August 19, 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.
Speaker 3 (00:43):
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 a lot of questions from
(01:03):
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, why putting money away now
(01:24):
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, turn up
(01:48):
the volume and stay right there because the Maggie Tax
Show starts right.
Speaker 4 (01:52):
Now, 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. You know.
(02:12):
We do tax planning, income planning, investment planning. 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 to talk about
(02:34):
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 3 (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 Chrys will get into that
in a minute, businesses that you own, or real estate
that you get income from or rent from.
Speaker 2 (04:01):
These tools that.
Speaker 3 (04:02):
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 4 (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 2 (04:47):
All this comes together with the tax plan as well.
Speaker 3 (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.
Speaker 2 (04:59):
You know.
Speaker 3 (04:59):
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.
Speaker 2 (05:05):
It's the same thing. So the mindset changes.
Speaker 3 (05:07):
That is what turns income into opportunity and sets the
foundation for long term you know planning, 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
(05:28):
have a plan.
Speaker 4 (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 2 (05:49):
Many people talk about this.
Speaker 4 (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, 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, that's great,
(06:35):
I had time on my side.
Speaker 3 (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. But you know what, you say
(06:57):
this all the time. 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 you're retired, that's it.
So you want to feed it. That's the biggest thing.
Speaker 4 (07:17):
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, that's the basic comment.
But when you when you work with an advisor who
(07:39):
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,
it creates flexibility and also confidence. And when you have
(07:59):
confidence and anything you do, it's gonna 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 together buckets
the right weight. How do you feed these buckets so
(08:19):
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, We're here'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.
My gosh. When you put together a plan and you
look back, you're so glad that you did and it
(08:42):
makes you feel good and that's what develos the confidence.
So eight three three Maggie Tax.
Speaker 3 (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 week to talk about the importance of
putting money away, but I want to go back.
Speaker 2 (09:23):
The problem that.
Speaker 3 (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 gonna be fine. It's
going to give you something that you probably never had
(09:46):
or thought you could get.
Speaker 4 (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 complaining 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.
Speaker 2 (10:37):
You don't want to miss this. Stay tuned. You listen
to the Magi Tax.
Speaker 1 (10:41):
The ambush, 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
(11:03):
three three Magie Tax or visit Maggie Tax dot com.
Now you're host with Maggie Tax and Wealth Advisors, Robert
and Chris Maggie.
Speaker 4 (11:13):
Welcome back, and you listen to the Magi 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 what we 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
(11:34):
it's often the 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
(11:57):
habits financially, it creates opportunity, 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 3 (12:09):
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 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 payroll deductions,
(12:31):
you remove a motion from the process and make saving
part of your routine, just like paying the electric bill.
Speaker 2 (12:38):
And that's a good point.
Speaker 3 (12:39):
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 2 (12:45):
Make saving part of your bill.
Speaker 3 (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, or I'm gonna buy something. WHOA, Just stop
a second, because you need to say no, I have
to put money away to save.
Speaker 2 (13:06):
That's a bucket, right, absolutely.
Speaker 4 (13:08):
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, right, Well,
(13:29):
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, so you can set that up so
(13:51):
you can automatically do it. So even a small consistent
contribution can grow into something meaningful over time. So save
it 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 there. If that happens, you need
to really get in touch with us because of the
tax consequence.
Speaker 2 (14:09):
Right.
Speaker 4 (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. Consistency is what matters.
Speaker 3 (14:23):
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
(14:44):
about it. It's not stupid, it's smart. And you 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 could help you with.
Speaker 2 (14:57):
And it's done.
Speaker 3 (14:58):
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 got to teach the kids how to save, because
they don't know how to save, they know how to spend.
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
(15:20):
you know, drink or anything like that.
Speaker 2 (15:22):
No you don't. Do I want to eat that extra hamburger?
No you don't. But that's when you have to have discipline.
Speaker 3 (15:27):
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 what a savings.
Speaker 2 (15:39):
That's exactly right. So what's the problem here? Now, that's
the thing.
Speaker 4 (15:42):
Well, 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 I 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 complaining tax planning, investment planning,
budget planning, state planning. That's what we're talking about here.
(16:05):
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.
Speaker 3 (16:21):
You know.
Speaker 4 (16:21):
An emergency fund helps cover things like car repairs, medical bills,
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
(16:43):
that we're talking about. You know that everyone will go
through a flat tire.
Speaker 2 (16:47):
What do you do?
Speaker 4 (16:48):
You know when 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 3 (16:53):
You know, one example I can give you this is
because we do taxes and we see people every every
day coming into taxes. But you required to pay quarterly 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,
(17:13):
like why because you have to pay the government first,
So do it this way. You're the government, you have
to pay yourself first. Why can't you do the same thing?
Speaker 2 (17:22):
Am I right? That's exactly right?
Speaker 4 (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,
infew wants something, you have money set aside to go
buy it because you're disciplined enough to do that. But
don't work the other way, don't spend before you have
and you know you're not reacting, you're choosing and that's
(17:44):
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 magi tax. That's eight three to three
magi tax.
Speaker 3 (17:57):
So that's the power of putting money away. I hope
that makes 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, you know.
Speaker 2 (18:12):
And this is it too, savings. What are you going
to do to budget yourself?
Speaker 3 (18:15):
And you know, we want to make sure that everybody
is on the right page, So give us a call
eight three to three Maggie Tax. 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 started and there's a lot of good
things here. Eight three to three Magi Tax. You're listening
(18:37):
to the Maggie Tax in 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. Call eight three three
Maggie Tax or visit Maggie Tax dot com. Now you're
(19:06):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 4 (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. It's thirty minutes. 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?
(19:33):
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.
Speaker 2 (19:46):
And a few more things.
Speaker 3 (19:47):
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. We do four a month.
There are different locations and they're educational like we do here.
Speaker 2 (19:57):
With the show.
Speaker 3 (19:58):
So if you have time, look at the times, look
at the locations, and give us a call and register.
Speaker 2 (20:03):
I'm sure you're going to like it.
Speaker 3 (20:04):
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 or just
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 2 (20:54):
Well, that's it.
Speaker 4 (20:55):
I mean, wrote a book Stop funding Uncle Sam's retirement
and create a plan that's simple and easy understand. So
if you want that book, feel free to give us
a call, schedule time to come in. 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 money is divided among
(21:20):
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 ear early
on in the show, that you accumulate assets to one
(21:42):
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 a three to three
Maggie tax.
Speaker 2 (21:50):
One more thing I think that goes with that.
Speaker 3 (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.
Speaker 2 (21:59):
What your allocation.
Speaker 3 (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.
Speaker 2 (22:16):
And we all know that while too little may limit long.
Speaker 3 (22:19):
Term progress, we get people say, well, you know, I'm
not making a lot, but I don't want to take
a lot of risk.
Speaker 2 (22:24):
Well you can, you can have both worlds, but.
Speaker 3 (22:26):
Allocation helps find that middle ground that you that you
fit into. Christen, you do this with every client because
that'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 4 (22:38):
Question well because they really aren't educated in that, and
that's what our job is to do.
Speaker 2 (22:42):
We can help you.
Speaker 4 (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 a green money that's safe. And
every client is different, and that's why when you come
meet with us, we'll walk you through that, we'll explain
that to you, will educate you. So your time horizon
plays a big role in how your 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
(23:29):
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, the now money you
need for income or for expenses, or for other things
(23:49):
that you want on a short term basis.
Speaker 2 (23:51):
It's got to be balanced. I mean, it's got to
be both ways.
Speaker 3 (23:54):
We've had clients come in a 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.
Speaker 2 (24:12):
Look for you. That's what we do.
Speaker 3 (24:13):
So allocation isn't something that you said 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 allocations
for years and they go, well, gee, I'm not making money. Well,
did your advisor sit down and do something an allocation change?
Because as life changes, goals evolve, and markets move. We
all know that portfolios need check ups, just like you
(24:36):
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
its own. Right, 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
(24:57):
if you met with your advisor six years ago, we've
come across 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 you want a team actively managing
the money? So when they see dips they maybe go
discount shopping and buy things at a lower point, maybe
things are higher, Maybe they sell things that capture gains
(25:21):
and then invest in something else, you know, because there's
ups and downs, so why not capture where the trends are?
Speaker 2 (25:27):
Going.
Speaker 4 (25:28):
So diversification 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
(25:50):
the ability to 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 Maggie
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
(26:12):
time to meet with us. AID three three Maggie Tax.
Speaker 3 (26:15):
And you know one thing that 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 and wife. You know, the wife might say, well,
you know, I don't I don't know anything about it,
(26:36):
But then you sit down and you explain it to them,
and then they start to realize they need to know
something about it.
Speaker 2 (26:40):
So it's very important.
Speaker 3 (26:41):
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 2 (26:50):
And I think that's got to be that way, don't
you think? Absolutely?
Speaker 4 (26:52):
And that's why when you come and meet with us,
we're going to put the other plan confidence. We talked
about that multiple times in this show today. Confidence. How
to 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 to
(27:15):
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 3 (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 crysal or is
it way expensive or not expensive at all?
Speaker 2 (28:07):
What do people expect?
Speaker 4 (28:09):
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
(28:31):
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 Forum on
(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 to 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 also if you're diversified or even if you've ever
(29:14):
had an asset allocation strategy.
Speaker 2 (29:16):
Can fees be changed?
Speaker 3 (29:19):
Can fees be different than different portfolio managers?
Speaker 2 (29:22):
Absolutely?
Speaker 4 (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
(29:43):
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 lineup 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 1 (30:13):
You know?
Speaker 4 (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 the media US eight
three to three Maggie Tax. That's eight three to three
Maggie Tax.
Speaker 1 (30:35):
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
(30:57):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 3 (31:02):
Welcome back to the Maggie Tax and Financial Show. 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 listen
when you want, when you have time, and don't forget.
Every Sunday on ABCTV a show The Maggie Tax and
Financial Show with ten thirty. So I just kind of
(31:22):
regroup here today. If you just tuned in, you can
listen to the show again. But we've been talking about
accumulating assets, which is very important to a lot of people.
What about the importance of putting money away, 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.
Speaker 2 (31:40):
But Chris, the bigger one that I think that we need.
Speaker 3 (31:42):
To talk about, because we always talk about it is
bucket planning with different investment objectives, and how does that work?
And where do we show that to people when they
come in?
Speaker 4 (31:52):
All right, so now let's wrap up everything together with
a strategy that gives your money some organization without making
it complicated.
Speaker 2 (31:59):
And that's the whole goal.
Speaker 4 (32:00):
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 everyone's doing the right job, then guess what
everyone benefit. It's called it being a team player, right
team Think of it like organizing your closet. Right, everything
(32:20):
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, because pick up the phone. Throughout today's show,
dial our number eight three to three meg attacks, come
meet with us. We'll show you how to take that
pile or those piles of money and create buckets of money.
Speaker 2 (32:43):
Now, you mentioned something about closet.
Speaker 3 (32:44):
I'm not sure what 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. Chris always talks about
the word a purpose. So short term needs, midterm goals,
and long term growth each get their own bucket. So
money meant for the next year isn't taking the same
(33:06):
risk as money meant for twenty years from now. 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 4 (33:24):
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 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 a 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
(33:46):
that's when you come in because you need to understand.
Haven twere to start and we're going to show you.
So some buckets focus on safety and accessibility, 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
(34:07):
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.
Speaker 2 (34:13):
Other ones or not.
Speaker 4 (34:14):
So when your overall portfolio could be could be really
good in markets that go down.
Speaker 2 (34:21):
So you mentioned something.
Speaker 3 (34:22):
If your money is confused, do you think they talk
to one another?
Speaker 2 (34:26):
You're risky. I'm not. I'm safe.
Speaker 1 (34:28):
You are.
Speaker 2 (34:28):
I'm just saying because this is what goes on here,
make a cartoon out of this.
Speaker 3 (34:31):
Yeah, I think we should put on a 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
(34:52):
people do. They react emotionally because the market's up, everybody
should be up.
Speaker 2 (34:55):
No that's not true.
Speaker 3 (34:56):
But when the market's up, you should maybe keep some
of your gains so in case the market it goes down,
you got the money. They are protected, right, So I
mean that's important right now.
Speaker 4 (35:04):
That's why investment planning is so important. That's why I
pick up the phone. Just get 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. We
had 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
(35:25):
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 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
(35:47):
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. So the go the phone, schedule time to
meet with us eight three three, Maggie tax. When you
do bucket planning, you know what money is available now,
(36:10):
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 3 (36:21):
So there you have it, 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.
(36:41):
And you know, I want 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
an appointment. Give us a call eight three to three, Maggie.
Speaker 4 (36:56):
Tax that's that. 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
(37:19):
where you're starting, 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.
(37:40):
Eight three to three mag Attacks. Because when your money
has direction, your future has confidence. Thanks for listening to
Magattas and Financial Show eight three to three Magi Tax.
That's eight three to three mag Atas and don't forget
Every Sunday on ABCTV, tune in ten thirty for the
Magi Tax and Financial Show.
Speaker 1 (37:59):
Thank you 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 any time on the
free iHeartRadio app. And remember you can pay less tax
with Maggie Tax Program. Content provided by Maggie Tax Wealth
(38:20):
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.
Speaker 3 (00:43):
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 a lot of questions from
(01:03):
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, why putting money away now
(01:24):
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, turn up
(01:48):
the volume and stay right there because the Maggie Tax
Show starts right.
Speaker 4 (01:52):
Now, 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. You know.
(02:12):
We do tax planning, income planning, investment planning. 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 to talk about
(02:34):
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 3 (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 Chrys will get into that
in a minute, businesses that you own, or real estate
that you get income from or rent from.
Speaker 2 (04:01):
These tools that.
Speaker 3 (04:02):
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 4 (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 2 (04:47):
All this comes together with the tax plan as well.
Speaker 3 (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.
Speaker 2 (04:59):
You know.
Speaker 3 (04:59):
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.
Speaker 2 (05:05):
It's the same thing. So the mindset changes.
Speaker 3 (05:07):
That is what turns income into opportunity and sets the
foundation for long term you know planning, 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
(05:28):
have a plan.
Speaker 4 (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 2 (05:49):
Many people talk about this.
Speaker 4 (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, 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, that's great,
(06:35):
I had time on my side.
Speaker 3 (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. But you know what, you say
(06:57):
this all the time. 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 you're retired, that's it.
So you want to feed it. That's the biggest thing.
Speaker 4 (07:17):
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, that's the basic comment.
But when you when you work with an advisor who
(07:39):
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,
it creates flexibility and also confidence. And when you have
(07:59):
confidence and anything you do, it's gonna 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 together buckets
the right weight. How do you feed these buckets so
(08:19):
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, We're here'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.
My gosh. When you put together a plan and you
look back, you're so glad that you did and it
(08:42):
makes you feel good and that's what develos the confidence.
So eight three three Maggie Tax.
Speaker 3 (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 week to talk about the importance of
putting money away, but I want to go back.
Speaker 2 (09:23):
The problem that.
Speaker 3 (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 gonna be fine. It's
going to give you something that you probably never had
(09:46):
or thought you could get.
Speaker 4 (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 complaining 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.
Speaker 2 (10:37):
You don't want to miss this. Stay tuned. You listen
to the Magi Tax.
Speaker 1 (10:41):
The ambush, 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
(11:03):
three three Magie Tax or visit Maggie Tax dot com.
Now you're host with Maggie Tax and Wealth Advisors, Robert
and Chris Maggie.
Speaker 4 (11:13):
Welcome back, and you listen to the Magi 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 what we 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
(11:34):
it's often the 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
(11:57):
habits financially, it creates opportunity, 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 3 (12:09):
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 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 payroll deductions,
(12:31):
you remove a motion from the process and make saving
part of your routine, just like paying the electric bill.
Speaker 2 (12:38):
And that's a good point.
Speaker 3 (12:39):
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 2 (12:45):
Make saving part of your bill.
Speaker 3 (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, or I'm gonna buy something. WHOA, Just stop
a second, because you need to say no, I have
to put money away to save.
Speaker 2 (13:06):
That's a bucket, right, absolutely.
Speaker 4 (13:08):
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, right, Well,
(13:29):
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, so you can set that up so
(13:51):
you can automatically do it. So even a small consistent
contribution can grow into something meaningful over time. So save
it 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 there. If that happens, you need
to really get in touch with us because of the
tax consequence.
Speaker 2 (14:09):
Right.
Speaker 4 (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. Consistency is what matters.
Speaker 3 (14:23):
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
(14:44):
about it. It's not stupid, it's smart. And you 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 could help you with.
Speaker 2 (14:57):
And it's done.
Speaker 3 (14:58):
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 got to teach the kids how to save, because
they don't know how to save, they know how to spend.
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
(15:20):
you know, drink or anything like that.
Speaker 2 (15:22):
No you don't. Do I want to eat that extra hamburger?
No you don't. But that's when you have to have discipline.
Speaker 3 (15:27):
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 what a savings.
Speaker 2 (15:39):
That's exactly right. So what's the problem here? Now, that's
the thing.
Speaker 4 (15:42):
Well, 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 I 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 complaining tax planning, investment planning,
budget planning, state planning. That's what we're talking about here.
(16:05):
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.
Speaker 3 (16:21):
You know.
Speaker 4 (16:21):
An emergency fund helps cover things like car repairs, medical bills,
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
(16:43):
that we're talking about. You know that everyone will go
through a flat tire.
Speaker 2 (16:47):
What do you do?
Speaker 4 (16:48):
You know when 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 3 (16:53):
You know, one example I can give you this is
because we do taxes and we see people every every
day coming into taxes. But you required to pay quarterly 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,
(17:13):
like why because you have to pay the government first,
So do it this way. You're the government, you have
to pay yourself first. Why can't you do the same thing?
Speaker 2 (17:22):
Am I right? That's exactly right?
Speaker 4 (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,
infew wants something, you have money set aside to go
buy it because you're disciplined enough to do that. But
don't work the other way, don't spend before you have
and you know you're not reacting, you're choosing and that's
(17:44):
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 magi tax. That's eight three to three
magi tax.
Speaker 3 (17:57):
So that's the power of putting money away. I hope
that makes 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, you know.
Speaker 2 (18:12):
And this is it too, savings. What are you going
to do to budget yourself?
Speaker 3 (18:15):
And you know, we want to make sure that everybody
is on the right page, So give us a call
eight three to three Maggie Tax. 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 started and there's a lot of good
things here. Eight three to three Magi Tax. You're listening
(18:37):
to the Maggie Tax in 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. Call eight three three
Maggie Tax or visit Maggie Tax dot com. Now you're
(19:06):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 4 (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. It's thirty minutes. 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?
(19:33):
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.
Speaker 2 (19:46):
And a few more things.
Speaker 3 (19:47):
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. We do four a month.
There are different locations and they're educational like we do here.
Speaker 2 (19:57):
With the show.
Speaker 3 (19:58):
So if you have time, look at the times, look
at the locations, and give us a call and register.
Speaker 2 (20:03):
I'm sure you're going to like it.
Speaker 3 (20:04):
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 or just
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 2 (20:54):
Well, that's it.
Speaker 4 (20:55):
I mean, wrote a book Stop funding Uncle Sam's retirement
and create a plan that's simple and easy understand. So
if you want that book, feel free to give us
a call, schedule time to come in. 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 money is divided among
(21:20):
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 ear early
on in the show, that you accumulate assets to one
(21:42):
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 a three to three
Maggie tax.
Speaker 2 (21:50):
One more thing I think that goes with that.
Speaker 3 (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.
Speaker 2 (21:59):
What your allocation.
Speaker 3 (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.
Speaker 2 (22:16):
And we all know that while too little may limit long.
Speaker 3 (22:19):
Term progress, we get people say, well, you know, I'm
not making a lot, but I don't want to take
a lot of risk.
Speaker 2 (22:24):
Well you can, you can have both worlds, but.
Speaker 3 (22:26):
Allocation helps find that middle ground that you that you
fit into. Christen, you do this with every client because
that'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 4 (22:38):
Question well because they really aren't educated in that, and
that's what our job is to do.
Speaker 2 (22:42):
We can help you.
Speaker 4 (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 a green money that's safe. And
every client is different, and that's why when you come
meet with us, we'll walk you through that, we'll explain
that to you, will educate you. So your time horizon
plays a big role in how your 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
(23:29):
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, the now money you
need for income or for expenses, or for other things
(23:49):
that you want on a short term basis.
Speaker 2 (23:51):
It's got to be balanced. I mean, it's got to
be both ways.
Speaker 3 (23:54):
We've had clients come in a 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.
Speaker 2 (24:12):
Look for you. That's what we do.
Speaker 3 (24:13):
So allocation isn't something that you said 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 allocations
for years and they go, well, gee, I'm not making money. Well,
did your advisor sit down and do something an allocation change?
Because as life changes, goals evolve, and markets move. We
all know that portfolios need check ups, just like you
(24:36):
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
its own. Right, 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
(24:57):
if you met with your advisor six years ago, we've
come across 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 you want a team actively managing
the money? So when they see dips they maybe go
discount shopping and buy things at a lower point, maybe
things are higher, Maybe they sell things that capture gains
(25:21):
and then invest in something else, you know, because there's
ups and downs, so why not capture where the trends are?
Speaker 2 (25:27):
Going.
Speaker 4 (25:28):
So diversification 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
(25:50):
the ability to 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 Maggie
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
(26:12):
time to meet with us. AID three three Maggie Tax.
Speaker 3 (26:15):
And you know one thing that 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 and wife. You know, the wife might say, well,
you know, I don't I don't know anything about it,
(26:36):
But then you sit down and you explain it to them,
and then they start to realize they need to know
something about it.
Speaker 2 (26:40):
So it's very important.
Speaker 3 (26:41):
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 2 (26:50):
And I think that's got to be that way, don't
you think? Absolutely?
Speaker 4 (26:52):
And that's why when you come and meet with us,
we're going to put the other plan confidence. We talked
about that multiple times in this show today. Confidence. How
to 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 to
(27:15):
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 3 (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 crysal or is
it way expensive or not expensive at all?
Speaker 2 (28:07):
What do people expect?
Speaker 4 (28:09):
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
(28:31):
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 Forum on
(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 to 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 also if you're diversified or even if you've ever
(29:14):
had an asset allocation strategy.
Speaker 2 (29:16):
Can fees be changed?
Speaker 3 (29:19):
Can fees be different than different portfolio managers?
Speaker 2 (29:22):
Absolutely?
Speaker 4 (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
(29:43):
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 lineup 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 1 (30:13):
You know?
Speaker 4 (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 the media US eight
three to three Maggie Tax. That's eight three to three
Maggie Tax.
Speaker 1 (30:35):
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
(30:57):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 3 (31:02):
Welcome back to the Maggie Tax and Financial Show. 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 listen
when you want, when you have time, and don't forget.
Every Sunday on ABCTV a show The Maggie Tax and
Financial Show with ten thirty. So I just kind of
(31:22):
regroup here today. If you just tuned in, you can
listen to the show again. But we've been talking about
accumulating assets, which is very important to a lot of people.
What about the importance of putting money away, 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.
Speaker 2 (31:40):
But Chris, the bigger one that I think that we need.
Speaker 3 (31:42):
To talk about, because we always talk about it is
bucket planning with different investment objectives, and how does that work?
And where do we show that to people when they
come in?
Speaker 4 (31:52):
All right, so now let's wrap up everything together with
a strategy that gives your money some organization without making
it complicated.
Speaker 2 (31:59):
And that's the whole goal.
Speaker 4 (32:00):
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 everyone's doing the right job, then guess what
everyone benefit. It's called it being a team player, right
team Think of it like organizing your closet. Right, everything
(32:20):
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, because pick up the phone. Throughout today's show,
dial our number eight three to three meg attacks, come
meet with us. We'll show you how to take that
pile or those piles of money and create buckets of money.
Speaker 2 (32:43):
Now, you mentioned something about closet.
Speaker 3 (32:44):
I'm not sure what 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. Chris always talks about
the word a purpose. So short term needs, midterm goals,
and long term growth each get their own bucket. So
money meant for the next year isn't taking the same
(33:06):
risk as money meant for twenty years from now. 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 4 (33:24):
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 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 a 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
(33:46):
that's when you come in because you need to understand.
Haven twere to start and we're going to show you.
So some buckets focus on safety and accessibility, 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
(34:07):
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.
Speaker 2 (34:13):
Other ones or not.
Speaker 4 (34:14):
So when your overall portfolio could be could be really
good in markets that go down.
Speaker 2 (34:21):
So you mentioned something.
Speaker 3 (34:22):
If your money is confused, do you think they talk
to one another?
Speaker 2 (34:26):
You're risky. I'm not. I'm safe.
Speaker 1 (34:28):
You are.
Speaker 2 (34:28):
I'm just saying because this is what goes on here,
make a cartoon out of this.
Speaker 3 (34:31):
Yeah, I think we should put on a 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
(34:52):
people do. They react emotionally because the market's up, everybody
should be up.
Speaker 2 (34:55):
No that's not true.
Speaker 3 (34:56):
But when the market's up, you should maybe keep some
of your gains so in case the market it goes down,
you got the money. They are protected, right, So I
mean that's important right now.
Speaker 4 (35:04):
That's why investment planning is so important. That's why I
pick up the phone. Just get 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. We
had 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
(35:25):
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 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
(35:47):
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. So the go the phone, schedule time to
meet with us eight three three, Maggie tax. When you
do bucket planning, you know what money is available now,
(36:10):
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 3 (36:21):
So there you have it, 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.
(36:41):
And you know, I want 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
an appointment. Give us a call eight three to three, Maggie.
Speaker 4 (36:56):
Tax that's that. 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
(37:19):
where you're starting, 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.
(37:40):
Eight three to three mag Attacks. Because when your money
has direction, your future has confidence. Thanks for listening to
Magattas and Financial Show eight three to three Magi Tax.
That's eight three to three mag Atas and don't forget
Every Sunday on ABCTV, tune in ten thirty for the
Magi Tax and Financial Show.
Speaker 1 (37:59):
Thank you 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 any time on the
free iHeartRadio app. And remember you can pay less tax
with Maggie Tax Program. Content provided by Maggie Tax Wealth
(38:20):
and Advisors. Call them at eight three three Maggie Tax
or visit them online at Maggietax dot com
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