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
in tax savings, income planning, and investment opportunities, Robert and
(00:22):
Chris share advice and tax planning strategies designed to protect
your retirement nest egg from Uncle Sam. Your questions and
comments are welcome during today's program by calling eight one
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty, or visit Maggie
Tax dot com. That's Maggi tax dot com and now
(00:46):
your host for the Maggie Tax Financial Hour on nine
seventy WFLA. Robert and Chris Maggie.
Speaker 2 (00:52):
Welcome everyone, and thanks for joining us today. My name
is Robert Maggie, and you're listening to the Maggie Tax
and Financial Show. And I'm here with my son, Chris Magi,
and today we're going to be talking about a lot
of topics that we'll concern all of you that maybe
you don't understand. So when you hear what we talk about,
if you have questions, pick up the phone, give us
a call eight three to three Maggie Tax. Be sure
(01:13):
to visit our website Maggie Tax dot com and we're
going to be talking about it as we always have.
Go to the retirement Calculator on the top right and
click in that site there and fill in your information
and in thirty seconds will show you what your tax
liability is going to be. So, Chris, we have a
lot to talk about. We're going to talk about tax
risk and legislative risk. So let's get started.
Speaker 3 (01:33):
Well, let's just say so welcome everyone, Thank you so
much for listening to our show today. There's so much
to cover, and let me talk about what my dad
was mentioning before. When you go to our website, the RTB,
the Retirement tax Bomb, if you have an IRA A
four to one K, you have to stop and you
have to understand what's going on because that is a
huge tax liabilitate you're going to pay in the future,
(01:54):
and many people just keep deferring taxes and put money
away in the form one KS and iras well. Maybe
that could be bucket that year used to having, which
is fine because you get a nice tax deduction. But
think about creating other buckets that are tax free because
as things change in this country, taxes are going to
go up. And that's what we're talking about today, tax
risk and legislative risk. So what the heck is the difference?
Speaker 2 (02:17):
Well, as things stay hot in Washington, and they have
been and they always will be. I'm getting asked this
question more and more, Chris, and I see clients every day.
But both are intertwined risk that can dramatically impact us
savers like you, like all of us, and both are
risk on most savers are underprepared to address. So let's
talk about the first one, because this is the biggest
one tax risk. Tax risk is the risk that a
(02:40):
person's taxes are going to be higher in retirement than planned.
And Chris, most of the people that we see don't
see that because they're not ready to retire or they
have like you just talked about with the retirement calculator. Yeah,
they're going to defer it. They don't have to take
it out till seventy three. Now, no problem. But that's
the window that you have to do the tax strategy
you're talking about bucket planning and reduce the tax risk absolutely,
(03:01):
and those are the strategies that we can use and
we do it each and every day.
Speaker 3 (03:03):
But the misconception is that many people think, well, I'll
be in a lower tax bracket when I retire, And
maybe that might be the case, but we see is
a lot of times it's not. And as taxes increase
and people take more out of qualified accounts like iras
and form and case, it's creating tax on solid security.
It can be up to eighty five percent tax on
(03:24):
solid security, and that's where tax rates are going to
increase and you're going to pay more in tax. So
that's where many people think, well, I'm just sixty five,
I'm gonna pay less in tax. It has nothing to
do with your age. It has to do with the
income and the sources of income that you're putting on
your tax return that's generating the tax.
Speaker 2 (03:41):
And that's a great point you make there because a
lot of people don't see that. And then the other
side of it is when you start transferring money from
a taxable account and you pay the taxes. Now, it
could if you're over sixty five, or if you're on Medicare,
it could affect the arm attax on your Part B, which.
Speaker 4 (03:57):
Is the Medicare tax that you pay for Part B
premium for.
Speaker 2 (04:01):
People don't see that, Chris, it's ridiculous. So what does
that mean? It means more of a retirees income is
going to the IRS as taxes and less of the
income is staying with the retiree like you to spend
on living expenses because think about this, you should be
putting a budget together, Chris, and I always ask you,
know you when you come in, what's your budget because
(04:21):
a lot of people don't know what they're spending, and
you know it's not good if you spend more than
you make. And to prove this, visit Maggie tax dot
com and on the top right you're going to click
on the retirement calculator. Just fill in the information and
in thirty seconds we'll send you what the retirement tax
bill will look like. Even if you do it. I
know people play with it and they give us different numbers,
(04:42):
but it's the tax bracket that you have to look at.
Depending on how much you have, you're going to pay
more to Uncle Sam than you're going.
Speaker 3 (04:49):
To get and that's where you don't want to and
that's why you have to control of the tax risk.
And many people talk about investments. Yeah, we do investments.
We can put together a plan for you. There's a
lot of things we do, but taxes are our biggest
exp and it's going to be the same thing for you.
So think of the phone, schedule time to meet with us.
There's so much to talk about. We're talking about tax
risks today, we're talking about legislative risk today. But also
(05:09):
it's going to affect your investments. So what about your investments?
You know markets a hi markets have been doing well.
What are you doing when it goes the other way?
Where's your protection? Where's your tax protection as well? So
pick up the phone, schedule time to meet with us.
We have office on both sides of the bay. A
three to three Maggie tax that's eight three three maggie tax.
Speaker 2 (05:29):
So in short, tax risk measures the level of taxation
you a saver experience in retirement. And unless you sit
down with a tax person like us who does tax planning,
advanced tax planning, you're not going to know. You're not
going to know until you file that tax return. So
we're talking about your ire, your four H three B
or your TSP plan. It's a tax time bomb. And
(05:50):
people come in and they laugh and they go, I
didn't know that it was a tax time bomb. Well
it is, and it's going to be worse as time
passes by. So check it out and see what we mean.
We're about to see tax risk in action. In twenty
twenty five, several provisions from the twenty seventeen tax will expire.
This includes that reduction in individual income tax brackets. And
(06:11):
if you want a copy of the tax brackets, send
me an email or call me and I'll send it
to you to prove my point, because when we do seminars,
we give this out and it's going to change, meaning
that your tax bracket's going to go up three percent
and you're going to be paying more in taxes. And
I'm telling you, people just hear it, and they hear
it and they don't do anything about it. And it's
like when you open up the door and there's a
big win come and you're going to get hit with it.
(06:32):
So let's try to avoid that now.
Speaker 4 (06:34):
Well, that's just said.
Speaker 3 (06:35):
So when as you listen to our show today, you
know we're talking about taxes, and many people say, I'll
just deal with it during tax season, but it's not
the way to go about this. Taxes are our biggest
expense and they're going to get worse, especially if you're
a savior. So if you have iras and forming case,
we need to start doing bucket planning. What do I
mean by bucket planning? We need to position accounts that
(06:55):
are a taxable in the non taxable account accounts. We
talk about the level of risk that you taken with
your money. Do you need an income plan? Well, we
can develop an income plan where you can have investment
safety and preservation, also investment growth, and also make sure
that the money that you receive is income tax free.
Speaker 4 (07:13):
So think about this.
Speaker 3 (07:13):
Would you rather be in an environment where you're going
to get taxed on everything you take out or would
you rather be in an environment where it's tax free.
It's never taxed anymore. And you can develop these buckets
if you meet with the right advisors. So pick up
the phone, schedule time to meet with us. Eight three
to three MAGI tax that's eight three to three Magi
Tax and.
Speaker 2 (07:32):
A simple word, as we call it, strategic planning. You
don't want to just put everything in one bucket. You
want it strategically spread it out. So, like Chris is
talking about, you have a plan, you have a complete plan.
And I might insult some people here by saying you
have an incomplete plan, because you do. Because if you
don't have a tax plan or an income plan, you
have an incomplete plan. So do something about it. Give
(07:54):
us a call eight three to three Magi Tax, and
don't forget our website, Maggie tax dot com.
Speaker 3 (07:59):
Yeah, I want to talk about other advisors, maybe your
advisor right now, they're they're managing your money and the
market's up, so everyone's winning, right.
Speaker 4 (08:05):
But get this, that's an incomplete plan.
Speaker 3 (08:07):
Because if you're not talking about taxes and your advisor's
not showing you ways to reduce it or create an
income stream for you where you never outlive your money,
then you have an incomplete plan. And we're talking about
also a state planning as well. Many people out there
don't have a will or a trust, or or documents
or proper beneficiary designation to make sure that everything stays
in the family. You have an incomplete plan. At Maggie
(08:29):
Tax Advisor in financial group, we do complete planning. It's
holistic planning. We take a tax approach to help you
reduce your tax. We deal with investments. We can do
bucket planning and manage the money and risk. We could
talk about income planning, we could talk about safety and
guaranteed retirement buckets. We could talk about an estate planning
or maximizing your social Security benefits. So what's on your
(08:50):
mind as you listen today, think about the questions you're
having and we can meet with you. So let's get together,
have a conversation, and let's put together a plan for you.
That's what we call the Maggi Plan. Income planning, tax planning,
investment planning, state planning, social security planning. That's what we
call the Maggi Plan. So visit our website at Maggie
tax dot com. Write this number down eight three to
(09:11):
three Maggie Tax Schedule and appointment today. Let's get together
before it's too late. Where you're subject to one hundred
percent tax on your retirement, which again we call it
a question mark tax rate. In the future, you don't
want to be there where Uncle Sam controls the taxes
you pay. I'd rather pay the tax is now on
some of the money to make sure that I'm incomplete control.
Speaker 4 (09:34):
A three to three Maggie Tax.
Speaker 2 (09:35):
Well, let me kind of make another comment here. We
do seminars two a month. We do them at libraries,
and they're on wills and trusts. And the point is
that many people that come and we talk about wills
and trust we talk about probate, We talk about how
to take your home out of probate because many people
don't have certain documents that would avoid probate. And I
(09:56):
can go into that more, but I would suggest to
go to my website, Maggie Tax dot com. Click on
the top where it says seminars. It's open for registration now,
and I encourage all of you to come in because
if you don't have a will or a trust or
the documents the powers of attorney what we're talking about
and we're going to get into more detail, this seminar
is for you. So give us a call eight three
to three, Maggie Tax, and don't forget. Every Sunday at
(10:17):
ten thirty on ABC TV, tune into the Maggie Tax
and Financial Show, Chris and I talk about a lot
of situations there that pertain to you. And by the way,
it's not selling, it's educating because you have to understand
the language what Chris and I are talking about today.
I know most of you might be confused, but we
can help you with that. Eight three three Maggie Tax.
Visit our website Maggie Tax dot com and get the
(10:40):
Maggie Plan. It's simple and easy to understand. It's a
tax plan, it's an income plan, it's an investment plan,
and it's a legacy plan. Eight three to three Maggie
Tax and visit our website Maggie Tax dot com. You're
listening to the Maggie Tax and Financial Show. Eight three
to 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 gg I tax dot com or call eight
(11:19):
one three three two two twenty five twenty that's eight
one three three two two twenty five twenty now your
host for the Maggie Tax and Financial Hour. Father and
son from Maggie Tax Advisory and Financial Group, Robert and
Chris Maggie.
Speaker 3 (11:35):
Welcome back to the Maggie Tax and Financial Show, and
thank you for tuning in. I'm Chris Maggie and I'm
here at my dad and coast of the show, Robert Maggie,
and visit our website at Maggie Tax dot com. There's
so much information right there at your fingertips. We're talking
about seminars to get educated. Three in one seminar, learn
about your tax bill. If you have an IRA Form
one K, it's a it's a tax time bomb about
(11:56):
to explode with taxes. How do you defuse that time bomb?
We can help you. Visit our website at magatax dot com.
Schedule time to meet with us. Let's get together. We
have office on both sides of the bay. Let's review
your investments. Let's put together an income plan. Let's show
you what you can do, put together a complete plan
for you and your family. So one of the things
we're talking about today, because we're talking about the seminars
(12:19):
that we do, we discussed the enhanced plan and the
estate planning. What about Social Security? And there's four things
to understand before making decisions about your Social Security benefits.
So Dad, let's start with number one. It all starts
when you pay in correct exactly.
Speaker 2 (12:34):
So each paycheck that you receive from your employer is
subject to Social Security tax that amounts to about twelve
point four percent of your salary, but split evenly at
six point two percent for you and six point two
percent for your employer. So you pay that amount on
everything you earn up to a certain amount of this
one be one hundred and forty seven thousand, and each
(12:54):
one five hundred and ten dollars that you earned provides
you with one Social Security credit, up to four credits
per year, and once you've collected forty credits, you are
eligible to receive benefits. And this, Chris, is the biggest
question we get. Do they have enough credits? How do
they establish the credits? And if I don't have enough credits,
what do I do that' said?
Speaker 3 (13:14):
So most people, if you work ten years and you
work throughout the whole year, you get four credits a year,
that's forty quarters. You're good to go. But a lot
of people we meet with sometimes they're short. Sometimes they
have thirty eight credits, they just don't qualify for the benefit.
So it all starts when you pay in. So the
second thing that's really important if you do understand about
making Social Security decisions, that you increase your benefit as
(13:35):
you earn more.
Speaker 4 (13:36):
So let's talk about that.
Speaker 2 (13:37):
Sure, well, you may be eligible to receive Social Security
benefits after working as few as ten years. The amount
you receive is calculated over a greater time period, So
your benefit amount is based on your highest thirty five
years of earnings. If you've worked fewer than thirty five years,
the missing years are counted at zero. Again, Chris, we
run a Social Security Maximization report that clears all this up,
(14:00):
and when we do the seminar, the second segment is
the Social Security I can't tell you how many questions
we get on this. It's just so confusing to a
lot of people.
Speaker 3 (14:07):
Absolutely, and that's why it's so important to make sure
that you go to SSA dot gov and look to
see if your earnings are calculated correctly. But a quick example,
my mom, my mom here, what she did was look
at our social Security statement and one year there was
zero on her earnings record. They didn't calculate it. So
all we had to do we notified Solid Security Administration.
(14:27):
We showed her the W two and guess what they
changed that real quick. So if that happens to you,
don't be alarmed to pick up the phone, schedule time
to meet with us. Let's go over call Social Security,
but also making sure that you have everything credited and
your earnings are there. So talking about Social Security and
number three, the things that you need to understand is
that the earliest you can receive benefits is age sixty two.
Speaker 4 (14:50):
So let's elaborate on that for a little bit.
Speaker 2 (14:51):
Correct, So you may begin to receive early benefits from
security age sixty two. That's a few years before what
the Social Security Administration calls your full retirement age or FRO.
Full retirement age or FRA is the age at which
you can receive one hundred percent of your primary insurance amount.
And this is important because when we do tax planning
(15:13):
and we do taxes, it depends on the biggest question
we get, when should I take it? Well, you can
take it at sixty two if you definitely need it,
but there's a couple of variables in there that if
you're working, Chris, and you're making more than a certain amount,
you don't need to be taking soil security. I guess
the biggest concern most people have that it's not going
to be there. So each month that you delay receiving
your Social Security benefit, the amount that you're going to
(15:35):
receive increases. Retire at sixty two and you may only
receive seventy five percent of your primary insurance amount. Retire
it your full retirement age and you're going to receive
one hundred percent of your FRA. So wait even longer
and you may receive an additional eight percent each year
up to age seventy. So what happens is from sixty
two to sixty six it grows at six point two percent,
(15:57):
and sixty six to seventy it grows at eight percent.
And Chris, many times when we show this to clients,
they don't really understand, Wow, maybe I can wait, and
this is how come it's growing?
Speaker 3 (16:06):
So when's the best time to take it? Every situation
is different. There's no one age for everybody that's the
best option for them. So what you need to do
is meet with the right advisor bringing your Social Security statement.
Let's analyze it. Let's do the maximization report for you
and your spouse so we can show you when's the
best time to take the benefit. And we also will
(16:27):
show you how much you're going to get per month.
And this is part of the income plan. This is
part of the incomplaining that we do, and it correlates
with your investment plan and your tax plan and your
overall enhanced plan. So that's why it's so important to
meet with us. Let's go over social Security. Let's explain it,
and let's answer those questions that you have. So we're
talking about here today what you need to do to
(16:48):
understand your benefits about Social Security, and number four is
find your when we talk about this all the time,
but find your win.
Speaker 2 (16:56):
Elaborate on that for me day exactly. And this is
one of the most challenging questions. That is when to
start receiving your Social Security benefit? Should you start collecting
at sixty two, wait until seventy, or choose somewhere in
the middle because you can if you're age sixty two
or older. The first question you should ask yourself is
if you need the money and if you do need
solid security income to meet your expenses. In retirement, you'll
(17:18):
need to take your Social Security income or consider other options.
If you don't need the money, it might make sense
to consider delaying your benefits to let your future payment
increase until you reach one dred percent of your PIA
and Chris, many times that we meet with clients, their
advisors are not talking about this. They're not addressing as
state taxes, they're not talking about Social Security because they
(17:39):
don't understand it. So you have to understand how it
works and how it's going to benefit you. That's why
the seminar, the three and one seminar that we put together,
is so important. Go to Maggie tax dot com. Registered today,
You're invited. It's simple, and there's the locations are right
there in the times.
Speaker 3 (17:54):
And if you can't visit our seminar, then no problem.
Just pick up the phone, schedule time to meet with
us and visually we have office on both sides of
the Bay. Schedule appointment to meet with us. So we
talked about four different things that you need to understand
about social security, but also there's benefits for spouses and
x spouses and widows and widowers, so there's so much
there education about social security They should have a whole
(18:18):
class on this because many people have no idea how
it starts. What the benefits are this cost of living adjustments?
How is that based off of? My gosh, you know
what happens if someone passes away, who gets the higher
of the two? Usually it's a spouse that's living gets
the higher of the two. But many people don't understand that.
So spousal benefits, death benefits your benefits. There's a lot
(18:40):
to discover, and there's also it's important to understand. This
is very crucial to understanding your retirement income needs. So
pick up the phone, schedule time to meet with us.
Eight three three Magi tacks. That's a three to three
mag Attacks and don't forget. Every Sunday on ABC TV,
tune in on ABC TV at ten thirty for the
Magi Tax and Financial Show three to three Maggie Tax.
Speaker 1 (19:03):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host father and son Robert and Chris.
Speaker 4 (19:13):
Maggie.
Speaker 1 (19:13):
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 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
(19:37):
Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 3 (19:41):
Welcome back to the Megie Tax and Financial Show, and
thank you so much for tuning in and visit our
website at Maggie tax dot com. In thirty seconds, you
can find out what your tax bill would be in retirement.
If you have an IRA Form one K, you need
to understand what this number is why, because it can't
affect your retirement future your income. Maggietax dot com up
(20:02):
a right hand corner tax bill in retirement, Click on
it and you can discover what that will be. But
more importantly, schedule time than met with us. There's so
much information to talk about. If you have questions about
how do I design an income plan for my retirement
where it has inflation built in and multiple income sources
and guaranteed income, how do I go about doing that?
Speaker 4 (20:23):
We can help.
Speaker 3 (20:24):
What if you're looking for an investment plan? A lot
of volatility going on in the market. Does it really
keep you up at night? Are you losing sleep? Do
you have questions? Do you really not know what's going
on and you're afraid to open up your statements. Well,
let's ged it together and have a conversation about it,
because there might be some bucket planning that we could
put together to design for safety and growth and inflation
(20:46):
and a lot of other opportunities that are in the
market today. What about social security planning? Do you have
questions about how do I maximize it for me and
my spouse? What about a state planning? I want to
leave all this stuff to my heirs. I just don't
know how to do it. Is everything set up the
right way? Well, we can help these things that we
do each and every day to help you. So pick
up the phone, schedule time to meet with us. We
(21:07):
look forward to get in together with you. Eight three
to three, Maggie tax.
Speaker 2 (21:11):
So the question I would ask is how many of
you have a complete plan or an incomplete plan? And
what Chris just mentioned are some of the things that
we see that people have an incomplete plan? So what
are you doing about it? You know what keeps you
up at night? What's that elephant in the room. Is
it about income? Is it about taxes? Is it about
your investments? We know the volatility of the market is there,
(21:34):
but how are you prepared to take less risk and
keep more for yourself? And has anyone ever done a
beneficiary review for you? Quick example, We've had a client,
a couple clients this past year. They passed away and
they had beneficiary designations on there. They had POD and
TOD on their accounts and Chris, the money passed to
their beneficiaries probate free and it didn't have to go
(21:58):
through that process. People make mistakes about estate planning, let's
call it enhanced planning. Do you have the list of
who you want your assets to go to and when
it should go to them and how much it should
go to them? Are you set up that way so
you know if you have an incomplete plan? Think about
(22:18):
what Chris and I are talking about. If it's about income,
it's about taxes. You confuse about your investments. You don't
understand them. We see this every day. We ask a client,
bring in your statement, We ask them do they understand
their investments? And Chris, the answer that we get all
the time is, well, not.
Speaker 3 (22:35):
Really that is just not a good answer, and it's
not because you work hard. You worked hard for the money,
you have, the assets that you have, and the worst
thing you want to do is either I have to
go back to work or be outlive your money. And
most people that come in and meet with us, we
ask them, you know what brought you in and the
main question and the answer is I want to make
sure I don't outlive my money and is that going
(22:56):
to happen? And we have to do the analysis to
figure it out, and sometimes we have to tell people yes,
at this pace and with the assets that you have,
you will outlive your money. And that's where it's very,
very scary. So can you retire? We can show you
we can. We can show you the projections, we can
show you what the guarantees are going to be. We
can show you that if you have a concrete plan
(23:18):
or a complete plan, then you'll enjoy retirement. You'll have
the inflation buckets coming in for income in the future,
you'll have the estate plan so if anything happens to
you a stay in your family. That's what we call
developing a plan, because if you don't have a plan,
guess what you know what someone who you don't know
will make that plan for you in the future because
you didn't set it up the right way.
Speaker 2 (23:40):
So check the boxes off. Do you have a tax
plan yes or no? Do you have an income plan
yes or no? Do you have an investment plan or
just laying that money right in the market. Do you
have an estate plan or an enhanced plan? What about
college planning for the children? Are you aware if you
have a mutual fund you're paying fees? How many fees
are you paying? The question is do you know what
(24:01):
your fees are paying? Because if you're paying fees, it's
eating aweight your retirement. So without a plan, like Chris says,
you have nothing. So everything we do, we have to
have a plan. What are you looking for in an
advisor that you would be willing to work with. We
just mentioned a bunch of topics that we would talk
to you about because we see this all the time. Well,
(24:22):
my advisor doesn't talk about tax planning. Chris or Bobby,
you know this is and when we ask him what
were you hoping for when you came in, And the
answer we get all the time is wow, not this.
Speaker 3 (24:33):
Well, you know the thing about it is when you
talk about. We asked that question, is your current advisor
talking about tax planning? And most of the time, probably
ninety five percent of the time, it's no. And the
question that I have is why. I mean, that's your
biggest expense. Taxes are our biggest expense, and it's going
to get worse. So think about this, your cruising the retirement.
Everything's going well, and guess what legislative risk happens? And
(24:55):
the tax code changes and guess what less to because
now you have to pay more to Uncle Sam, so
that income check every month goes down. And what about
inflation that's happening right now on top of it. So
you're in a situation where you have to change your
lifestyle in retirement. Is that what you want? The answer
is no. But could it happen to you? Yes, And
(25:19):
if you don't have the right plan in place, like
an income plant, a tax plan, investment plan, then yes,
it could happen. And that's what you don't want. So
right now is a time, more than ever before, to
pick up the phone and schedule a time get a
second opinion. Do you have enough confidence in your current advisor?
Get a second opinion? Because it's about you. It's about
(25:39):
your money. It's not about me or your CPA or
your current advisor. It's not about that. It's about what
you want your money to do for you. Do you
want safe money, we can help. Do you want money
in the market where it's risky. We can design buckets
like that as well. But guess what. You have to
have a purpose with everything you do. Why Because that's
(25:59):
a plan.
Speaker 4 (26:00):
We all hear.
Speaker 3 (26:00):
Yeah, you need to have a plan in life. We
all get that. But the end of the day is
do you have a plan with your retirement? Take control
of this and we can help eight three three Maggie Tax.
Speaker 2 (26:09):
So the biggest question for all of you listening today,
how can we at Maggie Tax and Financial help you.
That's the question. So when you come in, I want
to know the answer. How can we help you? You
know what upsets you every night when you put your
head on that pillow and your mind starts racing about
what you're worried about because you can't control it. You know,
what are you looking to change? And this is the
(26:31):
big question, Chris. Change has to happen in many cases
with people out there because they don't understand their investments
they don't understand income planning. Their advice is not sitting
down and talking to them. So what would you change?
Think about that? What would you change if you were
educated on what you have that maybe it's not the
(26:51):
right investment for you, maybe it's not the right plan
for you. When would you change it? And like I said,
what's the elephant in the room?
Speaker 3 (26:59):
And that's just it. You know, is your plan, your
present plan, going to get you where you want to go?
Do you know unequivocally? If that the answer is yes,
If you are thinking about it, well I'm really sure
or I don't really know, then you have to get
a second opinion. You have to look at this. You
have to have someone look at this for you so
you can have that Yeah, absolutely, I know absolutely my
(27:21):
plan is going to give me what I want in
retirement and is doing it right now. That's what you want,
the confidence, the clarity, the control, and that's what we
can help you with. So pick up the phone, schedule
time to meet with us. We look phwoto meeting with you.
We have office on both sides of the bay to
help you. A three to three Maggie tax that's eight
three to three Maggie Tax.
Speaker 2 (27:39):
And here's the big question. Do you all do this
planning on your own? Think about this. The left brain
in you is the more to think about it. The
right brain is the solution side of your brain. We
have both sides working for us, Chris, the left and
the right. Because you're confused, you have to draw a
line in the sand. I can't understand planning, you know.
(28:00):
I think I'm okay, but I'm not. And most people
buy what they want, not what they need. And that's
the issue that we try to talk about. What do
you want? You know? What are your needs? How much
income do you want? You know? Does your advisor have
a process, Maggie tax advisor, We have a process. We
come in and you come in and meet with us.
We ask you questions, you ask us questions. We do
(28:23):
a balance sheet, so we know where your assets are.
We know what the qualified money is non qualified money.
We know where your bank accounts are if they're titled right.
Does your advisor do all this? We call it red money,
green money, and on my website you can take a
look at it. But look, if you're taking too much
risk and you don't know it, folks, you know Chris
does this all the time. When are you going to
(28:43):
realize that you don't have to take all that risk,
You don't have to pay all those fees, and you
don't have to see your account go down because your
advisor says, well, everybody else is losing. No, it's not true, Chris,
that's not true.
Speaker 4 (28:56):
That's just it. You know, why file the crowd.
Speaker 3 (28:58):
We don't have to just because your advisor says everyone
else has lost money. But where is it written that
you have to lose thirty forty percent? Where is it
written that you have to go down that route. I'm
frustrated because you don't have to. I have clients that
come in and they're like, well, you know, it is
what it is. We lost three hundred thousand dollars with
our old advisor. Why doesn't have to be that way?
(29:20):
You know, maybe you're younger and you got time on
your side and you can absorb some of these losses.
But guess what, you're in retirement. Why go down to
three four, five hundred thousand dollars?
Speaker 4 (29:30):
Why?
Speaker 3 (29:31):
You know that's up to you, but you don't have to.
You know, where is it written that you have to
lose twenty thirty forty percent like everybody else, it's not there.
You don't have to go down that route if you
don't want to, So pick up the phone, schedule a
time to meet with us. Let's show you bucket planning.
Let's put together a plan for you. Buckets. What are
buckets buckets with a purpose. You have buckets for safety.
(29:52):
You have buckets for inflation. You have buckets for future
guaranteed income. You have buckets for the volatility control. You
have buckets to take it advantage of the opportunity in
the market's down. You have buckets to take advantage when
the market goes down. You have buckets out there to
provide buffer and strategies to protection against no loss in
the market. How do you go about doing these things?
Because every account needs to have a purpose based on
(30:14):
what you are looking for? What is it that you want?
That's the question. When you come in, we're going to
ask you that question. We're going to listen to you,
we're going to hear you. We're going to make this
very very real for you to try to accomplish what
you are looking for. We're going to educate you, We're
going to take our time, We're going to build the confidence,
build the clarity, and you're going to have the control
in retirement. If that's what you want, you can pick
(30:36):
up the phone and schedule time to meet with us.
We look forward at meeting with you. Why because this
is real. Things are changing and you need to be
on the other side to take advantage of these opportunities
as opposed to falling victim to them.
Speaker 4 (30:49):
So pick up the phone. We look forward to meeting
with you.
Speaker 3 (30:51):
Eight three three Magi tacks and don't forget every Sunday
for the mag Attacks and Financial Show on tv ABC
TV at ten thirty and visit our website Maggie Tax
dot com. Schedule time to meet with us eight three
three Maggie Tax.
Speaker 1 (31:08):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host father and son Robert and Chris.
Speaker 4 (31:18):
Maggie.
Speaker 1 (31:18):
For additional information on how you can create a tax
free retirement, visit Maggie Tax dot com. That's m a
gg I tax dot com or call eight one 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
(31:41):
Maggie Tax Advisory in Financial Group, Robert and Chris Maggie.
Speaker 2 (31:45):
Welcome everyone. You're listening to the Maggie Tax and Financial Show.
My name is Robert Maggie. I'm here with my son Chris,
and pick up the phone. Give us a call eight
three to three Maggie Tax. Tell him it's urgent. Let's
make an appointment, whether it be taxes, income planning, investment planning,
a planning, anything, Let's talk about it. Let's have a conversation.
And again we talked about it before. The most successful
appointments that we have are with clients who listen, and
(32:09):
by the way, we listen, who understand the language and
have good questions, Chris, because you mentioned it before, what
about someone? And we always get this when we get
we do a show, we get a call on Monday,
we get a call today. My parents passed away and
they have money. I don't know how to get it.
They're confused and they have no direction at all, and
(32:29):
it's because they don't understand the language. And we do
not push you to a solution. We lead you in
the direction that you want to go. That is very
important because when you become a transactional advisor, you're selling.
When you become a complete advisor, you're asking questions and
you are asking questions why because it's your money and
it's simple, it's your life.
Speaker 4 (32:50):
And that's what we do.
Speaker 3 (32:51):
And our goal is to help you discover the gaps
and your plan without accusing you of making bad decisions.
What's done is done, and that's okay, But now what
do you do moving forward?
Speaker 4 (33:00):
Forward?
Speaker 3 (33:00):
In a framework that's been effected across the board is
complete versus incomplete language, and we do complete planning, and
it's okay right now if you have an incomplete plan,
we can complete it because we'll show you how to
have an income plan, a tax plan, and investment plan
and also in a state plan. And I really can't
say that you're doing anything wrong with your finances, but
based on what you have told me, it's important that
(33:22):
you move on going forward that there are some areas
that we could make complete because right now it's incomplete.
So it's entirely different process. When you come to meet
with us, we plan out your future. We can show
you based on your goals and the risk what you
want to complete and we can make that happen. We
(33:42):
had a girl that came in last week. She said,
just lay it out for me, tell me what exactly
you need to do, so I could retire in five
years from now where I don't have to worry about
outliving my money, where I don't have to worry about
paying more in taxes, where I don't have to worry
about if anything passes, if I pass away, that my
kids are not going to go through the probate process.
I don't want to have to worry about that, So
can you help me? And that's what she asked me
(34:03):
to do, and we did. We put together a plan
for her and by the time it was done, she said,
oh my gosh, now I have a plan, I have clarity,
I have confidence, and she's willing to move forward for
the next five years of working and after that she's done.
She has everything in place. So and that was just
a relief for her. And that's why it could be
a relief for you. If you pick up the phone,
schedule time to meet with us. Because there's things on
(34:24):
your mind. Let's address those. If you have an incomplete plan,
let's make it a complete plan. Eight three to three
Maggie Tax.
Speaker 2 (34:31):
Yeah, don't be embarrassed. You know, if we tell you
have an incomplete plan, nothing's wrong with that. We just
got to fix it. So once you see what a
complete plan is compared to your incomplete plan, Chris and
I are confident that you're going to understand and start
to make some changes. And many of you listening today
that are our clients that have met with us, understand
what we're talking about because we walk you through it.
(34:52):
And I'm confident that you're going to understand and start
to make some changes because you want to make changes
that are good. You don't want to make changes just
because someone tells you to do it and it turns
out to be bad. We don't want that. So give
us a call eight three to three, Maggie Tax. And
when you call again, we've been saying this throughout today's show.
Make sure you say it's urgent. It's urgent, no matter
(35:13):
what you want us to do, tax is, income planning,
tax planning, anything, just say it's urgent, pick up the phone,
come in and meet with us. Eight three to three,
Maggie Tax.
Speaker 3 (35:23):
So that's why it's so important to get together with us,
because you know, hey, it's your money, right, it's not ours,
but we can help you and we can lead you
in the right direction.
Speaker 4 (35:31):
So eight three to three Magie tax. So we have
a question, you know, for everyone.
Speaker 3 (35:35):
You know, when a witness is on the stand in
a court of law, the lary's lawyer speaking to him
does not have to have the liberty of making statements.
They almost exclusively just ask questions about the facts of
the case.
Speaker 4 (35:46):
Right.
Speaker 3 (35:47):
So in the same way what we do here, We
always ask you questions, and the more information we get
from you, that answer is so important to create a
complete plan. So let me ask you a couple of questions, like,
how do you feel about higher taxes? How does that
make you feel? You know? Does inflation affect you? Are
you paying more and earning less?
Speaker 4 (36:09):
You know?
Speaker 3 (36:09):
How does that make you feel when that happens? What
are you doing about it to make it better? You know?
Do you think that it was possible before we met
that you had these questions answered? And many people think
they do, but they really don't. Because when we look
at your taxes, guess what, you might be paying more
tax than you really need to. You could be getting
more income and pay less tax. Is that what you
(36:32):
would want, Well, we can help you. Let's have a
discussion and get deeper understanding and move the conversation in
the right direction to help you and to guide you
and to make sure that you have the clarity and
confidence that you need in retirement.
Speaker 2 (36:43):
The more we understand you, the more we can develop
a complete plan. So two things are true. As a
financial professional, I want to help you achieve your financial
goals and create a complete plan. Again Chris mentioned as
a fiduciary, want to do the best thing for you.
So sometimes I need to ask you to take our action.
And here's what happens. When people come in. Are you
shopping or do you want to buy? And when it
(37:06):
gets to the end of the presentation or the question,
we ask you what do we do from here? And
it's a question that you have to tell us what
to do at that point. And that's certainly nothing to
apologize for. It's the right approach and it makes all
the difference in the world. And so many times, Chris,
we've heard people say because she said, because he said, no,
this is your money. So let's put this another way,
(37:28):
action versus inaction. When you leave today, you're going to
be making one of two decisions. You can make the
decision of inaction and do nothing, and many people do
that because you're comfortable with what your strategy is right
now and nothing we discussed has brought up any concerns
for you and that's okay. Or you could make the
decision of action because there are some concerns that you
(37:50):
want to address and you want to make some changes
to your plan. What do you feel is the right
decision today? And as you can see, we do not
mention anything about buying X product or going with strategy WI.
The decision making becomes more about your concerns being addressed
than the financial instruments being used. Eight three to three
(38:11):
Magi Tax. Watch your TV show every Sunday on ABC
TV at ten thirty. Go to our website Maggie Tax
dot com. Fill out the retirement calculator, look for the
seminars and register for our seminars every month. Scheduled deployment
today to meet with Chris and I. Eight three to
three Magi Tax. Let's have a conversation and go over
your concerns. Eight three to three Magi Tax. Get the
(38:33):
Maggie Plan, Tax Planning, Income planning, investment planning, insurance planning
and estate planning. Eight three to three Magi Tex.
Speaker 1 (38:43):
You've been listening to the Maggie Tax and Financial Hour
discussing tax planning investment strategy is presented by Robert and
Chris Maggie from Maggie Tax Advisory and Financial Services with
offices in Hillsboro and Panelas County. Visit Maggi tax dot
com or call eight one three three two two twenty
five twenty. That's eight one three three two two twenty
(39:05):
five twenty and tune in next Saturday at five for
the Maggie Tax and Financial Hour
All these years you've saved up planning for 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
in tax savings, income planning, and investment opportunities, Robert and
(00:22):
Chris share advice and tax planning strategies designed to protect
your retirement nest egg from Uncle Sam. Your questions and
comments are welcome during today's program by calling eight one
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty, or visit Maggie
Tax dot com. That's Maggi tax dot com and now
(00:46):
your host for the Maggie Tax Financial Hour on nine
seventy WFLA. Robert and Chris Maggie.
Speaker 2 (00:52):
Welcome everyone, and thanks for joining us today. My name
is Robert Maggie, and you're listening to the Maggie Tax
and Financial Show. And I'm here with my son, Chris Magi,
and today we're going to be talking about a lot
of topics that we'll concern all of you that maybe
you don't understand. So when you hear what we talk about,
if you have questions, pick up the phone, give us
a call eight three to three Maggie Tax. Be sure
(01:13):
to visit our website Maggie Tax dot com and we're
going to be talking about it as we always have.
Go to the retirement Calculator on the top right and
click in that site there and fill in your information
and in thirty seconds will show you what your tax
liability is going to be. So, Chris, we have a
lot to talk about. We're going to talk about tax
risk and legislative risk. So let's get started.
Speaker 3 (01:33):
Well, let's just say so welcome everyone, Thank you so
much for listening to our show today. There's so much
to cover, and let me talk about what my dad
was mentioning before. When you go to our website, the RTB,
the Retirement tax Bomb, if you have an IRA A
four to one K, you have to stop and you
have to understand what's going on because that is a
huge tax liabilitate you're going to pay in the future,
(01:54):
and many people just keep deferring taxes and put money
away in the form one KS and iras well. Maybe
that could be bucket that year used to having, which
is fine because you get a nice tax deduction. But
think about creating other buckets that are tax free because
as things change in this country, taxes are going to
go up. And that's what we're talking about today, tax
risk and legislative risk. So what the heck is the difference?
Speaker 2 (02:17):
Well, as things stay hot in Washington, and they have
been and they always will be. I'm getting asked this
question more and more, Chris, and I see clients every day.
But both are intertwined risk that can dramatically impact us
savers like you, like all of us, and both are
risk on most savers are underprepared to address. So let's
talk about the first one, because this is the biggest
one tax risk. Tax risk is the risk that a
(02:40):
person's taxes are going to be higher in retirement than planned.
And Chris, most of the people that we see don't
see that because they're not ready to retire or they
have like you just talked about with the retirement calculator. Yeah,
they're going to defer it. They don't have to take
it out till seventy three. Now, no problem. But that's
the window that you have to do the tax strategy
you're talking about bucket planning and reduce the tax risk absolutely,
(03:01):
and those are the strategies that we can use and
we do it each and every day.
Speaker 3 (03:03):
But the misconception is that many people think, well, I'll
be in a lower tax bracket when I retire, And
maybe that might be the case, but we see is
a lot of times it's not. And as taxes increase
and people take more out of qualified accounts like iras
and form and case, it's creating tax on solid security.
It can be up to eighty five percent tax on
(03:24):
solid security, and that's where tax rates are going to
increase and you're going to pay more in tax. So
that's where many people think, well, I'm just sixty five,
I'm gonna pay less in tax. It has nothing to
do with your age. It has to do with the
income and the sources of income that you're putting on
your tax return that's generating the tax.
Speaker 2 (03:41):
And that's a great point you make there because a
lot of people don't see that. And then the other
side of it is when you start transferring money from
a taxable account and you pay the taxes. Now, it
could if you're over sixty five, or if you're on Medicare,
it could affect the arm attax on your Part B, which.
Speaker 4 (03:57):
Is the Medicare tax that you pay for Part B
premium for.
Speaker 2 (04:01):
People don't see that, Chris, it's ridiculous. So what does
that mean? It means more of a retirees income is
going to the IRS as taxes and less of the
income is staying with the retiree like you to spend
on living expenses because think about this, you should be
putting a budget together, Chris, and I always ask you,
know you when you come in, what's your budget because
(04:21):
a lot of people don't know what they're spending, and
you know it's not good if you spend more than
you make. And to prove this, visit Maggie tax dot
com and on the top right you're going to click
on the retirement calculator. Just fill in the information and
in thirty seconds we'll send you what the retirement tax
bill will look like. Even if you do it. I
know people play with it and they give us different numbers,
(04:42):
but it's the tax bracket that you have to look at.
Depending on how much you have, you're going to pay
more to Uncle Sam than you're going.
Speaker 3 (04:49):
To get and that's where you don't want to and
that's why you have to control of the tax risk.
And many people talk about investments. Yeah, we do investments.
We can put together a plan for you. There's a
lot of things we do, but taxes are our biggest
exp and it's going to be the same thing for you.
So think of the phone, schedule time to meet with us.
There's so much to talk about. We're talking about tax
risks today, we're talking about legislative risk today. But also
(05:09):
it's going to affect your investments. So what about your investments?
You know markets a hi markets have been doing well.
What are you doing when it goes the other way?
Where's your protection? Where's your tax protection as well? So
pick up the phone, schedule time to meet with us.
We have office on both sides of the bay. A
three to three Maggie tax that's eight three three maggie tax.
Speaker 2 (05:29):
So in short, tax risk measures the level of taxation
you a saver experience in retirement. And unless you sit
down with a tax person like us who does tax planning,
advanced tax planning, you're not going to know. You're not
going to know until you file that tax return. So
we're talking about your ire, your four H three B
or your TSP plan. It's a tax time bomb. And
(05:50):
people come in and they laugh and they go, I
didn't know that it was a tax time bomb. Well
it is, and it's going to be worse as time
passes by. So check it out and see what we mean.
We're about to see tax risk in action. In twenty
twenty five, several provisions from the twenty seventeen tax will expire.
This includes that reduction in individual income tax brackets. And
(06:11):
if you want a copy of the tax brackets, send
me an email or call me and I'll send it
to you to prove my point, because when we do seminars,
we give this out and it's going to change, meaning
that your tax bracket's going to go up three percent
and you're going to be paying more in taxes. And
I'm telling you, people just hear it, and they hear
it and they don't do anything about it. And it's
like when you open up the door and there's a
big win come and you're going to get hit with it.
(06:32):
So let's try to avoid that now.
Speaker 4 (06:34):
Well, that's just said.
Speaker 3 (06:35):
So when as you listen to our show today, you
know we're talking about taxes, and many people say, I'll
just deal with it during tax season, but it's not
the way to go about this. Taxes are our biggest
expense and they're going to get worse, especially if you're
a savior. So if you have iras and forming case,
we need to start doing bucket planning. What do I
mean by bucket planning? We need to position accounts that
(06:55):
are a taxable in the non taxable account accounts. We
talk about the level of risk that you taken with
your money. Do you need an income plan? Well, we
can develop an income plan where you can have investment
safety and preservation, also investment growth, and also make sure
that the money that you receive is income tax free.
Speaker 4 (07:13):
So think about this.
Speaker 3 (07:13):
Would you rather be in an environment where you're going
to get taxed on everything you take out or would
you rather be in an environment where it's tax free.
It's never taxed anymore. And you can develop these buckets
if you meet with the right advisors. So pick up
the phone, schedule time to meet with us. Eight three
to three MAGI tax that's eight three to three Magi
Tax and.
Speaker 2 (07:32):
A simple word, as we call it, strategic planning. You
don't want to just put everything in one bucket. You
want it strategically spread it out. So, like Chris is
talking about, you have a plan, you have a complete plan.
And I might insult some people here by saying you
have an incomplete plan, because you do. Because if you
don't have a tax plan or an income plan, you
have an incomplete plan. So do something about it. Give
(07:54):
us a call eight three to three Magi Tax, and
don't forget our website, Maggie tax dot com.
Speaker 3 (07:59):
Yeah, I want to talk about other advisors, maybe your
advisor right now, they're they're managing your money and the
market's up, so everyone's winning, right.
Speaker 4 (08:05):
But get this, that's an incomplete plan.
Speaker 3 (08:07):
Because if you're not talking about taxes and your advisor's
not showing you ways to reduce it or create an
income stream for you where you never outlive your money,
then you have an incomplete plan. And we're talking about
also a state planning as well. Many people out there
don't have a will or a trust, or or documents
or proper beneficiary designation to make sure that everything stays
in the family. You have an incomplete plan. At Maggie
(08:29):
Tax Advisor in financial group, we do complete planning. It's
holistic planning. We take a tax approach to help you
reduce your tax. We deal with investments. We can do
bucket planning and manage the money and risk. We could
talk about income planning, we could talk about safety and
guaranteed retirement buckets. We could talk about an estate planning
or maximizing your social Security benefits. So what's on your
(08:50):
mind as you listen today, think about the questions you're
having and we can meet with you. So let's get together,
have a conversation, and let's put together a plan for you.
That's what we call the Maggi Plan. Income planning, tax planning,
investment planning, state planning, social security planning. That's what we
call the Maggi Plan. So visit our website at Maggie
tax dot com. Write this number down eight three to
(09:11):
three Maggie Tax Schedule and appointment today. Let's get together
before it's too late. Where you're subject to one hundred
percent tax on your retirement, which again we call it
a question mark tax rate. In the future, you don't
want to be there where Uncle Sam controls the taxes
you pay. I'd rather pay the tax is now on
some of the money to make sure that I'm incomplete control.
Speaker 4 (09:34):
A three to three Maggie Tax.
Speaker 2 (09:35):
Well, let me kind of make another comment here. We
do seminars two a month. We do them at libraries,
and they're on wills and trusts. And the point is
that many people that come and we talk about wills
and trust we talk about probate, We talk about how
to take your home out of probate because many people
don't have certain documents that would avoid probate. And I
(09:56):
can go into that more, but I would suggest to
go to my website, Maggie Tax dot com. Click on
the top where it says seminars. It's open for registration now,
and I encourage all of you to come in because
if you don't have a will or a trust or
the documents the powers of attorney what we're talking about
and we're going to get into more detail, this seminar
is for you. So give us a call eight three
to three, Maggie Tax, and don't forget. Every Sunday at
(10:17):
ten thirty on ABC TV, tune into the Maggie Tax
and Financial Show, Chris and I talk about a lot
of situations there that pertain to you. And by the way,
it's not selling, it's educating because you have to understand
the language what Chris and I are talking about today.
I know most of you might be confused, but we
can help you with that. Eight three three Maggie Tax.
Visit our website Maggie Tax dot com and get the
(10:40):
Maggie Plan. It's simple and easy to understand. It's a
tax plan, it's an income plan, it's an investment plan,
and it's a legacy plan. Eight three to three Maggie
Tax and visit our website Maggie Tax dot com. You're
listening to the Maggie Tax and Financial Show. Eight three
to 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 gg I tax dot com or call eight
(11:19):
one three three two two twenty five twenty that's eight
one three three two two twenty five twenty now your
host for the Maggie Tax and Financial Hour. Father and
son from Maggie Tax Advisory and Financial Group, Robert and
Chris Maggie.
Speaker 3 (11:35):
Welcome back to the Maggie Tax and Financial Show, and
thank you for tuning in. I'm Chris Maggie and I'm
here at my dad and coast of the show, Robert Maggie,
and visit our website at Maggie Tax dot com. There's
so much information right there at your fingertips. We're talking
about seminars to get educated. Three in one seminar, learn
about your tax bill. If you have an IRA Form
one K, it's a it's a tax time bomb about
(11:56):
to explode with taxes. How do you defuse that time bomb?
We can help you. Visit our website at magatax dot com.
Schedule time to meet with us. Let's get together. We
have office on both sides of the bay. Let's review
your investments. Let's put together an income plan. Let's show
you what you can do, put together a complete plan
for you and your family. So one of the things
we're talking about today, because we're talking about the seminars
(12:19):
that we do, we discussed the enhanced plan and the
estate planning. What about Social Security? And there's four things
to understand before making decisions about your Social Security benefits.
So Dad, let's start with number one. It all starts
when you pay in correct exactly.
Speaker 2 (12:34):
So each paycheck that you receive from your employer is
subject to Social Security tax that amounts to about twelve
point four percent of your salary, but split evenly at
six point two percent for you and six point two
percent for your employer. So you pay that amount on
everything you earn up to a certain amount of this
one be one hundred and forty seven thousand, and each
(12:54):
one five hundred and ten dollars that you earned provides
you with one Social Security credit, up to four credits
per year, and once you've collected forty credits, you are
eligible to receive benefits. And this, Chris, is the biggest
question we get. Do they have enough credits? How do
they establish the credits? And if I don't have enough credits,
what do I do that' said?
Speaker 3 (13:14):
So most people, if you work ten years and you
work throughout the whole year, you get four credits a year,
that's forty quarters. You're good to go. But a lot
of people we meet with sometimes they're short. Sometimes they
have thirty eight credits, they just don't qualify for the benefit.
So it all starts when you pay in. So the
second thing that's really important if you do understand about
making Social Security decisions, that you increase your benefit as
(13:35):
you earn more.
Speaker 4 (13:36):
So let's talk about that.
Speaker 2 (13:37):
Sure, well, you may be eligible to receive Social Security
benefits after working as few as ten years. The amount
you receive is calculated over a greater time period, So
your benefit amount is based on your highest thirty five
years of earnings. If you've worked fewer than thirty five years,
the missing years are counted at zero. Again, Chris, we
run a Social Security Maximization report that clears all this up,
(14:00):
and when we do the seminar, the second segment is
the Social Security I can't tell you how many questions
we get on this. It's just so confusing to a
lot of people.
Speaker 3 (14:07):
Absolutely, and that's why it's so important to make sure
that you go to SSA dot gov and look to
see if your earnings are calculated correctly. But a quick example,
my mom, my mom here, what she did was look
at our social Security statement and one year there was
zero on her earnings record. They didn't calculate it. So
all we had to do we notified Solid Security Administration.
(14:27):
We showed her the W two and guess what they
changed that real quick. So if that happens to you,
don't be alarmed to pick up the phone, schedule time
to meet with us. Let's go over call Social Security,
but also making sure that you have everything credited and
your earnings are there. So talking about Social Security and
number three, the things that you need to understand is
that the earliest you can receive benefits is age sixty two.
Speaker 4 (14:50):
So let's elaborate on that for a little bit.
Speaker 2 (14:51):
Correct, So you may begin to receive early benefits from
security age sixty two. That's a few years before what
the Social Security Administration calls your full retirement age or FRO.
Full retirement age or FRA is the age at which
you can receive one hundred percent of your primary insurance amount.
And this is important because when we do tax planning
(15:13):
and we do taxes, it depends on the biggest question
we get, when should I take it? Well, you can
take it at sixty two if you definitely need it,
but there's a couple of variables in there that if
you're working, Chris, and you're making more than a certain amount,
you don't need to be taking soil security. I guess
the biggest concern most people have that it's not going
to be there. So each month that you delay receiving
your Social Security benefit, the amount that you're going to
(15:35):
receive increases. Retire at sixty two and you may only
receive seventy five percent of your primary insurance amount. Retire
it your full retirement age and you're going to receive
one hundred percent of your FRA. So wait even longer
and you may receive an additional eight percent each year
up to age seventy. So what happens is from sixty
two to sixty six it grows at six point two percent,
(15:57):
and sixty six to seventy it grows at eight percent.
And Chris, many times when we show this to clients,
they don't really understand, Wow, maybe I can wait, and
this is how come it's growing?
Speaker 3 (16:06):
So when's the best time to take it? Every situation
is different. There's no one age for everybody that's the
best option for them. So what you need to do
is meet with the right advisor bringing your Social Security statement.
Let's analyze it. Let's do the maximization report for you
and your spouse so we can show you when's the
best time to take the benefit. And we also will
(16:27):
show you how much you're going to get per month.
And this is part of the income plan. This is
part of the incomplaining that we do, and it correlates
with your investment plan and your tax plan and your
overall enhanced plan. So that's why it's so important to
meet with us. Let's go over social Security. Let's explain it,
and let's answer those questions that you have. So we're
talking about here today what you need to do to
(16:48):
understand your benefits about Social Security, and number four is
find your when we talk about this all the time,
but find your win.
Speaker 2 (16:56):
Elaborate on that for me day exactly. And this is
one of the most challenging questions. That is when to
start receiving your Social Security benefit? Should you start collecting
at sixty two, wait until seventy, or choose somewhere in
the middle because you can if you're age sixty two
or older. The first question you should ask yourself is
if you need the money and if you do need
solid security income to meet your expenses. In retirement, you'll
(17:18):
need to take your Social Security income or consider other options.
If you don't need the money, it might make sense
to consider delaying your benefits to let your future payment
increase until you reach one dred percent of your PIA
and Chris, many times that we meet with clients, their
advisors are not talking about this. They're not addressing as
state taxes, they're not talking about Social Security because they
(17:39):
don't understand it. So you have to understand how it
works and how it's going to benefit you. That's why
the seminar, the three and one seminar that we put together,
is so important. Go to Maggie tax dot com. Registered today,
You're invited. It's simple, and there's the locations are right
there in the times.
Speaker 3 (17:54):
And if you can't visit our seminar, then no problem.
Just pick up the phone, schedule time to meet with
us and visually we have office on both sides of
the Bay. Schedule appointment to meet with us. So we
talked about four different things that you need to understand
about social security, but also there's benefits for spouses and
x spouses and widows and widowers, so there's so much
there education about social security They should have a whole
(18:18):
class on this because many people have no idea how
it starts. What the benefits are this cost of living adjustments?
How is that based off of? My gosh, you know
what happens if someone passes away, who gets the higher
of the two? Usually it's a spouse that's living gets
the higher of the two. But many people don't understand that.
So spousal benefits, death benefits your benefits. There's a lot
(18:40):
to discover, and there's also it's important to understand. This
is very crucial to understanding your retirement income needs. So
pick up the phone, schedule time to meet with us.
Eight three three Magi tacks. That's a three to three
mag Attacks and don't forget. Every Sunday on ABC TV,
tune in on ABC TV at ten thirty for the
Magi Tax and Financial Show three to three Maggie Tax.
Speaker 1 (19:03):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host father and son Robert and Chris.
Speaker 4 (19:13):
Maggie.
Speaker 1 (19:13):
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 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
(19:37):
Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 3 (19:41):
Welcome back to the Megie Tax and Financial Show, and
thank you so much for tuning in and visit our
website at Maggie tax dot com. In thirty seconds, you
can find out what your tax bill would be in retirement.
If you have an IRA Form one K, you need
to understand what this number is why, because it can't
affect your retirement future your income. Maggietax dot com up
(20:02):
a right hand corner tax bill in retirement, Click on
it and you can discover what that will be. But
more importantly, schedule time than met with us. There's so
much information to talk about. If you have questions about
how do I design an income plan for my retirement
where it has inflation built in and multiple income sources
and guaranteed income, how do I go about doing that?
Speaker 4 (20:23):
We can help.
Speaker 3 (20:24):
What if you're looking for an investment plan? A lot
of volatility going on in the market. Does it really
keep you up at night? Are you losing sleep? Do
you have questions? Do you really not know what's going
on and you're afraid to open up your statements. Well,
let's ged it together and have a conversation about it,
because there might be some bucket planning that we could
put together to design for safety and growth and inflation
(20:46):
and a lot of other opportunities that are in the
market today. What about social security planning? Do you have
questions about how do I maximize it for me and
my spouse? What about a state planning? I want to
leave all this stuff to my heirs. I just don't
know how to do it. Is everything set up the
right way? Well, we can help these things that we
do each and every day to help you. So pick
up the phone, schedule time to meet with us. We
(21:07):
look forward to get in together with you. Eight three
to three, Maggie tax.
Speaker 2 (21:11):
So the question I would ask is how many of
you have a complete plan or an incomplete plan? And
what Chris just mentioned are some of the things that
we see that people have an incomplete plan? So what
are you doing about it? You know what keeps you
up at night? What's that elephant in the room. Is
it about income? Is it about taxes? Is it about
your investments? We know the volatility of the market is there,
(21:34):
but how are you prepared to take less risk and
keep more for yourself? And has anyone ever done a
beneficiary review for you? Quick example, We've had a client,
a couple clients this past year. They passed away and
they had beneficiary designations on there. They had POD and
TOD on their accounts and Chris, the money passed to
their beneficiaries probate free and it didn't have to go
(21:58):
through that process. People make mistakes about estate planning, let's
call it enhanced planning. Do you have the list of
who you want your assets to go to and when
it should go to them and how much it should
go to them? Are you set up that way so
you know if you have an incomplete plan? Think about
(22:18):
what Chris and I are talking about. If it's about income,
it's about taxes. You confuse about your investments. You don't
understand them. We see this every day. We ask a client,
bring in your statement, We ask them do they understand
their investments? And Chris, the answer that we get all
the time is, well, not.
Speaker 3 (22:35):
Really that is just not a good answer, and it's
not because you work hard. You worked hard for the money,
you have, the assets that you have, and the worst
thing you want to do is either I have to
go back to work or be outlive your money. And
most people that come in and meet with us, we
ask them, you know what brought you in and the
main question and the answer is I want to make
sure I don't outlive my money and is that going
(22:56):
to happen? And we have to do the analysis to
figure it out, and sometimes we have to tell people yes,
at this pace and with the assets that you have,
you will outlive your money. And that's where it's very,
very scary. So can you retire? We can show you
we can. We can show you the projections, we can
show you what the guarantees are going to be. We
can show you that if you have a concrete plan
(23:18):
or a complete plan, then you'll enjoy retirement. You'll have
the inflation buckets coming in for income in the future,
you'll have the estate plan so if anything happens to
you a stay in your family. That's what we call
developing a plan, because if you don't have a plan,
guess what you know what someone who you don't know
will make that plan for you in the future because
you didn't set it up the right way.
Speaker 2 (23:40):
So check the boxes off. Do you have a tax
plan yes or no? Do you have an income plan
yes or no? Do you have an investment plan or
just laying that money right in the market. Do you
have an estate plan or an enhanced plan? What about
college planning for the children? Are you aware if you
have a mutual fund you're paying fees? How many fees
are you paying? The question is do you know what
(24:01):
your fees are paying? Because if you're paying fees, it's
eating aweight your retirement. So without a plan, like Chris says,
you have nothing. So everything we do, we have to
have a plan. What are you looking for in an
advisor that you would be willing to work with. We
just mentioned a bunch of topics that we would talk
to you about because we see this all the time. Well,
(24:22):
my advisor doesn't talk about tax planning. Chris or Bobby,
you know this is and when we ask him what
were you hoping for when you came in, And the
answer we get all the time is wow, not this.
Speaker 3 (24:33):
Well, you know the thing about it is when you
talk about. We asked that question, is your current advisor
talking about tax planning? And most of the time, probably
ninety five percent of the time, it's no. And the
question that I have is why. I mean, that's your
biggest expense. Taxes are our biggest expense, and it's going
to get worse. So think about this, your cruising the retirement.
Everything's going well, and guess what legislative risk happens? And
(24:55):
the tax code changes and guess what less to because
now you have to pay more to Uncle Sam, so
that income check every month goes down. And what about
inflation that's happening right now on top of it. So
you're in a situation where you have to change your
lifestyle in retirement. Is that what you want? The answer
is no. But could it happen to you? Yes, And
(25:19):
if you don't have the right plan in place, like
an income plant, a tax plan, investment plan, then yes,
it could happen. And that's what you don't want. So
right now is a time, more than ever before, to
pick up the phone and schedule a time get a
second opinion. Do you have enough confidence in your current advisor?
Get a second opinion? Because it's about you. It's about
(25:39):
your money. It's not about me or your CPA or
your current advisor. It's not about that. It's about what
you want your money to do for you. Do you
want safe money, we can help. Do you want money
in the market where it's risky. We can design buckets
like that as well. But guess what. You have to
have a purpose with everything you do. Why Because that's
(25:59):
a plan.
Speaker 4 (26:00):
We all hear.
Speaker 3 (26:00):
Yeah, you need to have a plan in life. We
all get that. But the end of the day is
do you have a plan with your retirement? Take control
of this and we can help eight three three Maggie Tax.
Speaker 2 (26:09):
So the biggest question for all of you listening today,
how can we at Maggie Tax and Financial help you.
That's the question. So when you come in, I want
to know the answer. How can we help you? You
know what upsets you every night when you put your
head on that pillow and your mind starts racing about
what you're worried about because you can't control it. You know,
what are you looking to change? And this is the
(26:31):
big question, Chris. Change has to happen in many cases
with people out there because they don't understand their investments
they don't understand income planning. Their advice is not sitting
down and talking to them. So what would you change?
Think about that? What would you change if you were
educated on what you have that maybe it's not the
(26:51):
right investment for you, maybe it's not the right plan
for you. When would you change it? And like I said,
what's the elephant in the room?
Speaker 3 (26:59):
And that's just it. You know, is your plan, your
present plan, going to get you where you want to go?
Do you know unequivocally? If that the answer is yes,
If you are thinking about it, well I'm really sure
or I don't really know, then you have to get
a second opinion. You have to look at this. You
have to have someone look at this for you so
you can have that Yeah, absolutely, I know absolutely my
(27:21):
plan is going to give me what I want in
retirement and is doing it right now. That's what you want,
the confidence, the clarity, the control, and that's what we
can help you with. So pick up the phone, schedule
time to meet with us. We look phwoto meeting with you.
We have office on both sides of the bay to
help you. A three to three Maggie tax that's eight
three to three Maggie Tax.
Speaker 2 (27:39):
And here's the big question. Do you all do this
planning on your own? Think about this. The left brain
in you is the more to think about it. The
right brain is the solution side of your brain. We
have both sides working for us, Chris, the left and
the right. Because you're confused, you have to draw a
line in the sand. I can't understand planning, you know.
(28:00):
I think I'm okay, but I'm not. And most people
buy what they want, not what they need. And that's
the issue that we try to talk about. What do
you want? You know? What are your needs? How much
income do you want? You know? Does your advisor have
a process, Maggie tax advisor, We have a process. We
come in and you come in and meet with us.
We ask you questions, you ask us questions. We do
(28:23):
a balance sheet, so we know where your assets are.
We know what the qualified money is non qualified money.
We know where your bank accounts are if they're titled right.
Does your advisor do all this? We call it red money,
green money, and on my website you can take a
look at it. But look, if you're taking too much
risk and you don't know it, folks, you know Chris
does this all the time. When are you going to
(28:43):
realize that you don't have to take all that risk,
You don't have to pay all those fees, and you
don't have to see your account go down because your
advisor says, well, everybody else is losing. No, it's not true, Chris,
that's not true.
Speaker 4 (28:56):
That's just it. You know, why file the crowd.
Speaker 3 (28:58):
We don't have to just because your advisor says everyone
else has lost money. But where is it written that
you have to lose thirty forty percent? Where is it
written that you have to go down that route. I'm
frustrated because you don't have to. I have clients that
come in and they're like, well, you know, it is
what it is. We lost three hundred thousand dollars with
our old advisor. Why doesn't have to be that way?
(29:20):
You know, maybe you're younger and you got time on
your side and you can absorb some of these losses.
But guess what, you're in retirement. Why go down to
three four, five hundred thousand dollars?
Speaker 4 (29:30):
Why?
Speaker 3 (29:31):
You know that's up to you, but you don't have to.
You know, where is it written that you have to
lose twenty thirty forty percent like everybody else, it's not there.
You don't have to go down that route if you
don't want to, So pick up the phone, schedule a
time to meet with us. Let's show you bucket planning.
Let's put together a plan for you. Buckets. What are
buckets buckets with a purpose. You have buckets for safety.
(29:52):
You have buckets for inflation. You have buckets for future
guaranteed income. You have buckets for the volatility control. You
have buckets to take it advantage of the opportunity in
the market's down. You have buckets to take advantage when
the market goes down. You have buckets out there to
provide buffer and strategies to protection against no loss in
the market. How do you go about doing these things?
Because every account needs to have a purpose based on
(30:14):
what you are looking for? What is it that you want?
That's the question. When you come in, we're going to
ask you that question. We're going to listen to you,
we're going to hear you. We're going to make this
very very real for you to try to accomplish what
you are looking for. We're going to educate you, We're
going to take our time, We're going to build the confidence,
build the clarity, and you're going to have the control
in retirement. If that's what you want, you can pick
(30:36):
up the phone and schedule time to meet with us.
We look forward at meeting with you. Why because this
is real. Things are changing and you need to be
on the other side to take advantage of these opportunities
as opposed to falling victim to them.
Speaker 4 (30:49):
So pick up the phone. We look forward to meeting
with you.
Speaker 3 (30:51):
Eight three three Magi tacks and don't forget every Sunday
for the mag Attacks and Financial Show on tv ABC
TV at ten thirty and visit our website Maggie Tax
dot com. Schedule time to meet with us eight three
three Maggie Tax.
Speaker 1 (31:08):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host father and son Robert and Chris.
Speaker 4 (31:18):
Maggie.
Speaker 1 (31:18):
For additional information on how you can create a tax
free retirement, visit Maggie Tax dot com. That's m a
gg I tax dot com or call eight one 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
(31:41):
Maggie Tax Advisory in Financial Group, Robert and Chris Maggie.
Speaker 2 (31:45):
Welcome everyone. You're listening to the Maggie Tax and Financial Show.
My name is Robert Maggie. I'm here with my son Chris,
and pick up the phone. Give us a call eight
three to three Maggie Tax. Tell him it's urgent. Let's
make an appointment, whether it be taxes, income planning, investment planning,
a planning, anything, Let's talk about it. Let's have a conversation.
And again we talked about it before. The most successful
appointments that we have are with clients who listen, and
(32:09):
by the way, we listen, who understand the language and
have good questions, Chris, because you mentioned it before, what
about someone? And we always get this when we get
we do a show, we get a call on Monday,
we get a call today. My parents passed away and
they have money. I don't know how to get it.
They're confused and they have no direction at all, and
(32:29):
it's because they don't understand the language. And we do
not push you to a solution. We lead you in
the direction that you want to go. That is very
important because when you become a transactional advisor, you're selling.
When you become a complete advisor, you're asking questions and
you are asking questions why because it's your money and
it's simple, it's your life.
Speaker 4 (32:50):
And that's what we do.
Speaker 3 (32:51):
And our goal is to help you discover the gaps
and your plan without accusing you of making bad decisions.
What's done is done, and that's okay, But now what
do you do moving forward?
Speaker 4 (33:00):
Forward?
Speaker 3 (33:00):
In a framework that's been effected across the board is
complete versus incomplete language, and we do complete planning, and
it's okay right now if you have an incomplete plan,
we can complete it because we'll show you how to
have an income plan, a tax plan, and investment plan
and also in a state plan. And I really can't
say that you're doing anything wrong with your finances, but
based on what you have told me, it's important that
(33:22):
you move on going forward that there are some areas
that we could make complete because right now it's incomplete.
So it's entirely different process. When you come to meet
with us, we plan out your future. We can show
you based on your goals and the risk what you
want to complete and we can make that happen. We
(33:42):
had a girl that came in last week. She said,
just lay it out for me, tell me what exactly
you need to do, so I could retire in five
years from now where I don't have to worry about
outliving my money, where I don't have to worry about
paying more in taxes, where I don't have to worry
about if anything passes, if I pass away, that my
kids are not going to go through the probate process.
I don't want to have to worry about that, So
can you help me? And that's what she asked me
(34:03):
to do, and we did. We put together a plan
for her and by the time it was done, she said,
oh my gosh, now I have a plan, I have clarity,
I have confidence, and she's willing to move forward for
the next five years of working and after that she's done.
She has everything in place. So and that was just
a relief for her. And that's why it could be
a relief for you. If you pick up the phone,
schedule time to meet with us. Because there's things on
(34:24):
your mind. Let's address those. If you have an incomplete plan,
let's make it a complete plan. Eight three to three
Maggie Tax.
Speaker 2 (34:31):
Yeah, don't be embarrassed. You know, if we tell you
have an incomplete plan, nothing's wrong with that. We just
got to fix it. So once you see what a
complete plan is compared to your incomplete plan, Chris and
I are confident that you're going to understand and start
to make some changes. And many of you listening today
that are our clients that have met with us, understand
what we're talking about because we walk you through it.
(34:52):
And I'm confident that you're going to understand and start
to make some changes because you want to make changes
that are good. You don't want to make changes just
because someone tells you to do it and it turns
out to be bad. We don't want that. So give
us a call eight three to three, Maggie Tax. And
when you call again, we've been saying this throughout today's show.
Make sure you say it's urgent. It's urgent, no matter
(35:13):
what you want us to do, tax is, income planning,
tax planning, anything, just say it's urgent, pick up the phone,
come in and meet with us. Eight three to three,
Maggie Tax.
Speaker 3 (35:23):
So that's why it's so important to get together with us,
because you know, hey, it's your money, right, it's not ours,
but we can help you and we can lead you
in the right direction.
Speaker 4 (35:31):
So eight three to three Magie tax. So we have
a question, you know, for everyone.
Speaker 3 (35:35):
You know, when a witness is on the stand in
a court of law, the lary's lawyer speaking to him
does not have to have the liberty of making statements.
They almost exclusively just ask questions about the facts of
the case.
Speaker 4 (35:46):
Right.
Speaker 3 (35:47):
So in the same way what we do here, We
always ask you questions, and the more information we get
from you, that answer is so important to create a
complete plan. So let me ask you a couple of questions, like,
how do you feel about higher taxes? How does that
make you feel? You know? Does inflation affect you? Are
you paying more and earning less?
Speaker 4 (36:09):
You know?
Speaker 3 (36:09):
How does that make you feel when that happens? What
are you doing about it to make it better? You know?
Do you think that it was possible before we met
that you had these questions answered? And many people think
they do, but they really don't. Because when we look
at your taxes, guess what, you might be paying more
tax than you really need to. You could be getting
more income and pay less tax. Is that what you
(36:32):
would want, Well, we can help you. Let's have a
discussion and get deeper understanding and move the conversation in
the right direction to help you and to guide you
and to make sure that you have the clarity and
confidence that you need in retirement.
Speaker 2 (36:43):
The more we understand you, the more we can develop
a complete plan. So two things are true. As a
financial professional, I want to help you achieve your financial
goals and create a complete plan. Again Chris mentioned as
a fiduciary, want to do the best thing for you.
So sometimes I need to ask you to take our action.
And here's what happens. When people come in. Are you
shopping or do you want to buy? And when it
(37:06):
gets to the end of the presentation or the question,
we ask you what do we do from here? And
it's a question that you have to tell us what
to do at that point. And that's certainly nothing to
apologize for. It's the right approach and it makes all
the difference in the world. And so many times, Chris,
we've heard people say because she said, because he said, no,
this is your money. So let's put this another way,
(37:28):
action versus inaction. When you leave today, you're going to
be making one of two decisions. You can make the
decision of inaction and do nothing, and many people do
that because you're comfortable with what your strategy is right
now and nothing we discussed has brought up any concerns
for you and that's okay. Or you could make the
decision of action because there are some concerns that you
(37:50):
want to address and you want to make some changes
to your plan. What do you feel is the right
decision today? And as you can see, we do not
mention anything about buying X product or going with strategy WI.
The decision making becomes more about your concerns being addressed
than the financial instruments being used. Eight three to three
(38:11):
Magi Tax. Watch your TV show every Sunday on ABC
TV at ten thirty. Go to our website Maggie Tax
dot com. Fill out the retirement calculator, look for the
seminars and register for our seminars every month. Scheduled deployment
today to meet with Chris and I. Eight three to
three Magi Tax. Let's have a conversation and go over
your concerns. Eight three to three Magi Tax. Get the
(38:33):
Maggie Plan, Tax Planning, Income planning, investment planning, insurance planning
and estate planning. Eight three to three Magi Tex.
Speaker 1 (38:43):
You've been listening to the Maggie Tax and Financial Hour
discussing tax planning investment strategy is presented by Robert and
Chris Maggie from Maggie Tax Advisory and Financial Services with
offices in Hillsboro and Panelas County. Visit Maggi tax dot
com or call eight one three three two two twenty
five twenty. That's eight one three three two two twenty
(39:05):
five twenty and tune in next Saturday at five for
the Maggie Tax and Financial Hour
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