Episode Transcript
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Speaker 1 (00:00):
All these years you've saved up planning for a 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 (00:53):
Welcome everyone, and thanks for joining us today. My name
is Robert Maggie and you're listening to the Maggie Tax
and Financial Show. I'm here with my son Chris, and
be sure to visit our website. Maggie Tax dot Com.
We have a chat box there, so during today's show
and every show, if you have a question, type it
in and we'll answer it. Also, be sure to go
to the top of my website, Maggie tax dot com
(01:13):
for the retirement calculator. If you have an IRA four
oh one, K, four oh three B or a TSP,
plug in the numbers and we can tell you what
your retirement tax bill is going to be. And then
let's get together eight three to three Maggie Tax. So
what's going to be the tremendous impact when taxes and
inflation and healthcare costs and the impact that's going to
have on all of you? Have you thought about it?
(01:35):
Your children and your grandchildren? What about them? How do
we take care of them? And we must take you
all through a process of discovery, Chris, And every time
we meet with someone, that's what it is. It's questions.
It's about asking them what they feel, not what we
tell them.
Speaker 3 (01:48):
That's it.
Speaker 4 (01:49):
And welcome everyone. Thank you so much for tuning into
the Magi Tax and Financial Show. I'm Chris Maggian. We
welcome you to the show today. And education is extremely important.
We all mention that each and every week we can
educate you, but now is the time to take action.
We are in a yo yo economy. You're on your own.
We see what's happening out there, what are you doing
about it? And why this is so important because this
(02:11):
is your retirement, this is your future, this is your money,
and because it really limits the choices that the fit
A Reserve and the government have for solving our current
inflation crisis. We're in a couple crisises right now, and
the smart people are going to take advantage of these opportunities,
but a lot of people are going to fall victim
to them because they have no plan. So in order
to normalize, so in order to normalize inflation, they must
(02:36):
try to increase the interest rates to level the matches
that the inflation rate is being presented to us today.
So if they did that, the interest on the thirty
one trillion dollars would be around two point five trillion.
That would be more than forty percent of the current
budget going for interest only. So it's amazing what's happening
(02:56):
out there and that many people out there have to
start doing something now.
Speaker 2 (03:00):
Well, you know, it's getting to like the end of
the line. You know, like the end of the year,
you've got to do something before it starts all over again.
So yeah, I mean we have to look at this
and sit down and have a conversation. So would other
programs the government provided be eliminated, of course not, because
they're already implemented.
Speaker 5 (03:16):
So think about it.
Speaker 2 (03:17):
You know, they would increase our current inflation problem by
printing what more money? Everybody knows that, So inflation, Chris,
is a big deal. And finally, if you understand the
information that we're going to talk about, you're going to
realize that the government would surely attempt to increase income
taxes and all other taxes.
Speaker 5 (03:33):
And we're going to get into that.
Speaker 2 (03:34):
But every time we ask a question, and I'm asking
everyone out there, do you think taxes are going to go.
Speaker 5 (03:39):
Up or down or what?
Speaker 1 (03:39):
Do?
Speaker 3 (03:40):
They normally say it's going to go up. But here's
the thing.
Speaker 4 (03:42):
When you have these retirement tax accounts that are infected
with taxes, you have a question mark tax rate. You're
moving in the future with the unknown, and that's a
scary point, especially when you need income. That means more
income to the government and less to you, and that's
not a good situation to be in.
Speaker 5 (04:00):
And let's make it real simple.
Speaker 2 (04:01):
If you have an IRAA four oh one K four
oh three B, a set plan, or a TSP, guess
what you have a target on your back? Why because
that money hasn't been taxed. And again, go to the
Maggie tax dot Com and click on the retirement calculator,
put in your numbers and you'll see what I'm talking
about and in thirty seconds you're going to look at this.
Speaker 5 (04:19):
We had a client last week that came in.
Speaker 2 (04:21):
He's fifty five years old, and when we first started
talking him about this, he goes, oh, I don't worry
about it. But guess what when he did it, Chris.
Speaker 3 (04:27):
What happened then?
Speaker 2 (04:28):
I mean he was like, really, I'm going to pay
that much tax based on that much growth, and then
what if the market goes down? And then it started
to realize time to do something about it now.
Speaker 3 (04:38):
And that's it.
Speaker 4 (04:38):
So what he did was he created a bucket plan.
And that's what we can put together for you. There's
buckets designed with the purpose. We can show you from
safety buckets for income, buckets for play checks. Who wants
a play check? What is a play check? A playcheck
is just what it is, a check coming in each
and every month that you can play with. It's going
to come in every month for the rest of your life.
You want a five hundred dollars playcheck, you want a
(04:59):
thousand dollars play just spend the heck out of it
every month because it's going to keep coming in. It's
a great way to put together a nice play area
for you to do whatever you want in the future.
Speaker 3 (05:09):
But it's designing this for you.
Speaker 2 (05:10):
Yeah, but it's what you always say, and we talk about.
They don't understand how to do bucket planning. They have
a pile of money and they think, well, I got
to take out that four percent that was supposedly told
for years and years.
Speaker 5 (05:20):
But that's not the case.
Speaker 2 (05:21):
When you do bucket planning, you have income, you have growth,
and then you have later money, so preserve it. We
had a gentleman the other day, so I just want
to preserve my money. Chris, Well, you're not doing it
the way you are because ninety percent of your money
was what we call in red money, was infected with taxes.
Speaker 4 (05:35):
That's exactly right. And you can also have green money.
You can have a straight fixed rate a lot, paying
a lot higher than with the CD to are paying
right now if you want just something really safe and fixed.
But also you can be in the market and have
upside potential with no downside market loss. So there's a
lot of different things you can do to protect yourself
if uknow, if you know about it, and the only
(05:55):
way to do it is to meet with the right advisor.
So pick up the phone, schedule time to meet with us.
Eight three maggie tax. That's eight three to three maggie tax.
Speaker 2 (06:02):
And just remember we talk about this every week, all
of us, all of us are going to face increased
taxes and a dramatic loss of the purchasing power of
the money that you have left after taxes and losses
in the market. And Chris, we call that market risk.
So let's talk about that from me.
Speaker 4 (06:17):
So the question I have for everyone listening today, are
you okay with what's happening right now? Or you see it,
you feel it, you watch the news, you know you
get that easy, uneasy feeling out there.
Speaker 3 (06:27):
Are you okay with that?
Speaker 4 (06:29):
Or would you like to develop a strategy that allows
all of you to prevent all that damage to your
financial and your retirement future. You have the choice. We
talked about it before. We're in Ayoeo economy. You're on
your own, but you can put together something if you
work with the right advisor. You know, we're going to
show you how to use this amazing information.
Speaker 3 (06:48):
You know that Social.
Speaker 4 (06:49):
Security has provided each and every year since nineteen ninety
to show you why it's likely that you will pay
more in taxes in the future. Do something now to
prevent all this for you and your family.
Speaker 2 (07:01):
So a three to three Maggie Tax. We have office
on both sides of the Bay. Visit our website Maggie
Tax dot com. We have a chat box there. Please
put a question in there. We'll answer it because if
you have questions, we can help you out. And don't
forget the retirement tax calculator on the top of the website.
Speaker 5 (07:16):
Click on it.
Speaker 2 (07:17):
I'm putting your information and in thirty second it's going
to tell you what your retirement tax bill is. And
I don't think anyone's doing that that I know of
your CPA, your tax prepairer, your broker. All they're talking
about is the market and market risk. Well Chris was
just talking about it. So we also use the information
to show and this is important for the older people
grandma and grandpa out there. Why it's so vital to
(07:38):
preserve and even leverage their estates because statistics show us
that it will be highly unlucky that grandma and grandpa's
children and grandchildren will have enough money to retire unless
grandma and Grandpa preserve their estates. And I have to
be one of them. You have two children, and I'm
a papa, and my wife said yah yah, because it's Greek.
Speaker 5 (07:57):
But we have to also think about it.
Speaker 2 (07:58):
We have how you know your two kids, Addison and
you know Ryan later on are going to be taken
care of because right now you're not learning that, and
you have to teach that.
Speaker 4 (08:08):
And we're not talking about a gift towards them, just
to give them my point. You want to be able
to give them the opportunity, the opportunity where they can
have a bucket of money that they can tap into
to help them move forward in the future. And if
you provide them with the education and the knowledge, they'll
make their own decisions. But now you have a hand
up as opposed to a handout.
Speaker 2 (08:28):
Good point, that's that's really good. And we got a
lot of people coming in and saying, well, my kids
think my retirement is their money. Not necessarily. I mean,
I love my kids, I love my grandchildren. I'm sure
many of you out there do. But you've got to
draw the line and start teaching them, because our goal
is not to tell you about all this information, because
we want to ask all of you how you feel
about this noise, because how is it going to affect
(08:49):
you and your family? And we want to verify how
you feel about all this and then we can implement
the strategy and come up with a solution. And we're
talking about bucket planning and red money, green money, and
talking about Chris mentioned before, play checks and paychecks. So
how all this impact you and your family? Will it
impact you in a negative way? Or could a strategy
be developed that would allow the information that we give
(09:11):
you on every show to impact your family in a
positive way? And Chris, I think that's what people need
to be. They're so headstrong and bulldozed into negative, negative, negative,
and they don't understand this a positive way. And that's
what we try to do because once they see if
you will you see the light? Wow, you get that
aha moment?
Speaker 5 (09:30):
Right?
Speaker 3 (09:30):
Well, that's just it.
Speaker 4 (09:31):
I mean these opportunities now that are present to us.
People are taking advantage of these opportunities when the market's
going down. They take advantage of the opportunities when things
are happening, when many people are getting caught off guard
with So what are you doing about it? Do you
have a plan with that? Or are you just sitting
there and going with the flow with everybody else? And
(09:52):
you don't have to go down that path. And that's
why if you have a plan, if you have a strategy,
we can help you. So pick up the phone and
schedule time to meet with us. Eight three to three
Maggie Tax.
Speaker 5 (10:00):
And it's called the Maggie Plan.
Speaker 2 (10:01):
It's a tax plan, it's an income plan, it's an
investment plan, and it's a state planning. How many of
you do not have a will or a power of attorney?
How many do not have your beneficiaries up to date?
That's what we do here at Maggie Tax and Financial
eight three to three Maggie Tax. Be sure to visit
our website Maggie Tax dot com. We have a chat
box there. If you have questions, raise your hand, ask
the question and don't forget the top right. Go to
(10:23):
the retirement tax calculator. Fill in your information. If you
have an IRA or a four oh one K or
a four oh three B or a TSP, you have
a tax problem, so check it out Maggie tax dot
Com and don't forget. Every Sunday at ten thirty, tune
into the Maggie Tax and Financial Show on ABC TV.
Visit Maggie Tax dot com and give us a call
eight three to three Maggie Tax. We have off on
(10:45):
both sides of the bay. Eight three three Maggie Tax.
You're listening to the Maggie Tax and Financial Show, and
give us a.
Speaker 3 (10:52):
Call at eight three three Maggie Tax. That's eight three
three Maggie Tax.
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 4 (11:36):
Welcome everyone, and thank you so much for tuning in.
Welcome back, and visit our website at Maggie Tax dot com.
There's so much information right there at your fingertips, and
it's about education and that's what we strive to do
to help you. Why because we feel as if you
are educated enough, you can make the right decisions and
you can empower yourself and your retirement and that's what
we need during these times right now in America. So
(12:00):
ohead right now visit our website at Maggi tax dot com.
A top right hand corner the retirement tax bill. In
thirty seconds, just thirty seconds, you can understand what your
qualified account retirement tax bill will be. Talking about iras
and forming kes. Guess what, you don't have all that
amount of money in those accounts, So Uncle Sam has
a portion, so figure out what that is and we
(12:21):
can help a three to three MAGI tax.
Speaker 2 (12:23):
One thing, we met with a client the other day,
just to point what you just said. He thought he
had one point five million in his IRA and once
we sat down and show him the retirement tax bill
and a calculator. I'm not laughing, but he was shocked
that half of that was not his money. So he
saved all his life for this and now he has
to do something. So education from Maggie Tax is so important.
And why financial education is important, it's because due to
(12:46):
recent tax law changes, we talk about legislative risk and
uncertain future for social Security and the shift toward employee
directed retirement plans, the need for sound financial strategies has
never been greater. That's what Chris and I talked about,
a complete plan. So if you're listening to this and
you don't have an income plan, or a tax plan,
or an insurance plan or an investment plan, you have
(13:09):
an incomplete plan. So in straightforward language, Maggie Tax will
explain time tested strategies that help you to make informed
financial decisions. And again, Chris, I'm going to go back
to a client we met the other day. Old rules
don't apply anymore. New rules apply. So if you sit
down with Chris and I, keep an open mind because
(13:29):
there's new rules and you have to listen and apply them.
And then you're going to say wow, no one told
me about that.
Speaker 4 (13:35):
Well, that's just it. You know, we want you to
have confidence. We want to empower you. Why because this
is your money, this is your retirement. You know you
don't have to rely on the stock market and other
people's decisions on what you can and can do. This
is what you've deserved to do. So make your retirement
the way you want it to be. That's why you
should have an income plan. You should have a tax plan.
You should have an income plan and also an investment plan.
(13:56):
How it relates together in a state plan. Make sure
everything stays in your family. This is what we do
and you can have it too. So pick up the phone,
schedule time to meet with us. Write your questions down.
Let's help you. You know whether your objective is to
build a nest egg or protect your assets or preserve
your lifestyle throughout your retirement. This course and what we
do when we educate, you can plan your future with confidence.
(14:19):
And by working with us today, you will learn about
many ways to save for retirement, as well as the
advantages and the disadvantages of each. You know what are
the tax ramifications, what are the income and the inflation objectives?
And how do I go combat that. What about paychecks
and play checks? What's a play check? Well, we have
clients that have playchecks. They have money coming in every
(14:40):
month and they just spend it and guess what it
comes back in the next thirty days, forever and ever
and ever. It's called the play check. They spend it
on whatever they want. Do you want to playcheck? We
can help you with that as well. A three to
three Magi texs.
Speaker 2 (14:53):
And again with all the volatility, you know, we see
a lot of clients but their account is up, their
account is down, but we have clients that have not
lost a penny when the market's been down. And if
you don't have that plan, then you have an incomplete plan.
So we can help all of you discover how to
save money on taxes. Again, go to Maggie tax dot com.
The top right you'll see the retirement calculator. Click on it.
(15:13):
It'll take you thirty seconds, fill in the information, it'll
send your report back and it's gonna make you wake
up and see what's really going on and then sit
down and give us a call eight three three Maggie Tax.
So this is on you, folks. We're trying to educate you.
That's what our show is about. It's not about selling,
because we can't sell you anything. It's not a store.
This is about your retirement. This is about your savings.
(15:34):
This is about what you worked hard for, and this
is about what you plan for in retirement.
Speaker 4 (15:38):
And you just said it, you know, that's what it's about.
We're not a transactional advisor just sells things. That's not
what it's about. You deserve better. I don't care if
you have fifty thousand. I don't care if you have
fifty million. It doesn't matter. You need a plan. You
deserve a plan. Why Because you've worked so hard, you
put money away, you saved and guess what, they're gonna
go after the people who have the money. And if
you have money, you need to have a plan. And
(16:00):
that's why it's so important to meet with us. Now
is the time. There are strategies that you could put
together today to put you in position to take advantage
of these opportunities that are about to happen. We're talking
about recession, we're talking about the market volatility, we're talking
about inflation. Of these concerns for you, absolutely, they're concerns
for everybody.
Speaker 3 (16:21):
But Guess what.
Speaker 4 (16:22):
The only small amount of people take advantage of opportunities
to put together a complete plan. Many people want a
tax plan, they just don't know where to get it.
They have an advisor, but guess what, they don't talk
to them about that we talked about this last segment.
Many people come in and they say, well, my advisors said,
goes talk to my tax guy. And then when they
go talk to their tax guy, the tax guy says,
we'll go talk to your financial guy. They're not talking
(16:44):
together for you, but we do that here. So pick
up the phone, schedule time to meet with us. We
can help eight three to three Maggie Tax.
Speaker 2 (16:50):
And again we can help all of you discover how
to save money on taxes, manage investment risks, and protect
your assets from potential long term healthcare expenses. And that's
an other big concern, Chris, about long term care.
Speaker 5 (17:02):
We have a solution for that.
Speaker 2 (17:04):
So above all, at Maggie Tax, we can show you
how to access your money financial situations are different for everybody,
and develop a personalized plan to achieve your retirement goals.
And one thing again we're going to keep you know,
pounding on this. Go to my website Maggie tax dot com.
Click on the retirement calculator on the top right, fill
in the information because if you have an IRA or
(17:24):
a four oh one K, or you're getting close to retirement,
we talked about it before because of legislative risk that
no one's talking about, but we are that they change
the rules on you because it's written in pencil. Taxes
are going to go up. I don't care if you're
a Republican, Democrat, independent, anything. Taxes will affect everybody in
this nation. So you have to do something about it.
(17:46):
Look at your situation and see if your plan is
a complete plan or an incomplete plan. And like Chris
talks about, and we both talk about, if you have
a problem with taxes, now is the time to address it.
Speaker 4 (17:56):
So get a second opinion. You know, do you have
confidence in your current advisor to get a second opinion?
I mean, think about it. This is your money. The
advisor used to work for you, not you work for them.
And that's why it's so important to make sure that
you get your accounts lined up into different buckets. Many
people have piles of money, but guess what, they go
up and go down. They don't have to if you
don't want them to. So what do you want? What
(18:18):
do you want? Ask that question to yourself listening today,
because we can help you. We can help you navigate
a plan, put together one that's customized for you. So
pick up the phone. Schedule time to meet with us
eight three three Magi Tax. We do income planning, tax planning,
investment planning, a state planning. Do you have a will?
Do you have a trust? Well, we have attorneys that
take care of all that for you. But guess what,
(18:40):
we're all talking in one room to help you. What
about medicare planning? What about Social Security maximization planning? What's
the best time to take it? We can help. So
pick up the phone. Schedule time to meet with us
eight three to three mag Attacks and don't forget. Every
Sunday on ABCTV at ten thirty in the morning, watch
ABCTV for the Magi Tax and Financial Show three to
(19:00):
three Magi Tax.
Speaker 3 (19:01):
Schedule time to meet with us.
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 4 (19:41):
Welcome back to the Maggie Tax and Financial Show, and
thank you so much for tuning in. You know, I'm
Chris Maggie and uh we love do what we do.
You know, it's a passion that we have to help
you and your retirement should be one of the best
times in your life, you know, spent with your loved
ones and traveling the world as you see fit, playing
a lot of golf, hanging out and doing what you
do and not have to.
Speaker 3 (20:00):
So why am I still working, Chris?
Speaker 4 (20:01):
Please tell your choice as I mentioned, because people help
me out there. You love doing what you do I do,
and it's it's a great feeling when you can help
a lot of people reduce their taxes, have a guaranteed
in complaint and have the estate transfer to their family,
as opposed to having the government plan, which is a
plan for Uncle Sam, which you don't want. So whatever
(20:23):
your perfect retirement looks like, whatever you're dreaming of, the
last thing that you want is to put your retirement
at risk. So what do we do dad to help
people with this.
Speaker 2 (20:32):
Well, you need to ensure that you're prepared for the
most common retirement risks facing older Americans today and younger ones,
so that your retirement doesn't become a time of constant
stress and worry. And we see this every day when
people come in and they're kind of afraid. They'll like say,
I don't have a lot of money. I don't know
if we should be here. But that's not the way
it should be presented. You do have a lot of money,
(20:54):
you did work for it, and it is your retirement,
so you have to make sure that you do it right.
And at Maggie Tax we have identified the five most
common retirement risks that you should know about so that
you can be prepared for them and live a retirement
filled with love and laughter and unforgettable experiences. So that's
what it's about. You work what forty to fifty years
and then you're going to retire. You know, you don't
(21:15):
want to be stressed all the time, christ And that's
what people they lose sleep at night.
Speaker 5 (21:18):
They worry about these things.
Speaker 2 (21:20):
And to me, you know, and you as well, because
we feel this all the time with people, just stop
a second and have a conversation about what you're concerned about,
what actually keeps you up.
Speaker 3 (21:29):
At night, you know, just the thinking about.
Speaker 4 (21:31):
A couple of weeks ago, husband and Life came in
and we got up at the end of the meeting
and they thanked me and I said, no, I thank
you for coming in. They said, no, we thank you
for clarity and peace of mind and understanding. And they
said the gentleman told me, he said, you look, we
work for as dad you mentioned, forty years and we
don't get taught this information.
Speaker 3 (21:51):
And you know, we meet with.
Speaker 4 (21:52):
You for a couple of times and I leave the
office every time excited and just with confidence. And that
was a great feeling. And that's where our clients, oh yeah,
are where. That's what education is so important as.
Speaker 3 (22:05):
It's all about.
Speaker 2 (22:05):
And by the way, you said another thing there, folks,
just understand something. When you go see an advisor, don't
be scared that you're going to close you on the
first day. That is wrong. That is not what we
do at Maggie Tax. It's education. Chris mentioned it. How
many of you know about income planning or tax planning?
Speaker 5 (22:21):
You don't.
Speaker 2 (22:22):
So if Chris and I take the time and sit
with you, and many of you out there have heard
our show and listen to us and come in and
that's what we do. We have a conversation. It's not
sixty minutes and you're out the door. And I just
want to advise you that if you get to a
point like that, just be polite, step back and look
for another advisor. Because the five retirement risks that you
should know about it and your advisor should be talking
(22:44):
about are longevity risk.
Speaker 5 (22:46):
Okay.
Speaker 2 (22:46):
Longevity risk is simply the risk of outliving your projected
lifespan that your current retirement plan is budgeted for. Chris,
there's the word budgeted. People don't budget their money. And
if you were to outlive your savings, which is highly
possible for many older Americans, especially if they live a
health healthy lifestyle, you may struggle to get by on
Social Security alone. And that's not a retirement plan, okay.
(23:09):
And people think about it. People ask us all the time,
am I going to lose it? And if you're living
on that alone, you may find yourself surviving just above
poverty level depending on your earnings before you retire. It
all goes together, doesn't It sure does? So how do
you prepare for it? And the best way to combat
the risk of longevity is to be sure that you
have a significant retirement nest egg that provides significant income
(23:33):
at a safe and secure what's' all rate? And that's
where many people miss it. They don't know how to
how to put together the distribution phase of their retirement,
the income planning side, and that's what we specialize in.
Speaker 3 (23:45):
You know, for instance, if you.
Speaker 4 (23:46):
Want to ensure that you have thirty thousand dollars a
year in revenue from your savings account, you have to
have a minimum investment of seven hundred and fifty thousand
dollars before leaving the workforce, especially if you're planning to
follow the four percent rule, And what I mean by
that is taking four percent of interest interest out per year.
And if you're getting four percent, then you're just gonna
live off the interest. But you know, also consider maximizing
(24:09):
your Social Security benefits by claiming them maybe at a
later time or the latest possible, to avoid any early
filing penalties. And this might make sense for you and
it might not. And that's why we do the Social
Security Maximization Report for everybody. We show you exactly when
it takes social Security and that's what we can do
for you. So pick of the phone, schedule time to
meet with us. We just talked about longevity risk, but
(24:31):
now let's talk about market risk.
Speaker 2 (24:33):
Well, this is probably the risk of investment losses due
to market fluctuation, which we all know. And you will
come across of these losses even after you're retired because
of the nature of investing in the market, and it's
difficult sometimes and if you don't have the right person,
it's going to be even worse. But while it's a
risk that many retires are taking to earn reasonable returns,
that's the bottom line, what's the best return. It doesn't
(24:55):
mean that you have to allow the changes in the
market to impact your nest egg. And we talked about
it before about income planning, bucket planning. There's a reason
right now that if you can take a portion of
your money and put it into the market and let
the rest of your money have income and growth, Chris,
That's how they can avoid that and still have good
returns during their retirement years.
Speaker 4 (25:15):
Yeah, So how do you prepare for it? Well, be
sure to always maintain an appropriate asset allocation by not
investing too much of your savings in the market. So
there's green money buckets, there's yellow money buckets, there's red
money buckets, there's inflation protection buckets. Where are you going
to invest your money? Well, what if you have the
right plan and you can strategically put this together for
you as a case designs, as a portfolio of design,
(25:39):
that's what we could do for you. Pick up the phone,
schedule time to need with us eight three to three Maggie.
Speaker 3 (25:44):
Tax.
Speaker 2 (25:44):
You mentioned the words strategically, and I had a client
last week come and say we hear you talk about it.
Speaker 5 (25:49):
What does that mean?
Speaker 2 (25:50):
You know, we strategically do a rollover of a retirement
account to reduce the tax. That means we put it
into something that's not going to be taxable. So you
want to maximize your retirement. You want to pay less tax,
not more tax. So maximizing your retirement means you're going
to have enough liquidity to cover anywhere from two to
five years of living expenses.
Speaker 5 (26:08):
And Chris, this is another one.
Speaker 2 (26:10):
The first question we ask liquidity, how much do I need?
Speaker 5 (26:13):
Should I hold?
Speaker 2 (26:14):
I had a gentleman say, Bobby, I keep a year's
salary in the bank just in case, because that's what
we were taught. So you know, you don't have to
do that. But in addition, the more diversified your portfolio
you know, sell investments at a loss is more, is
the more mitigation of market risk you'll have during your retirement.
But with all this, Chris, it's got to be managed
by someone who understands that like we do. And we
(26:36):
talk about that to every client because again the word
is education and we're looking for what a solution for
everything they have?
Speaker 4 (26:42):
That's it, and that's why we talked about longevity risk.
We talk about market risk. Well, what about health risk?
You know, health risk this refers to simply to any
unexpected and costly health issues that may occur for you
and your spouse during your retirement. And unfortunately, you know,
old Americans are more likely to encounter some years health
that could incur in significant medical expenses.
Speaker 3 (27:03):
So are you prepared for it? So how do you
prepare for this well.
Speaker 2 (27:06):
The best way that I would say to prepare for
costly and unexpected health risks is to stay ahead of
your health through regular preventive care, exercising, and eating right.
And I know we've been told that all all life,
but you have to do that as you get older.
Be sure to factor in health care spending when you're
outlining your retirement saving goals, and take advantage of the
health savings account if you have it, and we see
(27:27):
people a lot of people have the health savings account
and it's there. It's a benefit you know through your employer.
That's where you're going to wind up getting Also understanding
which Medicare benefits and plans are best suited to your
specific medical needs. If you're turning sixty five. We get
this question all the time, and you have to understand it.
It's another great way to help prepare for health risks
that may arise during retirement. Chris, we had a federal
(27:49):
employee in the other day. I'm seventy years old. They're
still working. They have the Florida Plan, but they also
are questioning what do I do with Medicare? So they
have Medicare part as everybody he does. But then here's
what's happening. When do you take part B how much
does it cost? You know, I've been doing medicare for
thirty years since I've been here. The advantage plans to
supplement plans, and Chris, that's what we talk about with
(28:11):
all this, THU every client.
Speaker 4 (28:12):
That comes in, so dime Outok, you docked all out
right there for a minute. And you know, for those
of you listening today, you know, take a deep breath.
It's okay. You know, we do talk about a lot
of things. Why because these are all issues that you
need to be aware of. So if you're listening today,
take a deep breath. Pick of the phone, schedule times
to meet with us. Visit our website at Maggie Tax
(28:33):
dot com. Our numbers eight three three Maggie Tax, m
A G G I T A X Maaggi tax dot com.
Speaker 2 (28:39):
You know, and I apologize, I just got rambled on there,
but this is what we see every day, Chris and I.
Speaker 5 (28:44):
And it's automatic.
Speaker 2 (28:45):
We don't make this up, we don't script it because
this is what happens to every single client when they
come in. You know, look at our website, take a
look at Maggie tax dot com. Take a look at
the videos that are there on the red money, Green money,
on social Security, on risk, on everything. It's thirty minutes.
Plug it in or just tune in because it's all there.
We do this all the time. But even we do
(29:06):
our show, our radio show I've been doing for a
long time, and our TV show Chris because, as you know,
when you're younger than I am, it's about education, and
many people don't understand retirement, financial planning, investment planning, and the.
Speaker 5 (29:18):
Whole ball of axe.
Speaker 3 (29:19):
Right, that's exactly right, and that's what we're talking about today.
The risk.
Speaker 4 (29:22):
We talk about market risk, longevity risk, right, medicare, we
talked about, what about healthcare risk? What about we're going
to talk about now family risk? Well, family risk. The
risk is an unforeseen risk that you need for family members.
You know, what if you need to take care of
other people, you know, for instance, if you end up
serving as a caregiver for your six spouse, this could
(29:42):
be a big deal for you and how you spend
your retirement or even providing financial support for your adult children.
How many times Dad, we met with the clients that
their kids are living with them with their grandkids. I mean,
it's a big financial burden, but they have to prepare
for this.
Speaker 3 (29:58):
So how do you prepare for this?
Speaker 4 (30:00):
Well, this is one of the most challenging retirement risks
to plan for during retirement years because it typically involves
having incredibly tough conversations with your loved ones. You know,
that's what things, that's what life's about. It's sometimes you're
going to incur those tough conversations and what you really
can do for them and clearly outline your expectations and
(30:20):
your ability to provide so that you don't have to,
you know, go through these tough times with your family
or draining through your retirement security and savings. And this
is a big deal because we've seen this a handful
of times. It's sad, but it happens, and you know,
it's unforeseen risk. And that's what we're talking about today.
Speaker 3 (30:39):
Risks.
Speaker 4 (30:40):
You know, we're going to talk a lot more in
our next segment about the other risks that a lot
of people should encounter before they retire or even think
about in retirement.
Speaker 3 (30:48):
So pick up the phone, schedule time to meet with us.
Speaker 4 (30:51):
You know, we do a lot here Magi Tax mag
atax dot com. Tomorrow watch our TV show ten thirty
am for the mag At Tax Advisory and Financial Show
on ABC TV.
Speaker 3 (31:01):
Thank you so much for listening.
Speaker 4 (31:02):
More to come right here on the Maggie Tax and
Financial Show.
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
Maggi tax dot com or call eight one three three
(31:30):
two two twenty five twenty. That's eight one three three
two two twenty five twenty. Now your host for the
Maggie Tax and Financial Hour, Father and son from Maggie
Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 2 (31:46):
Welcome back, and you're listening to the Maggie Tax and
Financial Show. And today we've been talking about financial literacy
and the books that we wrote because we want to
offer them to all of you. You just have to
call my office, but you have to make an appointment
to come in so we can go over these with you.
First book we talked about was stop funding Uncle Sam's retirement.
That was my first book we wrote. We have the
Maggie Plan that basically talks about everything that we do.
(32:08):
And then we have two other books, one Holistic Retirement.
When you go to my website Maggie Tax dot com,
right on the front it's talk about holistic retirement. What
is an holistic retirement? It encompasses everything. There's a light
bulb there and Chris and I talk about an Aha moment.
Speaker 5 (32:26):
Folks.
Speaker 2 (32:26):
These are what you need to do and take a
look at things like this. Okay, the other two books
I may not have time to talk about today, but
the No Compromise Retirement Plan and also the New Rules
of Retirement Planning.
Speaker 5 (32:38):
Why is it supporting?
Speaker 2 (32:39):
Because we co wrote this with an actuary and someone
that is actually in Washington, that was in the White House,
that was at Capitol Hill. Because these are rules that
you need to follow. I'll be glad to get these
books to you. Make an appointment eight three to three
Maggie Tax, come in and meet with Chris and I
and we'll go over this with you. There's no cost,
there's no obligation, but you want to know something. It's
going to say you a lot of money eight three three, Maggie,
(33:02):
TeX's not.
Speaker 4 (33:03):
Only about a lot of money. It's about time, it's
about peace of mind. It's about the worry. I mean,
we all don't want to worry, right, I mean how
many people worry about income planning in the market and
the ups and downs and oh, my gosh, is where
am I going to pass my assets to? Or how's
that going to work? You know, think about this. Are
you over exposed to risk? You know, do you understand
(33:25):
what tax diversification is? You know what's your appetite for risk?
And you know, doing your own retirement plan is like
doing your own root canal. It's too painful, my gosh.
That's why you're listening today. You know, pick up the phone,
schedule time to meet with us. We do holistic planning.
We do income planning, investment planning, legacy planning, social security
(33:48):
maximization planning. You don't think about this. If you're sixty
five years old and you have a heart condition, do
you go to your primary doctor or do you go
to a specialist? You know what the answer is, you
go to a specialist. That's what we do. We're specialist
in the distribution phase of your retirement. We're a specialist
in income planning. We're a specialist in investment planning. We
can show you buckets of money, how to have safe money,
(34:10):
how to have money from long term growth. We're a
specialist in legacy planning, making sure that your assets transfer
on the most tax efficient way. So pick up the phone,
schedule time to meet with us. My dad's talking about
these books. My gosh, we do that why to educate you.
We do this because we want to make sure that
you understand what options are available. Because once you do,
(34:31):
you could say that's what I want, that's what I want,
and that's what I don't want. Because now you're in
a better situation to be part of your own future
and your own retirement. Moving forward eight three to three,
Maggie tax And we talk about the books because it's
about education.
Speaker 2 (34:46):
But we're so confident this book is going to change
the way you think because you have to learn new strategies.
We're confident it's going to change the way you approach
the future. We talk about solutions, and we're confident it's
going to change the way you make decisions because most
people stick to the decision well you know, I've been
there so long, I'll leave it there. I'm afraid to change.
(35:09):
That's not true. And we're confident because we've seeing it
happen to our clients, to our friends. In fact, it's
happening to savers across the country right now, and we
believe it will happen to you too, and you just
have to take the initiative eight three to three Maggie.
Speaker 5 (35:24):
Tax.
Speaker 2 (35:24):
Look, we live in a world where rapid innovation has
become the norm. Things are changing fast. We talked about
legislature risk. It's changing every day and many of you
don't even know what's going to be income risk, tax risk.
Here's one thing we talk about. Ask yourself this question.
Do you have a complete plan or an incomplete plan?
(35:44):
And Chris, we talk about that all the time because
when we ask them that question, the look in their
eyes are like, I have no idea what you're talking about.
Speaker 4 (35:51):
That's just say, what's your solution. What's your solution to
income planning and tax planning and investment planning. If you
don't have one, that's okay, You're in the right spot
the phone, schedule time to meet with us. Let's get
together because a lot of plans we see out there
are not complete at all. You know, their advisor has
these investment accounts and they're up and down and yeah
they've gained. But guess what, there's no second half of
(36:14):
the game plan for this because it's going to be
it's gonna be eat a way of taxes. People don't
talk about the second half of the game. You know,
it's very simple to accumulate money. You can do it yourself.
You can do it yourself, you can hire a computer
to do it. But what about the distribution phase? That
is when you don't want to lose it all? So
pick up the phone, schedule time to meet with us.
(36:36):
Eight three to three, Maggie, tax get a complete plan.
If your plan is incomplete, let's fine tune these little
spots for you to make sure that you moving forward,
have a plan, an income plant, a tax plan, investment plan,
a legacy plan. My gosh, that's a complete plan.
Speaker 5 (36:51):
You know what's funny.
Speaker 2 (36:51):
A lot of people always asking, I've been in this
business thirty years. Can you give me a brochure? Can
you mail it to me?
Speaker 5 (36:57):
Absolutely not?
Speaker 3 (36:58):
This is all your money. What do you want? You
want this? You want a cookie?
Speaker 4 (37:01):
Cutter plan. Now you want your plan, right, this is
your money. Why do you want John Smith's plan or
Betty Jones's plan? You don't want that, You want your plan.
So pick up the phone, schedule time to meet with us.
Speaker 2 (37:15):
And here's the thing. Some clients say, I want to research.
I'm okay with that. I want to go check the Internet.
Okay with that. The reason why is because you can
google anything that you want and in two seconds you
got it right in front of you. But if you
don't meet with someone who understands it, okay, Google doesn't
explain it to you, Chris, Internet doesn't explain.
Speaker 5 (37:33):
It to you.
Speaker 2 (37:33):
You have to meet with someone that's live, that has
a pulse and has a birthdate. Because then with face
to face, not on the you know, this is the
other thing people do business over the phone.
Speaker 5 (37:43):
I get it. But if you don't know what you're doing,
how are you going to get back to them? That's
upsetting Chris.
Speaker 2 (37:47):
That's that's the responsibility that the agent has to you, teaching.
Speaker 5 (37:50):
Every one of you. And in this area, we've been
doing this for thirty years.
Speaker 4 (37:53):
And that's why it's so important to get together. Let's meet,
Let's have a conversation. You know, come into the office.
We have office on both sides of the bay. Maggie
Tax dot com. That's m A G G I T
a X dot com. Check out our locations, you know,
give us a call. Let's have a conversation. Tax planning,
income planning, investment planning, legacy planning. You know why, because
(38:13):
you deserve it. You don't have to have millions of dollars.
It doesn't matter what you have. What matters is you
want to make it better. And if you do, then
pick up the phone. Let's get together. We'd love to
meet with you. And when you come in, if our
philosophies are in aligned with you and yours are in
line with us, let's work together. If they're not, that's
that's okay as well. You know, adult to adult, let's
(38:33):
have a conversation. That's what it's about. Eight three three
Maggie Tax. Pick up the phone, schedule time to meet
with us. We thank you so much for listening to
our show today A three three Maggie Tax.
Speaker 1 (38:43):
You've been listening to the Maggie Tax on Financial Hour
discussing tax planning investment strategies 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 five twenty
(39:06):
and tune in next Saturday at five for the Maggie
Tax and Financial Hour
All these years you've saved up planning for a 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 (00:53):
Welcome everyone, and thanks for joining us today. My name
is Robert Maggie and you're listening to the Maggie Tax
and Financial Show. I'm here with my son Chris, and
be sure to visit our website. Maggie Tax dot Com.
We have a chat box there, so during today's show
and every show, if you have a question, type it
in and we'll answer it. Also, be sure to go
to the top of my website, Maggie tax dot com
(01:13):
for the retirement calculator. If you have an IRA four
oh one, K, four oh three B or a TSP,
plug in the numbers and we can tell you what
your retirement tax bill is going to be. And then
let's get together eight three to three Maggie Tax. So
what's going to be the tremendous impact when taxes and
inflation and healthcare costs and the impact that's going to
have on all of you? Have you thought about it?
(01:35):
Your children and your grandchildren? What about them? How do
we take care of them? And we must take you
all through a process of discovery, Chris, And every time
we meet with someone, that's what it is. It's questions.
It's about asking them what they feel, not what we
tell them.
Speaker 3 (01:48):
That's it.
Speaker 4 (01:49):
And welcome everyone. Thank you so much for tuning into
the Magi Tax and Financial Show. I'm Chris Maggian. We
welcome you to the show today. And education is extremely important.
We all mention that each and every week we can
educate you, but now is the time to take action.
We are in a yo yo economy. You're on your own.
We see what's happening out there, what are you doing
about it? And why this is so important because this
(02:11):
is your retirement, this is your future, this is your money,
and because it really limits the choices that the fit
A Reserve and the government have for solving our current
inflation crisis. We're in a couple crisises right now, and
the smart people are going to take advantage of these opportunities,
but a lot of people are going to fall victim
to them because they have no plan. So in order
to normalize, so in order to normalize inflation, they must
(02:36):
try to increase the interest rates to level the matches
that the inflation rate is being presented to us today.
So if they did that, the interest on the thirty
one trillion dollars would be around two point five trillion.
That would be more than forty percent of the current
budget going for interest only. So it's amazing what's happening
(02:56):
out there and that many people out there have to
start doing something now.
Speaker 2 (03:00):
Well, you know, it's getting to like the end of
the line. You know, like the end of the year,
you've got to do something before it starts all over again.
So yeah, I mean we have to look at this
and sit down and have a conversation. So would other
programs the government provided be eliminated, of course not, because
they're already implemented.
Speaker 5 (03:16):
So think about it.
Speaker 2 (03:17):
You know, they would increase our current inflation problem by
printing what more money? Everybody knows that, So inflation, Chris,
is a big deal. And finally, if you understand the
information that we're going to talk about, you're going to
realize that the government would surely attempt to increase income
taxes and all other taxes.
Speaker 5 (03:33):
And we're going to get into that.
Speaker 2 (03:34):
But every time we ask a question, and I'm asking
everyone out there, do you think taxes are going to go.
Speaker 5 (03:39):
Up or down or what?
Speaker 1 (03:39):
Do?
Speaker 3 (03:40):
They normally say it's going to go up. But here's
the thing.
Speaker 4 (03:42):
When you have these retirement tax accounts that are infected
with taxes, you have a question mark tax rate. You're
moving in the future with the unknown, and that's a
scary point, especially when you need income. That means more
income to the government and less to you, and that's
not a good situation to be in.
Speaker 5 (04:00):
And let's make it real simple.
Speaker 2 (04:01):
If you have an IRAA four oh one K four
oh three B, a set plan, or a TSP, guess
what you have a target on your back? Why because
that money hasn't been taxed. And again, go to the
Maggie tax dot Com and click on the retirement calculator,
put in your numbers and you'll see what I'm talking
about and in thirty seconds you're going to look at this.
Speaker 5 (04:19):
We had a client last week that came in.
Speaker 2 (04:21):
He's fifty five years old, and when we first started
talking him about this, he goes, oh, I don't worry
about it. But guess what when he did it, Chris.
Speaker 3 (04:27):
What happened then?
Speaker 2 (04:28):
I mean he was like, really, I'm going to pay
that much tax based on that much growth, and then
what if the market goes down? And then it started
to realize time to do something about it now.
Speaker 3 (04:38):
And that's it.
Speaker 4 (04:38):
So what he did was he created a bucket plan.
And that's what we can put together for you. There's
buckets designed with the purpose. We can show you from
safety buckets for income, buckets for play checks. Who wants
a play check? What is a play check? A playcheck
is just what it is, a check coming in each
and every month that you can play with. It's going
to come in every month for the rest of your life.
You want a five hundred dollars playcheck, you want a
(04:59):
thousand dollars play just spend the heck out of it
every month because it's going to keep coming in. It's
a great way to put together a nice play area
for you to do whatever you want in the future.
Speaker 3 (05:09):
But it's designing this for you.
Speaker 2 (05:10):
Yeah, but it's what you always say, and we talk about.
They don't understand how to do bucket planning. They have
a pile of money and they think, well, I got
to take out that four percent that was supposedly told
for years and years.
Speaker 5 (05:20):
But that's not the case.
Speaker 2 (05:21):
When you do bucket planning, you have income, you have growth,
and then you have later money, so preserve it. We
had a gentleman the other day, so I just want
to preserve my money. Chris, Well, you're not doing it
the way you are because ninety percent of your money
was what we call in red money, was infected with taxes.
Speaker 4 (05:35):
That's exactly right. And you can also have green money.
You can have a straight fixed rate a lot, paying
a lot higher than with the CD to are paying
right now if you want just something really safe and fixed.
But also you can be in the market and have
upside potential with no downside market loss. So there's a
lot of different things you can do to protect yourself
if uknow, if you know about it, and the only
(05:55):
way to do it is to meet with the right advisor.
So pick up the phone, schedule time to meet with us.
Eight three maggie tax. That's eight three to three maggie tax.
Speaker 2 (06:02):
And just remember we talk about this every week, all
of us, all of us are going to face increased
taxes and a dramatic loss of the purchasing power of
the money that you have left after taxes and losses
in the market. And Chris, we call that market risk.
So let's talk about that from me.
Speaker 4 (06:17):
So the question I have for everyone listening today, are
you okay with what's happening right now? Or you see it,
you feel it, you watch the news, you know you
get that easy, uneasy feeling out there.
Speaker 3 (06:27):
Are you okay with that?
Speaker 4 (06:29):
Or would you like to develop a strategy that allows
all of you to prevent all that damage to your
financial and your retirement future. You have the choice. We
talked about it before. We're in Ayoeo economy. You're on
your own, but you can put together something if you
work with the right advisor. You know, we're going to
show you how to use this amazing information.
Speaker 3 (06:48):
You know that Social.
Speaker 4 (06:49):
Security has provided each and every year since nineteen ninety
to show you why it's likely that you will pay
more in taxes in the future. Do something now to
prevent all this for you and your family.
Speaker 2 (07:01):
So a three to three Maggie Tax. We have office
on both sides of the Bay. Visit our website Maggie
Tax dot com. We have a chat box there. Please
put a question in there. We'll answer it because if
you have questions, we can help you out. And don't
forget the retirement tax calculator on the top of the website.
Speaker 5 (07:16):
Click on it.
Speaker 2 (07:17):
I'm putting your information and in thirty second it's going
to tell you what your retirement tax bill is. And
I don't think anyone's doing that that I know of
your CPA, your tax prepairer, your broker. All they're talking
about is the market and market risk. Well Chris was
just talking about it. So we also use the information
to show and this is important for the older people
grandma and grandpa out there. Why it's so vital to
(07:38):
preserve and even leverage their estates because statistics show us
that it will be highly unlucky that grandma and grandpa's
children and grandchildren will have enough money to retire unless
grandma and Grandpa preserve their estates. And I have to
be one of them. You have two children, and I'm
a papa, and my wife said yah yah, because it's Greek.
Speaker 5 (07:57):
But we have to also think about it.
Speaker 2 (07:58):
We have how you know your two kids, Addison and
you know Ryan later on are going to be taken
care of because right now you're not learning that, and
you have to teach that.
Speaker 4 (08:08):
And we're not talking about a gift towards them, just
to give them my point. You want to be able
to give them the opportunity, the opportunity where they can
have a bucket of money that they can tap into
to help them move forward in the future. And if
you provide them with the education and the knowledge, they'll
make their own decisions. But now you have a hand
up as opposed to a handout.
Speaker 2 (08:28):
Good point, that's that's really good. And we got a
lot of people coming in and saying, well, my kids
think my retirement is their money. Not necessarily. I mean,
I love my kids, I love my grandchildren. I'm sure
many of you out there do. But you've got to
draw the line and start teaching them, because our goal
is not to tell you about all this information, because
we want to ask all of you how you feel
about this noise, because how is it going to affect
(08:49):
you and your family? And we want to verify how
you feel about all this and then we can implement
the strategy and come up with a solution. And we're
talking about bucket planning and red money, green money, and
talking about Chris mentioned before, play checks and paychecks. So
how all this impact you and your family? Will it
impact you in a negative way? Or could a strategy
be developed that would allow the information that we give
(09:11):
you on every show to impact your family in a
positive way? And Chris, I think that's what people need
to be. They're so headstrong and bulldozed into negative, negative, negative,
and they don't understand this a positive way. And that's
what we try to do because once they see if
you will you see the light? Wow, you get that
aha moment?
Speaker 5 (09:30):
Right?
Speaker 3 (09:30):
Well, that's just it.
Speaker 4 (09:31):
I mean these opportunities now that are present to us.
People are taking advantage of these opportunities when the market's
going down. They take advantage of the opportunities when things
are happening, when many people are getting caught off guard
with So what are you doing about it? Do you
have a plan with that? Or are you just sitting
there and going with the flow with everybody else? And
(09:52):
you don't have to go down that path. And that's
why if you have a plan, if you have a strategy,
we can help you. So pick up the phone and
schedule time to meet with us. Eight three to three
Maggie Tax.
Speaker 5 (10:00):
And it's called the Maggie Plan.
Speaker 2 (10:01):
It's a tax plan, it's an income plan, it's an
investment plan, and it's a state planning. How many of
you do not have a will or a power of attorney?
How many do not have your beneficiaries up to date?
That's what we do here at Maggie Tax and Financial
eight three to three Maggie Tax. Be sure to visit
our website Maggie Tax dot com. We have a chat
box there. If you have questions, raise your hand, ask
the question and don't forget the top right. Go to
(10:23):
the retirement tax calculator. Fill in your information. If you
have an IRA or a four oh one K or
a four oh three B or a TSP, you have
a tax problem, so check it out Maggie tax dot
Com and don't forget. Every Sunday at ten thirty, tune
into the Maggie Tax and Financial Show on ABC TV.
Visit Maggie Tax dot com and give us a call
eight three to three Maggie Tax. We have off on
(10:45):
both sides of the bay. Eight three three Maggie Tax.
You're listening to the Maggie Tax and Financial Show, and
give us a.
Speaker 3 (10:52):
Call at eight three three Maggie Tax. That's eight three
three Maggie Tax.
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 4 (11:36):
Welcome everyone, and thank you so much for tuning in.
Welcome back, and visit our website at Maggie Tax dot com.
There's so much information right there at your fingertips, and
it's about education and that's what we strive to do
to help you. Why because we feel as if you
are educated enough, you can make the right decisions and
you can empower yourself and your retirement and that's what
we need during these times right now in America. So
(12:00):
ohead right now visit our website at Maggi tax dot com.
A top right hand corner the retirement tax bill. In
thirty seconds, just thirty seconds, you can understand what your
qualified account retirement tax bill will be. Talking about iras
and forming kes. Guess what, you don't have all that
amount of money in those accounts, So Uncle Sam has
a portion, so figure out what that is and we
(12:21):
can help a three to three MAGI tax.
Speaker 2 (12:23):
One thing, we met with a client the other day,
just to point what you just said. He thought he
had one point five million in his IRA and once
we sat down and show him the retirement tax bill
and a calculator. I'm not laughing, but he was shocked
that half of that was not his money. So he
saved all his life for this and now he has
to do something. So education from Maggie Tax is so important.
And why financial education is important, it's because due to
(12:46):
recent tax law changes, we talk about legislative risk and
uncertain future for social Security and the shift toward employee
directed retirement plans, the need for sound financial strategies has
never been greater. That's what Chris and I talked about,
a complete plan. So if you're listening to this and
you don't have an income plan, or a tax plan,
or an insurance plan or an investment plan, you have
(13:09):
an incomplete plan. So in straightforward language, Maggie Tax will
explain time tested strategies that help you to make informed
financial decisions. And again, Chris, I'm going to go back
to a client we met the other day. Old rules
don't apply anymore. New rules apply. So if you sit
down with Chris and I, keep an open mind because
(13:29):
there's new rules and you have to listen and apply them.
And then you're going to say wow, no one told
me about that.
Speaker 4 (13:35):
Well, that's just it. You know, we want you to
have confidence. We want to empower you. Why because this
is your money, this is your retirement. You know you
don't have to rely on the stock market and other
people's decisions on what you can and can do. This
is what you've deserved to do. So make your retirement
the way you want it to be. That's why you
should have an income plan. You should have a tax plan.
You should have an income plan and also an investment plan.
(13:56):
How it relates together in a state plan. Make sure
everything stays in your family. This is what we do
and you can have it too. So pick up the phone,
schedule time to meet with us. Write your questions down.
Let's help you. You know whether your objective is to
build a nest egg or protect your assets or preserve
your lifestyle throughout your retirement. This course and what we
do when we educate, you can plan your future with confidence.
(14:19):
And by working with us today, you will learn about
many ways to save for retirement, as well as the
advantages and the disadvantages of each. You know what are
the tax ramifications, what are the income and the inflation objectives?
And how do I go combat that. What about paychecks
and play checks? What's a play check? Well, we have
clients that have playchecks. They have money coming in every
(14:40):
month and they just spend it and guess what it
comes back in the next thirty days, forever and ever
and ever. It's called the play check. They spend it
on whatever they want. Do you want to playcheck? We
can help you with that as well. A three to
three Magi texs.
Speaker 2 (14:53):
And again with all the volatility, you know, we see
a lot of clients but their account is up, their
account is down, but we have clients that have not
lost a penny when the market's been down. And if
you don't have that plan, then you have an incomplete plan.
So we can help all of you discover how to
save money on taxes. Again, go to Maggie tax dot com.
The top right you'll see the retirement calculator. Click on it.
(15:13):
It'll take you thirty seconds, fill in the information, it'll
send your report back and it's gonna make you wake
up and see what's really going on and then sit
down and give us a call eight three three Maggie Tax.
So this is on you, folks. We're trying to educate you.
That's what our show is about. It's not about selling,
because we can't sell you anything. It's not a store.
This is about your retirement. This is about your savings.
(15:34):
This is about what you worked hard for, and this
is about what you plan for in retirement.
Speaker 4 (15:38):
And you just said it, you know, that's what it's about.
We're not a transactional advisor just sells things. That's not
what it's about. You deserve better. I don't care if
you have fifty thousand. I don't care if you have
fifty million. It doesn't matter. You need a plan. You
deserve a plan. Why Because you've worked so hard, you
put money away, you saved and guess what, they're gonna
go after the people who have the money. And if
you have money, you need to have a plan. And
(16:00):
that's why it's so important to meet with us. Now
is the time. There are strategies that you could put
together today to put you in position to take advantage
of these opportunities that are about to happen. We're talking
about recession, we're talking about the market volatility, we're talking
about inflation. Of these concerns for you, absolutely, they're concerns
for everybody.
Speaker 3 (16:21):
But Guess what.
Speaker 4 (16:22):
The only small amount of people take advantage of opportunities
to put together a complete plan. Many people want a
tax plan, they just don't know where to get it.
They have an advisor, but guess what, they don't talk
to them about that we talked about this last segment.
Many people come in and they say, well, my advisors said,
goes talk to my tax guy. And then when they
go talk to their tax guy, the tax guy says,
we'll go talk to your financial guy. They're not talking
(16:44):
together for you, but we do that here. So pick
up the phone, schedule time to meet with us. We
can help eight three to three Maggie Tax.
Speaker 2 (16:50):
And again we can help all of you discover how
to save money on taxes, manage investment risks, and protect
your assets from potential long term healthcare expenses. And that's
an other big concern, Chris, about long term care.
Speaker 5 (17:02):
We have a solution for that.
Speaker 2 (17:04):
So above all, at Maggie Tax, we can show you
how to access your money financial situations are different for everybody,
and develop a personalized plan to achieve your retirement goals.
And one thing again we're going to keep you know,
pounding on this. Go to my website Maggie tax dot com.
Click on the retirement calculator on the top right, fill
in the information because if you have an IRA or
(17:24):
a four oh one K, or you're getting close to retirement,
we talked about it before because of legislative risk that
no one's talking about, but we are that they change
the rules on you because it's written in pencil. Taxes
are going to go up. I don't care if you're
a Republican, Democrat, independent, anything. Taxes will affect everybody in
this nation. So you have to do something about it.
(17:46):
Look at your situation and see if your plan is
a complete plan or an incomplete plan. And like Chris
talks about, and we both talk about, if you have
a problem with taxes, now is the time to address it.
Speaker 4 (17:56):
So get a second opinion. You know, do you have
confidence in your current advisor to get a second opinion?
I mean, think about it. This is your money. The
advisor used to work for you, not you work for them.
And that's why it's so important to make sure that
you get your accounts lined up into different buckets. Many
people have piles of money, but guess what, they go
up and go down. They don't have to if you
don't want them to. So what do you want? What
(18:18):
do you want? Ask that question to yourself listening today,
because we can help you. We can help you navigate
a plan, put together one that's customized for you. So
pick up the phone. Schedule time to meet with us
eight three three Magi Tax. We do income planning, tax planning,
investment planning, a state planning. Do you have a will?
Do you have a trust? Well, we have attorneys that
take care of all that for you. But guess what,
(18:40):
we're all talking in one room to help you. What
about medicare planning? What about Social Security maximization planning? What's
the best time to take it? We can help. So
pick up the phone. Schedule time to meet with us
eight three to three mag Attacks and don't forget. Every
Sunday on ABCTV at ten thirty in the morning, watch
ABCTV for the Magi Tax and Financial Show three to
(19:00):
three Magi Tax.
Speaker 3 (19:01):
Schedule time to meet with us.
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 4 (19:41):
Welcome back to the Maggie Tax and Financial Show, and
thank you so much for tuning in. You know, I'm
Chris Maggie and uh we love do what we do.
You know, it's a passion that we have to help
you and your retirement should be one of the best
times in your life, you know, spent with your loved
ones and traveling the world as you see fit, playing
a lot of golf, hanging out and doing what you
do and not have to.
Speaker 3 (20:00):
So why am I still working, Chris?
Speaker 4 (20:01):
Please tell your choice as I mentioned, because people help
me out there. You love doing what you do I do,
and it's it's a great feeling when you can help
a lot of people reduce their taxes, have a guaranteed
in complaint and have the estate transfer to their family,
as opposed to having the government plan, which is a
plan for Uncle Sam, which you don't want. So whatever
(20:23):
your perfect retirement looks like, whatever you're dreaming of, the
last thing that you want is to put your retirement
at risk. So what do we do dad to help
people with this.
Speaker 2 (20:32):
Well, you need to ensure that you're prepared for the
most common retirement risks facing older Americans today and younger ones,
so that your retirement doesn't become a time of constant
stress and worry. And we see this every day when
people come in and they're kind of afraid. They'll like say,
I don't have a lot of money. I don't know
if we should be here. But that's not the way
it should be presented. You do have a lot of money,
(20:54):
you did work for it, and it is your retirement,
so you have to make sure that you do it right.
And at Maggie Tax we have identified the five most
common retirement risks that you should know about so that
you can be prepared for them and live a retirement
filled with love and laughter and unforgettable experiences. So that's
what it's about. You work what forty to fifty years
and then you're going to retire. You know, you don't
(21:15):
want to be stressed all the time, christ And that's
what people they lose sleep at night.
Speaker 5 (21:18):
They worry about these things.
Speaker 2 (21:20):
And to me, you know, and you as well, because
we feel this all the time with people, just stop
a second and have a conversation about what you're concerned about,
what actually keeps you up.
Speaker 3 (21:29):
At night, you know, just the thinking about.
Speaker 4 (21:31):
A couple of weeks ago, husband and Life came in
and we got up at the end of the meeting
and they thanked me and I said, no, I thank
you for coming in. They said, no, we thank you
for clarity and peace of mind and understanding. And they
said the gentleman told me, he said, you look, we
work for as dad you mentioned, forty years and we
don't get taught this information.
Speaker 3 (21:51):
And you know, we meet with.
Speaker 4 (21:52):
You for a couple of times and I leave the
office every time excited and just with confidence. And that
was a great feeling. And that's where our clients, oh yeah,
are where. That's what education is so important as.
Speaker 3 (22:05):
It's all about.
Speaker 2 (22:05):
And by the way, you said another thing there, folks,
just understand something. When you go see an advisor, don't
be scared that you're going to close you on the
first day. That is wrong. That is not what we
do at Maggie Tax. It's education. Chris mentioned it. How
many of you know about income planning or tax planning?
Speaker 5 (22:21):
You don't.
Speaker 2 (22:22):
So if Chris and I take the time and sit
with you, and many of you out there have heard
our show and listen to us and come in and
that's what we do. We have a conversation. It's not
sixty minutes and you're out the door. And I just
want to advise you that if you get to a
point like that, just be polite, step back and look
for another advisor. Because the five retirement risks that you
should know about it and your advisor should be talking
(22:44):
about are longevity risk.
Speaker 5 (22:46):
Okay.
Speaker 2 (22:46):
Longevity risk is simply the risk of outliving your projected
lifespan that your current retirement plan is budgeted for. Chris,
there's the word budgeted. People don't budget their money. And
if you were to outlive your savings, which is highly
possible for many older Americans, especially if they live a
health healthy lifestyle, you may struggle to get by on
Social Security alone. And that's not a retirement plan, okay.
(23:09):
And people think about it. People ask us all the time,
am I going to lose it? And if you're living
on that alone, you may find yourself surviving just above
poverty level depending on your earnings before you retire. It
all goes together, doesn't It sure does? So how do
you prepare for it? And the best way to combat
the risk of longevity is to be sure that you
have a significant retirement nest egg that provides significant income
(23:33):
at a safe and secure what's' all rate? And that's
where many people miss it. They don't know how to
how to put together the distribution phase of their retirement,
the income planning side, and that's what we specialize in.
Speaker 3 (23:45):
You know, for instance, if you.
Speaker 4 (23:46):
Want to ensure that you have thirty thousand dollars a
year in revenue from your savings account, you have to
have a minimum investment of seven hundred and fifty thousand
dollars before leaving the workforce, especially if you're planning to
follow the four percent rule, And what I mean by
that is taking four percent of interest interest out per year.
And if you're getting four percent, then you're just gonna
live off the interest. But you know, also consider maximizing
(24:09):
your Social Security benefits by claiming them maybe at a
later time or the latest possible, to avoid any early
filing penalties. And this might make sense for you and
it might not. And that's why we do the Social
Security Maximization Report for everybody. We show you exactly when
it takes social Security and that's what we can do
for you. So pick of the phone, schedule time to
meet with us. We just talked about longevity risk, but
(24:31):
now let's talk about market risk.
Speaker 2 (24:33):
Well, this is probably the risk of investment losses due
to market fluctuation, which we all know. And you will
come across of these losses even after you're retired because
of the nature of investing in the market, and it's
difficult sometimes and if you don't have the right person,
it's going to be even worse. But while it's a
risk that many retires are taking to earn reasonable returns,
that's the bottom line, what's the best return. It doesn't
(24:55):
mean that you have to allow the changes in the
market to impact your nest egg. And we talked about
it before about income planning, bucket planning. There's a reason
right now that if you can take a portion of
your money and put it into the market and let
the rest of your money have income and growth, Chris,
That's how they can avoid that and still have good
returns during their retirement years.
Speaker 4 (25:15):
Yeah, So how do you prepare for it? Well, be
sure to always maintain an appropriate asset allocation by not
investing too much of your savings in the market. So
there's green money buckets, there's yellow money buckets, there's red
money buckets, there's inflation protection buckets. Where are you going
to invest your money? Well, what if you have the
right plan and you can strategically put this together for
you as a case designs, as a portfolio of design,
(25:39):
that's what we could do for you. Pick up the phone,
schedule time to need with us eight three to three Maggie.
Speaker 3 (25:44):
Tax.
Speaker 2 (25:44):
You mentioned the words strategically, and I had a client
last week come and say we hear you talk about it.
Speaker 5 (25:49):
What does that mean?
Speaker 2 (25:50):
You know, we strategically do a rollover of a retirement
account to reduce the tax. That means we put it
into something that's not going to be taxable. So you
want to maximize your retirement. You want to pay less tax,
not more tax. So maximizing your retirement means you're going
to have enough liquidity to cover anywhere from two to
five years of living expenses.
Speaker 5 (26:08):
And Chris, this is another one.
Speaker 2 (26:10):
The first question we ask liquidity, how much do I need?
Speaker 5 (26:13):
Should I hold?
Speaker 2 (26:14):
I had a gentleman say, Bobby, I keep a year's
salary in the bank just in case, because that's what
we were taught. So you know, you don't have to
do that. But in addition, the more diversified your portfolio
you know, sell investments at a loss is more, is
the more mitigation of market risk you'll have during your retirement.
But with all this, Chris, it's got to be managed
by someone who understands that like we do. And we
(26:36):
talk about that to every client because again the word
is education and we're looking for what a solution for
everything they have?
Speaker 4 (26:42):
That's it, and that's why we talked about longevity risk.
We talk about market risk. Well, what about health risk?
You know, health risk this refers to simply to any
unexpected and costly health issues that may occur for you
and your spouse during your retirement. And unfortunately, you know,
old Americans are more likely to encounter some years health
that could incur in significant medical expenses.
Speaker 3 (27:03):
So are you prepared for it? So how do you
prepare for this well.
Speaker 2 (27:06):
The best way that I would say to prepare for
costly and unexpected health risks is to stay ahead of
your health through regular preventive care, exercising, and eating right.
And I know we've been told that all all life,
but you have to do that as you get older.
Be sure to factor in health care spending when you're
outlining your retirement saving goals, and take advantage of the
health savings account if you have it, and we see
(27:27):
people a lot of people have the health savings account
and it's there. It's a benefit you know through your employer.
That's where you're going to wind up getting Also understanding
which Medicare benefits and plans are best suited to your
specific medical needs. If you're turning sixty five. We get
this question all the time, and you have to understand it.
It's another great way to help prepare for health risks
that may arise during retirement. Chris, we had a federal
(27:49):
employee in the other day. I'm seventy years old. They're
still working. They have the Florida Plan, but they also
are questioning what do I do with Medicare? So they
have Medicare part as everybody he does. But then here's
what's happening. When do you take part B how much
does it cost? You know, I've been doing medicare for
thirty years since I've been here. The advantage plans to
supplement plans, and Chris, that's what we talk about with
(28:11):
all this, THU every client.
Speaker 4 (28:12):
That comes in, so dime Outok, you docked all out
right there for a minute. And you know, for those
of you listening today, you know, take a deep breath.
It's okay. You know, we do talk about a lot
of things. Why because these are all issues that you
need to be aware of. So if you're listening today,
take a deep breath. Pick of the phone, schedule times
to meet with us. Visit our website at Maggie Tax
(28:33):
dot com. Our numbers eight three three Maggie Tax, m
A G G I T A X Maaggi tax dot com.
Speaker 2 (28:39):
You know, and I apologize, I just got rambled on there,
but this is what we see every day, Chris and I.
Speaker 5 (28:44):
And it's automatic.
Speaker 2 (28:45):
We don't make this up, we don't script it because
this is what happens to every single client when they
come in. You know, look at our website, take a
look at Maggie tax dot com. Take a look at
the videos that are there on the red money, Green money,
on social Security, on risk, on everything. It's thirty minutes.
Plug it in or just tune in because it's all there.
We do this all the time. But even we do
(29:06):
our show, our radio show I've been doing for a
long time, and our TV show Chris because, as you know,
when you're younger than I am, it's about education, and
many people don't understand retirement, financial planning, investment planning, and the.
Speaker 5 (29:18):
Whole ball of axe.
Speaker 3 (29:19):
Right, that's exactly right, and that's what we're talking about today.
The risk.
Speaker 4 (29:22):
We talk about market risk, longevity risk, right, medicare, we
talked about, what about healthcare risk? What about we're going
to talk about now family risk? Well, family risk. The
risk is an unforeseen risk that you need for family members.
You know, what if you need to take care of
other people, you know, for instance, if you end up
serving as a caregiver for your six spouse, this could
(29:42):
be a big deal for you and how you spend
your retirement or even providing financial support for your adult children.
How many times Dad, we met with the clients that
their kids are living with them with their grandkids. I mean,
it's a big financial burden, but they have to prepare
for this.
Speaker 3 (29:58):
So how do you prepare for this?
Speaker 4 (30:00):
Well, this is one of the most challenging retirement risks
to plan for during retirement years because it typically involves
having incredibly tough conversations with your loved ones. You know,
that's what things, that's what life's about. It's sometimes you're
going to incur those tough conversations and what you really
can do for them and clearly outline your expectations and
(30:20):
your ability to provide so that you don't have to,
you know, go through these tough times with your family
or draining through your retirement security and savings. And this
is a big deal because we've seen this a handful
of times. It's sad, but it happens, and you know,
it's unforeseen risk. And that's what we're talking about today.
Speaker 3 (30:39):
Risks.
Speaker 4 (30:40):
You know, we're going to talk a lot more in
our next segment about the other risks that a lot
of people should encounter before they retire or even think
about in retirement.
Speaker 3 (30:48):
So pick up the phone, schedule time to meet with us.
Speaker 4 (30:51):
You know, we do a lot here Magi Tax mag
atax dot com. Tomorrow watch our TV show ten thirty
am for the mag At Tax Advisory and Financial Show
on ABC TV.
Speaker 3 (31:01):
Thank you so much for listening.
Speaker 4 (31:02):
More to come right here on the Maggie Tax and
Financial Show.
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
Maggi tax dot com or call eight one three three
(31:30):
two two twenty five twenty. That's eight one three three
two two twenty five twenty. Now your host for the
Maggie Tax and Financial Hour, Father and son from Maggie
Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 2 (31:46):
Welcome back, and you're listening to the Maggie Tax and
Financial Show. And today we've been talking about financial literacy
and the books that we wrote because we want to
offer them to all of you. You just have to
call my office, but you have to make an appointment
to come in so we can go over these with you.
First book we talked about was stop funding Uncle Sam's retirement.
That was my first book we wrote. We have the
Maggie Plan that basically talks about everything that we do.
(32:08):
And then we have two other books, one Holistic Retirement.
When you go to my website Maggie Tax dot com,
right on the front it's talk about holistic retirement. What
is an holistic retirement? It encompasses everything. There's a light
bulb there and Chris and I talk about an Aha moment.
Speaker 5 (32:26):
Folks.
Speaker 2 (32:26):
These are what you need to do and take a
look at things like this. Okay, the other two books
I may not have time to talk about today, but
the No Compromise Retirement Plan and also the New Rules
of Retirement Planning.
Speaker 5 (32:38):
Why is it supporting?
Speaker 2 (32:39):
Because we co wrote this with an actuary and someone
that is actually in Washington, that was in the White House,
that was at Capitol Hill. Because these are rules that
you need to follow. I'll be glad to get these
books to you. Make an appointment eight three to three
Maggie Tax, come in and meet with Chris and I
and we'll go over this with you. There's no cost,
there's no obligation, but you want to know something. It's
going to say you a lot of money eight three three, Maggie,
(33:02):
TeX's not.
Speaker 4 (33:03):
Only about a lot of money. It's about time, it's
about peace of mind. It's about the worry. I mean,
we all don't want to worry, right, I mean how
many people worry about income planning in the market and
the ups and downs and oh, my gosh, is where
am I going to pass my assets to? Or how's
that going to work? You know, think about this. Are
you over exposed to risk? You know, do you understand
(33:25):
what tax diversification is? You know what's your appetite for risk?
And you know, doing your own retirement plan is like
doing your own root canal. It's too painful, my gosh.
That's why you're listening today. You know, pick up the phone,
schedule time to meet with us. We do holistic planning.
We do income planning, investment planning, legacy planning, social security
(33:48):
maximization planning. You don't think about this. If you're sixty
five years old and you have a heart condition, do
you go to your primary doctor or do you go
to a specialist? You know what the answer is, you
go to a specialist. That's what we do. We're specialist
in the distribution phase of your retirement. We're a specialist
in income planning. We're a specialist in investment planning. We
can show you buckets of money, how to have safe money,
(34:10):
how to have money from long term growth. We're a
specialist in legacy planning, making sure that your assets transfer
on the most tax efficient way. So pick up the phone,
schedule time to meet with us. My dad's talking about
these books. My gosh, we do that why to educate you.
We do this because we want to make sure that
you understand what options are available. Because once you do,
(34:31):
you could say that's what I want, that's what I want,
and that's what I don't want. Because now you're in
a better situation to be part of your own future
and your own retirement. Moving forward eight three to three,
Maggie tax And we talk about the books because it's
about education.
Speaker 2 (34:46):
But we're so confident this book is going to change
the way you think because you have to learn new strategies.
We're confident it's going to change the way you approach
the future. We talk about solutions, and we're confident it's
going to change the way you make decisions because most
people stick to the decision well you know, I've been
there so long, I'll leave it there. I'm afraid to change.
(35:09):
That's not true. And we're confident because we've seeing it
happen to our clients, to our friends. In fact, it's
happening to savers across the country right now, and we
believe it will happen to you too, and you just
have to take the initiative eight three to three Maggie.
Speaker 5 (35:24):
Tax.
Speaker 2 (35:24):
Look, we live in a world where rapid innovation has
become the norm. Things are changing fast. We talked about
legislature risk. It's changing every day and many of you
don't even know what's going to be income risk, tax risk.
Here's one thing we talk about. Ask yourself this question.
Do you have a complete plan or an incomplete plan?
(35:44):
And Chris, we talk about that all the time because
when we ask them that question, the look in their
eyes are like, I have no idea what you're talking about.
Speaker 4 (35:51):
That's just say, what's your solution. What's your solution to
income planning and tax planning and investment planning. If you
don't have one, that's okay, You're in the right spot
the phone, schedule time to meet with us. Let's get
together because a lot of plans we see out there
are not complete at all. You know, their advisor has
these investment accounts and they're up and down and yeah
they've gained. But guess what, there's no second half of
(36:14):
the game plan for this because it's going to be
it's gonna be eat a way of taxes. People don't
talk about the second half of the game. You know,
it's very simple to accumulate money. You can do it yourself.
You can do it yourself, you can hire a computer
to do it. But what about the distribution phase? That
is when you don't want to lose it all? So
pick up the phone, schedule time to meet with us.
(36:36):
Eight three to three, Maggie, tax get a complete plan.
If your plan is incomplete, let's fine tune these little
spots for you to make sure that you moving forward,
have a plan, an income plant, a tax plan, investment plan,
a legacy plan. My gosh, that's a complete plan.
Speaker 5 (36:51):
You know what's funny.
Speaker 2 (36:51):
A lot of people always asking, I've been in this
business thirty years. Can you give me a brochure? Can
you mail it to me?
Speaker 5 (36:57):
Absolutely not?
Speaker 3 (36:58):
This is all your money. What do you want? You
want this? You want a cookie?
Speaker 4 (37:01):
Cutter plan. Now you want your plan, right, this is
your money. Why do you want John Smith's plan or
Betty Jones's plan? You don't want that, You want your plan.
So pick up the phone, schedule time to meet with us.
Speaker 2 (37:15):
And here's the thing. Some clients say, I want to research.
I'm okay with that. I want to go check the Internet.
Okay with that. The reason why is because you can
google anything that you want and in two seconds you
got it right in front of you. But if you
don't meet with someone who understands it, okay, Google doesn't
explain it to you, Chris, Internet doesn't explain.
Speaker 5 (37:33):
It to you.
Speaker 2 (37:33):
You have to meet with someone that's live, that has
a pulse and has a birthdate. Because then with face
to face, not on the you know, this is the
other thing people do business over the phone.
Speaker 5 (37:43):
I get it. But if you don't know what you're doing,
how are you going to get back to them? That's
upsetting Chris.
Speaker 2 (37:47):
That's that's the responsibility that the agent has to you, teaching.
Speaker 5 (37:50):
Every one of you. And in this area, we've been
doing this for thirty years.
Speaker 4 (37:53):
And that's why it's so important to get together. Let's meet,
Let's have a conversation. You know, come into the office.
We have office on both sides of the bay. Maggie
Tax dot com. That's m A G G I T
a X dot com. Check out our locations, you know,
give us a call. Let's have a conversation. Tax planning,
income planning, investment planning, legacy planning. You know why, because
(38:13):
you deserve it. You don't have to have millions of dollars.
It doesn't matter what you have. What matters is you
want to make it better. And if you do, then
pick up the phone. Let's get together. We'd love to
meet with you. And when you come in, if our
philosophies are in aligned with you and yours are in
line with us, let's work together. If they're not, that's
that's okay as well. You know, adult to adult, let's
(38:33):
have a conversation. That's what it's about. Eight three three
Maggie Tax. Pick up the phone, schedule time to meet
with us. We thank you so much for listening to
our show today A three three Maggie Tax.
Speaker 1 (38:43):
You've been listening to the Maggie Tax on Financial Hour
discussing tax planning investment strategies 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 five twenty
(39:06):
and tune in next Saturday at five for the Maggie
Tax and Financial Hour
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