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 I'm here with Chris Maggie. You're
listening to the Maggie Tax and Financial Show. Be sure
to visit our website. Maggie Tax dot com. You have
a lot of information there. Register for one of our
three and one seminars coming up. The dates and times
are there, so just click on it and register. And also,
if you have a retirement account and you want to
(01:13):
know what your tax bill is going to be, check
out the retirement calculator, fill in the information and in
thirty seconds we'll show you what your retirement tax bill
is going to be.
Speaker 3 (01:21):
So we have a lot to talk about today.
Speaker 2 (01:24):
The seminars are going really well, so you need to
get involved in that. We talk about estate planning, social security,
and taxes, and we've helped a lot of people understand
the language and make a decision on what they need
to do. But for over thirty years I have been
sharing retirement strategies and concepts that work. I've explained the
tremendous benefits of working with Maggie Tax and the Maggie Plan,
(01:47):
so you can take action and create a retirement plan
that's simple.
Speaker 3 (01:50):
And easy to understand.
Speaker 2 (01:52):
And you have to decide that you want to take
action to successively deal with the challenges we will face
to achieve financial success and time and success and financial
freedom and financial freedom is the ultimate goal for all Americans.
And I've asked you many times if you wanted to
understand the new language regarding retirement planning, if you're working
with an advisor that does not have your best interest
(02:15):
in mind, it's time to get a second opinion. Eight
three three Maggie, Tax and Chris, these are just some
of the things that really, you know, concern me and
you because we see it every day. People aren't confused,
they need help, and they need to understand the language.
Speaker 4 (02:28):
Absolutely, So welcome everyone. I'm Chris Maggie, and you know,
we are so glad to be here because there's so
much that you need to know. People come in our
office each and every weekend. They have questions, they're confused,
they're scared, and you can see the fear that the
commercials are the noise is presenting to people. And that's
what's really alarming, and that's why we're here today to
help you in so many different ways. So we have
(02:49):
the Maggie Plan. It's income planning, tax planning, investment planning,
a state planning, and that's what we do, social Security
maximization planning. And why do we do all these things
because because it's called complete planning and that's what the
Maggie plans all about. So pick up the phone, schedule
time to me with us. If you want the complete plan,
we can help you aid three to three MAGI tax.
(03:09):
That's aid three to three MAGI tax.
Speaker 2 (03:11):
And one of the things that we hear every day
that if your advisor he or she tells you that
he has the best stock or best bond or a
mutual fund with the best interest rate, the lowest premium,
or the highest cash value, would that be enough to
inspire you to want to buy from them. They are
a transactional advisor, and we are a complete advisor covering
everything as we talk about every week.
Speaker 3 (03:34):
Now.
Speaker 2 (03:34):
I'm a member of a five oh one C three
organization and it's called the Association of Financial Consultants, and
we are an educational resource for those close to retirement
or recently retired, and we have seminars that are educational
workshops and they are presented by a select few retirement
specialists who work with Maggie Tax and we are dedicated
(03:54):
to educating the public. And there is no selling. There's
no selling or sales pitch out at these events. These
are strictly for educational purposes, and that, Chris, is what
we're trying to accomplish here, to educate you can go
back to school at any age and you'll have the
opportunity to meet one when you register for our three
and one seminar on a state planning, social security planning
(04:15):
in taxes. And one thing I'll say this, telling is
selling and we do not do that. Asking is advocating.
And the more you tell someone something, the more they
tend not to believe you.
Speaker 3 (04:26):
Right, that's exactly right.
Speaker 4 (04:27):
So you know when we meet with clients and you
listening out there today, when you come in and meet
with us, we're going to ask you a lot of
questions because it's about you. It's your plan. You know,
last week I met with a client and he said,
what's your minimum? Is it like a couple of million
dollars or And I said what do you mean? He said, well,
is there a minimum to work with you? It's got
to be over a million dollars, right, And I said,
you know what, It's not about the minimum, it's about
(04:49):
what you were looking to do. We have clients that
have five thousand, we have clients that have fifty millions.
So when it comes down to it, It doesn't matter.
What matters is what you're looking for. If you're looking
for an income plan, we can help. If you're looking
for an investment plan, we can help. If you're looking
for a complete plan, we can help. So pick up
the phone, schedule time to meet with us. Let's get together,
Let's have that conversation and put together a complete plan
(05:11):
for you.
Speaker 2 (05:12):
And the question I would ask, what are they trying
to sell you? Or even worse, what are they not
telling you? And that's important. Telling doesn't work. And our
customers don't care how much we know until they know
how much we care.
Speaker 3 (05:24):
And that's one things that we strive for.
Speaker 2 (05:27):
Register now at Maggie tax dot com for our educational seminars.
It's free, there's no cost and no obligation, and come
to the MAGI event and get education. Our goal is
to help you take action. That's the key word. You
have to take action to make something work. We want
to help you design an income plan that so many
of you don't have. We see this every day and Chris,
we call it bucket planning. So call today, set a
(05:49):
time to meet with us, and we're going to explain
bucket planning and how it will benefit all of you.
Speaker 4 (05:54):
We can explain the simple language of income planning, tax planning,
and investment planning. Even when we offer solutions, and when
we offer several choices, many of you ask questions like
would this be a better strategy for you and your
family and your business? Where do you think or feel
that this would be more of a efficient way to
stay out in front of all these challenges. You know,
as your advisor asking you these same questions, and we
(06:16):
see this probably not you know, if you have questions,
pick up the phone schedule time to meet with us.
That's why when you work with an advisor who has
your best interests in mind from the very first time
we meet with you, we can make a better decision
to help you. So pick up the phone, schedule time
to meet with us. Eight three to three magi TACs.
Speaker 2 (06:33):
And the good thing about it, our customers feel involved
and a participant rather than someone being led around and
not understanding what they're doing.
Speaker 3 (06:42):
And that's the key to the whole thing.
Speaker 2 (06:43):
And additionally, we always ask you questions because it helps
us build trust much more quickly, efficient and effectively.
Speaker 3 (06:50):
And that's a key word there. Trust.
Speaker 2 (06:52):
We build trust when we ask about your concerns, and
then we can create a plan that is simple and
easy to understand, and we call it the mag And
I have a question for all of you though. Wouldn't
it be amazing if we could develop a strategy that
even if no one knew what was going to happen,
you would still be protected.
Speaker 3 (07:12):
Isn't that cool?
Speaker 4 (07:13):
Absolutely?
Speaker 3 (07:14):
So, who's asking that question? Right? Better?
Speaker 2 (07:16):
Still, wouldn't the ideal strategy be one that allowed us
access to the money we didn't lose so we could
take advantage of the opportunity that was being provided. We're
talking about the money we didn't lose. How many of
you lost money in two thousand and one and two
thousand and eight, and you know, COVID and many of
our clients have not lost money. So that's what we're
(07:38):
trying to say. Wouldn't you be able to take advantage
of the opportunity that was being provided? The only thing is, Chris,
they don't understand. And that's key right now.
Speaker 4 (07:46):
Well, let's just say, you know, I remember a client
last week and they came back in and they met
with us and they said, you know what, we met
with you. A couple of years ago, and we were
just kind of confused and a lot was going on,
and they didn't put together a plane at that time.
But they came in again last week and they said
we're ready. And I asked them what took so long
or what were you thinking? And they said, well, you
know what, we had apologize. We should have done something
(08:07):
a couple of years ago, but we didn't because we
had all these thoughts that were not true. We had
no idea about the fees, we had no idea about
how to put together an income plan, we had no
idea what an investment plan was.
Speaker 2 (08:20):
You know.
Speaker 4 (08:20):
They were concerned about their taxes and they paid unnecessary taxes.
And they said, we want to be with an advisory
firm that does complete planning. We want to take advantage
of the opportunities that when they're there they can take
advantage of it as as opposed to falling victim to them.
And they said, many of their peers have lost a
lot of money in the market and they don't want
to go through that again because they're about to retire
(08:42):
in the next couple of years. So that's what it's about.
It's about you and your money and what you want
to do and your goals and what who you want
to work with and what kind of plan you want
to design. We can help you in all areas. That's
why we call it the Maggie Plan.
Speaker 2 (08:55):
And finally, wouldn't it be spectacular if we could do
all of this with little or no income tax liability?
And if you knew you could develop a strategy like that,
when would you want to get started before or after
the next downturn? And we just gave you a reason
to contact Maggie Tax today at eight three to three
Maggie Tax. Visit Maggie tax dot com register for our
(09:18):
three and one seminar on a state planning, social security
planning and when I'm talking about a few minutes ago,
the big one tax planning.
Speaker 3 (09:26):
So register today.
Speaker 2 (09:27):
All the upcoming dates and locations are right there on
Maggie tax dot com. And here's the best part. It's free,
there's no selling, and it's educational. Eight three three Magi Tax.
Speaker 4 (09:37):
You know, and in this uncertain world, wouldn't people ask
for that kind of strategy? Is that what people are
looking for? Absolutely?
Speaker 2 (09:43):
You know?
Speaker 4 (09:44):
Would you want to know about proven strategies and concepts
that work and want to use going forward in your plan. Absolutely,
of course you would, like we said before, you know,
take action. Doing nothing is not a plan. That's why
we recommend getting the Maggie Plan simple and easy for
you to understand. Eight three three Maggie Tax. Visit our
(10:04):
website at Maggie tax dot com. If you're wondering what
your retirement tax bill is going to be, we can
show you in thirty seconds. Go to our website Maggie
Tax dot com. Who has an IRA A Form one
K If you do, those accounts are infected with taxes
and guess what, well, what's the tax liability on those accounts?
That's where you can go to a website Maggie Tax
(10:25):
dot com and get a check up and also get
your tax bill retirement tax bill answered right there.
Speaker 2 (10:33):
You know, it's really interesting because when we do these seminars,
people are very you know, cautious about tell, you know, selling.
I had a gentleman come to me last week and
say what are you selling? And I said nothing, and
he said, well why are we here? I said, that's
the question for you. Why are you here? He said, well,
I want to hear about tax planning and you know,
Social Security and the state planning. And I told him
that's what you're gonna you know here, So we gave
(10:54):
him the sheet to fill out. He basically check no
for an appointment, because I always ask people, you know,
adult to adult, if you want to appointment, say yes.
Speaker 3 (11:00):
If you don't, check no.
Speaker 2 (11:02):
When he got done, he came up and he showed
me a sheet where he had crossed out no and
he circled yes. Chris, he said, I had no idea.
This was the best presentation I ever heard.
Speaker 4 (11:12):
Well, that's just it, and it tells us a lot
because you know it's about education and that's what it's about.
You don't know what you don't know. And we talked
about this earlier. Doing nothing is not a plan. Just
stay in stagnant is not a plan. Things are changing,
tax rules aren't going to change, Legislative risk is there.
It's going to change. But guess what. You have to
be proactive. You have to have a plan. You have
(11:34):
to meet with an advisor who has the strategies to
go out and help you, whether it's income planning, tax planning,
investment planning, social security maximization planning. We can help pick
up the phone, schedule time to meet with us eight
three to three Magi Tax, and don't forget every Sunding
on ABC TV for the Magi Tax and Financial Show
at ten thirty anywhere. Pick up the phone schedule time
to meet with us eight three to three Magi Tax.
Speaker 1 (11:57):
Stop planning for Uncle Sam's retirement and still art planning
for your retirement. As we return to the Maggie Tax
and Financial Hour with your host, father and son Robert
and Chris Maggie. For additional information on how you can
create a tax free retirement, visit Maggie Tax dot com.
That's Maggi tax dot com or call eight one three
(12:19):
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 (12:35):
Welcome back, everyone, and thanks for joining us.
Speaker 2 (12:36):
My name is Robert Maggie and I'm here with my
son Chris Maggie, and you're listening to the Maggie Tax
and Financial Show today. On this segment, I want to
talk about a client that we met, and we meet
many of our clients because a lot of you are
listening to the words that we're saying you are confused
your advisor is not helping you. But this is a
gentleman and his wife that came in and they really
(12:57):
they had a million dollars, to be honest with you,
and they came in and the question we asked them
is what brought them in? And they said, well, guys,
we don't know if we can retire. We're scared, We're
not sure if we're gonna have enough money. So his
biggest question was does he have enough money to live on?
He's sixty two, he's not taking Social Security, but he can.
I'm going to have Chris talk about that in a minute.
(13:19):
He can work for another three years before he takes
some Social Security and no one shows him strategies and concepts,
and his conversation to us, he said that he's taking
more risk than the benchmark, and he didn't understand what
that meant. So Chris, im, I'll let you talk about
what we did in terms of the social Security report,
(13:39):
in terms of comparing what he has and showing him
the difference that he did not understand from his if
you will transactional advisor as we are institutional. I want
you to kind of go through that because this was
a very interesting couple and it was an aha moment
for them because when they got done, they sat back
and they said, Wow, we didn't know that we could
(13:59):
do this.
Speaker 3 (14:00):
Well, that's just it.
Speaker 4 (14:00):
You know, these are live examples that we see each
and every day. And and the thing about it was
is they both came in and they worked, they saved.
They said, we're savers. We did everything right. We just
don't know how to put this all together. And that's common.
That's why they come and to meet with us because
they want to have an income plan, they want to
have an investment plan, they want to have an estate plan,
(14:21):
they want to make sure that they have a tax plan.
They want to make sure that everything's working together. And
they and they made a great point. They said, we
feel like some of our investments are working against us.
And they just didn't know what to do. So we
did evaluation. We put together a plan. As my dad mentioned,
we looked at their prior year accounts. We analyzed the
current risk and what they're currently taking, and also the
(14:44):
fees and different funds, and we found out that they're
invested in mutual funds, there's no active management. They're taking
a lot of risk. When we did our risk tolerance,
they were taking actually they were an aggressive portfolio right
now where they where they currently are at. But really
when we did our a risk tolerance, they're more of
a balanced portfolio. That's what they really want. They want
(15:04):
to be in the middle, but they're taking more risk
than what they really need to take. And this is
important because many people out there have no idea what
type of risk you're taking with your investments. You know,
might meet with an advisor five years ago or ten
years ago and your risk level was very aggressive. But
now what you're older and times have changed, and maybe
your risk tolerance has gone down. Maybe it's more of
(15:26):
a balanced portfolio or conservative method of growing your money.
But when it comes down to it, they didn't know.
So we analyzed that for them the first thing we did.
And it was not how moment because they said, no
one's really looking at this, and we're approaching retirement and
the market's volatile and they don't want to go down
with it. So that was a big question that they
(15:47):
needed answer and we helped them out.
Speaker 3 (15:49):
Well.
Speaker 2 (15:49):
Another thing that we noticed, which was very important, and
we did the comparison. She had an IRA, she had
a rough ira, he had an ira. He had a
rough Ira. And the positions in a Christian you can
talk about this in a minute, they were identical. They
were the same positions. There was no management there, there
was no diversification. Ninety three percent of his money was
(16:10):
at risk. And when we talk about red money, green money,
when we showed him that in the beginning, he said, yeah,
that's bad.
Speaker 3 (16:16):
Yeah, of course it's bad. And he has market.
Speaker 2 (16:19):
Risk and he's gonna and he said to us, you know,
back in two thousand and two and two thousand and
he lost money. And Chris asked him the question and
looked him out the eye and said, how did that
make you feel? And his answer was I'm sick about it.
And he said they lost so much money that he's
sick about it. And Chris said, well, what are you
going to do about it? And then we asked the
(16:41):
wife the same question, and she had less risk than
he did. Now, granted, you know, when you do a
risk tolerance, the risk tolarance is different, and that's okay,
But Chris, it was identical. And ninety three percent of
his money was at risk in an account that lost
money that he's trying to preserve for retirement.
Speaker 4 (16:56):
Well, thats just said. He made a couple of good
points here. They've been through nine to eleven, they've been
through two thousand and eight with the housing market crash,
they've been through COVID. Obviously it was a quick bounce back.
So they're okay, but I guess what now it's on
the other side and they don't want to go through
this nearing retirement. So he's sick about it. But that's
what we're talking about here, and we showed him and
you made a great point. When we analyzed their four
(17:19):
different accounts, current accounts, they had the same positions in
every one of those accounts. There's no diversification, there's no
active management, and that's why they are here and meeting
with us. So when they came in to meet with us,
they said, after we got done with the evaluation, that's
what we were looking for. Now, how do we make
this better so we can accomplish our retirement goals.
Speaker 2 (17:41):
So here's the biggest question that all of you and
even they led to, how much money do you need
per month if you retire today? The question is how
much do you need to go to that mailbox today?
And Chris looked at it, We looked at it. I
think it was four thousand and when Chris ran the
social Security report and his pension report, he could net
seventy five five hundred more than he's making.
Speaker 3 (18:01):
Now, Chris, how did that make him feel? Was he
surprised or what? Well, that's just said.
Speaker 4 (18:05):
So my dad mentioned they have a million dollars well
just from their social Security and their social Security income
and their pension income alone will be three thousand dollars
more a month than they actually need without touching their
million dollar investment. So that was the question. Now, what
do you want your million dollars to do for you?
And they basically said, well, we don't want to lose it.
We want to keep it. We want to keep it
because if inflation happens, we want to be able to
(18:27):
tap into more of it. We want to make sure
that we leave it to our kids. We want to
do a combination of all that good stuff. And they
said that we want to eliminate or possibly reduce the
market risk. So that's what we did. We followed the income.
We solved for the income. The income was there. They've
guaranteed income in the most tax efficient way. I ran
a tax analysts to show them and guess what, they're
not paying a lot in taxes at all.
Speaker 3 (18:47):
That was great.
Speaker 4 (18:48):
So it was really cool to see that the amount
of income they're getting, and because of the way Solid
Security is taxed, they're going to be a low tax
bracket and have a huge amount of income, more than
they actually need in retirement. So the income was taken
care of. Now we talked about the investments, and what
we did was we allocated somebody to green money, somebody
to what we call yellow money, where we have active
management in the market. But also we show them that
(19:09):
there's a purpose with everything that they have. It's not
just about piles of money. It's about buckets of money
with a purpose. Do you want that bucket of money
to not go down, Yes, we can make that happen.
Do you want some fluctuation with that bucket? Yes, we
can manage that portfolio and do something with it. With
the indifferent portfolios that we can manage, these are things
we're talking about. So we put together not only an
(19:30):
income plan, an investment plan, and then we talk about
the estate planning all these accounts that they have will
avoid probate and stay in the family, and that's what
they wanted. So, as my dad mentioned before, they sat
back and they said, oh my gosh, now we have
a plan. Now we have something to be excited about,
and you can too. So thick of the phone schedule
time to meet with us. Eight three to three Maggie Tax.
Visit our website at Maggie Tax dot com. There's so
(19:52):
much information rate there at your fingertips. Eight three to
three Maggie Tax Schedule unappointment today, eight three to three
Maggie Tax.
Speaker 1 (20:02):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son, Robert and Chris, Maggie.
For additional information on how you can create a tax
free retirement, visit Maggie Tax dot com. That's m a
gg I tax dot com or call eight one three
(20:24):
three two two twenty five twenty that's eight one three
three two two twenty five twenty. Now your host for
the Maggie Tax and Financial Hour, Father and son from
Maggie Tax Advisory and Financial Group. Robert and Chris Maggie.
Speaker 4 (20:39):
Welcome back to the Meggie 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 four one K, you need
to understand what this number is why because it can't
affect your retirement future income. Maggie Tax dot Com up
(21:00):
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 me 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?
(21:21):
We can help. 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
(21:44):
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
(22:05):
look forward to get in together with you. Eight three
to three Maggie tax.
Speaker 2 (22:09):
So the question I would ask is how many of
you have a complete plan or an incomplete plan? And
what Chris just mentioned on 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,
(22:32):
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 of 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
(22:56):
go through that process. And people make mistakes about a
state 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?
(23:16):
Think about 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 really, that
is just not a good answer.
Speaker 4 (23:35):
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 to happen? And we have to do
(23:56):
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 or a complete plan, then you'll
(24:18):
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 (24:38):
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.
Speaker 3 (24:48):
Do you have an.
Speaker 2 (24:49):
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 your fees are?
Because if you're paying fees, it's eating awight your retirement.
So without a plan, like Chris says, you have nothing.
So everything we do, we have to have a plan.
(25:10):
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, 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?
Speaker 3 (25:28):
And the answer we get all the time is wow,
not this.
Speaker 4 (25:31):
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 a retirement. Everything's going well,
(25:51):
and guess what legislative risk happens and the tax code changes,
and guess what less to you? Because now you have
to pay more to uncles, 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
(26:15):
it happen to you?
Speaker 3 (26:16):
Yes?
Speaker 4 (26:17):
And if you don't have the right plan in place,
like an income plan, 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
(26:37):
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?
Speaker 3 (26:48):
We can help.
Speaker 4 (26:48):
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 a plan we all hear. Yeah, you
need to have a plan in life, if 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 (27:08):
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
(27:29):
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
(27:49):
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 (27:57):
And that's just it.
Speaker 4 (27:58):
You know, is your plan, your present planning, 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,
(28:18):
I know, absolutely my 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 Forwarto 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 (28:37):
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,
(28:58):
I think I'm okay, but I'm not. Most people by
what they want, not what they need. And that's the
issue that we try to talk about. What do you want?
Speaker 3 (29:08):
You know? What are your needs? How much income do
you want? You know?
Speaker 2 (29:11):
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 a balance sheet, so we know
where your assets are. We know what qualified money is
non qualified money. We know where your bank accounts are
if they're titled right. Does your advisor do all this?
(29:31):
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 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.
Speaker 3 (29:52):
No, it's not true, Chris, that's not true. That's just it.
Speaker 4 (29:55):
You know, why filew the crowd. We don't have to
just because your advisor says everyone else has lost mone
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
(30:17):
to be that way? You know, maybe you're 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 3 (30:28):
Why?
Speaker 4 (30:29):
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, you
(30:50):
have buckets for inflation. You have buckets for future guaranteed income.
You have buckets for the volatility control. You have buckets
to take advantage of the opportunity in the markets 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
(31:11):
to have a purpose based on 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
(31:33):
what you want, you can pick up the phone and
schedule time to meet with us. We look forward a
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, So pick up the phone. We look
forward to meeting with you. Eight three three Maggie Tax
and don't forget every Sunday for the Magi Tax and
(31:54):
Financial Show on tv ABC TV at ten thirty am.
Visit our website Maggie tim schedule time to meet with
us eight three three Magie Tax.
Speaker 1 (32:05):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie Tax dot com. That's
ma gg I tax dot com or call eight one
(32:27):
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty now your host
for the Maggie Tax and Financial Hour, Father and son
from Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 4 (32:43):
Thanks for tuning in to the Maggie Tax and Financial Show.
And as throughout today's show, we talked about a lot
of different things. Tax risk, investment risk, income risk, what
about a state planning risk? These are the risk associated
with people who are living and also retirement in retire
So what are you doing about it? If you have
any questions, pick up the phone, schedule time to meet
(33:04):
with us eight three to three MAGI tax. Visit our
website at Maggi tax dot com and don't forget Every
Sunday on ABC TV, tune in to our show our
TV show ten thirty am on Sunday on ABC TV,
A three to three MAGI tax.
Speaker 2 (33:18):
So we talked about a lot like Chris Mensch, but
let's discuss what a risk score is and how it
relates to your risk tolerance. And here's the thing, Chris,
let me ask you a question. Do you have to
be in the market to make money? You don't have
to be, Okay, most people are, and they're always looking
for that stock bond of mutual fund. But there are
other investments that can give you gains right with no
(33:39):
losses and no fees. Right there are out there, yes,
right there. So when we talk about a risk score,
that's part of it. So a tax riskcore, it's a
measure of an individual's exposure to tax changes within a
given retirement approach. Do you know what your risk score is?
Because if you don't, we can help you. And the
methodology looks at two specific areas of tax change risk.
(33:59):
The first is we talked about it before, situational change,
which measures changes based on your income needs and situation.
And remember, everyone you're listening today, your situation is different.
So if you go to an advisor and they're just
doing a cookie cutter plan, that's not what you're looking for.
Situational changes can include how much income you want to
(34:21):
generate in retirement. That's the big question, Chris, how much
do you want retirement? How many times do we ask
a husband and wife and the answer is I don't
know right right?
Speaker 4 (34:30):
They're confused, but we help them through this process because
this is a very key question that needs to be addressed.
How much income do you need to come in the
front door every month? And many people just don't know.
And when we do a budget planning, we can show
you can take time to go through that with you
because as long as you have that income coming in,
guess what covers your expenses? Covers everything that you looking for,
(34:51):
and then you can start generating play checks and have
fun travel, spend the money, go golfing, go see the kids,
the grandkids, do the things that you want to do
with a play chick, and still preserving the rest of
your money.
Speaker 3 (35:02):
You mentioned something that just tickles me. It's called budget.
Speaker 2 (35:05):
How many of you have an advisor and discuss budget
because when we do a budget, we do a balance
sheet to get all your income, assets and everything and
then figure out the answer to the question is if
you're getting self security, if you're getting pensioned, then how
much money do you need? What's the gap? And many
of you don't know that because that's what we're trying
to do with you. So the secondary of tax change
(35:26):
risk is tax risk score, which measures your exposure to
legislative changes. We talked about that, what if the government
changes the rules and they're going to tax cuts are
going to expire in two years, what are you doing
about it? And these are tax changes based on new
laws or regulations. Guess what from the government. Because it's
written in pencil and it is you all know that
(35:47):
legislative changes can include which assets are subject to taxation.
We're talking about your IRA, you four to one K,
your four oh three B your TSP.
Speaker 3 (35:56):
When those assets are taxed, the question is Chris, what less?
Because we don't know. That's an uncertainty tax.
Speaker 4 (36:04):
And that's it. You know, you're living your life in
a question mark tax rate environment. Think about that. You know,
it's like your health. You keep eating bad, Guess what,
at some point, you're not going to feel good. Same
thing with your investment accounts and also your tax risk.
What if you keep deferring and putting money away and
parking it into accounts that are infected with taxes? At
(36:26):
some point, Guess what when you start taking money out,
you go. You got to bite the bullet and pay
the tax. And you don't have to go through that
if you do some planning, if you do situational planning,
tax planning, things that we can do to control the
tax rate in our future because we can do strategic planning.
And that's why meeting with the right advisor who does
(36:48):
income planning, tax planning, investment planning, and state planning, we
can show you how to put all this together. My
dad talked about a puzzle. We all feel good when
the puzzles put together, don't we But the first step
and we open the box and we put all those
pieces on the table. We're like, oh gosh, I gotta wow.
I don't know where to start. But that's where you
meet with us and we can help you put these
(37:09):
pieces together. And then when you put your puzzle together,
guess what, it brings a smile to your face, like, Wow,
this is a cool thing that I just did. And
that's what we can do for you. So pick up
the phone, schedule time to meet with us. Let's put
together your retirement puzzle. Let's talk about the tax side
of it. Let's talk about the income side of it.
Let's talk about your investments side of it. Let's talk
about the estate planning side of it. Let's talk about
(37:30):
the medicare side of it, your health insurance side of it.
These are things we're talking about so we can help you.
Pick up the phone, schedule time to meet with us.
Eight three three, Maggie Tax. We have, obviously on both
sides of the bay to help you. Eight three three
Maggi Tax.
Speaker 3 (37:44):
You know you made me laugh there about a puzzle.
Speaker 2 (37:47):
If you think about it, when the little kids we
give them a puzzle, we give them like a four
piece puzzle or a five piece puzzle, and then we
give them a ten piece puzzle, and then we give
them a bigger puzzle. And that's the same thing that
we're talking about here with each and every one of you.
What are the pieces of the financial side, the tax side,
the estate planning side. How do we put those pieces together? Well,
(38:07):
here's how I can tell you how we can do it.
Go to my website, Maggie tax dot com. Click on seminars.
It's up to you. Come out and get educated. Understand
the language. We're going to talk about estate planning. We're
going to talk about tax planning. We're going to talk
about social security planning. We're going to talk about all
of this in an easy to understand way. I'm going
to give you a book called Stop funding Uncle Sam's
(38:28):
Retirement and get a plan that's simple and easy to understand.
I promise you when you leave this event, you're going
to feel better about Wow. Now I understand I can
talk to somebody. I can have a conversation about all
of what we're talking about. Second thing is when you
go to the retirement calculator, like Chris mentioned, go to
the retirement calculator in thirty seconds, there's no one that's
(38:48):
doing what we're doing in thirty seconds to tell you
your retirement tax bill eight three three Maggie Tax.
Speaker 4 (38:54):
That's it. You know, you hit on the head. I mean,
it's all right there. And we talk about when you
complete the puzzle, it brings a smile to your faith.
But the problem is is that when you complete the
puzzle and you miss that piece, how frustrated are you?
You're extremely frustrated. And that's where many people we see
each and every day is they don't have the pieces
at the end. They don't have the income piece put together.
(39:15):
They don't have the tax piece put together. The market's
going down, they don't have the investment piece put together
for them, and guess what, that puzzle is not complete
and the smiles on on their face. It doesn't have
to happen to you. Put everything together. Let's get together,
let's have a conversation. We look forward to meeting with you.
Eight three to three MAGI Tax. Schedule time to meet
(39:35):
with us eight three to three MAGI Tax.
Speaker 1 (39:38):
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 Panela's County. Visit Maggie Tax dot
com or call eight one three three two two twenty
five twenty. That's eight one three three two two twenty
(40:00):
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 I'm here with Chris Maggie. You're
listening to the Maggie Tax and Financial Show. Be sure
to visit our website. Maggie Tax dot com. You have
a lot of information there. Register for one of our
three and one seminars coming up. The dates and times
are there, so just click on it and register. And also,
if you have a retirement account and you want to
(01:13):
know what your tax bill is going to be, check
out the retirement calculator, fill in the information and in
thirty seconds we'll show you what your retirement tax bill
is going to be.
Speaker 3 (01:21):
So we have a lot to talk about today.
Speaker 2 (01:24):
The seminars are going really well, so you need to
get involved in that. We talk about estate planning, social security,
and taxes, and we've helped a lot of people understand
the language and make a decision on what they need
to do. But for over thirty years I have been
sharing retirement strategies and concepts that work. I've explained the
tremendous benefits of working with Maggie Tax and the Maggie Plan,
(01:47):
so you can take action and create a retirement plan
that's simple.
Speaker 3 (01:50):
And easy to understand.
Speaker 2 (01:52):
And you have to decide that you want to take
action to successively deal with the challenges we will face
to achieve financial success and time and success and financial
freedom and financial freedom is the ultimate goal for all Americans.
And I've asked you many times if you wanted to
understand the new language regarding retirement planning, if you're working
with an advisor that does not have your best interest
(02:15):
in mind, it's time to get a second opinion. Eight
three three Maggie, Tax and Chris, these are just some
of the things that really, you know, concern me and
you because we see it every day. People aren't confused,
they need help, and they need to understand the language.
Speaker 4 (02:28):
Absolutely, So welcome everyone. I'm Chris Maggie, and you know,
we are so glad to be here because there's so
much that you need to know. People come in our
office each and every weekend. They have questions, they're confused,
they're scared, and you can see the fear that the
commercials are the noise is presenting to people. And that's
what's really alarming, and that's why we're here today to
help you in so many different ways. So we have
(02:49):
the Maggie Plan. It's income planning, tax planning, investment planning,
a state planning, and that's what we do, social Security
maximization planning. And why do we do all these things
because because it's called complete planning and that's what the
Maggie plans all about. So pick up the phone, schedule
time to me with us. If you want the complete plan,
we can help you aid three to three MAGI tax.
(03:09):
That's aid three to three MAGI tax.
Speaker 2 (03:11):
And one of the things that we hear every day
that if your advisor he or she tells you that
he has the best stock or best bond or a
mutual fund with the best interest rate, the lowest premium,
or the highest cash value, would that be enough to
inspire you to want to buy from them. They are
a transactional advisor, and we are a complete advisor covering
everything as we talk about every week.
Speaker 3 (03:34):
Now.
Speaker 2 (03:34):
I'm a member of a five oh one C three
organization and it's called the Association of Financial Consultants, and
we are an educational resource for those close to retirement
or recently retired, and we have seminars that are educational
workshops and they are presented by a select few retirement
specialists who work with Maggie Tax and we are dedicated
(03:54):
to educating the public. And there is no selling. There's
no selling or sales pitch out at these events. These
are strictly for educational purposes, and that, Chris, is what
we're trying to accomplish here, to educate you can go
back to school at any age and you'll have the
opportunity to meet one when you register for our three
and one seminar on a state planning, social security planning
(04:15):
in taxes. And one thing I'll say this, telling is
selling and we do not do that. Asking is advocating.
And the more you tell someone something, the more they
tend not to believe you.
Speaker 3 (04:26):
Right, that's exactly right.
Speaker 4 (04:27):
So you know when we meet with clients and you
listening out there today, when you come in and meet
with us, we're going to ask you a lot of
questions because it's about you. It's your plan. You know,
last week I met with a client and he said,
what's your minimum? Is it like a couple of million
dollars or And I said what do you mean? He said, well,
is there a minimum to work with you? It's got
to be over a million dollars, right, And I said,
you know what, It's not about the minimum, it's about
(04:49):
what you were looking to do. We have clients that
have five thousand, we have clients that have fifty millions.
So when it comes down to it, It doesn't matter.
What matters is what you're looking for. If you're looking
for an income plan, we can help. If you're looking
for an investment plan, we can help. If you're looking
for a complete plan, we can help. So pick up
the phone, schedule time to meet with us. Let's get together,
Let's have that conversation and put together a complete plan
(05:11):
for you.
Speaker 2 (05:12):
And the question I would ask, what are they trying
to sell you? Or even worse, what are they not
telling you? And that's important. Telling doesn't work. And our
customers don't care how much we know until they know
how much we care.
Speaker 3 (05:24):
And that's one things that we strive for.
Speaker 2 (05:27):
Register now at Maggie tax dot com for our educational seminars.
It's free, there's no cost and no obligation, and come
to the MAGI event and get education. Our goal is
to help you take action. That's the key word. You
have to take action to make something work. We want
to help you design an income plan that so many
of you don't have. We see this every day and Chris,
we call it bucket planning. So call today, set a
(05:49):
time to meet with us, and we're going to explain
bucket planning and how it will benefit all of you.
Speaker 4 (05:54):
We can explain the simple language of income planning, tax planning,
and investment planning. Even when we offer solutions, and when
we offer several choices, many of you ask questions like
would this be a better strategy for you and your
family and your business? Where do you think or feel
that this would be more of a efficient way to
stay out in front of all these challenges. You know,
as your advisor asking you these same questions, and we
(06:16):
see this probably not you know, if you have questions,
pick up the phone schedule time to meet with us.
That's why when you work with an advisor who has
your best interests in mind from the very first time
we meet with you, we can make a better decision
to help you. So pick up the phone, schedule time
to meet with us. Eight three to three magi TACs.
Speaker 2 (06:33):
And the good thing about it, our customers feel involved
and a participant rather than someone being led around and
not understanding what they're doing.
Speaker 3 (06:42):
And that's the key to the whole thing.
Speaker 2 (06:43):
And additionally, we always ask you questions because it helps
us build trust much more quickly, efficient and effectively.
Speaker 3 (06:50):
And that's a key word there. Trust.
Speaker 2 (06:52):
We build trust when we ask about your concerns, and
then we can create a plan that is simple and
easy to understand, and we call it the mag And
I have a question for all of you though. Wouldn't
it be amazing if we could develop a strategy that
even if no one knew what was going to happen,
you would still be protected.
Speaker 3 (07:12):
Isn't that cool?
Speaker 4 (07:13):
Absolutely?
Speaker 3 (07:14):
So, who's asking that question? Right? Better?
Speaker 2 (07:16):
Still, wouldn't the ideal strategy be one that allowed us
access to the money we didn't lose so we could
take advantage of the opportunity that was being provided. We're
talking about the money we didn't lose. How many of
you lost money in two thousand and one and two
thousand and eight, and you know, COVID and many of
our clients have not lost money. So that's what we're
(07:38):
trying to say. Wouldn't you be able to take advantage
of the opportunity that was being provided? The only thing is, Chris,
they don't understand. And that's key right now.
Speaker 4 (07:46):
Well, let's just say, you know, I remember a client
last week and they came back in and they met
with us and they said, you know what, we met
with you. A couple of years ago, and we were
just kind of confused and a lot was going on,
and they didn't put together a plane at that time.
But they came in again last week and they said
we're ready. And I asked them what took so long
or what were you thinking? And they said, well, you
know what, we had apologize. We should have done something
(08:07):
a couple of years ago, but we didn't because we
had all these thoughts that were not true. We had
no idea about the fees, we had no idea about
how to put together an income plan, we had no
idea what an investment plan was.
Speaker 2 (08:20):
You know.
Speaker 4 (08:20):
They were concerned about their taxes and they paid unnecessary taxes.
And they said, we want to be with an advisory
firm that does complete planning. We want to take advantage
of the opportunities that when they're there they can take
advantage of it as as opposed to falling victim to them.
And they said, many of their peers have lost a
lot of money in the market and they don't want
to go through that again because they're about to retire
(08:42):
in the next couple of years. So that's what it's about.
It's about you and your money and what you want
to do and your goals and what who you want
to work with and what kind of plan you want
to design. We can help you in all areas. That's
why we call it the Maggie Plan.
Speaker 2 (08:55):
And finally, wouldn't it be spectacular if we could do
all of this with little or no income tax liability?
And if you knew you could develop a strategy like that,
when would you want to get started before or after
the next downturn? And we just gave you a reason
to contact Maggie Tax today at eight three to three
Maggie Tax. Visit Maggie tax dot com register for our
(09:18):
three and one seminar on a state planning, social security
planning and when I'm talking about a few minutes ago,
the big one tax planning.
Speaker 3 (09:26):
So register today.
Speaker 2 (09:27):
All the upcoming dates and locations are right there on
Maggie tax dot com. And here's the best part. It's free,
there's no selling, and it's educational. Eight three three Magi Tax.
Speaker 4 (09:37):
You know, and in this uncertain world, wouldn't people ask
for that kind of strategy? Is that what people are
looking for? Absolutely?
Speaker 2 (09:43):
You know?
Speaker 4 (09:44):
Would you want to know about proven strategies and concepts
that work and want to use going forward in your plan. Absolutely,
of course you would, like we said before, you know,
take action. Doing nothing is not a plan. That's why
we recommend getting the Maggie Plan simple and easy for
you to understand. Eight three three Maggie Tax. Visit our
(10:04):
website at Maggie tax dot com. If you're wondering what
your retirement tax bill is going to be, we can
show you in thirty seconds. Go to our website Maggie
Tax dot com. Who has an IRA A Form one
K If you do, those accounts are infected with taxes
and guess what, well, what's the tax liability on those accounts?
That's where you can go to a website Maggie Tax
(10:25):
dot com and get a check up and also get
your tax bill retirement tax bill answered right there.
Speaker 2 (10:33):
You know, it's really interesting because when we do these seminars,
people are very you know, cautious about tell, you know, selling.
I had a gentleman come to me last week and
say what are you selling? And I said nothing, and
he said, well why are we here? I said, that's
the question for you. Why are you here? He said, well,
I want to hear about tax planning and you know,
Social Security and the state planning. And I told him
that's what you're gonna you know here, So we gave
(10:54):
him the sheet to fill out. He basically check no
for an appointment, because I always ask people, you know,
adult to adult, if you want to appointment, say yes.
Speaker 3 (11:00):
If you don't, check no.
Speaker 2 (11:02):
When he got done, he came up and he showed
me a sheet where he had crossed out no and
he circled yes. Chris, he said, I had no idea.
This was the best presentation I ever heard.
Speaker 4 (11:12):
Well, that's just it, and it tells us a lot
because you know it's about education and that's what it's about.
You don't know what you don't know. And we talked
about this earlier. Doing nothing is not a plan. Just
stay in stagnant is not a plan. Things are changing,
tax rules aren't going to change, Legislative risk is there.
It's going to change. But guess what. You have to
be proactive. You have to have a plan. You have
(11:34):
to meet with an advisor who has the strategies to
go out and help you, whether it's income planning, tax planning,
investment planning, social security maximization planning. We can help pick
up the phone, schedule time to meet with us eight
three to three Magi Tax, and don't forget every Sunding
on ABC TV for the Magi Tax and Financial Show
at ten thirty anywhere. Pick up the phone schedule time
to meet with us eight three to three Magi Tax.
Speaker 1 (11:57):
Stop planning for Uncle Sam's retirement and still art planning
for your retirement. As we return to the Maggie Tax
and Financial Hour with your host, father and son Robert
and Chris Maggie. For additional information on how you can
create a tax free retirement, visit Maggie Tax dot com.
That's Maggi tax dot com or call eight one three
(12:19):
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 (12:35):
Welcome back, everyone, and thanks for joining us.
Speaker 2 (12:36):
My name is Robert Maggie and I'm here with my
son Chris Maggie, and you're listening to the Maggie Tax
and Financial Show today. On this segment, I want to
talk about a client that we met, and we meet
many of our clients because a lot of you are
listening to the words that we're saying you are confused
your advisor is not helping you. But this is a
gentleman and his wife that came in and they really
(12:57):
they had a million dollars, to be honest with you,
and they came in and the question we asked them
is what brought them in? And they said, well, guys,
we don't know if we can retire. We're scared, We're
not sure if we're gonna have enough money. So his
biggest question was does he have enough money to live on?
He's sixty two, he's not taking Social Security, but he can.
I'm going to have Chris talk about that in a minute.
(13:19):
He can work for another three years before he takes
some Social Security and no one shows him strategies and concepts,
and his conversation to us, he said that he's taking
more risk than the benchmark, and he didn't understand what
that meant. So Chris, im, I'll let you talk about
what we did in terms of the social Security report,
(13:39):
in terms of comparing what he has and showing him
the difference that he did not understand from his if
you will transactional advisor as we are institutional. I want
you to kind of go through that because this was
a very interesting couple and it was an aha moment
for them because when they got done, they sat back
and they said, Wow, we didn't know that we could
(13:59):
do this.
Speaker 3 (14:00):
Well, that's just it.
Speaker 4 (14:00):
You know, these are live examples that we see each
and every day. And and the thing about it was
is they both came in and they worked, they saved.
They said, we're savers. We did everything right. We just
don't know how to put this all together. And that's common.
That's why they come and to meet with us because
they want to have an income plan, they want to
have an investment plan, they want to have an estate plan,
(14:21):
they want to make sure that they have a tax plan.
They want to make sure that everything's working together. And
they and they made a great point. They said, we
feel like some of our investments are working against us.
And they just didn't know what to do. So we
did evaluation. We put together a plan. As my dad mentioned,
we looked at their prior year accounts. We analyzed the
current risk and what they're currently taking, and also the
(14:44):
fees and different funds, and we found out that they're
invested in mutual funds, there's no active management. They're taking
a lot of risk. When we did our risk tolerance,
they were taking actually they were an aggressive portfolio right
now where they where they currently are at. But really
when we did our a risk tolerance, they're more of
a balanced portfolio. That's what they really want. They want
(15:04):
to be in the middle, but they're taking more risk
than what they really need to take. And this is
important because many people out there have no idea what
type of risk you're taking with your investments. You know,
might meet with an advisor five years ago or ten
years ago and your risk level was very aggressive. But
now what you're older and times have changed, and maybe
your risk tolerance has gone down. Maybe it's more of
(15:26):
a balanced portfolio or conservative method of growing your money.
But when it comes down to it, they didn't know.
So we analyzed that for them the first thing we did.
And it was not how moment because they said, no
one's really looking at this, and we're approaching retirement and
the market's volatile and they don't want to go down
with it. So that was a big question that they
(15:47):
needed answer and we helped them out.
Speaker 3 (15:49):
Well.
Speaker 2 (15:49):
Another thing that we noticed, which was very important, and
we did the comparison. She had an IRA, she had
a rough ira, he had an ira. He had a
rough Ira. And the positions in a Christian you can
talk about this in a minute, they were identical. They
were the same positions. There was no management there, there
was no diversification. Ninety three percent of his money was
(16:10):
at risk. And when we talk about red money, green money,
when we showed him that in the beginning, he said, yeah,
that's bad.
Speaker 3 (16:16):
Yeah, of course it's bad. And he has market.
Speaker 2 (16:19):
Risk and he's gonna and he said to us, you know,
back in two thousand and two and two thousand and
he lost money. And Chris asked him the question and
looked him out the eye and said, how did that
make you feel? And his answer was I'm sick about it.
And he said they lost so much money that he's
sick about it. And Chris said, well, what are you
going to do about it? And then we asked the
(16:41):
wife the same question, and she had less risk than
he did. Now, granted, you know, when you do a
risk tolerance, the risk tolarance is different, and that's okay,
But Chris, it was identical. And ninety three percent of
his money was at risk in an account that lost
money that he's trying to preserve for retirement.
Speaker 4 (16:56):
Well, thats just said. He made a couple of good
points here. They've been through nine to eleven, they've been
through two thousand and eight with the housing market crash,
they've been through COVID. Obviously it was a quick bounce back.
So they're okay, but I guess what now it's on
the other side and they don't want to go through
this nearing retirement. So he's sick about it. But that's
what we're talking about here, and we showed him and
you made a great point. When we analyzed their four
(17:19):
different accounts, current accounts, they had the same positions in
every one of those accounts. There's no diversification, there's no
active management, and that's why they are here and meeting
with us. So when they came in to meet with us,
they said, after we got done with the evaluation, that's
what we were looking for. Now, how do we make
this better so we can accomplish our retirement goals.
Speaker 2 (17:41):
So here's the biggest question that all of you and
even they led to, how much money do you need
per month if you retire today? The question is how
much do you need to go to that mailbox today?
And Chris looked at it, We looked at it. I
think it was four thousand and when Chris ran the
social Security report and his pension report, he could net
seventy five five hundred more than he's making.
Speaker 3 (18:01):
Now, Chris, how did that make him feel? Was he
surprised or what? Well, that's just said.
Speaker 4 (18:05):
So my dad mentioned they have a million dollars well
just from their social Security and their social Security income
and their pension income alone will be three thousand dollars
more a month than they actually need without touching their
million dollar investment. So that was the question. Now, what
do you want your million dollars to do for you?
And they basically said, well, we don't want to lose it.
We want to keep it. We want to keep it
because if inflation happens, we want to be able to
(18:27):
tap into more of it. We want to make sure
that we leave it to our kids. We want to
do a combination of all that good stuff. And they
said that we want to eliminate or possibly reduce the
market risk. So that's what we did. We followed the income.
We solved for the income. The income was there. They've
guaranteed income in the most tax efficient way. I ran
a tax analysts to show them and guess what, they're
not paying a lot in taxes at all.
Speaker 3 (18:47):
That was great.
Speaker 4 (18:48):
So it was really cool to see that the amount
of income they're getting, and because of the way Solid
Security is taxed, they're going to be a low tax
bracket and have a huge amount of income, more than
they actually need in retirement. So the income was taken
care of. Now we talked about the investments, and what
we did was we allocated somebody to green money, somebody
to what we call yellow money, where we have active
management in the market. But also we show them that
(19:09):
there's a purpose with everything that they have. It's not
just about piles of money. It's about buckets of money
with a purpose. Do you want that bucket of money
to not go down, Yes, we can make that happen.
Do you want some fluctuation with that bucket? Yes, we
can manage that portfolio and do something with it. With
the indifferent portfolios that we can manage, these are things
we're talking about. So we put together not only an
(19:30):
income plan, an investment plan, and then we talk about
the estate planning all these accounts that they have will
avoid probate and stay in the family, and that's what
they wanted. So, as my dad mentioned before, they sat
back and they said, oh my gosh, now we have
a plan. Now we have something to be excited about,
and you can too. So thick of the phone schedule
time to meet with us. Eight three to three Maggie Tax.
Visit our website at Maggie Tax dot com. There's so
(19:52):
much information rate there at your fingertips. Eight three to
three Maggie Tax Schedule unappointment today, eight three to three
Maggie Tax.
Speaker 1 (20:02):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son, Robert and Chris, Maggie.
For additional information on how you can create a tax
free retirement, visit Maggie Tax dot com. That's m a
gg I tax dot com or call eight one three
(20:24):
three two two twenty five twenty that's eight one three
three two two twenty five twenty. Now your host for
the Maggie Tax and Financial Hour, Father and son from
Maggie Tax Advisory and Financial Group. Robert and Chris Maggie.
Speaker 4 (20:39):
Welcome back to the Meggie 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 four one K, you need
to understand what this number is why because it can't
affect your retirement future income. Maggie Tax dot Com up
(21:00):
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 me 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?
(21:21):
We can help. 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
(21:44):
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
(22:05):
look forward to get in together with you. Eight three
to three Maggie tax.
Speaker 2 (22:09):
So the question I would ask is how many of
you have a complete plan or an incomplete plan? And
what Chris just mentioned on 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,
(22:32):
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 of 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
(22:56):
go through that process. And people make mistakes about a
state 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?
(23:16):
Think about 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 really, that
is just not a good answer.
Speaker 4 (23:35):
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 to happen? And we have to do
(23:56):
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 or a complete plan, then you'll
(24:18):
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 (24:38):
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.
Speaker 3 (24:48):
Do you have an.
Speaker 2 (24:49):
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 your fees are?
Because if you're paying fees, it's eating awight your retirement.
So without a plan, like Chris says, you have nothing.
So everything we do, we have to have a plan.
(25:10):
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, 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?
Speaker 3 (25:28):
And the answer we get all the time is wow,
not this.
Speaker 4 (25:31):
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 a retirement. Everything's going well,
(25:51):
and guess what legislative risk happens and the tax code changes,
and guess what less to you? Because now you have
to pay more to uncles, 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
(26:15):
it happen to you?
Speaker 3 (26:16):
Yes?
Speaker 4 (26:17):
And if you don't have the right plan in place,
like an income plan, 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
(26:37):
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?
Speaker 3 (26:48):
We can help.
Speaker 4 (26:48):
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 a plan we all hear. Yeah, you
need to have a plan in life, if 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 (27:08):
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
(27:29):
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
(27:49):
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 (27:57):
And that's just it.
Speaker 4 (27:58):
You know, is your plan, your present planning, 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,
(28:18):
I know, absolutely my 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 Forwarto 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 (28:37):
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,
(28:58):
I think I'm okay, but I'm not. Most people by
what they want, not what they need. And that's the
issue that we try to talk about. What do you want?
Speaker 3 (29:08):
You know? What are your needs? How much income do
you want? You know?
Speaker 2 (29:11):
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 a balance sheet, so we know
where your assets are. We know what qualified money is
non qualified money. We know where your bank accounts are
if they're titled right. Does your advisor do all this?
(29:31):
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 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.
Speaker 3 (29:52):
No, it's not true, Chris, that's not true. That's just it.
Speaker 4 (29:55):
You know, why filew the crowd. We don't have to
just because your advisor says everyone else has lost mone
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
(30:17):
to be that way? You know, maybe you're 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 3 (30:28):
Why?
Speaker 4 (30:29):
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, you
(30:50):
have buckets for inflation. You have buckets for future guaranteed income.
You have buckets for the volatility control. You have buckets
to take advantage of the opportunity in the markets 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
(31:11):
to have a purpose based on 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
(31:33):
what you want, you can pick up the phone and
schedule time to meet with us. We look forward a
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, So pick up the phone. We look
forward to meeting with you. Eight three three Maggie Tax
and don't forget every Sunday for the Magi Tax and
(31:54):
Financial Show on tv ABC TV at ten thirty am.
Visit our website Maggie tim schedule time to meet with
us eight three three Magie Tax.
Speaker 1 (32:05):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie Tax dot com. That's
ma gg I tax dot com or call eight one
(32:27):
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty now your host
for the Maggie Tax and Financial Hour, Father and son
from Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 4 (32:43):
Thanks for tuning in to the Maggie Tax and Financial Show.
And as throughout today's show, we talked about a lot
of different things. Tax risk, investment risk, income risk, what
about a state planning risk? These are the risk associated
with people who are living and also retirement in retire
So what are you doing about it? If you have
any questions, pick up the phone, schedule time to meet
(33:04):
with us eight three to three MAGI tax. Visit our
website at Maggi tax dot com and don't forget Every
Sunday on ABC TV, tune in to our show our
TV show ten thirty am on Sunday on ABC TV,
A three to three MAGI tax.
Speaker 2 (33:18):
So we talked about a lot like Chris Mensch, but
let's discuss what a risk score is and how it
relates to your risk tolerance. And here's the thing, Chris,
let me ask you a question. Do you have to
be in the market to make money? You don't have
to be, Okay, most people are, and they're always looking
for that stock bond of mutual fund. But there are
other investments that can give you gains right with no
(33:39):
losses and no fees. Right there are out there, yes,
right there. So when we talk about a risk score,
that's part of it. So a tax riskcore, it's a
measure of an individual's exposure to tax changes within a
given retirement approach. Do you know what your risk score is?
Because if you don't, we can help you. And the
methodology looks at two specific areas of tax change risk.
(33:59):
The first is we talked about it before, situational change,
which measures changes based on your income needs and situation.
And remember, everyone you're listening today, your situation is different.
So if you go to an advisor and they're just
doing a cookie cutter plan, that's not what you're looking for.
Situational changes can include how much income you want to
(34:21):
generate in retirement. That's the big question, Chris, how much
do you want retirement? How many times do we ask
a husband and wife and the answer is I don't
know right right?
Speaker 4 (34:30):
They're confused, but we help them through this process because
this is a very key question that needs to be addressed.
How much income do you need to come in the
front door every month? And many people just don't know.
And when we do a budget planning, we can show
you can take time to go through that with you
because as long as you have that income coming in,
guess what covers your expenses? Covers everything that you looking for,
(34:51):
and then you can start generating play checks and have
fun travel, spend the money, go golfing, go see the kids,
the grandkids, do the things that you want to do
with a play chick, and still preserving the rest of
your money.
Speaker 3 (35:02):
You mentioned something that just tickles me. It's called budget.
Speaker 2 (35:05):
How many of you have an advisor and discuss budget
because when we do a budget, we do a balance
sheet to get all your income, assets and everything and
then figure out the answer to the question is if
you're getting self security, if you're getting pensioned, then how
much money do you need? What's the gap? And many
of you don't know that because that's what we're trying
to do with you. So the secondary of tax change
(35:26):
risk is tax risk score, which measures your exposure to
legislative changes. We talked about that, what if the government
changes the rules and they're going to tax cuts are
going to expire in two years, what are you doing
about it? And these are tax changes based on new
laws or regulations. Guess what from the government. Because it's
written in pencil and it is you all know that
(35:47):
legislative changes can include which assets are subject to taxation.
We're talking about your IRA, you four to one K,
your four oh three B your TSP.
Speaker 3 (35:56):
When those assets are taxed, the question is Chris, what less?
Because we don't know. That's an uncertainty tax.
Speaker 4 (36:04):
And that's it. You know, you're living your life in
a question mark tax rate environment. Think about that. You know,
it's like your health. You keep eating bad, Guess what,
at some point, you're not going to feel good. Same
thing with your investment accounts and also your tax risk.
What if you keep deferring and putting money away and
parking it into accounts that are infected with taxes? At
(36:26):
some point, Guess what when you start taking money out,
you go. You got to bite the bullet and pay
the tax. And you don't have to go through that
if you do some planning, if you do situational planning,
tax planning, things that we can do to control the
tax rate in our future because we can do strategic planning.
And that's why meeting with the right advisor who does
(36:48):
income planning, tax planning, investment planning, and state planning, we
can show you how to put all this together. My
dad talked about a puzzle. We all feel good when
the puzzles put together, don't we But the first step
and we open the box and we put all those
pieces on the table. We're like, oh gosh, I gotta wow.
I don't know where to start. But that's where you
meet with us and we can help you put these
(37:09):
pieces together. And then when you put your puzzle together,
guess what, it brings a smile to your face, like, Wow,
this is a cool thing that I just did. And
that's what we can do for you. So pick up
the phone, schedule time to meet with us. Let's put
together your retirement puzzle. Let's talk about the tax side
of it. Let's talk about the income side of it.
Let's talk about your investments side of it. Let's talk
about the estate planning side of it. Let's talk about
(37:30):
the medicare side of it, your health insurance side of it.
These are things we're talking about so we can help you.
Pick up the phone, schedule time to meet with us.
Eight three three, Maggie Tax. We have, obviously on both
sides of the bay to help you. Eight three three
Maggi Tax.
Speaker 3 (37:44):
You know you made me laugh there about a puzzle.
Speaker 2 (37:47):
If you think about it, when the little kids we
give them a puzzle, we give them like a four
piece puzzle or a five piece puzzle, and then we
give them a ten piece puzzle, and then we give
them a bigger puzzle. And that's the same thing that
we're talking about here with each and every one of you.
What are the pieces of the financial side, the tax side,
the estate planning side. How do we put those pieces together? Well,
(38:07):
here's how I can tell you how we can do it.
Go to my website, Maggie tax dot com. Click on seminars.
It's up to you. Come out and get educated. Understand
the language. We're going to talk about estate planning. We're
going to talk about tax planning. We're going to talk
about social security planning. We're going to talk about all
of this in an easy to understand way. I'm going
to give you a book called Stop funding Uncle Sam's
(38:28):
Retirement and get a plan that's simple and easy to understand.
I promise you when you leave this event, you're going
to feel better about Wow. Now I understand I can
talk to somebody. I can have a conversation about all
of what we're talking about. Second thing is when you
go to the retirement calculator, like Chris mentioned, go to
the retirement calculator in thirty seconds, there's no one that's
(38:48):
doing what we're doing in thirty seconds to tell you
your retirement tax bill eight three three Maggie Tax.
Speaker 4 (38:54):
That's it. You know, you hit on the head. I mean,
it's all right there. And we talk about when you
complete the puzzle, it brings a smile to your faith.
But the problem is is that when you complete the
puzzle and you miss that piece, how frustrated are you?
You're extremely frustrated. And that's where many people we see
each and every day is they don't have the pieces
at the end. They don't have the income piece put together.
(39:15):
They don't have the tax piece put together. The market's
going down, they don't have the investment piece put together
for them, and guess what, that puzzle is not complete
and the smiles on on their face. It doesn't have
to happen to you. Put everything together. Let's get together,
let's have a conversation. We look forward to meeting with you.
Eight three to three MAGI Tax. Schedule time to meet
(39:35):
with us eight three to three MAGI Tax.
Speaker 1 (39:38):
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 Panela's County. Visit Maggie Tax dot
com or call eight one three three two two twenty
five twenty. That's eight one three three two two twenty
(40:00):
five twenty and tune in next Saturday at five for
the Maggie Tax and Financial Hour
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