December 3, 2025 • 38 mins
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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 is living it up when you retire by taxing
your hard earned money. Welcome to the Maggie Tax and
Financial Show with Robert and Chris Maggie of Maggie Tax
and Wealth Advisors. With over four decades of combined experience
and tax savings, income planning, and investment opportunities, Robert and
(00:22):
Chris share advice and tax planning strategies designed to protect
your retirement next day from Uncle Sam. Call them at
eight three three Maggie Tax or online at Maggie Tax
dot com. And now your host for the Maggie Tax
and Financial Show, Robert and Chris Maggie.
Speaker 2 (00:41):
Welcome to the Maggie Tax and Financial Show, where your
money meets mastery. I'm Bobby Maggie, and every week we
dive deep into the dollars and cents behind your financial future.
Whether you're a business owner, a working professional, or just
trying to make sense of your taxes. This is your
front row seat to clarity, strategy and financial environment. So
(01:02):
from tax tips that save you thousands to financial insights
that build your legacy. We're not just talking numbers, We're
changing lives. So buckle up because today's episode is packed
with powerful tools, expert advice, and maybe even a few surprises.
So Chris, let's unlock your financial potential with these folks
right here, right now today.
Speaker 3 (01:23):
Well, I say welcome everyone. I'm Chris Maggie, and thank
you so much for tuning into the Magi Tax and
Financial Show and glad to be here as always because
there's so much information that we want to share with you.
Visit our website at Maggie tax dot com. That's m
A G G I T a X dot com, Maggie
tax dot com. And don't forget every Sunday on ABC TV,
tune into our show right on TV ten thirty am
(01:44):
for The Maggie Tax and Financial Show. So we do
tax planning, income planning, investment planning, and state planning, so
security maximization planning, we do complete planning. Is the bottom line.
That's all you really want to understand is that you
want to work with an advisor who looks at everything
you know. If you're getting income, you want to make
sure they get income on the most tax efficient way.
If you have investments. You want to make sure that
(02:05):
you're paying leaves mountain taxes. So that's what we do.
Telephone numbers eight three three mag attacks, pick up the phone,
schedule time to meet with us anytime.
Speaker 2 (02:13):
So a couple things right now, The power of purposeful
income planning. I think a lot of folks get confused
about income planning. So we're going to talk about why
income planning isn't just for retirees. It's for everyone listening
to today's show, whether you're young, or middle aged or retired,
you have to start thinking about income planning. How aligning
income with life goals creates financial clarity. Again, many people
(02:36):
don't think about, you know, longevity about you know, you're
in your forties. I'm older obviously, But if you start
young and you start putting a plan together, that's what
income planning is about. And I want to talk about
common myths that hold people back from planning effectively. I
don't have time, I'm not making enough money. You know, Chris,
you talk about this all the time. And when you
were younger, and I know when I was younger, I
(02:57):
used to cut grass, I used to you know, shovel snow,
and I used to get twenty bucks or twenty five dollars,
and my dad would say, you've got to put and
you've got to put something away. Take five dollars, put
it away, ten dollars, put it away, and just put
it away and forget about it like you never got it.
And I think the mistake that people make is that
they spend. They spend, they spend. And now, as you
(03:18):
and I know, I've been doing this for over thirty years,
how many people we see that do not plan for
retirement and are not ready to retire where they think
they got a work pissed a certain age because they
just didn't plan. And I think, Chris, for you, you're
a young guy, and for young people out there, you
have to start somewhere well.
Speaker 3 (03:35):
As just said, so you know when you're discipline and
I know, life happens, right, you have kids, you have
a job, people, a lot of people are moving jobs
and they have old form one CA's which you need
to roll these old form on cas new ira and
we can show you how to do that. So if
you have a a couple of different old form one
case we can show you. But in complaining is start
thinking about your own paychecks and play checks. That's the
(03:55):
biggest thing. And that's some of the myths that people have.
Would you just say, you know, you have to keep
up with some of the expenses, and you have to
pay a mortgage and our car payment, and life happens.
I get it. But if you could just understand, if
you're early enough and you're young enough, put money away consistently.
You know, you try to live off of one person's income,
but if that doesn't happen, but then you need to
(04:16):
live off of both. But you still can try to
find to put money away in a bucket because it's
you need to create your own income plan in the future.
And if you're about to retire or you're retired, and
if you have these buckets that are just piles of money,
you need to turn it into an income stream. So
the power is so important with your future income and
you need to have a purpose to do it. And
(04:38):
while you're saving, put that money away. But when you
have the buckets, let's create an income stream.
Speaker 2 (04:44):
And one thing that I would use, it's a habit,
and it's a habit that you have to do, Like
you brush your teeth every day, you take a shower.
That's a habit. It's the same thing with saving, Chris,
I mean your daughter and your son. Give an example,
my granddaughter or your daughter seven years old, and I
said to her yesterday, what do you do when you
get money? She says, I put it in my piggy bank.
(05:05):
I said, what does your brother do? Oh, he spends
it on baseball cards? I said, does he save? She says, no,
not exactly. So there's a perfect example. And this is
coming from your kids. This is the truth. Your Your
daughter's a she's a thrill. I mean, she's I save it.
She said, that goes in my piggy bank. So what
what what example does that set? You know?
Speaker 3 (05:22):
Well, that's just it the discipline. You know she's seven, right,
but that's just her mentality. She doesn't want to want
to spend it. She keeps it. But you got my
son who wants to spend on everything he's got.
Speaker 2 (05:33):
So what do you do?
Speaker 3 (05:34):
You have to have a discipline approach, right, And that's
why when you're early on, try to save as much
as you can. But when you're at the point you
need to create income buckets.
Speaker 2 (05:43):
Well stay with that for a second, because people don't
know how much to save that's a big question you
and I get all the time. And if you use
your age minus one hundred, where you can start putting
money into safe investments or even part into a savings account,
and then as you get older and time goes on,
you could start bumping that up and then it becomes
a lot of money.
Speaker 3 (06:03):
That's right, you know, in time, time is great when
you have the value of time and the interest rates
and a compounding interest. We can show you how to
create those buckets and invest those buckets. So diversifying income
streams and building financial resilience is as important as putting
money away. You know, you want to explore active income
sources and also passive income sources. Do you have rental properties,
(06:25):
do you have interest dividends or your investments giving you
the income you want? Or is it from social security
or a pension. These are things that we have to
talk about. So when you come in to meet with us,
we can put together an income plan for you. You know,
what about what about side hustles or you know, putting
money getting money from side investments. It could be maybe
your own contractor or a part time job. You know,
(06:48):
these are the things that we're talking about. But there
are real life examples of diversified income strategies that work.
People are living off of their income streams. They are
buckets of money that are generating income. So if you
have questions and want to know how to do that
for yourself, pick up the phone, schedule time to meet
with us. Let's get together. Eight three three Maggie tax.
Let's talk about income. What about tax efficient income strategies?
Speaker 2 (07:11):
Well, good point. There the biggest problem I see, you
know a question we get how to structure income to
minimize tax liability. It's pretty simple. The more money you make,
the more tax you're going to pay. But every year
I hear the same thing and they tell Chris and
I I'm paying too much in taxes, and the truth
is you're not paying enough in taxes. And right now
we all know that Trump tax cuts were extended, which
(07:33):
is a good thing. So when you come in and
meet with us, we can explain to you how it's
going to benefit you not hurt you. And I think
that's going to be It's a big question. It's a
big question on everybody's mind. So you know, once you
understand what you make and what you have to pay
in taxes and the deductions. You might be surprised because
you might not pay as much tax as you think
you're going to.
Speaker 3 (07:51):
Well, let's just sit too, and let's add on that.
Because the people get income, we meet with clients and
we do reviews. They get any income, but a lot
of them are the most tax efficient way. But then
we see new clients come in and they're getting income
and paying a lot in tax, and then their sole
securities getting taxes as much as eighty five percent. They're
not really sure how to way is to reduce it.
That's why tax efficient income strategies are so important, and
(08:14):
the role of your retirement accounts and capital gains tax
and tax brackets. You know, these are things that you
have to be aware of. And if you're working with
an advisor who's not even talking about tax efficient income,
then you need to do something about it because you're
going to be paying more in tax. You're leaving money
on the table that's going to Uncle Sam, that should
be going to you and your family. And I was
(08:35):
giving an example at a client that came in last week.
Perfect example. They would take it out ten thousand dollars
from their IRA account and the broker said, go ahead
and do that. Meanwhile, if they took the ten thousand
from the non IRA account, they'll pay no tax. The
solid security wouldn't got taxed. But now the broker advised
them to take it from a different distribution source and
it caused more tax, and the solid security got tax
(08:57):
on top of it. And that's where it's so important
to make sure you have tax efficient strategies. And that's
what we can help you with.
Speaker 2 (09:03):
Well, go back to one thing. We talk about retirement accounts.
Right now, the biggest question people ask is the rmds
and how much they have to take out, you know,
what capital gains they have on their retirement accounts. These
are all questions that you have that you need to
call us right now. Income planning for retirement turn your
assets into paychecks. Turn your assets into paychecks. And the
(09:24):
only reason why I say that twice is because you
probably don't know how to do that, how to transition
from earning to withdrawing. You know, you work all your life,
you save, but then you have to know how to
withdraw that money, and like Christen, in the most tax
efficient way. You know, there are strategies for sustainable withdrawals.
The rule was four percent rule, you know, take four
percent out, four percent out, but that's changed. What we
(09:45):
do is we do bucket planning. And bucket planning is
a lot easier to understand than just withdrawing and deleting
that account. So social security, we talk about pensions and annuities.
What to know and how to plan. These are questions
that you should have and you should be able to
commit in talk to us eight three to three Maggie
techs sit down and do income planning with us, and
some investment planning and again retirement planning. That's what we're
(10:07):
talking about today. So you have, you know, a purposeful
reason for income planning and retirement planning.
Speaker 3 (10:13):
Absolutely, and that's a wrap on incomplainning. But don't get
too comfortable because next time we're going to dive into
the world of investment plan that's we're going to lead
into next segment. You know, where your money doesn't just sit,
it works and it works hard. So we'll break down
smart strategies on cover hidden opportunities and show you how
to build a portfolio that's built to last, whether you're
just starting out or ready to level up. So stay
(10:36):
tuned stay sharp and get ready because the Maggie Tax
Advisory Show is right here and your future is on
the move. Give us call a three to three Maggie Tax.
Speaker 1 (10:49):
Stop funding Uncle Sam's retirement and start planning for your
own successful retirement. As we return to the Maggie Tax
Financial Show with your host Robert and Chris Maggie with
Meaggie Tax and Wealth Advisors. For information on how you
can create a tax free retirement, call eight three three
Maggie Tax, or visit Maggie Tax dot com. Now you're
(11:11):
host with Maggie Tax and Wealth Advisors Robert and Chris Maggie.
Speaker 2 (11:16):
Welcome back to the Maggie Tax and Financial Show. Today
we're talking about investment planning, but not just in terms
of charts and returns. We're talking about investing in your future,
in your family and your freedom, and that's what you
all should be thinking about. I'll never forget one client,
a single mom working two jobs, just trying to make
ends meet, and she didn't think investing was for her.
(11:38):
But we started small, like I said before, with a
plan built around her goals. Five years later, she had
enough saved to buy her first home and start a
college fund. For her daughter and she cried. She cried
in my office when we told her, well, she told
me actually not because of the money, but because she
finally felt secure and she finally felt hope. And that's
(12:01):
what all of you might be feeling right now. But
it can be done. That's what investment planning is really about.
It's not just about wealth. It's about possibility. And today
we're going to explore how you can take control of
your financial future, one smart decision at a time. And Chris,
I think what the problem is that most people feel
they got to do it all at once and they
(12:21):
don't realize that. Think about it. We all grew up
as a baby. Okay, we didn't just jump into college.
You know, we didn't run. We crawled and then we walked,
and then we ran and then life goes on. It's
the same thing with you know, investing for your retirement
for life. Isn't that correct?
Speaker 3 (12:39):
Absolutely? And that's why you have to define your purpose
before you start with different products, and investment planning is key.
And my dad said said it, well, it's about possibility,
and investment planning starts with the question or the word
why why are you saving for retirement? Why are you
saving for a child's education, Why are you saving for
(12:59):
a financial independence? These are things that we need to
understand what your goals are.
Speaker 2 (13:04):
Right.
Speaker 3 (13:05):
Knowing your goals help determine your risk tolerance, your time horizon,
as well as the right mix of assets to choose from.
So at our firm, we do complete planning and as
a registered investment advisory firm, we have a plethora of
strategies and investments that we can help you. Whether it's safety,
whether it's for growth, whether it's for inflation, whether it's
for a lot of dividend producing, whatever it is, we
(13:27):
can help you. We just need to understand what you're
looking for.
Speaker 2 (13:29):
You know, it reminds me when I was younger, and
many many people out there I might remember what I'm
going to talk about, but I used to save for
a Christmas club because I'd save, you know, five dollars
a week or ten you could do twenty and probably
many of you shaking your head. But at the end,
by October November, I used to get a check from
the bank for five hundred dollars or one thousand dollars
(13:50):
to buy Christmas presents. And that's how I learned how
to shop, but I also learned how to save. But
here's the thing, you know, what is your risk level
when you do that? How do you invest money to
make money not to lose money? Because many people just think,
you know, it's the best stock, it's the best bond.
That's not the case. It's investment planning and risk tolerance.
Chris and you talk about risk all the time, and
(14:11):
this is for everybody, young and old. You can take
some risk when you're young, you can take less risk
when you're older.
Speaker 3 (14:18):
And that's the thing. You want to meet with an
advisor who can determine your risk. And if you don't know,
then we can help. So pick up the phone, schedule
time to meet with us. Let's talk about your investment plan.
Whether you're working, you put money away, whether you're retired
and you just really just have piles of money, there's
really no idea and purpose of what to do. Well,
we can help with you with that because we can
(14:38):
look at your accounts. We can manage your accounts. We
can show a type of risk you're taking with your accounts.
Do you need income from them? We just want to
let it grow so we can diversify your portfolio and
diversification isn't just a buzzword. It's protection.
Speaker 2 (14:51):
You know.
Speaker 3 (14:51):
Spreading investments across asset classes like stocks, bonds, ETFs, real
estate helps reduce risk. I mean there's different types of
CDs or straight fixed innuities or index and uities, but
a well diversified portfolio can weather market volatility and keep
your long term goals on track. And Dad, we talk
about this the rule of one hundred. How much money
should you have them we call green money? How much
(15:11):
should you have in what they call red money and
yellow money. So we can show this to you when
you come in and meet with us, because you have
to understand number one, what you have, and then two
to answer the question why why are you investing in?
What we can do and we can show you how
to put together an investment plan exactly.
Speaker 2 (15:28):
And that's why we call it the Maggie Plan. It's
a simple and easy plan to understand. It's a tax plan,
it's an income plan, it's an investment plan. It's a
legacy plan. How many of you out there don't have
some of those plans. So the question we would ask
you is what is your plan? And if you don't
have a plan, then you know what, it's time to
get on the phone right now. Give us a call
(15:49):
eight three to three, Magie tax and let's set a
time and sit down. Because the easiest thing to do, Christopher,
most people out there is to sit down and talk
about it. Let's bring up what's the thing that keeps
you up at night. What do you want to fix
that you really think that can help you moving forward
without fear. And it's not about just investing in the
(16:09):
stock or the bond. You know, you know what the
market does. Everybody knows that it goes up, it goes down,
but over time is what you're looking for to make
this plan work. So there's a lot of things that
Chris talked about before, different strategies, and there's many concepts
that we want to educate you on. So give us
a call eight three to three. Maggie tax I have
operated standing by right now. We have offices in Tampa,
(16:31):
we have an office in Palm Harbor, we have an
office in Saint Pete. So there's no reason why you
can't meet with us. We could do it on the phone,
we could do it on a zoom call. But look,
it's up to you. You've got to take the time
to make this plan work for you. And like I
said before, if you do not have an income plan,
or a tax plan or an investment plan, I just
gave you the reason why you should give us a call.
(16:51):
Eight three to three MAGI tax.
Speaker 3 (16:53):
Absolutely, So time is your greatest ally. You know, start early,
stay consistent. Even if you're fifty in you don't have
a retirement plan and you think that you don't, maybe
you do. You know, you can't start over, but you
can start right now and compound growth rewards patients. You know,
even small regular amounts can grow significantly over time. The
earlier to start, the more flexibility and freedom that you
(17:14):
can gain later in life. So when we talk about diversification,
we talk about a purpose. We're talking about time. These
are things that factor in on how you should invest.
And many people want to hit it big, real quick.
But the people who are patient and the people who
consistently put money in and they allocate money efficiently are
the ones with the great discipline moving forward. So pick
(17:36):
up the phone, schedule a time to meet with us.
As my dad mentioned before, we have offices on both
sides of the bay to help you. Eight three three
Maggie Tax. Visit our website at Maggie tax dot com.
There's so much information right there at your fingertips. You know,
there's educational workshops that we do. As we talked about,
come meet with us. Let's have a conversation. Let's sit down,
go over your tax strategies, your investment strategies, your tax
(18:00):
and if you have one. If you don't, what about
your income plan. Many people have no estate planning, so
we can help you. You know you just heard now
that investment planning can turn uncertainty into opportunity and dreams
into reality. We can do that. But here's the truth.
The longer you wait, the harder it gets. The best
time to start was yesterday, but the next best time
(18:20):
is right now. Whether you're building wealth, securing your family future,
or chasing financial freedom, it starts with a conversation. Pick
up the phone, schedule time to meet with us. So
just don't think about it. Act call now, book your
appointment and meet with us. Let's build a plan that
works for you, because your future isn't waiting, and neither
should you. Eight three to three Maggie Tax. That's eight
three to three Maggie Tax.
Speaker 1 (18:43):
Stop funding Uncle Sam's retirement and start planning for your
own successful retirement. As we return to the Maggie Tax
Financial Show with your host Robert and Chris Maggie with
Maggie Tax and Wealth Advisors. For information on how you
can create a tax free retirement, call eight three three
Maggie Tax or visit Maggie Tax dot com. Now your
(19:05):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 3 (19:10):
Welcome back to the Maggie Tax and Financial Show where
your Money meets meaning. We just talked about how to
grow your wealth through smart investment planning, but now we
turn to something even more important, protecting that wealth for
people you love. Because true financial success isn't just about
what you build, It's about what you leave behind. Estate
planning is the bridge between your hard work and your legacy,
(19:34):
and without it, your assets could end up tangled in probate,
delayed and drained far from your future that you and
envision for your family. And you don't want that. So
today you want to start out and show you and
make sure that your home, your accounts, your business, everything
you work so hard for passes smoothly, privately and powerfully
to the next generation, because that's what you deserve. It's
(19:55):
not about just having millions of dollars and only the
wealthy can do that. Everybody can do that if you
just do the right planning. So let's talk about trusts
and wills and benefit sery designations and the tools that
turn planning into peace of mind. So this is more
than just paperwork. It's your legacy, and you know, let's
protect it together. And Dad, how many times do we
see people come in they got no plan, they got
(20:18):
piles of money, they come in all happy, Hey, this
is what I say. You look at my accounts, and
but again it's pretty much there's nothing under it to
protect it.
Speaker 2 (20:27):
Well, because no one took the time to educate them.
And think about it. You go to school to learn
and then you have to take a topic or a
subject and you get a test on it. And I
don't think anyone's ever you know, tested anybody on investment
planning or what we're talking about, you know, a state planning.
So let's kind of recap some of the things on
the investment plan that we talked about. Think about it.
(20:47):
You've built the wealth, now let's protect it. But the
other thing, like Chris is mentioning what do you do
with it? So a state planning, it's not just about money,
it's about meaning, what are you going to do with it?
How do you want it to pass your beneficiary? Is
I have a trust? Okay, anything happens to me, my
wife gets it. Anything apps to my wife and I
my two boys get it, and anything happens to them.
(21:07):
Guess where it passes down to the grandkids. So when
you think about that, is that the kind of plan
you have or you don't even know yet, so you
know it's basically an emotional hook. What happens to your
assets when you're gone? And Chris, this is where I
think people get I would say sidetracked. But when they
meet with an advisor, it's all about selling them something.
Think about it. They come in with their statement, they
(21:29):
give it to you know, a custodian, and they invest it.
But what happens after that? What do they do with it?
Do they keep it, do they lose it? And then
when they need money to then the big question when
you ask everybody this is always a funny question, how
much do you need every month coming in the front door.
When you ask that question, people go I don't know,
(21:50):
and that just bewilders me all the time because no
one that's a perfect point, Chris, No one talks about it.
Speaker 3 (21:56):
That's just it. And you know, I was listening to
you and you made a great question and to the
listener here and to me as well, listening what happens
when your assets went to your assets when you're gone?
Think about that. Let that digest for a minute. Do
you know? And if you know totally in confirmation, is
one hundred percent that you know where it's going to go,
(22:16):
then that's a great thing. But I bet you that
most listeners today have a doubt, they have questions in mind.
They don't know really where it's.
Speaker 2 (22:23):
Going to go.
Speaker 3 (22:24):
I'm talking about your bank accounts. I'm talking about your
form of case. I'm talking about your IRA, your roth IRA,
your brokenge account. Think about those accounts. What about the
savings accounts that you have? What about your house? So?
Speaker 2 (22:33):
What do you do?
Speaker 3 (22:33):
Why is the state planning so essential because you want
to avoid probate? What's probate? Probates the court system that's
who's going to make decisions on your state and doesn't
have to be that way. There's delays there's cost, there's
public exposure. My gosh, we have a piece in our
office on celebrities who went through probate. Oh my goodness,
when you sit there and look at what they went through,
(22:55):
millions and millions of dollars wasted and now we know
all about their We don't have to same thing for you.
You know, we want to ensure that assets pass to
your loved ones smoothly, not through havoc and fights and
time and delays. You know, we want to prevent family
disputes and confusion. My gosh, Dad, how many stories can
(23:16):
we talk about.
Speaker 2 (23:16):
With this, Well, too many to be honest with you,
and they're scary, and they're honest stories and they're real.
And let me also throw this out at you everyone
listening today. We do want a state planning seminar. We
do four a month. Just go to my website, Maggie
tax dot com. Click on seminars. You'll see the dates.
We hold them at libraries and we hold them either
at eleven o'clock or two o'clock in the afternoon. I
(23:38):
don't buy dinners because it's just not gonna help me
help you. I want you to come for the education.
Everything just Chris just mentioned here. It's amazing how many
people are sitting there saying, gee, I wish I would
have done that, Gee I wish I would have done that. Folks,
it's very easy, it's very cheap, and it's going to
save you thousands of dollars. So just go to my website,
Maggie tax dot com, click on seminars. You'll see all
(23:58):
the dates there every month. There's four times a month
right now, and we're probably going to do more because
it's so important. When Chris and I are talking about
and what we see every day, it's really sad that
you don't know about something simple enough to get a
will or a trust you know, or which one is better?
Even like if you have a home, I'll mention this
a quick claim deed or a lady bird deed. Why
(24:19):
am I mentioning that to avoid one thing? Chris, it's
called probate. How many clients do we see every day
they have you mentioned it before, millions of dollars in
their IRA four oh one K and they don't have
any of these documents. And you know how we find
out when the children come in and they say, you know, guys,
I can't get my money from my parents, it's going
through probate. Yeah, you think that's the reason. Why, So
(24:40):
do you want that to happen to you? And it's
the cheapest thing you could do?
Speaker 3 (24:44):
Absolutely, And you know when we hear those stories, we
just cringe and then we start looking into where they
came from. And then you come to find out that
mom and dad had their advisor for twenty twenty five
years and then you say they didn't talk to them
about this. Wow, they manage their money really great. But
guess what now you got probaate cost and time and money.
(25:06):
How do you go about doing that? And that's why
if you have an advisor now and that's not talking
about total estate planning and income planning and tax planning,
then I really raised the question that you should come
in and meet with us, because let's have a conversation.
If you're looking for a complete plan, we can help
eight three to three maggie tax. That's eight three to
three maggie tax. Well, let me hurt you a little
bit more. Okay, this is really important.
Speaker 2 (25:27):
How many of you have done a beneficiary change or
a benefit Have you checked your beneficiaries? Because what Chris
just mentioned when some people pass and then we look
at the beneficiary. Guess what, It's not what you thought
it was because you did this ten, fifteen, twenty years ago.
So I challenge all of you give us a call,
sit down with us. Eight three to three, Maggie Tax.
Let's review your documents to see if they're correct. Because
(25:50):
again here's another question. How many of you have or
have not a power of attorney on healthcare directives? What
happens if something happens to you and you need a
healthcare decision to be made, Who's gonna make it? Okay,
this is what we see every day, and this is
why we do the show because there's so many things
that you could do to make it better. You just
got to sit down, have a conversation, go over And
(26:12):
I said this before, what keeps you up at night?
So what if what keeps you up at night someone
passed away and then going through probate? Doesn't that bother you?
I think it should and I know it bothers me
when I see it all the time, and Chris and
I see it all the time. There's not that I
can do about it unless you want to do something
about it. Eight three three Maggie Tax and Chris, this
(26:32):
is so important when you talk about the things we're
talking about today, investment strategies, income planning, and now is
state planning. These are common things that you all should
be thinking of. So get the right time do it.
Speaker 3 (26:44):
Eight three three Maggie Tax message. Just get the Maggie planned.
Visit our website at Maggie tax dot com. That's m
A G G I T A X dot com. All
their informations right there. But I'll give a quick example.
I never forget this story. I've been this a business
over twenty years, and I tell you the second year
I was in this business, I came across a client
who had twenty thousand dollars to her name, but her
(27:06):
brother passed away who lived in California, and he had
two million dollars. So we met with our client and
we took care of her because it's not about how
much money you have, it's about the whole process. So
she came on in and she told us, you know,
her brother passed away, and we felt terrible for her.
And we found that this information that he had two
CDs with the same bank. One million dollars was with
(27:28):
one CD and the other million dollars, which is with
the other. But guess what. The one CD had proper
beneficiary designation where the other one did not. So the
million dollars went to her and avoided probate because it
was the right transfer, very quickly and efficiently. But the
other million it took eighteen months, eighteen months through probate.
He had attorney costs, he had fees, everyone knew about
(27:50):
his public record and everything. And guess what, the call
could have been avoided. So the same bank, we had
this all mess up because they didn't do the proper play.
So pick up the phone, schedule appointment today. Don't let
this happen to you. Eight three three magi tax. That's
eight three three magi tax.
Speaker 2 (28:08):
Let me make it simple. Your legacy starts now, and
think about it. You've worked hard, you've saved, you invested
and built a life worth protecting. But without a plan,
everything that you've built could be left to chance. That's
not a good plan. A state planning isn't just about
avoiding probriate. It's about making sure that your family doesn't
have to fight through red tape while grieving. That's the
(28:32):
worst time. It's about clarity, compassion, and control. So ask yourself,
if something happened tomorrow, would your loved ones know what
to do? Would your wife know what to do? Would
your children know what to do? Would your assets go
to where you intended? Would your legacy be protected? And
that's important? Okay, if you're not sure, it's time to
(28:53):
act eight three to three Maggie Tax call us today.
Let's build a plan that honors your life, protects your family,
and gives you peace of mind. Because your legacy deserves
more than hope. It deserves a strategy. And Chris, so
many times when we meet with people, we get through
an appointment, it's always like, what do you have? It's
not what we have, it's what would you like to do?
(29:16):
What is your planet? Why are you here to see
Chris and I today? And I think all of you
out there have to start asking that question. If you're
going to meet with the advisor, how can they help you?
What are they going to help you with? Just an investment? Folks,
that's not good. And that's why we're successful at what
we do on the Maggie Plan because we talk about taxes,
we talk about investments, we talk about social security, pensions.
(29:39):
We talk about wills, trust and everything else that goes
along with it. And you know what, if your advisor
is not doing that, shame on them. And one thing
Chris mentioned before, So what if you had an advisor
for twenty years, now go back and ask them why
they didn't finish the job.
Speaker 3 (29:53):
But that's it, and that's why it's so important, and
your future begins with one phone call. Pick up the phone,
schedule time to meet with us. Let's have a conversation.
We have office on both sides of the bay. But
when we do complete planning such as income planning and
your investment playing and planning and how it incorporates with
your taxes and how much youre going to pay at
tax and your legacy plan, you can see how this
all fits together. And that's why we call it the
(30:14):
Maggie Plan. Putting your puzzle pieces together, we can definitely
do it for you. It starts with a phone call
eight three to three Maggie Tax. That's eight three to
three Maggie Tax. And don't forget Tune in every Sunday
on ABC TV at ten thirty for the Maggie Tax
and Financial Show. Eight three three Maggie Tax. That's eight
three to three Maggie Tax.
Speaker 1 (30:38):
Stop funding Uncle Sam's retirement and start planning for your
own successful retirement as we return to the Maggie Tax
Financial Show with your host Robert and Chris Maggie with
Maggie Tax and Wealth Advisors. For information on how you
can create a tax free retirement, call eight three three
Maggie Tax or visit Maggie Tax dot com. Now your
(31:00):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 2 (31:07):
Welcome back to the Maggie Tax and Financial Show. My
name is Robert Maggie and I'm here with my son
Chris Maggie. So we've been talking about an awful lot
today and if you have questions or concerns, now is
the time to pick up the phone eight three to
three Maggie Tax, and don't forget. Every Sunday at ten
thirty on ABC TV, tune into the Maggie Tax and
Financial Show. We talk about a lot of things that
(31:28):
might help you out, So give us a call eight
three to three Maggie Tax, and think about it. You've
built the life, protected your legacy, and made sure you'll
love the ones won't be burdened by probate. We talked
about that before, but here's the question we really ask,
who's helping you connect all the dots? Because the state
planning is just one piece of the puzzle, and if
(31:49):
the rest of your financial life isn't aligned, even the
best plan can fall short. And here's the problem. The
problem too often is that people work with a tax
preparer in one corner and intment advisor in another, and
maybe in a state attorney somewhere down the line, but
no one's talking to each other. And that's how things
get messed up. That's how things get missed. Beneficiaries don't
(32:11):
match tax strategies, conflict with income plans, and opportunities slip
through the cracks. And that's the probably the biggest mistake
and the most common mistake most people make. So, Chris,
what's the solution to all this? How simple can it be?
Speaker 3 (32:25):
Well, that's so important, and that's why you need a
complete advisor, someone who sees the full picture your taxes,
your investments, your retirement income, and your a state plan
and brings it all together. And a complete advisor doesn't
just react to problems, they anticipate them. They build strategies
that work in harmony, not isolation, and that's what we
do here. We call it the Maggie Plan, and that's
(32:47):
why we want you to visit our website, Maggie tax
dot com, because we can put it all together. If
you ever felt like your financial life is a stack
of disconnected folders, do you ever think about that, Well,
it's time to change that. And that's why you can
just pick up the phone. It starts with you. Pick
up the phone, schedule time to meet with us. Let's
sit down and build a plan that's not just smart,
it's complete because your future doesn't deserve to have fragments.
(33:12):
It deserves a team that sees the whole view and mind.
And that's why we talk about complete planning. There's transactional
advisors out there, but then there's complete planners. And that's
why we set up our company this way because we
understand the tax side of things, the investment side, the
income planning, the estate planning, you know what about social
security and medicare planning. We can help it all this.
(33:32):
So we have the people in place in house, so
you don't have to go each and everywhere, and that's
why all you got to do is schedule appointment to
meet with us A three three Maggie tacks.
Speaker 2 (33:43):
You know, as you're talking about that, thing came to
my mind. I mean, you know how silly I could get.
But what I'm gonna do is make a puzzle. And
it's like a small puzzle, maybe an eight and a
half by eleven. And when clients come in, we're going
to give them the puzzle and see if they could
put it together. Maybe that might work.
Speaker 3 (33:59):
It's hard enough with them as it is, because many
people see all honesty, You've made a joke about it.
But you know, people come in and and they're confused
and they want help, right and they've been saying, I've
been wanting this for years, and I've listen to your
show for a long time, and you know, it hit
me a lot of times, and I want to do this.
And I asked them why haven't they done it? And
they said, well, time, you know, I just haven't gotten
(34:20):
to it, or you know, I've been looking in but
I haven't found h This is a lot of different reasons,
but now is a time. The time is now. You
can't start over, but you can start right now.
Speaker 2 (34:28):
And that's why we call it the Maggie Plan. It's
simple and easy to understand, and it's even easy if
we put the puzzle together for you. So eight three
three Maggie tax. This is on you, folks, It's on you.
All you got to do is pick up the phone, call,
spend some time, make an hour an appointment with us.
Let's go over the problems that you have. And like
I said before, what keeps you up at night? Is
it a state planning? Is it you had? Do you
(34:50):
have it in order? Do you have a will or trust?
Is it correct? Do you have a beneficiaryform? Is it correct?
Is it updated? We talk about the risk of you know,
maybe sometimes I think people get the wrong advice, Chris,
and I understand that, you know, they go to one
advisor and they get another one. But you know, many
people work with separate professionals, maybe a CPA, a financial advisor,
(35:11):
and then a state planning attorney, and if they're not communicating,
which I mentioned before, critical details get missed. And Chris,
we've talked about this where we have a tax client
done the tax return and it was done incorrectly, and
then they go to a CPA and the CPA gives
some different advice. Wow, how I mean? It's confusing?
Speaker 3 (35:30):
So you're talking about like fragmented advice, all right? Is
that we're talking about the risk of that. And many
people work with separate professionals. As you just mentioned, they're
not communicating together. For you, critical details get missed, leading
into tax inefficiencies, probate surprises, even lost opportunities, poor tax decisions,
outdated beneficiary designation. So what is a complete advisor? What
(35:51):
do they do?
Speaker 2 (35:52):
They do complete planning. They do everything from tax planning,
from income planning, from an investment planning, from a state
planning to wills and trust. Even took kids for the
for college.
Speaker 3 (36:03):
That's right. They build strategies that work together. That's not
in isolation exactly. And if you don't have a strategy,
you're not going to win. Here's another thing.
Speaker 2 (36:11):
If you don't have a plan, or if you're going
to be traveling and you don't have a roadmap, where
are you going to go?
Speaker 3 (36:15):
It doesn't make sense exactly. And it leads us to
an example that I'm talking about here. We had a
client that had a great investment plan when they first
met with us, but guess what, there was no estate strategy.
Their assets were tied up in probate for over a year,
and we went through this with the client and we said,
oh my gosh, I wish we would have got to
you sooner to help you avoid all this. So don't
settle for fragmented advice. Call us today a three to
(36:36):
three MAGI attacks meet with a complete advisor who sees
the whole picture.
Speaker 2 (36:42):
I mean, it's it's simple to talk about, but it's
a confusing issue for everybody. And if you've ever felt
like your financial life is scattered across spreadsheets, statements and
separate advisors, and we have clients come in with statements
they've never opened over there, So think about this. You
spent your life working hard, saving wisely, and planning carefully,
but without someone who sees the full picture your taxes,
(37:05):
your investments, your income, and your legacy, your plan could
be missing the most important piece. A complete advisor doesn't
just help you grow your wealth, they help you protect it,
preserve it, and pass it on with purpose. You have
to have a purpose with what you're doing. This isn't
about having more meetings, it's about having the right one.
(37:25):
If you've ever felt like your financial life is scattered
across spreadsheets, statements and separate advisors. It's time to bring
it all together. Call us today, sit down with a
team that understands every layer of your financial future. Because
peace of mind doesn't come from hoping it all works out.
That is not a plan. It comes from knowing it will.
(37:46):
That's the Maggie Plan, simple and easy to understand. Tax plan,
income planning, estate planning, all types of planning. And let's
complete your plan. And it starts with one powerful conversation
eight three three Maggie Tax.
Speaker 1 (38:02):
Thank you for listening to Maggie Tax and Financial Show
with Robert and Chris Maggie of Maggie Tax Wealth Advisors.
Listen here five to six pm every Saturday and from
eleven am till noon every Sunday, or anytime on the
free iHeartRadio app. And remember you can pay less tax
with Maggie Tax Program. Content provided by Maggie Tax Wealth
(38:22):
and Advisors. Call them at eight three three Maggie Tax
or visit them online at Maggietax dot com
All these years you've saved up planning for a secure retirement,
but if you're not careful, it will be the irs
that is living it up when you retire by taxing
your hard earned money. Welcome to the Maggie Tax and
Financial Show with Robert and Chris Maggie of Maggie Tax
and Wealth Advisors. With over four decades of combined experience
and tax savings, income planning, and investment opportunities, Robert and
(00:22):
Chris share advice and tax planning strategies designed to protect
your retirement next day from Uncle Sam. Call them at
eight three three Maggie Tax or online at Maggie Tax
dot com. And now your host for the Maggie Tax
and Financial Show, Robert and Chris Maggie.
Speaker 2 (00:41):
Welcome to the Maggie Tax and Financial Show, where your
money meets mastery. I'm Bobby Maggie, and every week we
dive deep into the dollars and cents behind your financial future.
Whether you're a business owner, a working professional, or just
trying to make sense of your taxes. This is your
front row seat to clarity, strategy and financial environment. So
(01:02):
from tax tips that save you thousands to financial insights
that build your legacy. We're not just talking numbers, We're
changing lives. So buckle up because today's episode is packed
with powerful tools, expert advice, and maybe even a few surprises.
So Chris, let's unlock your financial potential with these folks
right here, right now today.
Speaker 3 (01:23):
Well, I say welcome everyone. I'm Chris Maggie, and thank
you so much for tuning into the Magi Tax and
Financial Show and glad to be here as always because
there's so much information that we want to share with you.
Visit our website at Maggie tax dot com. That's m
A G G I T a X dot com, Maggie
tax dot com. And don't forget every Sunday on ABC TV,
tune into our show right on TV ten thirty am
(01:44):
for The Maggie Tax and Financial Show. So we do
tax planning, income planning, investment planning, and state planning, so
security maximization planning, we do complete planning. Is the bottom line.
That's all you really want to understand is that you
want to work with an advisor who looks at everything
you know. If you're getting income, you want to make
sure they get income on the most tax efficient way.
If you have investments. You want to make sure that
(02:05):
you're paying leaves mountain taxes. So that's what we do.
Telephone numbers eight three three mag attacks, pick up the phone,
schedule time to meet with us anytime.
Speaker 2 (02:13):
So a couple things right now, The power of purposeful
income planning. I think a lot of folks get confused
about income planning. So we're going to talk about why
income planning isn't just for retirees. It's for everyone listening
to today's show, whether you're young, or middle aged or retired,
you have to start thinking about income planning. How aligning
income with life goals creates financial clarity. Again, many people
(02:36):
don't think about, you know, longevity about you know, you're
in your forties. I'm older obviously, But if you start
young and you start putting a plan together, that's what
income planning is about. And I want to talk about
common myths that hold people back from planning effectively. I
don't have time, I'm not making enough money. You know, Chris,
you talk about this all the time. And when you
were younger, and I know when I was younger, I
(02:57):
used to cut grass, I used to you know, shovel snow,
and I used to get twenty bucks or twenty five dollars,
and my dad would say, you've got to put and
you've got to put something away. Take five dollars, put
it away, ten dollars, put it away, and just put
it away and forget about it like you never got it.
And I think the mistake that people make is that
they spend. They spend, they spend. And now, as you
(03:18):
and I know, I've been doing this for over thirty years,
how many people we see that do not plan for
retirement and are not ready to retire where they think
they got a work pissed a certain age because they
just didn't plan. And I think, Chris, for you, you're
a young guy, and for young people out there, you
have to start somewhere well.
Speaker 3 (03:35):
As just said, so you know when you're discipline and
I know, life happens, right, you have kids, you have
a job, people, a lot of people are moving jobs
and they have old form one CA's which you need
to roll these old form on cas new ira and
we can show you how to do that. So if
you have a a couple of different old form one
case we can show you. But in complaining is start
thinking about your own paychecks and play checks. That's the
(03:55):
biggest thing. And that's some of the myths that people have.
Would you just say, you know, you have to keep
up with some of the expenses, and you have to
pay a mortgage and our car payment, and life happens.
I get it. But if you could just understand, if
you're early enough and you're young enough, put money away consistently.
You know, you try to live off of one person's income,
but if that doesn't happen, but then you need to
(04:16):
live off of both. But you still can try to
find to put money away in a bucket because it's
you need to create your own income plan in the future.
And if you're about to retire or you're retired, and
if you have these buckets that are just piles of money,
you need to turn it into an income stream. So
the power is so important with your future income and
you need to have a purpose to do it. And
(04:38):
while you're saving, put that money away. But when you
have the buckets, let's create an income stream.
Speaker 2 (04:44):
And one thing that I would use, it's a habit,
and it's a habit that you have to do, Like
you brush your teeth every day, you take a shower.
That's a habit. It's the same thing with saving, Chris,
I mean your daughter and your son. Give an example,
my granddaughter or your daughter seven years old, and I
said to her yesterday, what do you do when you
get money? She says, I put it in my piggy bank.
(05:05):
I said, what does your brother do? Oh, he spends
it on baseball cards? I said, does he save? She says, no,
not exactly. So there's a perfect example. And this is
coming from your kids. This is the truth. Your Your
daughter's a she's a thrill. I mean, she's I save it.
She said, that goes in my piggy bank. So what
what what example does that set? You know?
Speaker 3 (05:22):
Well, that's just it the discipline. You know she's seven, right,
but that's just her mentality. She doesn't want to want
to spend it. She keeps it. But you got my
son who wants to spend on everything he's got.
Speaker 2 (05:33):
So what do you do?
Speaker 3 (05:34):
You have to have a discipline approach, right, And that's
why when you're early on, try to save as much
as you can. But when you're at the point you
need to create income buckets.
Speaker 2 (05:43):
Well stay with that for a second, because people don't
know how much to save that's a big question you
and I get all the time. And if you use
your age minus one hundred, where you can start putting
money into safe investments or even part into a savings account,
and then as you get older and time goes on,
you could start bumping that up and then it becomes
a lot of money.
Speaker 3 (06:03):
That's right, you know, in time, time is great when
you have the value of time and the interest rates
and a compounding interest. We can show you how to
create those buckets and invest those buckets. So diversifying income
streams and building financial resilience is as important as putting
money away. You know, you want to explore active income
sources and also passive income sources. Do you have rental properties,
(06:25):
do you have interest dividends or your investments giving you
the income you want? Or is it from social security
or a pension. These are things that we have to
talk about. So when you come in to meet with us,
we can put together an income plan for you. You know,
what about what about side hustles or you know, putting
money getting money from side investments. It could be maybe
your own contractor or a part time job. You know,
(06:48):
these are the things that we're talking about. But there
are real life examples of diversified income strategies that work.
People are living off of their income streams. They are
buckets of money that are generating income. So if you
have questions and want to know how to do that
for yourself, pick up the phone, schedule time to meet
with us. Let's get together. Eight three three Maggie tax.
Let's talk about income. What about tax efficient income strategies?
Speaker 2 (07:11):
Well, good point. There the biggest problem I see, you
know a question we get how to structure income to
minimize tax liability. It's pretty simple. The more money you make,
the more tax you're going to pay. But every year
I hear the same thing and they tell Chris and
I I'm paying too much in taxes, and the truth
is you're not paying enough in taxes. And right now
we all know that Trump tax cuts were extended, which
(07:33):
is a good thing. So when you come in and
meet with us, we can explain to you how it's
going to benefit you not hurt you. And I think
that's going to be It's a big question. It's a
big question on everybody's mind. So you know, once you
understand what you make and what you have to pay
in taxes and the deductions. You might be surprised because
you might not pay as much tax as you think
you're going to.
Speaker 3 (07:51):
Well, let's just sit too, and let's add on that.
Because the people get income, we meet with clients and
we do reviews. They get any income, but a lot
of them are the most tax efficient way. But then
we see new clients come in and they're getting income
and paying a lot in tax, and then their sole
securities getting taxes as much as eighty five percent. They're
not really sure how to way is to reduce it.
That's why tax efficient income strategies are so important, and
(08:14):
the role of your retirement accounts and capital gains tax
and tax brackets. You know, these are things that you
have to be aware of. And if you're working with
an advisor who's not even talking about tax efficient income,
then you need to do something about it because you're
going to be paying more in tax. You're leaving money
on the table that's going to Uncle Sam, that should
be going to you and your family. And I was
(08:35):
giving an example at a client that came in last week.
Perfect example. They would take it out ten thousand dollars
from their IRA account and the broker said, go ahead
and do that. Meanwhile, if they took the ten thousand
from the non IRA account, they'll pay no tax. The
solid security wouldn't got taxed. But now the broker advised
them to take it from a different distribution source and
it caused more tax, and the solid security got tax
(08:57):
on top of it. And that's where it's so important
to make sure you have tax efficient strategies. And that's
what we can help you with.
Speaker 2 (09:03):
Well, go back to one thing. We talk about retirement accounts.
Right now, the biggest question people ask is the rmds
and how much they have to take out, you know,
what capital gains they have on their retirement accounts. These
are all questions that you have that you need to
call us right now. Income planning for retirement turn your
assets into paychecks. Turn your assets into paychecks. And the
(09:24):
only reason why I say that twice is because you
probably don't know how to do that, how to transition
from earning to withdrawing. You know, you work all your life,
you save, but then you have to know how to
withdraw that money, and like Christen, in the most tax
efficient way. You know, there are strategies for sustainable withdrawals.
The rule was four percent rule, you know, take four
percent out, four percent out, but that's changed. What we
(09:45):
do is we do bucket planning. And bucket planning is
a lot easier to understand than just withdrawing and deleting
that account. So social security, we talk about pensions and annuities.
What to know and how to plan. These are questions
that you should have and you should be able to
commit in talk to us eight three to three Maggie
techs sit down and do income planning with us, and
some investment planning and again retirement planning. That's what we're
(10:07):
talking about today. So you have, you know, a purposeful
reason for income planning and retirement planning.
Speaker 3 (10:13):
Absolutely, and that's a wrap on incomplainning. But don't get
too comfortable because next time we're going to dive into
the world of investment plan that's we're going to lead
into next segment. You know, where your money doesn't just sit,
it works and it works hard. So we'll break down
smart strategies on cover hidden opportunities and show you how
to build a portfolio that's built to last, whether you're
just starting out or ready to level up. So stay
(10:36):
tuned stay sharp and get ready because the Maggie Tax
Advisory Show is right here and your future is on
the move. Give us call a three to three Maggie Tax.
Speaker 1 (10:49):
Stop funding Uncle Sam's retirement and start planning for your
own successful retirement. As we return to the Maggie Tax
Financial Show with your host Robert and Chris Maggie with
Meaggie Tax and Wealth Advisors. For information on how you
can create a tax free retirement, call eight three three
Maggie Tax, or visit Maggie Tax dot com. Now you're
(11:11):
host with Maggie Tax and Wealth Advisors Robert and Chris Maggie.
Speaker 2 (11:16):
Welcome back to the Maggie Tax and Financial Show. Today
we're talking about investment planning, but not just in terms
of charts and returns. We're talking about investing in your future,
in your family and your freedom, and that's what you
all should be thinking about. I'll never forget one client,
a single mom working two jobs, just trying to make
ends meet, and she didn't think investing was for her.
(11:38):
But we started small, like I said before, with a
plan built around her goals. Five years later, she had
enough saved to buy her first home and start a
college fund. For her daughter and she cried. She cried
in my office when we told her, well, she told
me actually not because of the money, but because she
finally felt secure and she finally felt hope. And that's
(12:01):
what all of you might be feeling right now. But
it can be done. That's what investment planning is really about.
It's not just about wealth. It's about possibility. And today
we're going to explore how you can take control of
your financial future, one smart decision at a time. And Chris,
I think what the problem is that most people feel
they got to do it all at once and they
(12:21):
don't realize that. Think about it. We all grew up
as a baby. Okay, we didn't just jump into college.
You know, we didn't run. We crawled and then we walked,
and then we ran and then life goes on. It's
the same thing with you know, investing for your retirement
for life. Isn't that correct?
Speaker 3 (12:39):
Absolutely? And that's why you have to define your purpose
before you start with different products, and investment planning is key.
And my dad said said it, well, it's about possibility,
and investment planning starts with the question or the word
why why are you saving for retirement? Why are you
saving for a child's education, Why are you saving for
(12:59):
a financial independence? These are things that we need to
understand what your goals are.
Speaker 2 (13:04):
Right.
Speaker 3 (13:05):
Knowing your goals help determine your risk tolerance, your time horizon,
as well as the right mix of assets to choose from.
So at our firm, we do complete planning and as
a registered investment advisory firm, we have a plethora of
strategies and investments that we can help you. Whether it's safety,
whether it's for growth, whether it's for inflation, whether it's
for a lot of dividend producing, whatever it is, we
(13:27):
can help you. We just need to understand what you're
looking for.
Speaker 2 (13:29):
You know, it reminds me when I was younger, and
many many people out there I might remember what I'm
going to talk about, but I used to save for
a Christmas club because I'd save, you know, five dollars
a week or ten you could do twenty and probably
many of you shaking your head. But at the end,
by October November, I used to get a check from
the bank for five hundred dollars or one thousand dollars
(13:50):
to buy Christmas presents. And that's how I learned how
to shop, but I also learned how to save. But
here's the thing, you know, what is your risk level
when you do that? How do you invest money to
make money not to lose money? Because many people just think,
you know, it's the best stock, it's the best bond.
That's not the case. It's investment planning and risk tolerance.
Chris and you talk about risk all the time, and
(14:11):
this is for everybody, young and old. You can take
some risk when you're young, you can take less risk
when you're older.
Speaker 3 (14:18):
And that's the thing. You want to meet with an
advisor who can determine your risk. And if you don't know,
then we can help. So pick up the phone, schedule
time to meet with us. Let's talk about your investment plan.
Whether you're working, you put money away, whether you're retired
and you just really just have piles of money, there's
really no idea and purpose of what to do. Well,
we can help with you with that because we can
(14:38):
look at your accounts. We can manage your accounts. We
can show a type of risk you're taking with your accounts.
Do you need income from them? We just want to
let it grow so we can diversify your portfolio and
diversification isn't just a buzzword. It's protection.
Speaker 2 (14:51):
You know.
Speaker 3 (14:51):
Spreading investments across asset classes like stocks, bonds, ETFs, real
estate helps reduce risk. I mean there's different types of
CDs or straight fixed innuities or index and uities, but
a well diversified portfolio can weather market volatility and keep
your long term goals on track. And Dad, we talk
about this the rule of one hundred. How much money
should you have them we call green money? How much
(15:11):
should you have in what they call red money and
yellow money. So we can show this to you when
you come in and meet with us, because you have
to understand number one, what you have, and then two
to answer the question why why are you investing in?
What we can do and we can show you how
to put together an investment plan exactly.
Speaker 2 (15:28):
And that's why we call it the Maggie Plan. It's
a simple and easy plan to understand. It's a tax plan,
it's an income plan, it's an investment plan. It's a
legacy plan. How many of you out there don't have
some of those plans. So the question we would ask
you is what is your plan? And if you don't
have a plan, then you know what, it's time to
get on the phone right now. Give us a call
(15:49):
eight three to three, Magie tax and let's set a
time and sit down. Because the easiest thing to do, Christopher,
most people out there is to sit down and talk
about it. Let's bring up what's the thing that keeps
you up at night. What do you want to fix
that you really think that can help you moving forward
without fear. And it's not about just investing in the
(16:09):
stock or the bond. You know, you know what the
market does. Everybody knows that it goes up, it goes down,
but over time is what you're looking for to make
this plan work. So there's a lot of things that
Chris talked about before, different strategies, and there's many concepts
that we want to educate you on. So give us
a call eight three to three. Maggie tax I have
operated standing by right now. We have offices in Tampa,
(16:31):
we have an office in Palm Harbor, we have an
office in Saint Pete. So there's no reason why you
can't meet with us. We could do it on the phone,
we could do it on a zoom call. But look,
it's up to you. You've got to take the time
to make this plan work for you. And like I
said before, if you do not have an income plan,
or a tax plan or an investment plan, I just
gave you the reason why you should give us a call.
(16:51):
Eight three to three MAGI tax.
Speaker 3 (16:53):
Absolutely, So time is your greatest ally. You know, start early,
stay consistent. Even if you're fifty in you don't have
a retirement plan and you think that you don't, maybe
you do. You know, you can't start over, but you
can start right now and compound growth rewards patients. You know,
even small regular amounts can grow significantly over time. The
earlier to start, the more flexibility and freedom that you
(17:14):
can gain later in life. So when we talk about diversification,
we talk about a purpose. We're talking about time. These
are things that factor in on how you should invest.
And many people want to hit it big, real quick.
But the people who are patient and the people who
consistently put money in and they allocate money efficiently are
the ones with the great discipline moving forward. So pick
(17:36):
up the phone, schedule a time to meet with us.
As my dad mentioned before, we have offices on both
sides of the bay to help you. Eight three three
Maggie Tax. Visit our website at Maggie tax dot com.
There's so much information right there at your fingertips. You know,
there's educational workshops that we do. As we talked about,
come meet with us. Let's have a conversation. Let's sit down,
go over your tax strategies, your investment strategies, your tax
(18:00):
and if you have one. If you don't, what about
your income plan. Many people have no estate planning, so
we can help you. You know you just heard now
that investment planning can turn uncertainty into opportunity and dreams
into reality. We can do that. But here's the truth.
The longer you wait, the harder it gets. The best
time to start was yesterday, but the next best time
(18:20):
is right now. Whether you're building wealth, securing your family future,
or chasing financial freedom, it starts with a conversation. Pick
up the phone, schedule time to meet with us. So
just don't think about it. Act call now, book your
appointment and meet with us. Let's build a plan that
works for you, because your future isn't waiting, and neither
should you. Eight three to three Maggie Tax. That's eight
three to three Maggie Tax.
Speaker 1 (18:43):
Stop funding Uncle Sam's retirement and start planning for your
own successful retirement. As we return to the Maggie Tax
Financial Show with your host Robert and Chris Maggie with
Maggie Tax and Wealth Advisors. For information on how you
can create a tax free retirement, call eight three three
Maggie Tax or visit Maggie Tax dot com. Now your
(19:05):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 3 (19:10):
Welcome back to the Maggie Tax and Financial Show where
your Money meets meaning. We just talked about how to
grow your wealth through smart investment planning, but now we
turn to something even more important, protecting that wealth for
people you love. Because true financial success isn't just about
what you build, It's about what you leave behind. Estate
planning is the bridge between your hard work and your legacy,
(19:34):
and without it, your assets could end up tangled in probate,
delayed and drained far from your future that you and
envision for your family. And you don't want that. So
today you want to start out and show you and
make sure that your home, your accounts, your business, everything
you work so hard for passes smoothly, privately and powerfully
to the next generation, because that's what you deserve. It's
(19:55):
not about just having millions of dollars and only the
wealthy can do that. Everybody can do that if you
just do the right planning. So let's talk about trusts
and wills and benefit sery designations and the tools that
turn planning into peace of mind. So this is more
than just paperwork. It's your legacy, and you know, let's
protect it together. And Dad, how many times do we
see people come in they got no plan, they got
(20:18):
piles of money, they come in all happy, Hey, this
is what I say. You look at my accounts, and
but again it's pretty much there's nothing under it to
protect it.
Speaker 2 (20:27):
Well, because no one took the time to educate them.
And think about it. You go to school to learn
and then you have to take a topic or a
subject and you get a test on it. And I
don't think anyone's ever you know, tested anybody on investment
planning or what we're talking about, you know, a state planning.
So let's kind of recap some of the things on
the investment plan that we talked about. Think about it.
(20:47):
You've built the wealth, now let's protect it. But the
other thing, like Chris is mentioning what do you do
with it? So a state planning, it's not just about money,
it's about meaning, what are you going to do with it?
How do you want it to pass your beneficiary? Is
I have a trust? Okay, anything happens to me, my
wife gets it. Anything apps to my wife and I
my two boys get it, and anything happens to them.
(21:07):
Guess where it passes down to the grandkids. So when
you think about that, is that the kind of plan
you have or you don't even know yet, so you
know it's basically an emotional hook. What happens to your
assets when you're gone? And Chris, this is where I
think people get I would say sidetracked. But when they
meet with an advisor, it's all about selling them something.
Think about it. They come in with their statement, they
(21:29):
give it to you know, a custodian, and they invest it.
But what happens after that? What do they do with it?
Do they keep it, do they lose it? And then
when they need money to then the big question when
you ask everybody this is always a funny question, how
much do you need every month coming in the front door.
When you ask that question, people go I don't know,
(21:50):
and that just bewilders me all the time because no
one that's a perfect point, Chris, No one talks about it.
Speaker 3 (21:56):
That's just it. And you know, I was listening to
you and you made a great question and to the
listener here and to me as well, listening what happens
when your assets went to your assets when you're gone?
Think about that. Let that digest for a minute. Do
you know? And if you know totally in confirmation, is
one hundred percent that you know where it's going to go,
(22:16):
then that's a great thing. But I bet you that
most listeners today have a doubt, they have questions in mind.
They don't know really where it's.
Speaker 2 (22:23):
Going to go.
Speaker 3 (22:24):
I'm talking about your bank accounts. I'm talking about your
form of case. I'm talking about your IRA, your roth IRA,
your brokenge account. Think about those accounts. What about the
savings accounts that you have? What about your house? So?
Speaker 2 (22:33):
What do you do?
Speaker 3 (22:33):
Why is the state planning so essential because you want
to avoid probate? What's probate? Probates the court system that's
who's going to make decisions on your state and doesn't
have to be that way. There's delays there's cost, there's
public exposure. My gosh, we have a piece in our
office on celebrities who went through probate. Oh my goodness,
when you sit there and look at what they went through,
(22:55):
millions and millions of dollars wasted and now we know
all about their We don't have to same thing for you.
You know, we want to ensure that assets pass to
your loved ones smoothly, not through havoc and fights and
time and delays. You know, we want to prevent family
disputes and confusion. My gosh, Dad, how many stories can
(23:16):
we talk about.
Speaker 2 (23:16):
With this, Well, too many to be honest with you,
and they're scary, and they're honest stories and they're real.
And let me also throw this out at you everyone
listening today. We do want a state planning seminar. We
do four a month. Just go to my website, Maggie
tax dot com. Click on seminars. You'll see the dates.
We hold them at libraries and we hold them either
at eleven o'clock or two o'clock in the afternoon. I
(23:38):
don't buy dinners because it's just not gonna help me
help you. I want you to come for the education.
Everything just Chris just mentioned here. It's amazing how many
people are sitting there saying, gee, I wish I would
have done that, Gee I wish I would have done that. Folks,
it's very easy, it's very cheap, and it's going to
save you thousands of dollars. So just go to my website,
Maggie tax dot com, click on seminars. You'll see all
(23:58):
the dates there every month. There's four times a month
right now, and we're probably going to do more because
it's so important. When Chris and I are talking about
and what we see every day, it's really sad that
you don't know about something simple enough to get a
will or a trust you know, or which one is better?
Even like if you have a home, I'll mention this
a quick claim deed or a lady bird deed. Why
(24:19):
am I mentioning that to avoid one thing? Chris, it's
called probate. How many clients do we see every day
they have you mentioned it before, millions of dollars in
their IRA four oh one K and they don't have
any of these documents. And you know how we find
out when the children come in and they say, you know, guys,
I can't get my money from my parents, it's going
through probate. Yeah, you think that's the reason. Why, So
(24:40):
do you want that to happen to you? And it's
the cheapest thing you could do?
Speaker 3 (24:44):
Absolutely, And you know when we hear those stories, we
just cringe and then we start looking into where they
came from. And then you come to find out that
mom and dad had their advisor for twenty twenty five
years and then you say they didn't talk to them
about this. Wow, they manage their money really great. But
guess what now you got probaate cost and time and money.
(25:06):
How do you go about doing that? And that's why
if you have an advisor now and that's not talking
about total estate planning and income planning and tax planning,
then I really raised the question that you should come
in and meet with us, because let's have a conversation.
If you're looking for a complete plan, we can help
eight three to three maggie tax. That's eight three to
three maggie tax. Well, let me hurt you a little
bit more. Okay, this is really important.
Speaker 2 (25:27):
How many of you have done a beneficiary change or
a benefit Have you checked your beneficiaries? Because what Chris
just mentioned when some people pass and then we look
at the beneficiary. Guess what, It's not what you thought
it was because you did this ten, fifteen, twenty years ago.
So I challenge all of you give us a call,
sit down with us. Eight three to three, Maggie Tax.
Let's review your documents to see if they're correct. Because
(25:50):
again here's another question. How many of you have or
have not a power of attorney on healthcare directives? What
happens if something happens to you and you need a
healthcare decision to be made, Who's gonna make it? Okay,
this is what we see every day, and this is
why we do the show because there's so many things
that you could do to make it better. You just
got to sit down, have a conversation, go over And
(26:12):
I said this before, what keeps you up at night?
So what if what keeps you up at night someone
passed away and then going through probate? Doesn't that bother you?
I think it should and I know it bothers me
when I see it all the time, and Chris and
I see it all the time. There's not that I
can do about it unless you want to do something
about it. Eight three three Maggie Tax and Chris, this
(26:32):
is so important when you talk about the things we're
talking about today, investment strategies, income planning, and now is
state planning. These are common things that you all should
be thinking of. So get the right time do it.
Speaker 3 (26:44):
Eight three three Maggie Tax message. Just get the Maggie planned.
Visit our website at Maggie tax dot com. That's m
A G G I T A X dot com. All
their informations right there. But I'll give a quick example.
I never forget this story. I've been this a business
over twenty years, and I tell you the second year
I was in this business, I came across a client
who had twenty thousand dollars to her name, but her
(27:06):
brother passed away who lived in California, and he had
two million dollars. So we met with our client and
we took care of her because it's not about how
much money you have, it's about the whole process. So
she came on in and she told us, you know,
her brother passed away, and we felt terrible for her.
And we found that this information that he had two
CDs with the same bank. One million dollars was with
(27:28):
one CD and the other million dollars, which is with
the other. But guess what. The one CD had proper
beneficiary designation where the other one did not. So the
million dollars went to her and avoided probate because it
was the right transfer, very quickly and efficiently. But the
other million it took eighteen months, eighteen months through probate.
He had attorney costs, he had fees, everyone knew about
(27:50):
his public record and everything. And guess what, the call
could have been avoided. So the same bank, we had
this all mess up because they didn't do the proper play.
So pick up the phone, schedule appointment today. Don't let
this happen to you. Eight three three magi tax. That's
eight three three magi tax.
Speaker 2 (28:08):
Let me make it simple. Your legacy starts now, and
think about it. You've worked hard, you've saved, you invested
and built a life worth protecting. But without a plan,
everything that you've built could be left to chance. That's
not a good plan. A state planning isn't just about
avoiding probriate. It's about making sure that your family doesn't
have to fight through red tape while grieving. That's the
(28:32):
worst time. It's about clarity, compassion, and control. So ask yourself,
if something happened tomorrow, would your loved ones know what
to do? Would your wife know what to do? Would
your children know what to do? Would your assets go
to where you intended? Would your legacy be protected? And
that's important? Okay, if you're not sure, it's time to
(28:53):
act eight three to three Maggie Tax call us today.
Let's build a plan that honors your life, protects your family,
and gives you peace of mind. Because your legacy deserves
more than hope. It deserves a strategy. And Chris, so
many times when we meet with people, we get through
an appointment, it's always like, what do you have? It's
not what we have, it's what would you like to do?
(29:16):
What is your planet? Why are you here to see
Chris and I today? And I think all of you
out there have to start asking that question. If you're
going to meet with the advisor, how can they help you?
What are they going to help you with? Just an investment? Folks,
that's not good. And that's why we're successful at what
we do on the Maggie Plan because we talk about taxes,
we talk about investments, we talk about social security, pensions.
(29:39):
We talk about wills, trust and everything else that goes
along with it. And you know what, if your advisor
is not doing that, shame on them. And one thing
Chris mentioned before, So what if you had an advisor
for twenty years, now go back and ask them why
they didn't finish the job.
Speaker 3 (29:53):
But that's it, and that's why it's so important, and
your future begins with one phone call. Pick up the phone,
schedule time to meet with us. Let's have a conversation.
We have office on both sides of the bay. But
when we do complete planning such as income planning and
your investment playing and planning and how it incorporates with
your taxes and how much youre going to pay at
tax and your legacy plan, you can see how this
all fits together. And that's why we call it the
(30:14):
Maggie Plan. Putting your puzzle pieces together, we can definitely
do it for you. It starts with a phone call
eight three to three Maggie Tax. That's eight three to
three Maggie Tax. And don't forget Tune in every Sunday
on ABC TV at ten thirty for the Maggie Tax
and Financial Show. Eight three three Maggie Tax. That's eight
three to three Maggie Tax.
Speaker 1 (30:38):
Stop funding Uncle Sam's retirement and start planning for your
own successful retirement as we return to the Maggie Tax
Financial Show with your host Robert and Chris Maggie with
Maggie Tax and Wealth Advisors. For information on how you
can create a tax free retirement, call eight three three
Maggie Tax or visit Maggie Tax dot com. Now your
(31:00):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 2 (31:07):
Welcome back to the Maggie Tax and Financial Show. My
name is Robert Maggie and I'm here with my son
Chris Maggie. So we've been talking about an awful lot
today and if you have questions or concerns, now is
the time to pick up the phone eight three to
three Maggie Tax, and don't forget. Every Sunday at ten
thirty on ABC TV, tune into the Maggie Tax and
Financial Show. We talk about a lot of things that
(31:28):
might help you out, So give us a call eight
three to three Maggie Tax, and think about it. You've
built the life, protected your legacy, and made sure you'll
love the ones won't be burdened by probate. We talked
about that before, but here's the question we really ask,
who's helping you connect all the dots? Because the state
planning is just one piece of the puzzle, and if
(31:49):
the rest of your financial life isn't aligned, even the
best plan can fall short. And here's the problem. The
problem too often is that people work with a tax
preparer in one corner and intment advisor in another, and
maybe in a state attorney somewhere down the line, but
no one's talking to each other. And that's how things
get messed up. That's how things get missed. Beneficiaries don't
(32:11):
match tax strategies, conflict with income plans, and opportunities slip
through the cracks. And that's the probably the biggest mistake
and the most common mistake most people make. So, Chris,
what's the solution to all this? How simple can it be?
Speaker 3 (32:25):
Well, that's so important, and that's why you need a
complete advisor, someone who sees the full picture your taxes,
your investments, your retirement income, and your a state plan
and brings it all together. And a complete advisor doesn't
just react to problems, they anticipate them. They build strategies
that work in harmony, not isolation, and that's what we
do here. We call it the Maggie Plan, and that's
(32:47):
why we want you to visit our website, Maggie tax
dot com, because we can put it all together. If
you ever felt like your financial life is a stack
of disconnected folders, do you ever think about that, Well,
it's time to change that. And that's why you can
just pick up the phone. It starts with you. Pick
up the phone, schedule time to meet with us. Let's
sit down and build a plan that's not just smart,
it's complete because your future doesn't deserve to have fragments.
(33:12):
It deserves a team that sees the whole view and mind.
And that's why we talk about complete planning. There's transactional
advisors out there, but then there's complete planners. And that's
why we set up our company this way because we
understand the tax side of things, the investment side, the
income planning, the estate planning, you know what about social
security and medicare planning. We can help it all this.
(33:32):
So we have the people in place in house, so
you don't have to go each and everywhere, and that's
why all you got to do is schedule appointment to
meet with us A three three Maggie tacks.
Speaker 2 (33:43):
You know, as you're talking about that, thing came to
my mind. I mean, you know how silly I could get.
But what I'm gonna do is make a puzzle. And
it's like a small puzzle, maybe an eight and a
half by eleven. And when clients come in, we're going
to give them the puzzle and see if they could
put it together. Maybe that might work.
Speaker 3 (33:59):
It's hard enough with them as it is, because many
people see all honesty, You've made a joke about it.
But you know, people come in and and they're confused
and they want help, right and they've been saying, I've
been wanting this for years, and I've listen to your
show for a long time, and you know, it hit
me a lot of times, and I want to do this.
And I asked them why haven't they done it? And
they said, well, time, you know, I just haven't gotten
(34:20):
to it, or you know, I've been looking in but
I haven't found h This is a lot of different reasons,
but now is a time. The time is now. You
can't start over, but you can start right now.
Speaker 2 (34:28):
And that's why we call it the Maggie Plan. It's
simple and easy to understand, and it's even easy if
we put the puzzle together for you. So eight three
three Maggie tax. This is on you, folks, It's on you.
All you got to do is pick up the phone, call,
spend some time, make an hour an appointment with us.
Let's go over the problems that you have. And like
I said before, what keeps you up at night? Is
it a state planning? Is it you had? Do you
(34:50):
have it in order? Do you have a will or trust?
Is it correct? Do you have a beneficiaryform? Is it correct?
Is it updated? We talk about the risk of you know,
maybe sometimes I think people get the wrong advice, Chris,
and I understand that, you know, they go to one
advisor and they get another one. But you know, many
people work with separate professionals, maybe a CPA, a financial advisor,
(35:11):
and then a state planning attorney, and if they're not communicating,
which I mentioned before, critical details get missed. And Chris,
we've talked about this where we have a tax client
done the tax return and it was done incorrectly, and
then they go to a CPA and the CPA gives
some different advice. Wow, how I mean? It's confusing?
Speaker 3 (35:30):
So you're talking about like fragmented advice, all right? Is
that we're talking about the risk of that. And many
people work with separate professionals. As you just mentioned, they're
not communicating together. For you, critical details get missed, leading
into tax inefficiencies, probate surprises, even lost opportunities, poor tax decisions,
outdated beneficiary designation. So what is a complete advisor? What
(35:51):
do they do?
Speaker 2 (35:52):
They do complete planning. They do everything from tax planning,
from income planning, from an investment planning, from a state
planning to wills and trust. Even took kids for the
for college.
Speaker 3 (36:03):
That's right. They build strategies that work together. That's not
in isolation exactly. And if you don't have a strategy,
you're not going to win. Here's another thing.
Speaker 2 (36:11):
If you don't have a plan, or if you're going
to be traveling and you don't have a roadmap, where
are you going to go?
Speaker 3 (36:15):
It doesn't make sense exactly. And it leads us to
an example that I'm talking about here. We had a
client that had a great investment plan when they first
met with us, but guess what, there was no estate strategy.
Their assets were tied up in probate for over a year,
and we went through this with the client and we said,
oh my gosh, I wish we would have got to
you sooner to help you avoid all this. So don't
settle for fragmented advice. Call us today a three to
(36:36):
three MAGI attacks meet with a complete advisor who sees
the whole picture.
Speaker 2 (36:42):
I mean, it's it's simple to talk about, but it's
a confusing issue for everybody. And if you've ever felt
like your financial life is scattered across spreadsheets, statements and
separate advisors, and we have clients come in with statements
they've never opened over there, So think about this. You
spent your life working hard, saving wisely, and planning carefully,
but without someone who sees the full picture your taxes,
(37:05):
your investments, your income, and your legacy, your plan could
be missing the most important piece. A complete advisor doesn't
just help you grow your wealth, they help you protect it,
preserve it, and pass it on with purpose. You have
to have a purpose with what you're doing. This isn't
about having more meetings, it's about having the right one.
(37:25):
If you've ever felt like your financial life is scattered
across spreadsheets, statements and separate advisors. It's time to bring
it all together. Call us today, sit down with a
team that understands every layer of your financial future. Because
peace of mind doesn't come from hoping it all works out.
That is not a plan. It comes from knowing it will.
(37:46):
That's the Maggie Plan, simple and easy to understand. Tax plan,
income planning, estate planning, all types of planning. And let's
complete your plan. And it starts with one powerful conversation
eight three three Maggie Tax.
Speaker 1 (38:02):
Thank you for listening to Maggie Tax and Financial Show
with Robert and Chris Maggie of Maggie Tax Wealth Advisors.
Listen here five to six pm every Saturday and from
eleven am till noon every Sunday, or anytime on the
free iHeartRadio app. And remember you can pay less tax
with Maggie Tax Program. Content provided by Maggie Tax Wealth
(38:22):
and Advisors. Call them at eight three three Maggie Tax
or visit them online at Maggietax dot com
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