
talking about the investments that you have. Every one of
(23:36):
them should be on a balance sheet. We coordinate that
for you. We show you on one page what you
have to make it very simple. What's taxable? What's not taxable.
Many people out there want to take a distribution.
Speaker 4 (23:48):
Where do they go?
Speaker 3 (23:49):
They just take it from an IRA. It's all taxable.
It's all effected with taxes. What if you understand or
your advisor understands of tax codes and so when you
need twenty thousand dollars, maybe you take some from here
this bucket, that bucket in this bucket and pay no tax.
Why because you could be under the threshold income. What
am I talking about? These are things that your advisors
should be talking about. If not, that's why you should
(24:11):
pick up the phone in schedule a time to meet
with us. We're talking about solutions here. What is your solution?
If you don't have a solution, it's okay, just pick
up the phone, schedule time to meet with us.
Speaker 4 (24:21):
Eight three to three, Maggie, tax you beat me too.
Speaker 2 (24:24):
It I didn't want to keep repeating the word, but
it is solutions. And that's the problem. And here's the thing.
When we do a balance sheet, we shouldn't call it
a balance sheet anymore, Chris. We should call it a
solution sheet because then what you just mentioned. I know
everybody's listening to goal like, I have no idea what
they're talking about. But many of you that have seen
the balance sheet that Chris and I are talking about,
show you your piles of money, show you where your
(24:44):
four oh one k's are and that you can move them,
not just leave them where they You know where they
are now, So what are you doing about it? Do
you know when and how to roll over your four
oh one k We see this all the time because
many people have been lost their jobs and they're changing
jobs all the time. There are safe and here the
word solutions, and that's why we need this book on
the Maggie Plan for you. What about legacy planning? We
(25:06):
discuss why you'll need a will or a power of attorney.
We explain the difference of a trust and why you
should have one, and what a will is and why
you should have one. Of Chris, many people that we
see every single day and we ask them do you
have a will? And they always go like, uh, yeah,
I think.
Speaker 3 (25:22):
So, or they say well we have one. And then
you know, we asked, well when when did you put
it together? Well, twenty years ago, ten states ago, but anyway.
We're not joking about it, but it's looks real. That's
the thing. You might be thinking, oh my gosh, I
got everything in my uh situation, you know, in the
right spot. But really your peers, maybe your parents, they don't.
(25:45):
And it's okay if you get the right help. And
that's why it's it's such a great feeling when we
get done put any other a plan for somebody and
they have the confidence, they have the clarity, they can
move forward and they know, you could see it in
their eyes that my gosh, I should have been doing
this for years and I finally got it done. Because
it just propels them in a better situation. They know
(26:05):
that if anything happens to them, they don't have to
worry about that. Their loved ones, they don't have to
worry about the transition. It's very simple if you have
the right advisor who understands taxes, investments, legacy planning.
Speaker 2 (26:16):
And here's how I position it with a lot of
my clients when they come in, what are you concerned about?
And how can we help you? Because it's not about
what we can tell you, it's how we can help
you with what we're talking about Throughout this show with
the books that we wrote, with the topics that we're
discussing from a holistic approach, and again, write this down.
What is your solution, what is your plan? Think about it.
(26:39):
What is your solution to income planning? What is your
solution to retirement because it's going to change. What is
your solution about paying more taxes? We have helped so
many people across pay less in taxes and more for
them in retirement. And they sit there and they go, Wow,
how do you guys do this? We don't do this.
It's the tax code, folks. You have to understand. We
know them, you don't. And that's what financial literacy is
(27:01):
all about. Think about what Governor DeSantis just said, half
a credit for kids to graduate. That's just the beginning
of their life. Do you remember when you went to
high school and then college how you felt?
Speaker 4 (27:11):
Absolutely? I mean we all talked about.
Speaker 3 (27:13):
You know, when I started to learn about checkbooks was
in fifth grade and that's when they I can't remember
the teacher or the where we went to, but it
was really neat where we had a whole event we
had to learn about. Enterprise village is what it was,
and it was local here in Largo and I'm the
one there still around. But it was really great because
we had a career for that day. We had to
(27:36):
learn how to balance a checkbook. We can spend money
for that day and it was the best thing.
Speaker 4 (27:40):
I think.
Speaker 3 (27:40):
We's still in my heart today. But when you get
to middle school and you get to high school, they
don't teach you this stuff. When you graduate, you go
to work on a job, they don't teach you this stuff.
Speaker 4 (27:50):
We do.
Speaker 3 (27:50):
So what we do, you're right, but that's what we
can do for you. So pick up the phone, schedule
time to meet with us. Let's bring that back in
to fruition because it's so much needed. And I really
really admire that Governor DeSantis put this in play and
he made it mandatory so the kids out there have
to get the foundation. And it starts with the parents,
(28:10):
and it starts with the people that we know. And
if you're out there today and you have no idea,
that's okay. Just raise your hand, pick up the phone,
schedule time to meet with us. Let's get together and
let's make it right for you.
Speaker 2 (28:20):
You know, it's funny you talk about grandparents and parents
back in the day, they learned how to save because
they did, and they saved. They didn't spend crazy on
crazy things, and they didn't do wild and nutty things.
That's what's happening today. But here's the problem most children that.
And I had a client come in a year or
two ago and tell me that that my dad's retirement
(28:41):
is mind and he wanted some of the money right now.
And when I asked him, I said, what do you
mean you want some of the money right now? He said, well,
that's my dad's account, but when he dies, I'm going
to get it. And I was bewildered by it. And
I sat back and I said, I asked the client
to leave the room. I just wanted to speak to
the young man. And I said, look, you learn how
to save like your dad did, and until you understand
(29:03):
what retirement is, don't you dare sit there and tell
me that I have to give you a check from
your dad's retirement because when he runs out of money,
how is he going to live his retirement? And then
I brought the dad back in and I said, look,
I hope you don't get mad at me. I was
really hard on your son. And he said no, because
here's what he told me, said, Bobby, I can't be
hard on my son. I don't know how. But yet
the son came in and it was embarrassing for the dad, Chris,
(29:27):
because I had to make came understand. Like I'm trying
to make everyone on this radio show today understand. You
have to take control. You have to understand what the
rules are. We say it every time. If you don't,
if you go into a game, you better know the
rules because you want to win the game. You don't
want to lose the game.
Speaker 4 (29:42):
And that's just it.
Speaker 3 (29:43):
So why go into the retirement game when you don't
know what the future tax rates are going to be?
You know that they can change the rules at any time.
Why play that game?
Speaker 4 (29:53):
Why?
Speaker 3 (29:54):
Why because your your neighbor told you it's a good
game to play, because your boss told you it's a
good game to play. Because why those are That's what
I'm talking about. So seriously, when you when you pick
up the phone and schedule time to meet with us,
you can get the education that you need, you can
get the questions answered, you can have someone that you
(30:14):
can bounce ideas off of. And in this environment that
we live in today, we need each other We need teams.
We need a whole team behind you because things are changing.
So either A you can do it all by yourself,
or B you can get with a team that's going
to be with you throughout the way. So pick up
the phone, schedule time to meet with us and thinking
(30:35):
about today. What is your solution use that word, think
about that. What's your solution. What's my solution to incomplaining.
What's my solution to the market risk when it goes
up and down? What's my solution to taxes? What's my
solution to legacy planning. What's my solution to making sure
that I maximize my sol security benefit? If you don't
have it, it's okay. That's why you're listening today. You're
(30:58):
never too old to get a retirement plan. Eight three
three Maggie Tax. That's eight three three Maggie Tax. We
look forward to working with you. Eight three three Maggie Tax.
Speaker 1 (31:08):
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 m
a gg I tax dot com. Or call eight one
(31:29):
three 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 3 (31:45):
Welcome back to the Maggie Tax and Financial Show, and
thank you so much for tuning into our show today.
You know, as always, we love doing what we do.
We love helping people. And if you're out there and
you have questions, write them down. Let's pick up the
phone and schedule time meet with and let's get together.
I mean, that's what it's about.
Speaker 2 (32:02):
You know.
Speaker 3 (32:02):
Now is the time you've worked, you got blood, sweat tears.
I mean, you've got these retirement accounts, you don't know
what to do. Maybe you do, but you just need
an extra guidance. Now's the time to get a second opinion,
get a review, get a plan, the Maggie Plan eight
three to three Maggie Tax. So Dad, let's talk about
pretty much summary of what's complete planning and how does
(32:22):
that work and what do we do.
Speaker 2 (32:24):
Complete planning is tax planning, it's insurance planning, it's income planning,
it's Medicare planning, it's so security planning, it's legacy planning.
And what I mentioned before, our services that we offer
our financial services, we offer tax, We've been doing tax
for years. Legal how many of you don't have a
will or a power of attorney or even questioning should
(32:46):
I have a trust? Well, we can help you on that.
And then the insurance side, many people out there, you know,
want life insurance, but they don't know how to get
the right life insurance policy. And we've talked about this before.
If you have old insurance policies, bring them in. Let
Chris and I do a review because we might be
able to save you money. And like I mentioned medicare
for some of you that are getting on Medicare, here's
(33:07):
a big elephant in the room, Chris, long term care
and people don't know how they can get long term
care at a reduced cost and qualify for it. And
then also the last thing is you know funeral expenses.
Does your advisor talk to you about all this? Because
that's a complete plan. Chris and I would bet most
of the people listening today shake your head. I am
an incomplete plan.
Speaker 4 (33:27):
That's just it.
Speaker 3 (33:27):
I mean, we've I have a lot of associates in
this business, and you know, we work a lot of
people across the country and some advisors out there. All
they do is meet with you, what kind of investments
do you have, and they put you in a product
and that's it. They don't do beneficiary designation. They don't
look at your legacy, they don't look at how what's
taxable and what kind of income plan you're going to have.
Speaker 4 (33:49):
So think about this, what do you want? You know,
we talk about the market.
Speaker 3 (33:52):
And when you go to an amusement park, maybe go
to Bush Gardens or you go to Disneyland. You know,
what roller coaster do you want a ride on? You know,
do you want to ride on a roller coast that's
very scary and very volatile, Well you can do that
again with your investments, you can you can be in
those accounts. Or do you want to ride a roller
coaster that's very safe and very nice and doesn't jerk
(34:14):
you around or anything like that, very calm. You can
do that as well in retirement. So these are just
different things with the environment that you want to live
in and you want to play with So when you
come in to meet with us, we're gonna sit down
with you. We're gonna have a conversation. We're gonna get
to know you. We're gonna get to know what you want.
And that's what we can do. So pick up the phone,
schedule time to meet with us. Eight three to three, Maggie.
Speaker 2 (34:36):
Tax and just remember the success of your retirement. It's
under review every four years. It's called legislative risk. So
what are you doing about it? Okay, all of us
have a mandatory tax bill. Do you know what your
optional tax bill is? And no one wants to pay
mandatory taxes? Why should you? And we offer an after
tax statement. You're gonna have to pay a tax. We
(34:59):
all will. We will have to make a decision to
do something now or later. What's your decision? Because if
the tax rates go up, and we've been talking about
this on every show, you're going to pay more in
tax than you need to pay. There are strategic planning
that Chris and I have done for years and we
can help you. But you have to sit down and
tell us your pain, what keeps you up at night,
(35:21):
And don't sit down my Dad used to do this,
and I tell him all the time. He would always
say the hell with it. And I would ask him
what do you mean by that? And he would say, well, Bobby,
I don't want to bother anybody. Folks, We're telling you
to bother us, okay, in a good way. Please take
advantage of that.
Speaker 4 (35:36):
That's just it.
Speaker 3 (35:37):
I mean, when you have a resource and you take
the time to listen to the show today, right, I
mean this pertains to you. Really sit down and think
about what's on your mind and where you're going because
things are changing. You know, we live in aoo economy.
You're on your own, but with the help of others
and an affirm that can help you. We're here to
help you. So pick up the phone and schedule that time.
(35:58):
Let's get together, let's have a conversation.
Speaker 4 (36:00):
We can help me.
Speaker 3 (36:00):
Maybe we can't. I don't know, but I'll tell you
what you can get a second opinion. And we just
met with a client last week. They came in and
they got a lot of assets they have, you know,
they had come questions. We looked at their taxes with
their investments, and I said to them, you kind of
star in great shape and they sat up and they
stood up and they said, well, what do you mean
And I said, well, everything's okay. You did it right,
(36:22):
you got things in order. And then they sat down
and they said, my gosh, we weren't expecting to hear that.
And I said, well, you know, if you meet with
the right advisor, and you meet with the fiduciary and
someone's gonna do the best thing for you, and they
really mean it, and they really you're passionate about it,
then that's what you're going to hear when things are right.
Speaker 2 (36:37):
Let me add to that, because everyone out there has something.
I'm sure you have an advisor, you have a banker,
you have a CPA. What we're offering to you is
a second opinion. And we are not in the business,
Chris and I to break relationship with anybody. But let
me make a point here. What Chris just said, the
couple came in kind of thinking we were going to
just try to sell them something and break their plan.
(37:00):
But what Chris just said, what we did was we
told them you got it right, and they sat back
and that, like Chris said, they looked a like, no,
we didn't expect that. Look, don't come in here. If
you're expecting to be sold, I'm telling you right now,
we're going to educate you because once you understand it,
once you get it and you see from the top
down like this is okay. Only you were going to
(37:21):
make that decision, Chris, or it myself.
Speaker 3 (37:23):
You're totally right. I think about when you're happy in life.
You're right, you're confident, right, you have clarity. You know,
you have a lot of energy. Right, So think about this.
If you're thinking about money and your retirement plan, it's
draining you. It's not giving you the opportunity to make
the right decisions or to enjoy life or smile.
Speaker 2 (37:41):
You know.
Speaker 3 (37:42):
That's why when you come in and get this completed.
You know, when we put together a state plans for
our clients, oh my gosh, the relief, the relief that
they have because it was like, finally, we've been trying
to do this forever. But guess what time goes by
and you don't do it. That's what we're talking out here.
Get the Maggie Plan. It's a tax plan, it's an
(38:02):
investment plan, it's an insurance plan, it's a state planning.
My gosh, we can help you out in a lot
of different ways, and that's what you need to do.
If you are serious about helping yourself. Pick up the phone,
schedule time to meet with us A three three Maggie Tax.
Speaker 2 (38:17):
One more last thing. Every Sunday at ten thirty watch
your TV show on ABC. It's the Maggie Tax and
Financial Show. We have a lot of information there and
be sure to visit our website, Maggie Tax dot com.
Get the Maggie Plan, get a complete plan, get a
holistic plan. That's everything the Maggie Tax and Financial Show.
Give us a call eight three to three Maggie Tax
(38:38):
and visit our website Maggie Tax dot com.
Speaker 1 (38:41):
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 call eight one three three two two twenty
five twenty that's eight one three three two two twenty
(39:03):
five twenty and tune in next Saturday at five for
the Maggie Tax and Financial Hour.
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