April 15, 2026 • 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 everyone, and thanks for joining us today. My name
is Robert Maggie and I'm here with my son Chris Magan.
You're listening to the Maggie Tax and a Wealth Advisor Show.
Be sure to visit our website, Maggie Tax dot com.
We have a lot of information there, a lot of videos,
and don't forget Every Sunday at ten thirty on ABC TV,
tune into the Maggie Tax and financial show, and again
we have a lot of information there and we're getting
(01:02):
a lot of questions from a lot of you out there,
so please just keep sending him in and we'll answer
as many as we can. So if you've ever wanted
how to grow what you earn and protect what you
save and make your money work harder for you, you're
in the right place because today's show is packed with
practical insight and we're talking about how to build assets,
(01:23):
why putting money away now can make a big difference later,
and how smart investment allocation keeps you on track, and
a powerful strategy called bucket planning that we've used with
Maggie Tax for years that helps your goals work together seamlessly,
so no guesswork, just clear, actionable ideas that you can
actually use. So grab your coffee, grab your breakfast or whatever,
(01:47):
turn up the volume and stay right there because the
Maggie Tax Show starts right now.
Speaker 3 (01:52):
And that's it. I'm Chris Maggie. Welcome everyone, and I'm
glad to be here. And each and every week, you know,
we talk about educational events and things that happen to
do for retirement and also to get ready for retirement.
So there's different phases of retirement, which we'll get into,
but visit our website at Maggie tax dot com. There's
so much information right there at your fingertips.
Speaker 4 (02:12):
You know.
Speaker 3 (02:12):
We do tax planning, income planning, investment planning. We have
attorneys that work with us do a state planning, so
we do complete planning. And if you're looking for a
fiduciary who can put together a plan for you and
lead you in the right direction where you can answer
your questions, that's what we could do. So pick up
the phone, schedule time to meet with us. Eight three
three Maggie Tax. So to start today's conversation, we're going
(02:33):
to talk about the foundation of any strong financial plan,
and there's the accumulation phase and then there's the distribution phase. Well,
today we're going to dive into the accumulation phase. And
this is one of those concepts that sounds complicated at first,
but once you truly understand it, everything else begins to
start making sense. So when we talk about well building,
we're not just talking about how much money comes in.
(02:55):
We're talking about what do you do with that money
once it's earned. And a lot of people have questions.
As my dad mentioned, so what do you do? So
accumulating assets is the process of making your money work
for you over time, rather than just working for money.
So let's break that down in a simple practical way.
So if you have any questions, pick up the phone,
schedule time mean with us eight three to three MAGI
(03:16):
tax eight three to three magi tax.
Speaker 2 (03:19):
And to make it simple, we sit down with you
and we'll go over everything. So there's a lot of
information that both Chris and I talk about. But accumulating assets,
what does it mean. It means intentionally owning things that
can grow or generate income over time. I'll repeat that asset.
It means assets that you intentionally own to grow and
(03:41):
generate income over time, because that's the key the income.
So these include retirement accounts I raise four oh one
k's four O three b's TSP, investment portfolios. Many of
you have investment portfolios and Chris will get into that
in a minute. Businesses that you own, or real estate
that you get income from or rent from. These tools
(04:02):
that help your money work beyond just today. And Chris,
you know what, that's what people try to do. Plan
This is all part of planning.
Speaker 3 (04:10):
So you mentioned a good point here. So you have
to have assets to have income from those assets, So
you have to start somewhere, but that's what you're looking for.
You're looking to generate these assets to accumulate and then
start taking income from them. It's a great point. And
assets are different from everyday expenses because they build your
net worth instead of being used up. So while regular
(04:30):
expenses come and go, assets are designed to stay with
you and strengthen your financial picture over time. That's why
we put money away. That's when we need to have
a detailed plan on how to go about doing that
during the accumulation phase, and that's what we put together,
the investment plan, the income plan.
Speaker 4 (04:47):
All this comes together with the tax plan as well.
Speaker 2 (04:50):
Now there's one big situation there that you have to consider.
The the key shift is moving from spending every dollar
to giving some dollars a long term purpose. You know,
it's like you you have a child, and you have
a baby and you feed them or her and they
grow because you want them to grow. It's the same thing.
So the mindset changes. That is what turns income into
opportunity and sets the foundation for long term you know, planning,
(05:13):
because I can tell you this, people don't come in
and they don't have a plan because they don't understand.
And even our show that we talk about, we've educated
quite a few people and they sit back and they
help both Chris and I. You know, I it wasn't
for your show and talk about the word planning. I
don't think we have a plan.
Speaker 3 (05:29):
Well, that's it, and that's what it's about. A plan,
and a plan can mean so many different things. You know,
do you have one? Do you have assets? Well, you
need a plan to make sure you are investing in
the right buckets and have a tax plan as well,
making sure that all your buckets and your assets pass
so time is one of your strongest advantages because assets
benefit from compounding.
Speaker 4 (05:49):
Many people talk about this.
Speaker 3 (05:50):
You know, my kids, we put money away from the
day they were born, right, so by the time they
have an opportunity to go to college, they have money
to do it and spend them the right way. So
compounding allows growth to build on top of growth. And
that's why we call it compounding. Interest right making early
and patient investing especially, it's powerful when you have a plan,
(06:14):
and that's what we're talking about today. Accumulating assets. So
pick up the phone, schedule time to meet with us
eight three three mag attacks. We're talking about time, and
also too, it doesn't have to be a baby, it
could be any time. Sure you know now is the
time to do something, because I guarantee you, even if
you're fifty, even if you're sixty, if you start putting
money now, five years from now, you look back and say,
(06:35):
that's great, I had time on my side.
Speaker 2 (06:36):
Well, a good point there, and it's a word consistency.
Consistency matters more than perfection when building assets. And I'll
give an example what Chris mentioned. Small regular contributions made
consistently can lead to meaningful results without needing big, one
time investments. And I think that's what people get worried, Wow,
I don't have enough.
Speaker 5 (06:55):
But you know what, you say this all the time.
Speaker 2 (06:58):
If you put a child like you have your two kids,
put money away each month, five dollars, ten dollars, fifty dollars,
it starts to accumulate. And Chris, the keyword is compounding.
And people don't really see the power of compounding later
on when you get to be forty to fifty sixty, when.
Speaker 3 (07:13):
You're retired, that's it. So you want to feed it.
That's the biggest thing. You know, people get bigger because
they get fed, right, So you could do the same
thing with your assets, and we can show you how
to do that. That's why when you come on in,
and also to incorporate the tax side of this, there
are tax advantage strategies to put money in so you
have tax benefits. So it's not just put money away,
(07:34):
that's the basic comment. But when you work with an
advisor who does complete planning, then they can start incorporating
really dynamic plans for yourself where you can have tax
advantage income because that's the name in the game. You
want to make sure that you have income in a
most tax efficient way. So over time, acumulating assets creates stability, right,
(07:56):
it creates flexibility and also confidence. And when you have
confidence and a thing you do, it's going to work.
You know, as assets grow, they provide more options and
help you plan the future with less stress and more control.
And that's what we're showing you here when you come
in to meet with us. We're going to show you
the confidence, the control that you have, the flexibility putting
(08:16):
together buckets, the right weight. How do you feed these
buckets so they grow? How do you feed these buckets
so they provide income in the future. And it doesn't
matter how old you are. It's about if you want
to put together a plan, what's here. It's about helping you.
So pick up the phone, schedule a time to meet
with us Magi Tax and Wealth Advisors. That's what we
do Maggi Tax dot com. There's so much information rate
at your fingertips.
Speaker 4 (08:37):
My gosh.
Speaker 3 (08:38):
When you put together a plan and you look back,
you're so glad that you did and it makes you
feel good and that's what develos the confidence. So a
three three Maggie tax.
Speaker 2 (08:46):
So basically that's the foundation that we're talking about accumulating assets.
It's not about flashy moves or overnight success, and it
could be, but it's not. It's about putting your money
in positions where it can actually grow over time. And
that's why with an advisor like Maggie Tax Advisory and
showing you the bucket planning and how to put money
(09:06):
away strategically is going to help you have a nice retirement.
But here's the big question, how do you even get
the money to start building those assets. That's a true question,
but that's where the real habits come into play. And
coming up next, we'll going to talk about the importance
of putting money away.
Speaker 5 (09:22):
But I want to go back. The problem that.
Speaker 2 (09:24):
Most people have is that they don't have the habit Chris,
or the consistency of say, look, let me take twenty
bucks a week away out of it, you can talk
about this, how you pay yourself first, because if we
do that, and you just do it continuously and religiously
and make it a habit, it's going to be fine.
It's going to give you something that you probably never
(09:45):
had or thought you could get.
Speaker 3 (09:47):
Well, that's the thing I mean. If you pay yourself
first and think about this. You know, if you're making
five thousand dollars a month, it's coming in, so you
got to have expenses. But if you can really start
thinking about paying yourself first, then the expense second, that's
where the whole mind shift just gets clearer and clearer
for yourself and the confidence builds. So if you could
(10:08):
put away that five hundred to one thousand a month
and live off of four then that's a good thing.
And can you do that or can you not? That's
why it's so important to do a budget plan. So
when you pick up the phone, schedule time to meet
with us. We can look at the budget for you
whether you're in retirement or approaching retirement. These are things
that we do in complanning, tax planning, investment planning, and
social security maximization planning. My gosh, just stay planning. So
(10:30):
coming up next, we're going to talk about the importance
of putting money away and why even small steps can
make a big difference down the road. You don't want
to miss this. Stay tuned. You're listening to the Maggie
Tax and Financial Show.
Speaker 1 (10:47):
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 you're
(11:09):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 3 (11:14):
Welcome back and you listen to the Maggie Tax and
Financial Show, and I'm talking about the importance of putting
money away and accumulating assets. So now that we've talked
about building assets, let's rewind just a little bit, because
for our money can grow, it has to be set aside.
And this is where a lot of people get stuck
because saving doesn't always feel exciting, and it's often the
(11:36):
first thing that, you know, we get pushed aside when
life gets busy, and we all been there, you know,
money comes in and then we're like, I don't want
to put that away. I want to spend it on
something else. But putting money away is one of the
most powerful financial habits that you can build. It's like
really good health if you can do it, and you
can structure eating right and also having good habits financially,
(11:59):
it creates up ortunity, flexibility, and also what we all want,
peace of mind. And it doesn't require perfection, that's the
thing about it. So let's break down why this simple
habit matters so much. Let's dive into that.
Speaker 2 (12:10):
I made a lot of good points there, But putting
money away first before you spend it turn saving into
a habit, not an afterthought. So when saving happens, they
after bills, groceries and impulse purchases, it often doesn't happen
at all because you just don't do it simple. So
by paying yourself first, whether that's through automatic transfers or
(12:30):
payroll deductions, you remove a motion from the process and
make saving part of your routine, just like paying the
electric bill. And that's a good point. Make it part
of your electric bill. Make it part of your utility bill,
make it part of the bill you have to pay
for your credit card.
Speaker 5 (12:45):
Make saving part of your bill.
Speaker 2 (12:47):
And you know, put that in your every day that
it's got to be their bucket and you're going to
continually do it. It's when you don't do it, Chris
that you said, like you know, I'm gonna buy that.
I'm gonna go out tomorrow for dinner and pay some
more money. Well I'm going to buy something. WHOA, Just
stop a second, because you need to say no, I
have to put money away to save.
Speaker 5 (13:07):
That's a bucket, right, absolutely.
Speaker 3 (13:09):
And you know when I went to college, I remember
a long time ago two things that I remember. One
cash is king and the second thing is pay yourself first, right,
And it resonates with me each and every day, especially
in this field. You know, we're talking about this creating
good habits. But you made a great point because a
lot of people do what they pay their bills online.
Speaker 5 (13:29):
Right.
Speaker 3 (13:30):
Well, that's true, and that's they want to write the checks,
right and the stamps, but a lot of people don't
do that anymore. Some people do, which is fine. But
what they do online is the automatic bill pay. So
you can have an automatic bill pay to yourself, as
you mentioned right, it can go to your investment account
each and every month, you know, every quarter, every year,
whatever it is. You can set that up so you
(13:52):
can automatically do it. So even a small consistent contribution
can grow into something meaningful over time. So saving doesn't
require big dollars to be effective. You don't have to
wait for that lump sum to go put it away,
you know.
Speaker 4 (14:06):
There.
Speaker 3 (14:06):
If that happens, you need to really get in touch
with us because of the tax consequence.
Speaker 5 (14:10):
Right.
Speaker 3 (14:10):
But regular contributions, even modest ones, can compound and build momentum.
It's consistency that matters. So you pay yourself first. Cash
is king.
Speaker 4 (14:22):
Consistency is what matters.
Speaker 2 (14:24):
Well, you mentioned something and it's kind of part of
what we're talking about here today. But you have to
have automatic bill pays. So you have to have money
in the bank to pay your utility bill, your gas bill,
your rent. Okay, why can't you? And I know you can,
and you can talk about this. Set up an automatic
pay from your account to go into your savings account.
We do that all the time for clients. And think
(14:45):
about it. It's not stupid, it's smart. And you'll wait
a minute, I didn't think about that. So what if
you just said, take fifty bucks out of your savings
and put it into you know, a savings account and
or a retirement account that we can help you with,
and it's done. And then over time when you look
back and go wow. And this is the thing, Chris,
that I that I always say, you know, you got
to teach the children. You've got to teach the kids
(15:05):
how to save, because they don't know how to save.
Speaker 5 (15:08):
They know how to spend.
Speaker 2 (15:10):
I got that money, I can buy that xbox or
I could buy that tape or whatever. Please just stop
a second, you know, and I do it myself. You know,
Do I really need that? Do I want that extra
you know, drink or anything like that. No, you don't do.
Do I want to eat that extra hamburger?
Speaker 1 (15:25):
No?
Speaker 5 (15:26):
You don't.
Speaker 2 (15:26):
But that's when you have to have discipline. And that's
what we're talking about here. Because you can save, there's
no question you can't. You just and then the other word,
I would say, Chris, is a budget. They don't have
a budget, and in your budget you should have.
Speaker 5 (15:38):
What a savings.
Speaker 4 (15:40):
That's exactly right.
Speaker 5 (15:41):
So what's the problem here?
Speaker 4 (15:42):
Now, that's the thing.
Speaker 3 (15:43):
What people aren't disciplined And that's okay, it happens, right,
But what do you do? So you can't start over.
But what you can do now is start now. And
that's why it's so important to put together a plan.
So pick up the phone, schedule time to meet with us.
You know, visit our website at Maggie tax dot com.
There's so much information right there at your fingertips. But
you know we do incomplanning, tax planning, investment planning, budget planning,
(16:04):
stay planning. That's what we're talking about here. And having
money set aside protects you when life throws you surprises
as well. Right, you know, emergencies don't they don't get scheduled.
You know, they don't schedule themselves. It happens without savings, right,
they often turn into debt. That's the scary point. You know,
an emergency fund helps cover things like car repairs, medical bills,
(16:25):
air conditioning costs, right, temporary loss of income, so keeping
small problems from becoming long term financial setbacks. And that's
what we want to avoid. So when you put together
a plan. I know we're talking about putting money aside,
there's also money that we have to put aside for
that liquid money for those for the set aside costs
that we're talking about. You know that everyone will go
(16:46):
through a flat tire. What do you do? You know,
ahn ac goes down? How do you deal with all this?
And we can help, So pick up the phone, schedule
time to meet with us.
Speaker 2 (16:54):
You know, one example I can give you this is
because we do taxes and we see people every every
day coming into taxes.
Speaker 5 (16:59):
But you are required to pay quarterly.
Speaker 2 (17:02):
Taxes, right, so you're required to put a certain amount
of way every quarter because if you don't guess what
you have, you have a penalty at the end of
the year and interest and everybody gets all, you know,
crazy about it, like why because you have to pay
the government first, So do it this way. You're the government.
Speaker 5 (17:20):
You have to pay yourself first. Why can't you do
the same thing? Am I right?
Speaker 4 (17:23):
That's exactly right.
Speaker 3 (17:24):
So saving creates confidence, flexibility, and who you've talked about before,
peace of mind. So when you know that you have
money set aside, decisions, they feel less stressful. You know,
even if you wants something, you have money set aside
to go buy it because you're disciplined enough to do that.
But don't go work the other way, don't spend before
you have and you know you're not reacting, you're choosing
(17:44):
and that's the good thing. So that's where that confidence
allows you to plan, invest, and also move forward knowing
that you're prepared, not just hoping that everything works out.
So think of the phone, schedule a time to meet
with us eight three to three maggie tax. That's eight
three to three magi tax.
Speaker 2 (17:58):
So that's the power of putting money away. That made
sense to all of you. It's not about what you
give up today, it's about what you gain tomorrow. And
a little discipline now can mean a lot more freedom later.
So you know, we talk about a lot of things,
income planning, tax planning.
Speaker 5 (18:12):
You know, and this is it too, savings.
Speaker 2 (18:14):
What are you going to do to budget yourself, and
you know, we want to make sure that everybody is
on the right page, So give us a call.
Speaker 5 (18:19):
Eight three to three Maggie Tax.
Speaker 2 (18:20):
And coming up next, we're going to dive into investment allocation,
how to decide where your money should live, how much
risk makes sense for you, and why the right mix
matters more than you think. So don't go anywhere because
the Maggie Tax Show is getting.
Speaker 5 (18:34):
Started and there's a lot of good things here. Eight
three to three Magi Tax. You're listening to the Maggie
Tax and the Financial Show.
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. Eight three three Maggie
Tax or visit Maggie Tax dot com. Now you're host
(19:06):
with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 3 (19:10):
Thanks for tuning into the Maggie Tax and Financial Show.
And I'm Chris Maggie. I'm here at my dad and
co host of the show, Robert Maggie in visit our
website at Maggie Tax dot com. There's so much information
right there. And also on Sundays on ABCTV at ten
thirty watch our show.
Speaker 4 (19:25):
It's thirty minutes.
Speaker 3 (19:26):
It's right there. We educate a lot of people on
different topics. Why because when's the last class you had
on these topics? You know most people don't, and it's
there for you. Just pick up the phone schedule time
to meet with us. We have office on both sides
of the Bay, so visit our website for those locations
and we look forward to meeting you. Eight three three
Maggie Tax and.
Speaker 5 (19:46):
A few more things.
Speaker 2 (19:46):
I'd like to remind all of you that we do
seminars every month. Go to our website Maggie Tax, and
you can register right there online.
Speaker 5 (19:53):
We do four a month.
Speaker 2 (19:54):
There are different locations and they're educational like we do here.
Speaker 5 (19:57):
With the show.
Speaker 2 (19:58):
So if you have time, look at the times, look
at the locations, and give us a call and register.
Speaker 5 (20:02):
I'm sure you're gonna like it.
Speaker 2 (20:03):
So now that you're saving and building assets that we've
been talking about, let's talk about what might be the
most misunderstood part of investing. And this has to be
to me, one of the most misunderstood. It's investment allocation.
And this isn't about picking the perfect investment, which is
guessing what the market will do next. Allocation is really
about balance. It's about what you have in your account
(20:26):
where it's balanced, whether it be lower risk, medium risk,
or high risk. And think of it like a financial recipe.
The right mix matters more than any one ingredient. So
when your allocation is set up correctly, guess what your
money can work effectively while helping you sleep a little
better at night, because I know I think a lot
of things at night and I start thinking what did
I do wrong? But so let's break it down, Chris,
(20:48):
you know, and way in a way that actually makes
sense because we try to make it simple and easy
to understand.
Speaker 4 (20:54):
Well, that's it.
Speaker 3 (20:54):
I mean, wrote a book Stop funding Uncle Sam's retirement
and create a plan that's simple and easy for you
to und shot. So if you want that book, feel
free to give us a call, schedule time to come
in and we'll give you that book. It's a great read.
Or go to Amazon and go grab one. Stop funding
Uncle Sam's Retirement. But talk about this as you know
the investment allocations. So investment allocations is simply how your
(21:17):
money is divided among different types of investments. So this
might include stocks, equities, or bonds or they call debt
cash or other assets. It could be annuities, it could
be CDs, it could be a checking savings money market.
Then each plays a different role. Some focus on growth,
others focus on suitability or other income. And we talked
about this earlier early on in the show. That you
(21:40):
accumulate assets to one day take income from them, and
that's why it's so important to make sure that you
have the right strategy, and that's what we can help
eight three to three Maggie tax one.
Speaker 5 (21:50):
One thing I think that goes with that.
Speaker 2 (21:51):
We talk about red money, green money, how much safe
money you have and how much risky money you have,
So it still ties into what.
Speaker 5 (21:59):
Your allocations up.
Speaker 2 (22:00):
But the right allocation balances growth potential with risk is
what I just talked about. How much risk do you
really want to take or do you think you're taking,
and how much do you want, you know, to protect
in case something goes down. So too much risk can
make your portfolio feel like a roller coaster every time.
It goes up and down, and we all know that
while too little may limit long term progress. We get
(22:20):
people say, well, you know, I'm not making a lot,
but I don't want to take a lot of risk.
Well you can, you can have both worlds, but allocation
helps find that middle ground that you that you fit into. Christen,
you do this with every client because it's a question
I know you ask them, and I can tell you
that a lot of them they don't know how to
answer that.
Speaker 3 (22:37):
Question well because they really aren't educated in that, and
that's what our job is to do.
Speaker 4 (22:42):
We can help you.
Speaker 3 (22:43):
And we talked about the rule of one hundred, where
you know how much do you have in red money
which is risky, or green money that's safe. And every
client is different and that's why when you come in
with us, will walk you through that, we'll explain that
to you, will educate you. So your time horizon plays
a big role in how you investments should be allocated,
because money needed sooner usually leans more with conservative investments,
(23:07):
while longer term goals can afford to be more growth
oriented and can weather the market ups and downs. And
we talk about this, we talk about now money later,
money never money has your advisor ever talked about that,
because a lot of advisors they do is just say, hey,
let me invest your money in this and that's it. Well,
there's more to that. There's now money, later money, never
(23:28):
money buckets. So when you come to meet with us,
we're going to show you those buckets of money, and
we can show you how to invest those buckets based
on what your risk tolerance is and what you're looking for.
So some of the longer term money can weather those storms,
while some of it's safer money than now. Money you
need for income or for expenses, or for other things
(23:49):
that you want on a short term basis.
Speaker 5 (23:51):
It's got to be balanced. I mean, it's got to
be both ways.
Speaker 2 (23:54):
We've had clients come in husband and wife and once
we look at their portfolio, we do the risk analysis.
The husband doesn't, you know, really do it or watch it,
and the wife doesn't, and now they're in high risk
and they both say, well, I don't want to be
in high risk. But that means that your advisor is
not sitting down and doing you know, that kind of
look for you.
Speaker 5 (24:12):
That's what we do.
Speaker 2 (24:13):
So allocation isn't something that you set once and forget it.
That's another problem, Chris. A lot of times, a lot
of the clients come in, they don't do any allocation for.
Speaker 5 (24:21):
Years, and they go, well, gee, I'm not making money.
Speaker 2 (24:24):
Well, did your advisors sit down and do something an
allocation change? Because as life changes, goals evolve, and markets move.
We all know that portfolios need checkups, just like you
and I. I mean, I went to the doctor a
couple of weeks ago for a check up and I
had to but stay aligned, just like anything else that
needs maintenance we all do. It's the same thing with
your accounts. It's just not going to be done on
(24:47):
its own.
Speaker 5 (24:47):
Right.
Speaker 3 (24:48):
Well, let's just stay on that time. That's a great point,
and I'll tell you why. Because many portfolios that we see,
the allocation doesn't change. So if you met with your
advisor sixty years ago, we've come across us many times
that there's been no allocation change. Now, people say, well,
is that the way it's supposed to be? Well, wouldn't
(25:08):
you want a team actively managing the money. So when
they see dips, they maybe go discount shop and buy
things at a lower point, maybe things are higher, Maybe
they sell things that capture gains and then invest in
something else, you know, because there's ups and downs, so
why not capture where the trends are going. So diversification
(25:29):
within an allocation helps smooth out market surprises. And that's
one of the things that many people over use that
word diversification of diversified. Well, you can be over diversified sometimes.
So when one part of the market is having a
rough day, another market part of the market may be
holding steady. And that's where you need active management. And
that's where many people, when they have the ability to
(25:51):
do these certain types of investing, it helps reduce the
urge to panic or react emotionally. So when you get
a chance, visit our website at Waggie tax dot com.
Pick up the phone, schedule time to meet with us.
Let's let's put together your investment allocation plan. Let's review it.
You know, we talk about your investment portfolio. Let's get
a second opinion. Pick up the phone, schedule time to
(26:12):
meet with us. AID three three Maggie Tax.
Speaker 5 (26:14):
And you know one thing that.
Speaker 2 (26:16):
Goes along with this is the you know, the tax planning,
the income planning, the investment planning, you know, everything that
goes along with and not just one thing so you know,
a well planned allocation helps you stay focused on the
big picture. And the cool thing I like is that
when you get a husband or wife, you know, the
wife might say, well, you know, I don't I don't
know anything about it, But then you want to sit
(26:36):
down and you explain it to them, and then they start.
Speaker 5 (26:38):
To realize they need to know something about it.
Speaker 2 (26:40):
So it's very important. So instead of reacting to headlines
like a lot of people do or short term noise,
you're working from a strategy designed to support long term
success and confidence.
Speaker 5 (26:50):
And I think that's got to be that way, don't
you think that?
Speaker 4 (26:52):
Absolutely?
Speaker 3 (26:52):
And that's why when you come and meet with us,
we're going to put together plan confidence. We talked about
that multiple times in this show today. Confidence. How do
you get the confidence? Well, when you have a plan right.
You know, if you're going to play a sport, you
can't just wake up and just play it once a
week and think you're going to be really good at it.
And there's some rare occurrences of that, but for the
majority it doesn't work that way. Same thing in relation
(27:14):
to the investment side, Yes, some people are going to
pick the right stock and sit on it and be
wealthy very very quick. But it doesn't happen with ninety
five ninety eight percent of the people out there. And
that's why when if you think of yourself as one
of the ninety eight percent of the people with your money,
you know you can be speculative with some of it.
(27:36):
But when you want a plan and you put together
the right plan that consists of income and taxes planning
and investment planning and making sure that you have bucket diversification,
my gosh, how unique is that.
Speaker 2 (27:49):
So let me throw something in here that everybody asks
us for because someone has to manage it, right, whether
it be you or someone And they always come across, well,
what's the fee? I mean, is there a legitimate fee
that should be charged for portfolio management crystal? Or is
it way expensive or not expensive at all? What do
people expect?
Speaker 3 (28:08):
Well, that's the thing. You know, when you want to
do something and you go shopping, there's a fee for it.
You need to pay for goods and services that you
feel are worth it. Right, So if you want to
go to the store and expect that you could just
pick it up for free, then think about it. Really,
how strong is that product? So when you meet with
(28:30):
a financial advisor, do some people they make commissions when
they when they put you in products. And then when
you work with a fiduciary or someone who's actively managing money,
they can charge a fee for active management. Now that
can range in different portfolios. And that's why when what
we're saying here is if you have an investment account,
I don't care if it's an IRA, a form and
(28:51):
K step plan or an investment brokerage account or roth IRA.
Why don't you grab that statement, pick up the phone,
schedule time meet with us. Give our offices a call
eight three to three, Maggie tax. Let's analyze that for you.
Let's see what the wealth division that we have here
can show you what type of risk you're taking. And
(29:11):
also if you're diversified or even if you've ever had
an asset allocation strategy.
Speaker 2 (29:16):
Can fees be changed? Can fees be different than different
portfolio managers?
Speaker 4 (29:22):
Absolutely?
Speaker 3 (29:22):
And you know we uncover that. That's one of the
things we do well. We just give a quick example.
Last week we met with two clients that we analyzed
a brokerage account and we found out that one guy
was paying two point seven percent fees. The other guy
had a different type of product and he was three
point eight percent fees and I explained it to him
and he said, I had no idea. He said, that's
(29:42):
the reason why my account's not growing, right. So I
broke it down and I showed him and he said,
that's not where I want to be. So that's why
it's so important to pick up the phone, schedule a
time to meet with us. Eight three to three Magi tax.
So when it comes to investing, it's not about betting
everything on one horse. It's about building a line that
works together. And that's the power of smart allocation. But
(30:04):
here's where it gets even better. What if your investments
didn't all have the same job. What if each dollar
had a purpose?
Speaker 5 (30:13):
You know?
Speaker 3 (30:13):
So coming up next, we're going to talk about bucket planning,
a simple way to organize your money based on different
goals and timelines. So stick around. The Maggie Tax and
Financial show is right here. Eight three three Maggie tax.
Pick up the phone, schedule time to meet with us
eight three to three Maggie Tax. That's eight three to
three Maggie tax.
Speaker 1 (30:40):
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
(31:02):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 5 (31:07):
Welcome back to the Maggie Tax and Financial Show.
Speaker 2 (31:09):
I am Robert Maggie and I'm here with my son
and co host Chris Maggie. And today we've been talking
about an awful lot. But go to our website, Maggie
Tax dot Com. The shows are archived. You can always
look to listen when you want, when you have time,
and don't forget Every Sunday on ABCTV our show, The
Maggie Tax and Financial Show at ten thirty. So I
just kind of regroup here today. If you just tuned in,
(31:29):
you can listen to the show again. But we've been
talking about accumulating assets, which is very important to a
lot of people.
Speaker 5 (31:35):
What about the importance of putting money away?
Speaker 2 (31:38):
So we try to help people understand how to save
and then investment allocation, because that probably affects most of
the people listening to our show today. But Chris, the
bigger one that I think that we need to talk about,
because we always talk about it, is bucket planning with
different investment objectives and how does that work?
Speaker 5 (31:54):
And where do we show that to people when they
come in?
Speaker 3 (31:57):
All right, so now let's wrap up everything together with
a strategy that gives your money some organization without making
it complicated. And that's the whole goal. So this is
called bucket planning, and it's one of the easiest ways
to make sense of your financial goals. Instead of one
big pile of money trying to do everything at once,
bucket planning gives each dollar a clear job. And if
(32:17):
everyone's doing the right job, then guess what everyone benefits.
It's called it being a team player, right team Think
of it like organizing your closet. Right, everything has its
own place, and suddenly life feels a lot more manageable.
And we talk about confidence, right, goes back to the
confidence word, because that's what it's about. So throughout what
we're talking about here, bucket planning, stay tuned with it,
(32:39):
because pick up the phone. Throughout today's show dial our
number eight three to three meg attacks coming with us.
We'll show you how to take that pile or those
piles of money and create buckets of money.
Speaker 5 (32:48):
Now, you mentioned something about a closet.
Speaker 2 (32:50):
I'm not sure we want to use a closet as
an example, but you know, you got to think a
little funny out there. But bucket planning what it means
separating your money based on when you'll need it and
what it's meant to do.
Speaker 5 (33:01):
Chris always talks about the word a purpose.
Speaker 2 (33:03):
So short term needs, midterm goals, and long term growth
each get their own bucket.
Speaker 5 (33:09):
So money meant for the next.
Speaker 2 (33:10):
Year isn't taking the same risk as money meant for twenty.
Speaker 5 (33:13):
Years from now.
Speaker 2 (33:15):
And that's the problem that you have, most of you
about planning what you need now, what you need later,
and what you're going to need for retirement because you
need to take that money we talked about before. It's
putting a certain amount of way for each kind of bucket,
and that's important to a lot of people out there.
Speaker 3 (33:30):
That's it, you know, a purpose, right, that's what we're
discussing here. Each bucket has a different investment objective and
risk level. So when you come in to meet with us,
so we're going to look at your risk. I'm going
to show you. Are you conservative? Are you aggressive? Are
you a balanced investor? Are you monitorly at growth? Where
are you? That's what we're going to go through with
you because you need to know and we have the
questions to ask you so we can help you. And
(33:52):
that's when you come in because you need to understand.
Haven twitter start and we're going to show you. So
some buckets focus on safety and ability, while others are
designed for growth. As my dad mentioned, but this way,
your money isn't confused, and neither are you. When market
markets fluctuate, many people come in and they say, oh
my gosh, I must be down like forty percent. No,
(34:12):
you're not because when you do bucket planning, you know
maybe one of your bucket if the market went down
a lot, it's effective, but the other ones are not.
So when your overall portfolio could be could be really
good in markets that go down.
Speaker 2 (34:26):
So you mentioned something if your money is confused, do
you think they talk to one another?
Speaker 5 (34:31):
You're risky. I'm not. I'm safe. You are. I'm just
saying because.
Speaker 4 (34:34):
This is what goes on here, make a cartoon out
of this.
Speaker 2 (34:36):
Yeah, I think we should put on our TV show again.
But this approach helps reduce emotional decision making. And that's
what comes down to. So think about it. When markets
are up or down, Bucket planning reminds you that not
all dollars are reacting the same way. That clarity makes
it easier to stay calm and stick with the with
the plan instead of or reacting emotionally, because that's what
(34:57):
people do. They react emotionally because the market's everybody should
be up.
Speaker 5 (35:01):
No that's not true.
Speaker 2 (35:02):
But when the market's up, you should maybe keep some
of your gains so in case the market goes down,
you got the money. They are protected, right, So I
mean that's important right now.
Speaker 3 (35:10):
That's why investment planning is so important. That's why I
pick up the phone, sched a ton of meet with us.
Let's get a second opinion on your investments. Let's look
at your portfolios. Maybe you're doing it yourself. Maybe you're
tired of doing that. Maybe you had advised that you
moved and you want a different allocation.
Speaker 5 (35:23):
Right.
Speaker 3 (35:23):
A client that came in last week and she's from Georgia,
and she came in and she said, you know what,
it's time for me to start moving my money in
the right buckets. And I said, what'd you say and
she said, yeah, I mean I've heard your show multiple times.
She said, I understand where you're coming from, and that's
what I want. So this approach helps reduce emotional decision
making when you have a plan, because when markets are
(35:44):
up or down, bucket planning reminds you that not all
dollars are reacting the same way, and that clarity makes
it easier to stay calm and stick with the plan
instead of reacting emotionally. And my dad mentioned that before
reacting emotionally because many people freak out, yea, many people
don't have to freak out. So bucket planning brings structure,
the confidence, and peace of mind to your financial plan.
(36:07):
So pek of the phone, schedule time to meet with
us a three three Maggie tax. When you do bucket planning,
you know what money is available now, what's working towards
the future, and also what's growing quietly in the background,
and making the entire plan feel intentional and easy to follow,
like our plan, simple and easy to understand.
Speaker 5 (36:26):
So there you have it.
Speaker 2 (36:27):
No guessing, no juggling, just giving your money clear jobs
like you're supposed to and letting each bucket do its
own thing. So when every dollar knows where it's going,
planning starts to feel a lot less stressful and a
lot more doable. So that's bucket planning and action, and
it's how all the pieces we talk about today and
every week finally come together. And you know, I want
(36:47):
you to understand, this is what you folks need to
think about a little bit out of the box, a
little bit different here. You know, the bucket planning is
worth you know, looking at and there's so much there.
That's why you need to make a I mean, give
us a call eight three to three magi tax.
Speaker 3 (37:02):
That's that's exactly right, because you need a plan. So
today we talked about some big ideas, building assets, putting
money away, investing with purpose, and also organizing your goals
so your money isn't all trying to do the same job.
And if there's one takeaway in this, it's financial progress
doesn't come from doing everything at once. It comes from
taking the right next steps. So no matter where you're starting,
(37:25):
it could be you know early or later, there's a
path forward. With the right plan, clear goals and guidance
you can trust, your financial future can feel less overwhelming
and a lot more hopeful. So if today's conversation spark questions,
or if you're ready to turn these ideas into a
plan that fits your life, we're here to help. Give
us a call and start the conversation. Now, pick up
the phone, schedule time to meet with us. Eight three
(37:46):
to three Magi Tax. Because when your money has direction,
your future has confidence. Thanks for listening to Magi Tax
and Financial Show eight three to three Maggi Tax. That's
eight three to three Magi Tax, and don't forget Every
Sunday on ABC TV, tune in ten thirty for the
Magi Tax.
Speaker 4 (38:01):
And Financial Show.
Speaker 1 (38:04):
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
(38:25):
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 everyone, and thanks for joining us today. My name
is Robert Maggie and I'm here with my son Chris Magan.
You're listening to the Maggie Tax and a Wealth Advisor Show.
Be sure to visit our website, Maggie Tax dot com.
We have a lot of information there, a lot of videos,
and don't forget Every Sunday at ten thirty on ABC TV,
tune into the Maggie Tax and financial show, and again
we have a lot of information there and we're getting
(01:02):
a lot of questions from a lot of you out there,
so please just keep sending him in and we'll answer
as many as we can. So if you've ever wanted
how to grow what you earn and protect what you
save and make your money work harder for you, you're
in the right place because today's show is packed with
practical insight and we're talking about how to build assets,
(01:23):
why putting money away now can make a big difference later,
and how smart investment allocation keeps you on track, and
a powerful strategy called bucket planning that we've used with
Maggie Tax for years that helps your goals work together seamlessly,
so no guesswork, just clear, actionable ideas that you can
actually use. So grab your coffee, grab your breakfast or whatever,
(01:47):
turn up the volume and stay right there because the
Maggie Tax Show starts right now.
Speaker 3 (01:52):
And that's it. I'm Chris Maggie. Welcome everyone, and I'm
glad to be here. And each and every week, you know,
we talk about educational events and things that happen to
do for retirement and also to get ready for retirement.
So there's different phases of retirement, which we'll get into,
but visit our website at Maggie tax dot com. There's
so much information right there at your fingertips.
Speaker 4 (02:12):
You know.
Speaker 3 (02:12):
We do tax planning, income planning, investment planning. We have
attorneys that work with us do a state planning, so
we do complete planning. And if you're looking for a
fiduciary who can put together a plan for you and
lead you in the right direction where you can answer
your questions, that's what we could do. So pick up
the phone, schedule time to meet with us. Eight three
three Maggie Tax. So to start today's conversation, we're going
(02:33):
to talk about the foundation of any strong financial plan,
and there's the accumulation phase and then there's the distribution phase. Well,
today we're going to dive into the accumulation phase. And
this is one of those concepts that sounds complicated at first,
but once you truly understand it, everything else begins to
start making sense. So when we talk about well building,
we're not just talking about how much money comes in.
(02:55):
We're talking about what do you do with that money
once it's earned. And a lot of people have questions.
As my dad mentioned, so what do you do? So
accumulating assets is the process of making your money work
for you over time, rather than just working for money.
So let's break that down in a simple practical way.
So if you have any questions, pick up the phone,
schedule time mean with us eight three to three MAGI
(03:16):
tax eight three to three magi tax.
Speaker 2 (03:19):
And to make it simple, we sit down with you
and we'll go over everything. So there's a lot of
information that both Chris and I talk about. But accumulating assets,
what does it mean. It means intentionally owning things that
can grow or generate income over time. I'll repeat that asset.
It means assets that you intentionally own to grow and
(03:41):
generate income over time, because that's the key the income.
So these include retirement accounts I raise four oh one
k's four O three b's TSP, investment portfolios. Many of
you have investment portfolios and Chris will get into that
in a minute. Businesses that you own, or real estate
that you get income from or rent from. These tools
(04:02):
that help your money work beyond just today. And Chris,
you know what, that's what people try to do. Plan
This is all part of planning.
Speaker 3 (04:10):
So you mentioned a good point here. So you have
to have assets to have income from those assets, So
you have to start somewhere, but that's what you're looking for.
You're looking to generate these assets to accumulate and then
start taking income from them. It's a great point. And
assets are different from everyday expenses because they build your
net worth instead of being used up. So while regular
(04:30):
expenses come and go, assets are designed to stay with
you and strengthen your financial picture over time. That's why
we put money away. That's when we need to have
a detailed plan on how to go about doing that
during the accumulation phase, and that's what we put together,
the investment plan, the income plan.
Speaker 4 (04:47):
All this comes together with the tax plan as well.
Speaker 2 (04:50):
Now there's one big situation there that you have to consider.
The the key shift is moving from spending every dollar
to giving some dollars a long term purpose. You know,
it's like you you have a child, and you have
a baby and you feed them or her and they
grow because you want them to grow. It's the same thing.
So the mindset changes. That is what turns income into
opportunity and sets the foundation for long term you know, planning,
(05:13):
because I can tell you this, people don't come in
and they don't have a plan because they don't understand.
And even our show that we talk about, we've educated
quite a few people and they sit back and they
help both Chris and I. You know, I it wasn't
for your show and talk about the word planning. I
don't think we have a plan.
Speaker 3 (05:29):
Well, that's it, and that's what it's about. A plan,
and a plan can mean so many different things. You know,
do you have one? Do you have assets? Well, you
need a plan to make sure you are investing in
the right buckets and have a tax plan as well,
making sure that all your buckets and your assets pass
so time is one of your strongest advantages because assets
benefit from compounding.
Speaker 4 (05:49):
Many people talk about this.
Speaker 3 (05:50):
You know, my kids, we put money away from the
day they were born, right, so by the time they
have an opportunity to go to college, they have money
to do it and spend them the right way. So
compounding allows growth to build on top of growth. And
that's why we call it compounding. Interest right making early
and patient investing especially, it's powerful when you have a plan,
(06:14):
and that's what we're talking about today. Accumulating assets. So
pick up the phone, schedule time to meet with us
eight three three mag attacks. We're talking about time, and
also too, it doesn't have to be a baby, it
could be any time. Sure you know now is the
time to do something, because I guarantee you, even if
you're fifty, even if you're sixty, if you start putting
money now, five years from now, you look back and say,
(06:35):
that's great, I had time on my side.
Speaker 2 (06:36):
Well, a good point there, and it's a word consistency.
Consistency matters more than perfection when building assets. And I'll
give an example what Chris mentioned. Small regular contributions made
consistently can lead to meaningful results without needing big, one
time investments. And I think that's what people get worried, Wow,
I don't have enough.
Speaker 5 (06:55):
But you know what, you say this all the time.
Speaker 2 (06:58):
If you put a child like you have your two kids,
put money away each month, five dollars, ten dollars, fifty dollars,
it starts to accumulate. And Chris, the keyword is compounding.
And people don't really see the power of compounding later
on when you get to be forty to fifty sixty, when.
Speaker 3 (07:13):
You're retired, that's it. So you want to feed it.
That's the biggest thing. You know, people get bigger because
they get fed, right, So you could do the same
thing with your assets, and we can show you how
to do that. That's why when you come on in,
and also to incorporate the tax side of this, there
are tax advantage strategies to put money in so you
have tax benefits. So it's not just put money away,
(07:34):
that's the basic comment. But when you work with an
advisor who does complete planning, then they can start incorporating
really dynamic plans for yourself where you can have tax
advantage income because that's the name in the game. You
want to make sure that you have income in a
most tax efficient way. So over time, acumulating assets creates stability, right,
(07:56):
it creates flexibility and also confidence. And when you have
confidence and a thing you do, it's going to work.
You know, as assets grow, they provide more options and
help you plan the future with less stress and more control.
And that's what we're showing you here when you come
in to meet with us. We're going to show you
the confidence, the control that you have, the flexibility putting
(08:16):
together buckets, the right weight. How do you feed these
buckets so they grow? How do you feed these buckets
so they provide income in the future. And it doesn't
matter how old you are. It's about if you want
to put together a plan, what's here. It's about helping you.
So pick up the phone, schedule a time to meet
with us Magi Tax and Wealth Advisors. That's what we
do Maggi Tax dot com. There's so much information rate
at your fingertips.
Speaker 4 (08:37):
My gosh.
Speaker 3 (08:38):
When you put together a plan and you look back,
you're so glad that you did and it makes you
feel good and that's what develos the confidence. So a
three three Maggie tax.
Speaker 2 (08:46):
So basically that's the foundation that we're talking about accumulating assets.
It's not about flashy moves or overnight success, and it
could be, but it's not. It's about putting your money
in positions where it can actually grow over time. And
that's why with an advisor like Maggie Tax Advisory and
showing you the bucket planning and how to put money
(09:06):
away strategically is going to help you have a nice retirement.
But here's the big question, how do you even get
the money to start building those assets. That's a true question,
but that's where the real habits come into play. And
coming up next, we'll going to talk about the importance
of putting money away.
Speaker 5 (09:22):
But I want to go back. The problem that.
Speaker 2 (09:24):
Most people have is that they don't have the habit Chris,
or the consistency of say, look, let me take twenty
bucks a week away out of it, you can talk
about this, how you pay yourself first, because if we
do that, and you just do it continuously and religiously
and make it a habit, it's going to be fine.
It's going to give you something that you probably never
(09:45):
had or thought you could get.
Speaker 3 (09:47):
Well, that's the thing I mean. If you pay yourself
first and think about this. You know, if you're making
five thousand dollars a month, it's coming in, so you
got to have expenses. But if you can really start
thinking about paying yourself first, then the expense second, that's
where the whole mind shift just gets clearer and clearer
for yourself and the confidence builds. So if you could
(10:08):
put away that five hundred to one thousand a month
and live off of four then that's a good thing.
And can you do that or can you not? That's
why it's so important to do a budget plan. So
when you pick up the phone, schedule time to meet
with us. We can look at the budget for you
whether you're in retirement or approaching retirement. These are things
that we do in complanning, tax planning, investment planning, and
social security maximization planning. My gosh, just stay planning. So
(10:30):
coming up next, we're going to talk about the importance
of putting money away and why even small steps can
make a big difference down the road. You don't want
to miss this. Stay tuned. You're listening to the Maggie
Tax and Financial Show.
Speaker 1 (10:47):
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 you're
(11:09):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 3 (11:14):
Welcome back and you listen to the Maggie Tax and
Financial Show, and I'm talking about the importance of putting
money away and accumulating assets. So now that we've talked
about building assets, let's rewind just a little bit, because
for our money can grow, it has to be set aside.
And this is where a lot of people get stuck
because saving doesn't always feel exciting, and it's often the
(11:36):
first thing that, you know, we get pushed aside when
life gets busy, and we all been there, you know,
money comes in and then we're like, I don't want
to put that away. I want to spend it on
something else. But putting money away is one of the
most powerful financial habits that you can build. It's like
really good health if you can do it, and you
can structure eating right and also having good habits financially,
(11:59):
it creates up ortunity, flexibility, and also what we all want,
peace of mind. And it doesn't require perfection, that's the
thing about it. So let's break down why this simple
habit matters so much. Let's dive into that.
Speaker 2 (12:10):
I made a lot of good points there, But putting
money away first before you spend it turn saving into
a habit, not an afterthought. So when saving happens, they
after bills, groceries and impulse purchases, it often doesn't happen
at all because you just don't do it simple. So
by paying yourself first, whether that's through automatic transfers or
(12:30):
payroll deductions, you remove a motion from the process and
make saving part of your routine, just like paying the
electric bill. And that's a good point. Make it part
of your electric bill. Make it part of your utility bill,
make it part of the bill you have to pay
for your credit card.
Speaker 5 (12:45):
Make saving part of your bill.
Speaker 2 (12:47):
And you know, put that in your every day that
it's got to be their bucket and you're going to
continually do it. It's when you don't do it, Chris
that you said, like you know, I'm gonna buy that.
I'm gonna go out tomorrow for dinner and pay some
more money. Well I'm going to buy something. WHOA, Just
stop a second, because you need to say no, I
have to put money away to save.
Speaker 5 (13:07):
That's a bucket, right, absolutely.
Speaker 3 (13:09):
And you know when I went to college, I remember
a long time ago two things that I remember. One
cash is king and the second thing is pay yourself first, right,
And it resonates with me each and every day, especially
in this field. You know, we're talking about this creating
good habits. But you made a great point because a
lot of people do what they pay their bills online.
Speaker 5 (13:29):
Right.
Speaker 3 (13:30):
Well, that's true, and that's they want to write the checks,
right and the stamps, but a lot of people don't
do that anymore. Some people do, which is fine. But
what they do online is the automatic bill pay. So
you can have an automatic bill pay to yourself, as
you mentioned right, it can go to your investment account
each and every month, you know, every quarter, every year,
whatever it is. You can set that up so you
(13:52):
can automatically do it. So even a small consistent contribution
can grow into something meaningful over time. So saving doesn't
require big dollars to be effective. You don't have to
wait for that lump sum to go put it away,
you know.
Speaker 4 (14:06):
There.
Speaker 3 (14:06):
If that happens, you need to really get in touch
with us because of the tax consequence.
Speaker 5 (14:10):
Right.
Speaker 3 (14:10):
But regular contributions, even modest ones, can compound and build momentum.
It's consistency that matters. So you pay yourself first. Cash
is king.
Speaker 4 (14:22):
Consistency is what matters.
Speaker 2 (14:24):
Well, you mentioned something and it's kind of part of
what we're talking about here today. But you have to
have automatic bill pays. So you have to have money
in the bank to pay your utility bill, your gas bill,
your rent. Okay, why can't you? And I know you can,
and you can talk about this. Set up an automatic
pay from your account to go into your savings account.
We do that all the time for clients. And think
(14:45):
about it. It's not stupid, it's smart. And you'll wait
a minute, I didn't think about that. So what if
you just said, take fifty bucks out of your savings
and put it into you know, a savings account and
or a retirement account that we can help you with,
and it's done. And then over time when you look
back and go wow. And this is the thing, Chris,
that I that I always say, you know, you got
to teach the children. You've got to teach the kids
(15:05):
how to save, because they don't know how to save.
Speaker 5 (15:08):
They know how to spend.
Speaker 2 (15:10):
I got that money, I can buy that xbox or
I could buy that tape or whatever. Please just stop
a second, you know, and I do it myself. You know,
Do I really need that? Do I want that extra
you know, drink or anything like that. No, you don't do.
Do I want to eat that extra hamburger?
Speaker 1 (15:25):
No?
Speaker 5 (15:26):
You don't.
Speaker 2 (15:26):
But that's when you have to have discipline. And that's
what we're talking about here. Because you can save, there's
no question you can't. You just and then the other word,
I would say, Chris, is a budget. They don't have
a budget, and in your budget you should have.
Speaker 5 (15:38):
What a savings.
Speaker 4 (15:40):
That's exactly right.
Speaker 5 (15:41):
So what's the problem here?
Speaker 4 (15:42):
Now, that's the thing.
Speaker 3 (15:43):
What people aren't disciplined And that's okay, it happens, right,
But what do you do? So you can't start over.
But what you can do now is start now. And
that's why it's so important to put together a plan.
So pick up the phone, schedule time to meet with us.
You know, visit our website at Maggie tax dot com.
There's so much information right there at your fingertips. But
you know we do incomplanning, tax planning, investment planning, budget planning,
(16:04):
stay planning. That's what we're talking about here. And having
money set aside protects you when life throws you surprises
as well. Right, you know, emergencies don't they don't get scheduled.
You know, they don't schedule themselves. It happens without savings, right,
they often turn into debt. That's the scary point. You know,
an emergency fund helps cover things like car repairs, medical bills,
(16:25):
air conditioning costs, right, temporary loss of income, so keeping
small problems from becoming long term financial setbacks. And that's
what we want to avoid. So when you put together
a plan. I know we're talking about putting money aside,
there's also money that we have to put aside for
that liquid money for those for the set aside costs
that we're talking about. You know that everyone will go
(16:46):
through a flat tire. What do you do? You know,
ahn ac goes down? How do you deal with all this?
And we can help, So pick up the phone, schedule
time to meet with us.
Speaker 2 (16:54):
You know, one example I can give you this is
because we do taxes and we see people every every
day coming into taxes.
Speaker 5 (16:59):
But you are required to pay quarterly.
Speaker 2 (17:02):
Taxes, right, so you're required to put a certain amount
of way every quarter because if you don't guess what
you have, you have a penalty at the end of
the year and interest and everybody gets all, you know,
crazy about it, like why because you have to pay
the government first, So do it this way. You're the government.
Speaker 5 (17:20):
You have to pay yourself first. Why can't you do
the same thing? Am I right?
Speaker 4 (17:23):
That's exactly right.
Speaker 3 (17:24):
So saving creates confidence, flexibility, and who you've talked about before,
peace of mind. So when you know that you have
money set aside, decisions, they feel less stressful. You know,
even if you wants something, you have money set aside
to go buy it because you're disciplined enough to do that.
But don't go work the other way, don't spend before
you have and you know you're not reacting, you're choosing
(17:44):
and that's the good thing. So that's where that confidence
allows you to plan, invest, and also move forward knowing
that you're prepared, not just hoping that everything works out.
So think of the phone, schedule a time to meet
with us eight three to three maggie tax. That's eight
three to three magi tax.
Speaker 2 (17:58):
So that's the power of putting money away. That made
sense to all of you. It's not about what you
give up today, it's about what you gain tomorrow. And
a little discipline now can mean a lot more freedom later.
So you know, we talk about a lot of things,
income planning, tax planning.
Speaker 5 (18:12):
You know, and this is it too, savings.
Speaker 2 (18:14):
What are you going to do to budget yourself, and
you know, we want to make sure that everybody is
on the right page, So give us a call.
Speaker 5 (18:19):
Eight three to three Maggie Tax.
Speaker 2 (18:20):
And coming up next, we're going to dive into investment allocation,
how to decide where your money should live, how much
risk makes sense for you, and why the right mix
matters more than you think. So don't go anywhere because
the Maggie Tax Show is getting.
Speaker 5 (18:34):
Started and there's a lot of good things here. Eight
three to three Magi Tax. You're listening to the Maggie
Tax and the Financial Show.
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. Eight three three Maggie
Tax or visit Maggie Tax dot com. Now you're host
(19:06):
with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 3 (19:10):
Thanks for tuning into the Maggie Tax and Financial Show.
And I'm Chris Maggie. I'm here at my dad and
co host of the show, Robert Maggie in visit our
website at Maggie Tax dot com. There's so much information
right there. And also on Sundays on ABCTV at ten
thirty watch our show.
Speaker 4 (19:25):
It's thirty minutes.
Speaker 3 (19:26):
It's right there. We educate a lot of people on
different topics. Why because when's the last class you had
on these topics? You know most people don't, and it's
there for you. Just pick up the phone schedule time
to meet with us. We have office on both sides
of the Bay, so visit our website for those locations
and we look forward to meeting you. Eight three three
Maggie Tax and.
Speaker 5 (19:46):
A few more things.
Speaker 2 (19:46):
I'd like to remind all of you that we do
seminars every month. Go to our website Maggie Tax, and
you can register right there online.
Speaker 5 (19:53):
We do four a month.
Speaker 2 (19:54):
There are different locations and they're educational like we do here.
Speaker 5 (19:57):
With the show.
Speaker 2 (19:58):
So if you have time, look at the times, look
at the locations, and give us a call and register.
Speaker 5 (20:02):
I'm sure you're gonna like it.
Speaker 2 (20:03):
So now that you're saving and building assets that we've
been talking about, let's talk about what might be the
most misunderstood part of investing. And this has to be
to me, one of the most misunderstood. It's investment allocation.
And this isn't about picking the perfect investment, which is
guessing what the market will do next. Allocation is really
about balance. It's about what you have in your account
(20:26):
where it's balanced, whether it be lower risk, medium risk,
or high risk. And think of it like a financial recipe.
The right mix matters more than any one ingredient. So
when your allocation is set up correctly, guess what your
money can work effectively while helping you sleep a little
better at night, because I know I think a lot
of things at night and I start thinking what did
I do wrong? But so let's break it down, Chris,
(20:48):
you know, and way in a way that actually makes
sense because we try to make it simple and easy
to understand.
Speaker 4 (20:54):
Well, that's it.
Speaker 3 (20:54):
I mean, wrote a book Stop funding Uncle Sam's retirement
and create a plan that's simple and easy for you
to und shot. So if you want that book, feel
free to give us a call, schedule time to come
in and we'll give you that book. It's a great read.
Or go to Amazon and go grab one. Stop funding
Uncle Sam's Retirement. But talk about this as you know
the investment allocations. So investment allocations is simply how your
(21:17):
money is divided among different types of investments. So this
might include stocks, equities, or bonds or they call debt
cash or other assets. It could be annuities, it could
be CDs, it could be a checking savings money market.
Then each plays a different role. Some focus on growth,
others focus on suitability or other income. And we talked
about this earlier early on in the show. That you
(21:40):
accumulate assets to one day take income from them, and
that's why it's so important to make sure that you
have the right strategy, and that's what we can help
eight three to three Maggie tax one.
Speaker 5 (21:50):
One thing I think that goes with that.
Speaker 2 (21:51):
We talk about red money, green money, how much safe
money you have and how much risky money you have,
So it still ties into what.
Speaker 5 (21:59):
Your allocations up.
Speaker 2 (22:00):
But the right allocation balances growth potential with risk is
what I just talked about. How much risk do you
really want to take or do you think you're taking,
and how much do you want, you know, to protect
in case something goes down. So too much risk can
make your portfolio feel like a roller coaster every time.
It goes up and down, and we all know that
while too little may limit long term progress. We get
(22:20):
people say, well, you know, I'm not making a lot,
but I don't want to take a lot of risk.
Well you can, you can have both worlds, but allocation
helps find that middle ground that you that you fit into. Christen,
you do this with every client because it's a question
I know you ask them, and I can tell you
that a lot of them they don't know how to
answer that.
Speaker 3 (22:37):
Question well because they really aren't educated in that, and
that's what our job is to do.
Speaker 4 (22:42):
We can help you.
Speaker 3 (22:43):
And we talked about the rule of one hundred, where
you know how much do you have in red money
which is risky, or green money that's safe. And every
client is different and that's why when you come in
with us, will walk you through that, we'll explain that
to you, will educate you. So your time horizon plays
a big role in how you investments should be allocated,
because money needed sooner usually leans more with conservative investments,
(23:07):
while longer term goals can afford to be more growth
oriented and can weather the market ups and downs. And
we talk about this, we talk about now money later,
money never money has your advisor ever talked about that,
because a lot of advisors they do is just say, hey,
let me invest your money in this and that's it. Well,
there's more to that. There's now money, later money, never
(23:28):
money buckets. So when you come to meet with us,
we're going to show you those buckets of money, and
we can show you how to invest those buckets based
on what your risk tolerance is and what you're looking for.
So some of the longer term money can weather those storms,
while some of it's safer money than now. Money you
need for income or for expenses, or for other things
(23:49):
that you want on a short term basis.
Speaker 5 (23:51):
It's got to be balanced. I mean, it's got to
be both ways.
Speaker 2 (23:54):
We've had clients come in husband and wife and once
we look at their portfolio, we do the risk analysis.
The husband doesn't, you know, really do it or watch it,
and the wife doesn't, and now they're in high risk
and they both say, well, I don't want to be
in high risk. But that means that your advisor is
not sitting down and doing you know, that kind of
look for you.
Speaker 5 (24:12):
That's what we do.
Speaker 2 (24:13):
So allocation isn't something that you set once and forget it.
That's another problem, Chris. A lot of times, a lot
of the clients come in, they don't do any allocation for.
Speaker 5 (24:21):
Years, and they go, well, gee, I'm not making money.
Speaker 2 (24:24):
Well, did your advisors sit down and do something an
allocation change? Because as life changes, goals evolve, and markets move.
We all know that portfolios need checkups, just like you
and I. I mean, I went to the doctor a
couple of weeks ago for a check up and I
had to but stay aligned, just like anything else that
needs maintenance we all do. It's the same thing with
your accounts. It's just not going to be done on
(24:47):
its own.
Speaker 5 (24:47):
Right.
Speaker 3 (24:48):
Well, let's just stay on that time. That's a great point,
and I'll tell you why. Because many portfolios that we see,
the allocation doesn't change. So if you met with your
advisor sixty years ago, we've come across us many times
that there's been no allocation change. Now, people say, well,
is that the way it's supposed to be? Well, wouldn't
(25:08):
you want a team actively managing the money. So when
they see dips, they maybe go discount shop and buy
things at a lower point, maybe things are higher, Maybe
they sell things that capture gains and then invest in
something else, you know, because there's ups and downs, so
why not capture where the trends are going. So diversification
(25:29):
within an allocation helps smooth out market surprises. And that's
one of the things that many people over use that
word diversification of diversified. Well, you can be over diversified sometimes.
So when one part of the market is having a
rough day, another market part of the market may be
holding steady. And that's where you need active management. And
that's where many people, when they have the ability to
(25:51):
do these certain types of investing, it helps reduce the
urge to panic or react emotionally. So when you get
a chance, visit our website at Waggie tax dot com.
Pick up the phone, schedule time to meet with us.
Let's let's put together your investment allocation plan. Let's review it.
You know, we talk about your investment portfolio. Let's get
a second opinion. Pick up the phone, schedule time to
(26:12):
meet with us. AID three three Maggie Tax.
Speaker 5 (26:14):
And you know one thing that.
Speaker 2 (26:16):
Goes along with this is the you know, the tax planning,
the income planning, the investment planning, you know, everything that
goes along with and not just one thing so you know,
a well planned allocation helps you stay focused on the
big picture. And the cool thing I like is that
when you get a husband or wife, you know, the
wife might say, well, you know, I don't I don't
know anything about it, But then you want to sit
(26:36):
down and you explain it to them, and then they start.
Speaker 5 (26:38):
To realize they need to know something about it.
Speaker 2 (26:40):
So it's very important. So instead of reacting to headlines
like a lot of people do or short term noise,
you're working from a strategy designed to support long term
success and confidence.
Speaker 5 (26:50):
And I think that's got to be that way, don't
you think that?
Speaker 4 (26:52):
Absolutely?
Speaker 3 (26:52):
And that's why when you come and meet with us,
we're going to put together plan confidence. We talked about
that multiple times in this show today. Confidence. How do
you get the confidence? Well, when you have a plan right.
You know, if you're going to play a sport, you
can't just wake up and just play it once a
week and think you're going to be really good at it.
And there's some rare occurrences of that, but for the
majority it doesn't work that way. Same thing in relation
(27:14):
to the investment side, Yes, some people are going to
pick the right stock and sit on it and be
wealthy very very quick. But it doesn't happen with ninety
five ninety eight percent of the people out there. And
that's why when if you think of yourself as one
of the ninety eight percent of the people with your money,
you know you can be speculative with some of it.
(27:36):
But when you want a plan and you put together
the right plan that consists of income and taxes planning
and investment planning and making sure that you have bucket diversification,
my gosh, how unique is that.
Speaker 2 (27:49):
So let me throw something in here that everybody asks
us for because someone has to manage it, right, whether
it be you or someone And they always come across, well,
what's the fee? I mean, is there a legitimate fee
that should be charged for portfolio management crystal? Or is
it way expensive or not expensive at all? What do
people expect?
Speaker 3 (28:08):
Well, that's the thing. You know, when you want to
do something and you go shopping, there's a fee for it.
You need to pay for goods and services that you
feel are worth it. Right, So if you want to
go to the store and expect that you could just
pick it up for free, then think about it. Really,
how strong is that product? So when you meet with
(28:30):
a financial advisor, do some people they make commissions when
they when they put you in products. And then when
you work with a fiduciary or someone who's actively managing money,
they can charge a fee for active management. Now that
can range in different portfolios. And that's why when what
we're saying here is if you have an investment account,
I don't care if it's an IRA, a form and
(28:51):
K step plan or an investment brokerage account or roth IRA.
Why don't you grab that statement, pick up the phone,
schedule time meet with us. Give our offices a call
eight three to three, Maggie tax. Let's analyze that for you.
Let's see what the wealth division that we have here
can show you what type of risk you're taking. And
(29:11):
also if you're diversified or even if you've ever had
an asset allocation strategy.
Speaker 2 (29:16):
Can fees be changed? Can fees be different than different
portfolio managers?
Speaker 4 (29:22):
Absolutely?
Speaker 3 (29:22):
And you know we uncover that. That's one of the
things we do well. We just give a quick example.
Last week we met with two clients that we analyzed
a brokerage account and we found out that one guy
was paying two point seven percent fees. The other guy
had a different type of product and he was three
point eight percent fees and I explained it to him
and he said, I had no idea. He said, that's
(29:42):
the reason why my account's not growing, right. So I
broke it down and I showed him and he said,
that's not where I want to be. So that's why
it's so important to pick up the phone, schedule a
time to meet with us. Eight three to three Magi tax.
So when it comes to investing, it's not about betting
everything on one horse. It's about building a line that
works together. And that's the power of smart allocation. But
(30:04):
here's where it gets even better. What if your investments
didn't all have the same job. What if each dollar
had a purpose?
Speaker 5 (30:13):
You know?
Speaker 3 (30:13):
So coming up next, we're going to talk about bucket planning,
a simple way to organize your money based on different
goals and timelines. So stick around. The Maggie Tax and
Financial show is right here. Eight three three Maggie tax.
Pick up the phone, schedule time to meet with us
eight three to three Maggie Tax. That's eight three to
three Maggie tax.
Speaker 1 (30:40):
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
(31:02):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 5 (31:07):
Welcome back to the Maggie Tax and Financial Show.
Speaker 2 (31:09):
I am Robert Maggie and I'm here with my son
and co host Chris Maggie. And today we've been talking
about an awful lot. But go to our website, Maggie
Tax dot Com. The shows are archived. You can always
look to listen when you want, when you have time,
and don't forget Every Sunday on ABCTV our show, The
Maggie Tax and Financial Show at ten thirty. So I
just kind of regroup here today. If you just tuned in,
(31:29):
you can listen to the show again. But we've been
talking about accumulating assets, which is very important to a
lot of people.
Speaker 5 (31:35):
What about the importance of putting money away?
Speaker 2 (31:38):
So we try to help people understand how to save
and then investment allocation, because that probably affects most of
the people listening to our show today. But Chris, the
bigger one that I think that we need to talk about,
because we always talk about it, is bucket planning with
different investment objectives and how does that work?
Speaker 5 (31:54):
And where do we show that to people when they
come in?
Speaker 3 (31:57):
All right, so now let's wrap up everything together with
a strategy that gives your money some organization without making
it complicated. And that's the whole goal. So this is
called bucket planning, and it's one of the easiest ways
to make sense of your financial goals. Instead of one
big pile of money trying to do everything at once,
bucket planning gives each dollar a clear job. And if
(32:17):
everyone's doing the right job, then guess what everyone benefits.
It's called it being a team player, right team Think
of it like organizing your closet. Right, everything has its
own place, and suddenly life feels a lot more manageable.
And we talk about confidence, right, goes back to the
confidence word, because that's what it's about. So throughout what
we're talking about here, bucket planning, stay tuned with it,
(32:39):
because pick up the phone. Throughout today's show dial our
number eight three to three meg attacks coming with us.
We'll show you how to take that pile or those
piles of money and create buckets of money.
Speaker 5 (32:48):
Now, you mentioned something about a closet.
Speaker 2 (32:50):
I'm not sure we want to use a closet as
an example, but you know, you got to think a
little funny out there. But bucket planning what it means
separating your money based on when you'll need it and
what it's meant to do.
Speaker 5 (33:01):
Chris always talks about the word a purpose.
Speaker 2 (33:03):
So short term needs, midterm goals, and long term growth
each get their own bucket.
Speaker 5 (33:09):
So money meant for the next.
Speaker 2 (33:10):
Year isn't taking the same risk as money meant for twenty.
Speaker 5 (33:13):
Years from now.
Speaker 2 (33:15):
And that's the problem that you have, most of you
about planning what you need now, what you need later,
and what you're going to need for retirement because you
need to take that money we talked about before. It's
putting a certain amount of way for each kind of bucket,
and that's important to a lot of people out there.
Speaker 3 (33:30):
That's it, you know, a purpose, right, that's what we're
discussing here. Each bucket has a different investment objective and
risk level. So when you come in to meet with us,
so we're going to look at your risk. I'm going
to show you. Are you conservative? Are you aggressive? Are
you a balanced investor? Are you monitorly at growth? Where
are you? That's what we're going to go through with
you because you need to know and we have the
questions to ask you so we can help you. And
(33:52):
that's when you come in because you need to understand.
Haven twitter start and we're going to show you. So
some buckets focus on safety and ability, while others are
designed for growth. As my dad mentioned, but this way,
your money isn't confused, and neither are you. When market
markets fluctuate, many people come in and they say, oh
my gosh, I must be down like forty percent. No,
(34:12):
you're not because when you do bucket planning, you know
maybe one of your bucket if the market went down
a lot, it's effective, but the other ones are not.
So when your overall portfolio could be could be really
good in markets that go down.
Speaker 2 (34:26):
So you mentioned something if your money is confused, do
you think they talk to one another?
Speaker 5 (34:31):
You're risky. I'm not. I'm safe. You are. I'm just
saying because.
Speaker 4 (34:34):
This is what goes on here, make a cartoon out
of this.
Speaker 2 (34:36):
Yeah, I think we should put on our TV show again.
But this approach helps reduce emotional decision making. And that's
what comes down to. So think about it. When markets
are up or down, Bucket planning reminds you that not
all dollars are reacting the same way. That clarity makes
it easier to stay calm and stick with the with
the plan instead of or reacting emotionally, because that's what
(34:57):
people do. They react emotionally because the market's everybody should
be up.
Speaker 5 (35:01):
No that's not true.
Speaker 2 (35:02):
But when the market's up, you should maybe keep some
of your gains so in case the market goes down,
you got the money. They are protected, right, So I
mean that's important right now.
Speaker 3 (35:10):
That's why investment planning is so important. That's why I
pick up the phone, sched a ton of meet with us.
Let's get a second opinion on your investments. Let's look
at your portfolios. Maybe you're doing it yourself. Maybe you're
tired of doing that. Maybe you had advised that you
moved and you want a different allocation.
Speaker 5 (35:23):
Right.
Speaker 3 (35:23):
A client that came in last week and she's from Georgia,
and she came in and she said, you know what,
it's time for me to start moving my money in
the right buckets. And I said, what'd you say and
she said, yeah, I mean I've heard your show multiple times.
She said, I understand where you're coming from, and that's
what I want. So this approach helps reduce emotional decision
making when you have a plan, because when markets are
(35:44):
up or down, bucket planning reminds you that not all
dollars are reacting the same way, and that clarity makes
it easier to stay calm and stick with the plan
instead of reacting emotionally. And my dad mentioned that before
reacting emotionally because many people freak out, yea, many people
don't have to freak out. So bucket planning brings structure,
the confidence, and peace of mind to your financial plan.
(36:07):
So pek of the phone, schedule time to meet with
us a three three Maggie tax. When you do bucket planning,
you know what money is available now, what's working towards
the future, and also what's growing quietly in the background,
and making the entire plan feel intentional and easy to follow,
like our plan, simple and easy to understand.
Speaker 5 (36:26):
So there you have it.
Speaker 2 (36:27):
No guessing, no juggling, just giving your money clear jobs
like you're supposed to and letting each bucket do its
own thing. So when every dollar knows where it's going,
planning starts to feel a lot less stressful and a
lot more doable. So that's bucket planning and action, and
it's how all the pieces we talk about today and
every week finally come together. And you know, I want
(36:47):
you to understand, this is what you folks need to
think about a little bit out of the box, a
little bit different here. You know, the bucket planning is
worth you know, looking at and there's so much there.
That's why you need to make a I mean, give
us a call eight three to three magi tax.
Speaker 3 (37:02):
That's that's exactly right, because you need a plan. So
today we talked about some big ideas, building assets, putting
money away, investing with purpose, and also organizing your goals
so your money isn't all trying to do the same job.
And if there's one takeaway in this, it's financial progress
doesn't come from doing everything at once. It comes from
taking the right next steps. So no matter where you're starting,
(37:25):
it could be you know early or later, there's a
path forward. With the right plan, clear goals and guidance
you can trust, your financial future can feel less overwhelming
and a lot more hopeful. So if today's conversation spark questions,
or if you're ready to turn these ideas into a
plan that fits your life, we're here to help. Give
us a call and start the conversation. Now, pick up
the phone, schedule time to meet with us. Eight three
(37:46):
to three Magi Tax. Because when your money has direction,
your future has confidence. Thanks for listening to Magi Tax
and Financial Show eight three to three Maggi Tax. That's
eight three to three Magi Tax, and don't forget Every
Sunday on ABC TV, tune in ten thirty for the
Magi Tax.
Speaker 4 (38:01):
And Financial Show.
Speaker 1 (38:04):
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
(38:25):
and Advisors. Call them at eight three three Maggie Tax,
or visit them online at maggietax dot com.
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