Episode Transcript
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Speaker 1 (00:00):
All these years you've saved up planning for secure retirement,
but if you're not careful, it will be the irs
that's living it up when you retire by taxing your
hard earned money. Welcome to the Maggie Tax and Financial
Hour with Robert and Chris Maggie of Maggie Tax Advisory
and Financial Group. With over thirty years of combined experience
in tax savings, income planning, and investment opportunities, Robert and
(00:22):
Chris share advice and tax planning strategies designed to protect
your retirement nest egg from Uncle Sam. Your questions and
comments are welcome during today's program by calling eight one
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty, or visit Maggie
Tax dot Com. That's Maggi Tax dot com and now
(00:46):
your host for the Maggie Tax Financial Hour on nine
seventy WFLA. Robert and Chris Maggie.
Speaker 2 (00:53):
Welcome everyone, and thanks for tuning into the Maggie Tax
and the Financial Show, and each and every week we
are so glad to be here. Why because we can
empower How are you in so many different ways for
your retirement future. For so many years we have been
sharing retirement strategies and concepts that work. We have explained
the tremendous benefits of working with Maggie Tax Advisory and
(01:13):
creating the Maggie Plan so you could take action and
create a retirement plan that's simple and easy for you
to understand. Whether it's tax planning, or income planning, or
investment planning, or social security or Medicare planning, we can
help and even a state planning as well. So if
you have questions on where do I go for a
will or a trust or a pal of attorney, or
(01:35):
to have more income on a most tax efficient way,
or what about my investments and rollover forming k we
can help. Pick up the phone, schedule time to meet
with us. Eight three to three Magi Tax. That's eight
three three Maggie Tax and today, as always, I'm here
with my dad and coast of the show, Robert Maggie.
So welcome everyone, and let's start with today's show.
Speaker 3 (01:53):
Absolutely, thank you for joining us today and you're listening
to the Maggie Tax and Financial Show. Be sure to
visit our website maggix dot com, click on the retirement
bill and find out what your retirement bill is going
to be in thirty seconds, and you have to decide
that you want to take action to successfully deal with
the challenges that we're going to face to achieve financial
success and retirement success and financial freedom.
Speaker 4 (02:17):
A lot of things are changing.
Speaker 3 (02:18):
Legislature, risk is there, We're going to have our taxes
changed in two years. There's so many things going on.
Financial freedom is the ultimate goal for all Americans. I
don't care how old you are, and I've asked you
many times if you wanted to understand the new language
regarding retirement planning, and if you're working with an advisor
that does not have your best interest in mind, it's
(02:39):
time to get a second opinion eight three to three
Maggie tax. And if he or she tells you that
he has the best stock, the best bond, or a
mutual fund with the best interest rate, the lowest premium,
the highest cash value, would that be enough to inspire
you to want to buy from him. I'm a member
of a five oh one C three organization. It's called
the Association of Financial Consultants, and we are an educational
(03:03):
resource for those close to retirement or recently retired, or
anyone out there and we have seminars that are educational
workshops and they're presented by a select few retirement specialist
who work with Maggie Tax and we are dedicated to
educating the public. The bottom line here is there's no
selling and there's no sales pitch. I had a gentleman
come to me and he said, you're a great salesman.
Speaker 4 (03:24):
No I'm not.
Speaker 3 (03:25):
I'm not a salesman because I don't sell a product.
There's a service and a strategy that you have to
understand and what's strictly for educational purposes. And for many
of you that have worked with us, this is what
you know already. You have the opportunity to meet one
with when you register our seminar, go on our website
on Maggie tax dot com. It's a state planning, social
security planning and taxes and Chris. One thing I will say,
(03:47):
and this is important. Telling is selling and we do
not do that. Asking is advocating, and that's what it's about.
You know, we're here to educate you. There's so much
to talk about. My gosh, I mean, think about it.
Do you want just investment.
Speaker 2 (04:00):
That grows and grows and grows and then you get
tax heavily from it. No, it doesn't work that way
because that's not the complete job. I mean, do you
want to put together a great plan, but then again
your accounts have to go through probate if something happens
to you. No, that's not a great plan. Do you
want all this income and then get smashed with taxes? No,
that's not a great plan either. So you have to
(04:21):
make sure that all these different strategies work together. And
that's why we call it the Maggi plan. You need
a complete plan. Our clients have complete plans. It's tax planning,
income planning, investment planning, a state planning. My gosh, you know,
many advisors don't even talk to their CPA. Many many
advisors don't even talk to their estate planning attorney. Many
(04:42):
advisors don't even have these combinations put together for their clients.
We do pick up the phone, schedule time to meet
with us because we can help eight three to three
Maggi tax and.
Speaker 3 (04:50):
One thing I always say, the more you tell someone something,
the more they tend not to believe you. So what
are they trying to sell me? Or even worse, what
are they not telling me? That's the case, telling doesn't work.
Educating does.
Speaker 4 (05:03):
And you know this.
Speaker 3 (05:04):
When you go to school, you get educated, so you
know what you're studying and what you should know. Our
customers don't care how much we know until they know
how much we care. And we do this at every
event because it's about you. Everything is about you. And
register now at Maggie tax from one of what seminars.
It's for our education seminars. It's free, there's no cost,
no obligation. You know what the best thing is. We
(05:26):
do it at libraries. I don't buy dinners anymore for anybody, Chris,
It's doesn't work.
Speaker 4 (05:30):
The dinner is not the issue. It's the education that is.
Speaker 3 (05:33):
And when people come to the seminars and they sit there,
all odds are on the screen and on when we
talk about whatever topic it is because that's what they
came to listen to, to get educated.
Speaker 2 (05:43):
It's very simple, right, and that's why it's so important.
And then it's why our goal is to help you
take action. My gosh, we want to help you design
an income plan that so many people of you don't have.
We call it bucket planning. It's time to make sure
that you have a purpose with every account that you have.
Call today and we can set up a time to
meet with us. We can explain the bucket process, the
bucket planning process, and how it will benefit you for
(06:05):
have guaranteed income for the rest of your life. We
can explain the simple language of income planning, tax planning,
as well as investment planning. Even when we offer solutions,
and when we offer several choices, many of you ask
questions like would this be a better strategy for you
and your family and your business? Where do you think
or feel this would be more of efficient way to
(06:26):
stay out in front of all these challenges. Absolutely, is
your advisor asking you these same questions? And the question
is is probably? The answer is probably not. You know,
That's why we are different. That's why when you work
with an advisor who has your best interest in mind
from the very first time we meet, you can make
a better decision. And that's what we do so well. Maggie,
Tax Advisor and Financial Group. When you come in to
(06:47):
meet with us, We're going to talk to you. I
want to listen to you. We're going to ask you
what's on your mind. My gosh, there's so many different
ways and different things we need to discuss. It's not
just about your investments, it's about your incoming and your
future taxes. Taxes are our biggest expense. So what if
you have these great investments but they're causing unnecessary taxes?
(07:08):
Do you want to know? When? Would you want to know?
I would want to know now? So pick up the phone,
schedule time to meet with us eight three three Maggie tax.
Speaker 4 (07:15):
And here's the best thing.
Speaker 3 (07:16):
Our customers feel involved and participate rather than someone being
led around and not understanding what they're doing. The biggest
thing we see is well, I just bought this because
he told me or she told me. No, that's not it.
Do you understand? Because before you leave my office and
speak with Chris or you speak with Kirk, I want
you to know what we did, and you're going to
repeat back, Hey, this is what I understand. My taxes
(07:38):
are going to go down, my social security is are
going to be okay. This is what you have to
understand the language. And additionally, we always ask you questions
because it helps us build trust a lot more quicker
than you and effective and efficiently. I ask you a question,
I want you to answer it because it's going to
be your answer, not mine, and we build trust when
we ask about your concerns, and then we can create
(08:00):
a plan that is simple and easy to understand, and
we call it the Maggie Plan. You all know that
it's simple and easy to stand. So let me ask
you a question. I have a question for all of
you out there, and think about this. Wouldn't it be
amazing if we could develop a strategy that even if
no one knew what was going to happen, you would
still be protected.
Speaker 4 (08:22):
Think about that.
Speaker 3 (08:23):
Wouldn't it be amazing if we could develop a strategy
that even if no one knew what was going to happen,
you would still be protected.
Speaker 4 (08:31):
Chris? How powerful is that?
Speaker 2 (08:33):
Very powerful? And better still, wouldn't the ideal strategy be
one that allowed us to access the money that we
didn't lose so we could take advantage of the opportunity
that was being provided. So think about this for a second.
A lot of people think about the stock market. You
only have to make money if the market goes up. Well,
is the market going to just keep going up up, up, up,
(08:53):
up up up up? No, it goes down, right, So
what about these these turns? What about two thousand and one.
What about two thousand and eight, Many people went down
with it and if they had their retail broker, then
guess what, everyone went down with it. But not everybody,
not everyone in this world. That's why if you have
a complete plan or on the institutional side of investing,
(09:15):
my gosh, you have opportunities with a purpose, and that's
why you didn't go down forty percent like everybody else.
So not everyone is in the same boat. Not every
advisor is the same. You need to understand that many
people don't. So pick up the phone, schedule time to
meet with us. Let's get together, Let's learn about one another.
Let's talk about the different options for you so you
could take advantage of your retirement.
Speaker 3 (09:36):
And finally, wouldn't it be spectacular if we could do
all of this with little or no tax liability. If
you knew you could develop a strategy like that, when
would you want to get started? That's the question before
or after the next downturn that Chris was talking about.
So we just gave you a reason to contact Maggie
Tex today at eight three to three. Maggie Tex Visit
(09:57):
Maggie tax dot com recheter for all three and one
seven that we talk about state planning, social security planning,
and the big one right now is tax planning. Register
today and all the upcoming dates and locations are on
Maggie tax dot com. It's free, there's no selling, it's educational.
It's at a library, so you can sit down and
basically pay attention. Folks, it's up to you. You've got
(10:18):
to take action, not me, not Chris. We can help
you get there. If you have questions, you've got to
let us know what they are. Many of you listening
today are sitting back and you know, afraid to ask
a question.
Speaker 4 (10:28):
Well you shouldn't.
Speaker 3 (10:29):
They're afraid to ask, you know, what is my account doing?
Can we do a second opinion? Why are you doing that?
There's no reason to so pick up the phone eight
three to three, Maggie Tax. Visit our website, Maggie Tax
dot com. Don't forget. Every Sunday at ten thirty on
ABC TV, tune into the Maggie Tax.
Speaker 4 (10:46):
And Financial Show.
Speaker 3 (10:48):
We have a lot going on there, So pick up
the phone eight three three Maggie Tax. Visit Maggie Tax
dot com. You're listening to the Magi Tax and Financial Show.
Speaker 1 (10:57):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie tax dot com. That's
ma gg I tax dot com or call eight one
(11:19):
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty. Now your host
for the Maggie Tax and Financial Hour, father and son
from Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 3 (11:35):
Welcome back, and you're listening to the Maggie Tax and
Financial Show. I am Robert Maggie and I'm here with
Chris Maggie. And today we've been talking about the hidden
taxes because if the Trump tax cuts expire in two years,
not if, but when, we're going to have increase in taxes.
In fact, it surprises many clients that tax bracket rates
for middle American households were about thirty percent higher in
(11:56):
two thousand they are than they are today, and you
sit down with us will show that to you. So
put another way, a tax bracket rate increase of around
thirty percent would get us back to more historical norms
of the nineteen nineties and two thousands.
Speaker 4 (12:10):
And many of you listening shaking your head. Yes, he's right.
Speaker 3 (12:13):
So is your IRA protected from that hidden tax of
arising taxes? And I would say probably not, and if not,
why not? And that's why you should meet with us
so we can explain the language and help you understand.
And too many of you are focused on the growth
of your account, but all of you should focus on
the tax of that account because you have a mortgage
on that IRA and it will be paid back in
(12:35):
the form of taxes. So give us a call eight
three three Maggie Tax. Visit my website Maggie tax dot com.
Speaker 4 (12:41):
Challenge me.
Speaker 3 (12:42):
Go to the retirement tax bill and put your numbers
in there, put a tax rate in there. It's all there,
and in thirty seconds thirty seconds, you'll get a bill
back that'll show you what your retirement tax bill is
going to be. Chris Nolan's doing that. They're well, what
we just talked about the going for growth, going for growth.
But when you grow something and it's tax, defer to tax,
what happens to the tax side.
Speaker 2 (13:01):
Of it gets bigger and bigger and bigger, and that's it.
You know, you mentioned this and we talk about this
all the time, is do you have a mortgage on
the IRA? If you have a four one K a
step plan, a IRA, then guess what you have a
TSP that's traditional. Do you have an account that's infected
with taxes? You have a mortgage on that IRA account?
And you gosh, I mean you hit it on the head.
(13:22):
Most people, most advisors out there just focus on growth
and that's all they want to do. Yeah, we want
your account to grow, but they're not factor in what
we talked about last segment is at seven point five
percent annual growth loss, that's taxes.
Speaker 4 (13:35):
That's just today, that's crazy.
Speaker 2 (13:36):
But what happened. What happens when they do increase, and
when they do increase, then what are you going to do?
And how much of that could tax increase impact your
income levels? Do you know? You know? And if you don't,
then that's why it's time to pick up the phone,
schedule time to meet with us. We have obvious on
both sides of the bay. You need an income plan,
you need a tax plan, you need an income an
(13:57):
investment plan. All this stuff works together because we on
the stand taxes. We understand that when taxes increase, it
will reduce your income. What are you planning on doing
about it? That's the case, I mean, think about it.
If you need that one hundred dollars more a month
of income, but now it gets wiped away because you
got to pay Uncle Sam. That changes your lifestyle a living.
(14:19):
So what are you doing about it? Pick up the phone,
schedule time to meet with us eight three three, Maggie tax.
Speaker 3 (14:24):
Go back to the client that we met that had
We asked him and this is the question we ask
all of you, what is your income plan? And most
of the time, Chris, we get to look like I
don't know. And then the second part of it is
he had this huge brokerage account. It was a qualified
account and his answer was, well, I'll take what ten
percent out, twenty percent out? And you asked the question, well,
(14:45):
what if it goes down thirty percent? And that means
you're going to have less income and it's going to
run out sooner. So how about if we design a
plan that you won't run out of income and you'll
have it for the rest of your life. And the
biggest question he had. He said, Bobby, Chris, I want
to take care of my wife. I want to make
sure she doesn't run out of money. So, Chris, those
questions are very easy to ask, but they're very hard
(15:06):
for people to answer.
Speaker 2 (15:07):
Well, that's just it. I mean, that's why we do
what we do, right. You know, we're a specialist in
this field. We focus on what income plaining is all about,
and investment planning and complete planning and tax planning. That's
what we do. I mean, if you want me to
go ahead and build your car, then I would rely
on someone else for their specialties to do that kind
of thing. Right. But right now, when it comes to
your retirement, you need a specialist. You can't just with
(15:29):
a general practicier because they're just talking about selling you
something or just talking about retail investing. Well, that's not
what it's about. You really need to dial in on
your retirement and we can help you. So pick up
the phone and schedule a time to meet with us.
Eight three three Magi tex We have office on both
sides of the Bay. Every Sunday, we have the show
Maggie Tax and Financial Group of ten thirty on ABC TV.
(15:52):
If you're a federal employee, if you have questions about
your pension, my gosh, these benefits are so important to you.
But if you're a state employee, we can help you
there with the FRS program. There's a lot there to
help you. So pick up the phone, schedule time to
meet with us. Eight three three, Maggie Tax.
Speaker 3 (16:09):
So let's go back to the client I talked about
before and discuss the sixty year old who wants to
retire at age seventy. And we're going to keep all
the assumptions with one single change, and we're going to
assume over the next ten years, the client's effective tax
rate goes up thirty percent to normalize to more historical levels.
And remember, the Trump tax cuts will increase in twenty
(16:31):
twenty six. This will impact you and it's going to
impact everybody. So remember what we're talking about is the
Trump tax cuts will expire and everyone will have a
listen to this. Write it down a three percent increase
in twenty twenty six.
Speaker 4 (16:46):
Are you ready? I mean, Chris, they're not.
Speaker 2 (16:48):
They're not. They don't even know it's coming. A and B.
They really don't know what it means to their retirement
and that's why it's so important to come in and
meet with us, because let's put together an income slash
tax plan slash investment plan. Why not, right think about it,
What if you had buckets to put together where you
can take from the right spot and pay no tax.
(17:09):
What if you could take income from some other buckets
and pay a little bit in tax, and you can
choose if you want to take money from that last
bucket and pay one hundred percent in tax. That's your choice.
But that's why it's so important to understand how this
tax rate is going to hidden tax is going to
affect you and your retirement. And that's what we're talking
about in this example. That means this, this person's effective
(17:32):
tax rate would rise from twenty percent to twenty six percent.
That six percent increase in taxes just because when the
Trump tax cuts expire, that's what's going to happen.
Speaker 3 (17:43):
So the one hundred thousand IRA would still project and
listen to this an annual income of eight thousand and
five point fifty eight. And we didn't change the growth
rates for this example, so the pre tax number remains constant,
but we made tax changes. So now after taxes, he
only has six four hundred fourteen of spendable income rather
than six thousand, nine thirty four. And here's the bottom line.
(18:05):
That's a five hundred and twenty dollars pay cut year
after year, all because of the hidden tax of higher taxes.
And that five hundred and twenty annual loss represents a
seven point five percent reduction in income every year.
Speaker 2 (18:18):
So stay there for a second, because not only did
the reduction of income for that person, we're experiencing inflation.
So now if things cost more, then really the impact
is greater just because tax is in inflation. So what
are you doing about it? So pick up the phone,
schedule time to meet with us. And we talked about
what about market risk if that comes into play, if
(18:41):
the market goes down, then what happens? So, my gosh,
you need to put together a plan, a complete plan
eight three to three magi tax. Pick up the phone,
schedule time to meet with us. We'd love to meet
with you because there's so much there to help you
benefit your situation by putting together a plan, a complete plan,
a three to three magi tax.
Speaker 1 (19:00):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son, Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie Tax dot com. That's
Maggi tax dot com. Or call eight one three three
(19:23):
two two twenty five twenty. That's eight one three three
two two twenty five twenty. Now your host for the
Maggie Tax and Financial Hour, father and son from Maggie
Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 4 (19:38):
Welcome back and thanks for joining us today.
Speaker 3 (19:40):
My name is Robert Maggie and I'm here with my
son Chris Maggie. We are talking about a lot of information,
but more importantly a couple things that stand out. If
you're just tuning in, register for our seminars educational seminars
on estate planning, on tax planning, on social Security, and
a lot more So. Go to our website, Maggie Tax
dot com right now, click on some you'll see the
(20:00):
seminar dates and locations. Pick one that's convenient for you
and just register and spend some time with us. Also,
if you have a retirement account like an IRA A
four oh one k A four oh three b A TSP.
Remember it's all taxable, taxable at what rate. Well, if
you go to my retirement calculator on the top, right
click on it and in thirty seconds we can tell
you what your retirement tax bill will be and then
(20:23):
give us a call eight three to three, Maggie, tax
set a time.
Speaker 4 (20:26):
Let's have a conversation.
Speaker 3 (20:27):
Let's explain that to you so you understand it, because Chris,
so many people are confused today. We just talked about
legislative risk, but they don't know about you know, and
situational risk or situational changes.
Speaker 4 (20:38):
That has a lot.
Speaker 3 (20:39):
To do with every listener listening to this show and
watching our TV show on Sunday, because every situation correct
me if I'm wrong, is different.
Speaker 4 (20:47):
They're not all the same.
Speaker 2 (20:48):
That's it. And a lot of people exposed to have
exposure to risks. There's income risk where you could run
out of money. There's investment risk where if the market
goes down you can lose principle and you can lose interest.
What about tax risk? Talked about that previous segments. Today,
What if legislative risk changes and you go ahead and
have to pay more tax because they increase the percentage
(21:09):
of the taxes that you have to pay. That means
less income to you. What about a state planning risks?
If you don't have your accounts properly titled or beneficiaries
in the right spot, guess what you have probate risk?
So do you want all those different things? There's many
types of risks that you have to look at in retirement.
And why are we talking about this? Why do we
have a show like this?
Speaker 4 (21:29):
Why?
Speaker 2 (21:30):
Because there's so much information to talk about. We have
clients that we meet with each and every week and
they come to us and they want a full, complete plan.
They just don't want us to manage the money or
just to look at one thing. They want us to
do everything because they're looking for that advisor to do it.
And we can help you in many ways. You can
manage your own money, but what about the risk that
(21:50):
you have associated with it? Do you have it protected?
Do you have an idea? Are you doing bucket planning?
And that's why we need to meet, because you need
to understand the different options that are available out there
to protect you and yourself and also your family. So
pick up the phone, schedule time to meet with US
eight three to three Maggie tax There's so much there
to talk about. Schedule time to meet with US eight
(22:10):
three to three Maggie tax.
Speaker 3 (22:12):
Plan and simple. It's a financial puzzle that you have
to put together. So let's talk about a couple of
things that we always talk about. We talk about red money,
green money, or you red money yellow money. But what
is red money? Okay? Red money is all are the
majority of your retirement approach is subject to the risk
of changing taxes, not only changing taxes, but market risk.
Have you done a risk analysis to see what color
(22:35):
is your money? We have clients come in and we
talk about, you know, the percentages. Seventy percent of their
money is in red. You know, thirty percent is green
and they have no idea what that means. What it
means is that you're at risk. Okay, you may have
too much in overweight tax deferred assets like maybe deferred
annuities and four oh one K plans because this creates
a common driver of high retirement tax bill. And again
(22:57):
if you go to my retirement tax bill on Maggie,
you'll see exactly what this means. Why because qualified accounts
like four to one k's and I rays defer your
taxes to the future, and these types of accounts expose
you to higher risk if taxes rise in the future
or if regulation changes the tax rules that are applicable
(23:17):
to these accounts. Because look, if you don't understand the rules,
then you're not going to play the game correctly. Chris,
and am I right when I say that? Because you
have to understand the rules when you play monopoly, you
play cards. I play cards with you two kids all
the time. If you don't understand the rules, then you're
gonna lose and it's not fun anymore.
Speaker 2 (23:35):
And that's exactly right. So especially in the retirement game,
because if you're retired, guess what, you're retired, you're gonna
go back to work? Is someone going to hire? You?
Speaker 1 (23:42):
Know?
Speaker 2 (23:42):
You have to play that game. Now. You don't want
to write you retire for a reason because you know
you have enough money. You know you're gonna enjoy your retirement.
You're going to know that you're in position financially to
make sure you don't have to go back to work
each and every day. So when you do this, you're
exposed to risks, and these risks that are out there
if you can knock down those risks and eliminate them.
(24:03):
You don't have to worry about them. You don't have
to fall victim to them when they happen, because they're
going to happen to many, many people, and they're just
not prepared. We see it each and every day. Think
about this, how many people come in our office and
do not have an estate plan. They could be sixty,
sixty five, seventy, they could be fifty, and they have
no will, no estate planning, no proper beneficiary designation, no trust,
(24:24):
they have no documents. You think about that, all those
years they've saved, and guess what they're subject to estate
planning risks. Yeah.
Speaker 3 (24:33):
But the answer we always get us ah, yeah, but
I'm meaning to do it, or I didn't get to
it yet.
Speaker 2 (24:37):
That's not a good answer. But God, they'll get to it.
The government will get to it absolutely well. The point
here is that you can't just delay your retirement. You
can't delay the investments that you have. You can't delay
what's going on in the future for things that you
don't know what's going to happen. So do it now.
Put together an income plan now. Even if you're don
to retire in ten years out. Make sure you're set up.
(24:59):
What about your investment, don't wait five years or ten
years before retirement, do it now. If you're listening today,
let's get a second opinion. Let's look at your investments.
Let's do an investment review. Eliminate those investment risk if
you can, tax risk. We talk about that throughout the
whole show. It's not about tax preparation. It's about tax
strategies and making sure that you can get your money
(25:19):
out of an area that's infected with taxes. The tax
free money we can show you. So pick up the phone.
Schedule time to meet with us. We have obvious on
both sides of the bay. Eight three to three Magi
tax schedule time, a three to three Maggie tax.
Speaker 3 (25:31):
And one more thing. When you come to the seminar,
what Chris is talking about. We address a state planning.
Who gets what and how is it going to be
distributed the way you want it instead of going through probate.
So many of you listening today probably can answer and
shake your head. I don't have a plan. I don't
have a state planning, well, what we call enhanced planning.
You don't have a beneficiary on these accounts. Well, that's
the reason why we do these shows. You know, even
(25:53):
with the retirement calculator, this is something that will educate
you on wow, look what my tax bill is going
to be in retirement. So if you have a million
dollars in a qualified plan, I'm sorry, but I have
to be the one to tell you don't have a
million dollars in a retirement plan.
Speaker 2 (26:06):
You have that account's infected with taxes. And who wants
to be infected with anything? No one does, right, but
your retirement account is. And many people don't understand that
when you need it most, Guess what you have to
pay Uncle Sam, And it's a question mark tax rate.
Think about this. If five years down the road, say
inflation gets even crazier than it is now, and you
(26:27):
need to take more out of your retirement accounts, guess
what you have to pay Uncle Sam first? At what rate?
At his rate? That's called legislative risk. It's a question mark.
It could be it could be twenty percent now, but
in the future it could be twenty eight percent. Think
about it. That's less to you and more to Uncle Sam.
That changes your lifestyle. Who wants that you don't want
(26:48):
that that's why you need to get a plan. Pick
up the phone, schedule time to meet with us. I
don't care if you're about to retire retired, it doesn't matter.
You're going to be subject to these risks if you
don't look at them and monitor them. Pick up the phone,
schedule time to meet with us. Eight three three Maggie tax.
Write this down eight three to three, Maggie Tax.
Speaker 4 (27:06):
And you mentioned one thing before we wrote off first book.
Speaker 3 (27:08):
Stop funding Uncle Sam's retirement and get a plan that's
simple and easy to understand, because that's what everyone's doing
out there. You're funding Uncle Sam's retirement. Taxes are going
to be effective. So when you talk about red money,
it's risk. We want to take a look at that
for you. So, Chris, let's talk about yellow money, because
this is something that you know is confusing to people
because they don't understand the language. But as many times
(27:28):
as we have taken the red money off the table
and put it into green, we also can put some
money into yellow and there's a reason why we do that.
Speaker 2 (27:35):
Yeah, and yellow money is you can stay in the market,
that's fine, but have active money management. Make sure that's
a team behind you. You're better off with a team,
you're not better off by yourself. We all know that
if you've played sports, you know the power of a team.
And when you have someone who has the best interest
in your mind and they help you, then it's a
(27:55):
great team. So when you have yellow money, you have
more of a balance exposure to the risks of changing
taxes as well as the investment exposure. But there may
be more you can do. While some of these of
these assets are protected from tax changes, you might want
to consider additional diversification to meet your goals. When it
comes to protection from the risk of changing taxes. There's
protection inflation protection portfolios, there's portfolios using dividends. There's portfolios
(28:22):
if the market goes down you could take money. There's
inverse portfolios, there's markets where you have a buffer. So
there's a lot of different things you can do to
help you. Your retirement approach is likely well diversified to
protect against the risk of changing taxes. My gosh, think
about this. We're talking about each and every day taxes, taxes, taxes,
not just about tax preparation. It's your investment risk, it's
(28:44):
your income risk, it's your tax risk. Let's discuss what
your risk score is and how it relates to your
risk tolerance. Time and time again, we meet with husband
and wife and maybe the husband wants to be aggressive,
but the wife wants to be conservative. Is all your
money invested in in an aggressive stance? Do you know?
But we can help you if you come in and
(29:05):
meet with us. We can look at what you have
and do a second opinion, and then from there we
can show you what you kind of do create bucket
planning eight three three Maggie tax.
Speaker 4 (29:13):
Think about it. We talk about a financial puzzle.
Speaker 3 (29:16):
You have financial situations like your IRA and your four
oh one K managing risk that Chris is talking about
social security planning, retirement income planning? What about taxes? Taxes,
individual taxes? What about corporate and es corps? What about partnerships?
What about trust and the states? What about gift tax
This is what we talk to every client out there,
(29:37):
because you can't just go to one place and find
out the answers to these That's a financial puzzle. What
about legal How many of you do not have a
will and a trust or powers of attorney or nursing
home protection?
Speaker 4 (29:49):
What about charitable planning?
Speaker 3 (29:50):
How many of you are charitably inclined because this helps
you along the way, you know, as you get through retirement.
Because this is the financial puzzle that we're talking about.
What about insurance? What about life insurance? I know people say, well,
you know, I don't want life insurance because I don't
want to give it to the company. I can tell
you that we've helped a lot of people that have
had life insurance and get a tax free check when
(30:10):
that happens. I know you're not looking for that, but
that's part of what you do. What about fixed index anuities?
What about medicare? What about long term care? Are you
talking about this to your advisor? What about a funeral trust?
This is called holistic planning. This is called the Maggie Plan.
This is what we do. So for all of you
that are listening, go to our seminar. Go to Maggie
Tax Register for the seminars coming up about an hour
(30:32):
and a half of your time. It'll help you understand
the language.
Speaker 2 (30:36):
Get educated. And my gosh, you talk about so many
different topics right there that we go on and on
and on about each one of those, and it takes time.
And when you come in to meet with us, We're
going to educate you. We're going to sit down. We're
not going to overwhelm you or overpower you. That's not
what this is about. If you're looking for an advisor
that you can talk to, someone that you can take
your time with and get educated and make the right
decisions based on what you want, we can help pick
(30:57):
up the phone, schedule time to meet with us. Eight
three three Maggie Tax with a photo meeting with you.
Eight three three Maggie Tax.
Speaker 1 (31:05):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie Tax dot com. That's
ma Ggi tax dot com. Or call eight one three
(31:27):
three two two twenty five twenty. That's eight one three
three two two twenty five twenty now your host for
the Maggie Tax and Financial Hour, Father and son from
Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 3 (31:43):
Welcome back and you're listening to the Maggie Tax and
Financial Show. I am Robert Maggie and I'm here with
my son and co host, Chris Maggie. And be sure
to visit our website, Maggie tax dot com. Click on
the retirement calculator and see what your retirement tax bill
is going to be. But more importantly, make an appointment
and come in and have a conversation.
Speaker 4 (31:59):
With Chris and I. You will meet with both of us.
Speaker 3 (32:02):
We have offices in Palm Harbor, we have an office
in Loots, and we have an office in Saint Pete.
So pick up the phone, give us a call. We
have operated standing by right now.
Speaker 4 (32:10):
Give them a call.
Speaker 3 (32:11):
And while you're on the Maggie Tax website, click on
chat box. If you have a question about what we're
talking about today or any show that we do, let
us know. I just want to make a point because
a lot of things are changing. Chris and I know.
The House Democrats stated that one goal of these initiatives
is to avoid subsidizing retirement savings once account balances reach
(32:32):
high levels.
Speaker 4 (32:32):
What does that mean? It means that they're going to stop.
Speaker 3 (32:35):
Look, there are caps right now on IRA money that
you can put in for one K money. They're going
to have a level that you will reach that you
can't put any more in. And in my opinion, Congress
has shifted from incenticizing Americans to save for the future
to penalizing Americans who have successively saved. And what am
I talking about exactly what we're talking about today, that
(32:55):
retirement tax bill. You're going to save for a long time.
Now you're going to be with the tax at what rate?
Speaker 4 (33:01):
We don't know.
Speaker 3 (33:02):
We're at the lowest tax rates now, Chris, and we
talked about before strategic planning and you know, doing it right.
Speaker 4 (33:07):
I mean, what else do we have to do and.
Speaker 3 (33:09):
Tell people, explain to people that they need to sit
down and do something about their retirement.
Speaker 1 (33:15):
You know.
Speaker 2 (33:15):
And that's the thing. You know, things are changing. And
the fund that we're talking about here is that new
spending topics are in these bills that have included multitude
of new and expanded tax proposals for individuals and corporations.
And significantly many of these tax provisions have targeted iras,
fuming case, wroth accounts and other retirement vehicles. You know,
(33:37):
at a high level, these proposals represent a significant change
in the way Washington views for saving full retirement. So
think about this. They're working on these things, they're talking
about them. So what does that mean at some point
down the line, it's going to change. That's the legislative risk.
They will implement these and that's what we're talking about here.
(33:59):
So what are you doing now? What are you doing
listening to today's show? What are you thinking about? Do
you have questions? These not to scare you, but these
are concerns that are real. No one's talking about them,
and you're hearing them because we see this eaching every day.
They're going to go after the people who have the money.
If you have money listening today, they're coming after you,
(34:20):
either way for taxes, either way, another way for limiting
the amount that you can put away, as my dad mentioned,
to go ahead in your own retirement savings plan. So
what are you doing today to protect yourself, to take
advantage of these opportunities when they happen, not just falling
victim to them. You know, where's it written that you
have to lose thirty forty percent in your investment account
(34:41):
like everyone else? I hate it when people come in
and they say, well, you know, I'm down forty percent
like each and every one of my friends out there, Well,
it doesn't have to be you. You don't have to
go down that way. And that's what we're talking about.
Put together an investment plan, put together a tax plan,
put together in an income plan for your retirement, most
importantly in a state plan. And we can help you
(35:02):
out with all those. It's called the complete plan holistic approach.
That's what we do. We take a tax advisory approach
and everything we do to help you because that's our
biggest expense. Taxes, taxes, taxes, what are you doing about it?
A three three Maggie tax?
Speaker 3 (35:16):
And again, it's the language that you have to understand,
and you know a lot of people don't understand the
language because no one has taken the time to sit down.
We have a couple of books that we'll be willing
to give you when you come in. So when you
assess the impact of all this, a few important thoughts
on these proposals and new bills we may see in
the months ahead, and again Chris mentioned it. It's called
legislative risk. They can change the rules because it's written
(35:39):
in pencil, and even some in the media have suggested
that savers with lower retirement assets they don't need to
worry about tax changes discussed in these proposals. That's not
true either. This is where the talking heads don't fully
understand legislative risk. You know, you keep hearing it, you
keep seeing it, and then you believe it. But if
you don't understand it, then you're not going to know
(36:00):
what the real rule is. So as we work to
mitigate legislative risk in what we do in our retirement approaches,
we have to consider not just the provisions being discussed today,
but think about it how these provisions may develop, expand
and change in the future. The biggest one right now
is the Trump tax cuts. They're going to expire. Folks,
don't sit back and do nothing. At least sit down
(36:21):
and have a conversation, because your plan might be a
little bit different. You know, and this is especially true
we talk about it for qualified and roth accounts, where
new laws can take immediate effect, and in these accounts,
saviors could find themselves assessing their retirement funds under a
completely different set of rules. And folks, those are old
rules of retirement, and Chris, they have to understand the
(36:43):
new rules of retirement. We push so hard to help
people understand the language and sit down it's not going
to hurt.
Speaker 2 (36:50):
That's just it. You know, you mentioned it. Let's have
a conversation. You know, right now, we can meet with you.
We can sit down and have these conversations with you
so you are not surprised in the future. You know,
take some time out of your day, out of your week.
I know you work, I know you're retired. I know
you play golf. I know you have the kids, the grandkids.
I understand, we get it. It's called life. But right
(37:13):
now you need to park it out for you. Park
some time out where you can put together a plan
so you have the confidence, the clarity, you know, the
direction moving forward, so you can enjoy yourself. You know,
we strongly agree and feel that legislative risk is going
to be a key component for many people out there
(37:33):
in the retirement lives. They're going to be effective. So
let's take advantage of these opportunities as opposed to falling
victim too of them. You know, the legislative environment is
going to change. We all know it. What are you
doing about it? So pick up the phone, schedule time
to meet with us. Let's put together an income plan
for you. Let's put together and assets where they come
(37:55):
in each and every month for guaranteed income. Let's put
together an investment plan so you understand each and every
one of your buckets and what do they do. What
kind of risk you're taking with your money, whether it's safety,
whether it's long term growth, whether it's to fight inflation.
What about your overall tax plan. Let's put that together
so you understand what's taxable, what's non taxable in retirement,
so when you need money, you go grab it in
(38:16):
the most tax efficient way. And most importantly, what about
an estate plan. Do you have an estate plan? Do
you want to make sure that each and every year
account passes and stays in your family. Well, that's what
we can do for you. So pick up the phone.
Schedule time to meet with us. Eight three three Maggie
Tax and don't forget every Sunday on ABC TV for
the Maggie Tax and Financial Show at ten thirty am.
(38:36):
And thank you so much for tuning into our show.
Speaker 1 (38:39):
You've been listening to the Maggie Tax and Financial Hour
discussing tax planning investment strategy is presented by Robert and
Chris Maggie from Maggie Tax Advisory and Financial Services with
offices in Hillsboro and Panelas County. Visit Maggie tax dot
com or call eight one three three two two twenty
five twenty. That's eight one three three two two twenty
(39:01):
five twenty and tune in next Saturday at five for
the Maggie Tax and Financial Hour
All these years you've saved up planning for secure retirement,
but if you're not careful, it will be the irs
that's living it up when you retire by taxing your
hard earned money. Welcome to the Maggie Tax and Financial
Hour with Robert and Chris Maggie of Maggie Tax Advisory
and Financial Group. With over thirty years of combined experience
in tax savings, income planning, and investment opportunities, Robert and
(00:22):
Chris share advice and tax planning strategies designed to protect
your retirement nest egg from Uncle Sam. Your questions and
comments are welcome during today's program by calling eight one
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty, or visit Maggie
Tax dot Com. That's Maggi Tax dot com and now
(00:46):
your host for the Maggie Tax Financial Hour on nine
seventy WFLA. Robert and Chris Maggie.
Speaker 2 (00:53):
Welcome everyone, and thanks for tuning into the Maggie Tax
and the Financial Show, and each and every week we
are so glad to be here. Why because we can
empower How are you in so many different ways for
your retirement future. For so many years we have been
sharing retirement strategies and concepts that work. We have explained
the tremendous benefits of working with Maggie Tax Advisory and
(01:13):
creating the Maggie Plan so you could take action and
create a retirement plan that's simple and easy for you
to understand. Whether it's tax planning, or income planning, or
investment planning, or social security or Medicare planning, we can
help and even a state planning as well. So if
you have questions on where do I go for a
will or a trust or a pal of attorney, or
(01:35):
to have more income on a most tax efficient way,
or what about my investments and rollover forming k we
can help. Pick up the phone, schedule time to meet
with us. Eight three to three Magi Tax. That's eight
three three Maggie Tax and today, as always, I'm here
with my dad and coast of the show, Robert Maggie.
So welcome everyone, and let's start with today's show.
Speaker 3 (01:53):
Absolutely, thank you for joining us today and you're listening
to the Maggie Tax and Financial Show. Be sure to
visit our website maggix dot com, click on the retirement
bill and find out what your retirement bill is going
to be in thirty seconds, and you have to decide
that you want to take action to successfully deal with
the challenges that we're going to face to achieve financial
success and retirement success and financial freedom.
Speaker 4 (02:17):
A lot of things are changing.
Speaker 3 (02:18):
Legislature, risk is there, We're going to have our taxes
changed in two years. There's so many things going on.
Financial freedom is the ultimate goal for all Americans. I
don't care how old you are, and I've asked you
many times if you wanted to understand the new language
regarding retirement planning, and if you're working with an advisor
that does not have your best interest in mind, it's
(02:39):
time to get a second opinion eight three to three
Maggie tax. And if he or she tells you that
he has the best stock, the best bond, or a
mutual fund with the best interest rate, the lowest premium,
the highest cash value, would that be enough to inspire
you to want to buy from him. I'm a member
of a five oh one C three organization. It's called
the Association of Financial Consultants, and we are an educational
(03:03):
resource for those close to retirement or recently retired, or
anyone out there and we have seminars that are educational
workshops and they're presented by a select few retirement specialist
who work with Maggie Tax and we are dedicated to
educating the public. The bottom line here is there's no
selling and there's no sales pitch. I had a gentleman
come to me and he said, you're a great salesman.
Speaker 4 (03:24):
No I'm not.
Speaker 3 (03:25):
I'm not a salesman because I don't sell a product.
There's a service and a strategy that you have to
understand and what's strictly for educational purposes. And for many
of you that have worked with us, this is what
you know already. You have the opportunity to meet one
with when you register our seminar, go on our website
on Maggie tax dot com. It's a state planning, social
security planning and taxes and Chris. One thing I will say,
(03:47):
and this is important. Telling is selling and we do
not do that. Asking is advocating, and that's what it's about.
You know, we're here to educate you. There's so much
to talk about. My gosh, I mean, think about it.
Do you want just investment.
Speaker 2 (04:00):
That grows and grows and grows and then you get
tax heavily from it. No, it doesn't work that way
because that's not the complete job. I mean, do you
want to put together a great plan, but then again
your accounts have to go through probate if something happens
to you. No, that's not a great plan. Do you
want all this income and then get smashed with taxes? No,
that's not a great plan either. So you have to
(04:21):
make sure that all these different strategies work together. And
that's why we call it the Maggi plan. You need
a complete plan. Our clients have complete plans. It's tax planning,
income planning, investment planning, a state planning. My gosh, you know,
many advisors don't even talk to their CPA. Many many
advisors don't even talk to their estate planning attorney. Many
(04:42):
advisors don't even have these combinations put together for their clients.
We do pick up the phone, schedule time to meet
with us because we can help eight three to three
Maggi tax and.
Speaker 3 (04:50):
One thing I always say, the more you tell someone something,
the more they tend not to believe you. So what
are they trying to sell me? Or even worse, what
are they not telling me? That's the case, telling doesn't work.
Educating does.
Speaker 4 (05:03):
And you know this.
Speaker 3 (05:04):
When you go to school, you get educated, so you
know what you're studying and what you should know. Our
customers don't care how much we know until they know
how much we care. And we do this at every
event because it's about you. Everything is about you. And
register now at Maggie tax from one of what seminars.
It's for our education seminars. It's free, there's no cost,
no obligation. You know what the best thing is. We
(05:26):
do it at libraries. I don't buy dinners anymore for anybody, Chris,
It's doesn't work.
Speaker 4 (05:30):
The dinner is not the issue. It's the education that is.
Speaker 3 (05:33):
And when people come to the seminars and they sit there,
all odds are on the screen and on when we
talk about whatever topic it is because that's what they
came to listen to, to get educated.
Speaker 2 (05:43):
It's very simple, right, and that's why it's so important.
And then it's why our goal is to help you
take action. My gosh, we want to help you design
an income plan that so many people of you don't have.
We call it bucket planning. It's time to make sure
that you have a purpose with every account that you have.
Call today and we can set up a time to
meet with us. We can explain the bucket process, the
bucket planning process, and how it will benefit you for
(06:05):
have guaranteed income for the rest of your life. We
can explain the simple language of income planning, tax planning,
as well as investment planning. Even when we offer solutions,
and when we offer several choices, many of you ask
questions like would this be a better strategy for you
and your family and your business? Where do you think
or feel this would be more of efficient way to
(06:26):
stay out in front of all these challenges. Absolutely, is
your advisor asking you these same questions? And the question
is is probably? The answer is probably not. You know,
That's why we are different. That's why when you work
with an advisor who has your best interest in mind
from the very first time we meet, you can make
a better decision. And that's what we do so well. Maggie,
Tax Advisor and Financial Group. When you come in to
(06:47):
meet with us, We're going to talk to you. I
want to listen to you. We're going to ask you
what's on your mind. My gosh, there's so many different
ways and different things we need to discuss. It's not
just about your investments, it's about your incoming and your
future taxes. Taxes are our biggest expense. So what if
you have these great investments but they're causing unnecessary taxes?
(07:08):
Do you want to know? When? Would you want to know?
I would want to know now? So pick up the phone,
schedule time to meet with us eight three three Maggie tax.
Speaker 4 (07:15):
And here's the best thing.
Speaker 3 (07:16):
Our customers feel involved and participate rather than someone being
led around and not understanding what they're doing. The biggest
thing we see is well, I just bought this because
he told me or she told me. No, that's not it.
Do you understand? Because before you leave my office and
speak with Chris or you speak with Kirk, I want
you to know what we did, and you're going to
repeat back, Hey, this is what I understand. My taxes
(07:38):
are going to go down, my social security is are
going to be okay. This is what you have to
understand the language. And additionally, we always ask you questions
because it helps us build trust a lot more quicker
than you and effective and efficiently. I ask you a question,
I want you to answer it because it's going to
be your answer, not mine, and we build trust when
we ask about your concerns, and then we can create
(08:00):
a plan that is simple and easy to understand, and
we call it the Maggie Plan. You all know that
it's simple and easy to stand. So let me ask
you a question. I have a question for all of
you out there, and think about this. Wouldn't it be
amazing if we could develop a strategy that even if
no one knew what was going to happen, you would
still be protected.
Speaker 4 (08:22):
Think about that.
Speaker 3 (08:23):
Wouldn't it be amazing if we could develop a strategy
that even if no one knew what was going to happen,
you would still be protected.
Speaker 4 (08:31):
Chris? How powerful is that?
Speaker 2 (08:33):
Very powerful? And better still, wouldn't the ideal strategy be
one that allowed us to access the money that we
didn't lose so we could take advantage of the opportunity
that was being provided. So think about this for a second.
A lot of people think about the stock market. You
only have to make money if the market goes up. Well,
is the market going to just keep going up up, up, up,
(08:53):
up up up up? No, it goes down, right, So
what about these these turns? What about two thousand and one.
What about two thousand and eight, Many people went down
with it and if they had their retail broker, then
guess what, everyone went down with it. But not everybody,
not everyone in this world. That's why if you have
a complete plan or on the institutional side of investing,
(09:15):
my gosh, you have opportunities with a purpose, and that's
why you didn't go down forty percent like everybody else.
So not everyone is in the same boat. Not every
advisor is the same. You need to understand that many
people don't. So pick up the phone, schedule time to
meet with us. Let's get together, Let's learn about one another.
Let's talk about the different options for you so you
could take advantage of your retirement.
Speaker 3 (09:36):
And finally, wouldn't it be spectacular if we could do
all of this with little or no tax liability. If
you knew you could develop a strategy like that, when
would you want to get started? That's the question before
or after the next downturn that Chris was talking about.
So we just gave you a reason to contact Maggie
Tex today at eight three to three. Maggie Tex Visit
(09:57):
Maggie tax dot com recheter for all three and one
seven that we talk about state planning, social security planning,
and the big one right now is tax planning. Register
today and all the upcoming dates and locations are on
Maggie tax dot com. It's free, there's no selling, it's educational.
It's at a library, so you can sit down and
basically pay attention. Folks, it's up to you. You've got
(10:18):
to take action, not me, not Chris. We can help
you get there. If you have questions, you've got to
let us know what they are. Many of you listening
today are sitting back and you know, afraid to ask
a question.
Speaker 4 (10:28):
Well you shouldn't.
Speaker 3 (10:29):
They're afraid to ask, you know, what is my account doing?
Can we do a second opinion? Why are you doing that?
There's no reason to so pick up the phone eight
three to three, Maggie Tax. Visit our website, Maggie Tax
dot com. Don't forget. Every Sunday at ten thirty on
ABC TV, tune into the Maggie Tax.
Speaker 4 (10:46):
And Financial Show.
Speaker 3 (10:48):
We have a lot going on there, So pick up
the phone eight three three Maggie Tax. Visit Maggie Tax
dot com. You're listening to the Magi Tax and Financial Show.
Speaker 1 (10:57):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie tax dot com. That's
ma gg I tax dot com or call eight one
(11:19):
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty. Now your host
for the Maggie Tax and Financial Hour, father and son
from Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 3 (11:35):
Welcome back, and you're listening to the Maggie Tax and
Financial Show. I am Robert Maggie and I'm here with
Chris Maggie. And today we've been talking about the hidden
taxes because if the Trump tax cuts expire in two years,
not if, but when, we're going to have increase in taxes.
In fact, it surprises many clients that tax bracket rates
for middle American households were about thirty percent higher in
(11:56):
two thousand they are than they are today, and you
sit down with us will show that to you. So
put another way, a tax bracket rate increase of around
thirty percent would get us back to more historical norms
of the nineteen nineties and two thousands.
Speaker 4 (12:10):
And many of you listening shaking your head. Yes, he's right.
Speaker 3 (12:13):
So is your IRA protected from that hidden tax of
arising taxes? And I would say probably not, and if not,
why not? And that's why you should meet with us
so we can explain the language and help you understand.
And too many of you are focused on the growth
of your account, but all of you should focus on
the tax of that account because you have a mortgage
on that IRA and it will be paid back in
(12:35):
the form of taxes. So give us a call eight
three three Maggie Tax. Visit my website Maggie tax dot com.
Speaker 4 (12:41):
Challenge me.
Speaker 3 (12:42):
Go to the retirement tax bill and put your numbers
in there, put a tax rate in there. It's all there,
and in thirty seconds thirty seconds, you'll get a bill
back that'll show you what your retirement tax bill is
going to be. Chris Nolan's doing that. They're well, what
we just talked about the going for growth, going for growth.
But when you grow something and it's tax, defer to tax,
what happens to the tax side.
Speaker 2 (13:01):
Of it gets bigger and bigger and bigger, and that's it.
You know, you mentioned this and we talk about this
all the time, is do you have a mortgage on
the IRA? If you have a four one K a
step plan, a IRA, then guess what you have a
TSP that's traditional. Do you have an account that's infected
with taxes? You have a mortgage on that IRA account?
And you gosh, I mean you hit it on the head.
(13:22):
Most people, most advisors out there just focus on growth
and that's all they want to do. Yeah, we want
your account to grow, but they're not factor in what
we talked about last segment is at seven point five
percent annual growth loss, that's taxes.
Speaker 4 (13:35):
That's just today, that's crazy.
Speaker 2 (13:36):
But what happened. What happens when they do increase, and
when they do increase, then what are you going to do?
And how much of that could tax increase impact your
income levels? Do you know? You know? And if you don't,
then that's why it's time to pick up the phone,
schedule time to meet with us. We have obvious on
both sides of the bay. You need an income plan,
you need a tax plan, you need an income an
(13:57):
investment plan. All this stuff works together because we on
the stand taxes. We understand that when taxes increase, it
will reduce your income. What are you planning on doing
about it? That's the case, I mean, think about it.
If you need that one hundred dollars more a month
of income, but now it gets wiped away because you
got to pay Uncle Sam. That changes your lifestyle a living.
(14:19):
So what are you doing about it? Pick up the phone,
schedule time to meet with us eight three three, Maggie tax.
Speaker 3 (14:24):
Go back to the client that we met that had
We asked him and this is the question we ask
all of you, what is your income plan? And most
of the time, Chris, we get to look like I
don't know. And then the second part of it is
he had this huge brokerage account. It was a qualified
account and his answer was, well, I'll take what ten
percent out, twenty percent out? And you asked the question, well,
(14:45):
what if it goes down thirty percent? And that means
you're going to have less income and it's going to
run out sooner. So how about if we design a
plan that you won't run out of income and you'll
have it for the rest of your life. And the
biggest question he had. He said, Bobby, Chris, I want
to take care of my wife. I want to make
sure she doesn't run out of money. So, Chris, those
questions are very easy to ask, but they're very hard
(15:06):
for people to answer.
Speaker 2 (15:07):
Well, that's just it. I mean, that's why we do
what we do, right. You know, we're a specialist in
this field. We focus on what income plaining is all about,
and investment planning and complete planning and tax planning. That's
what we do. I mean, if you want me to
go ahead and build your car, then I would rely
on someone else for their specialties to do that kind
of thing. Right. But right now, when it comes to
your retirement, you need a specialist. You can't just with
(15:29):
a general practicier because they're just talking about selling you
something or just talking about retail investing. Well, that's not
what it's about. You really need to dial in on
your retirement and we can help you. So pick up
the phone and schedule a time to meet with us.
Eight three three Magi tex We have office on both
sides of the Bay. Every Sunday, we have the show
Maggie Tax and Financial Group of ten thirty on ABC TV.
(15:52):
If you're a federal employee, if you have questions about
your pension, my gosh, these benefits are so important to you.
But if you're a state employee, we can help you
there with the FRS program. There's a lot there to
help you. So pick up the phone, schedule time to
meet with us. Eight three three, Maggie Tax.
Speaker 3 (16:09):
So let's go back to the client I talked about
before and discuss the sixty year old who wants to
retire at age seventy. And we're going to keep all
the assumptions with one single change, and we're going to
assume over the next ten years, the client's effective tax
rate goes up thirty percent to normalize to more historical levels.
And remember, the Trump tax cuts will increase in twenty
(16:31):
twenty six. This will impact you and it's going to
impact everybody. So remember what we're talking about is the
Trump tax cuts will expire and everyone will have a
listen to this. Write it down a three percent increase
in twenty twenty six.
Speaker 4 (16:46):
Are you ready? I mean, Chris, they're not.
Speaker 2 (16:48):
They're not. They don't even know it's coming. A and B.
They really don't know what it means to their retirement
and that's why it's so important to come in and
meet with us, because let's put together an income slash
tax plan slash investment plan. Why not, right think about it,
What if you had buckets to put together where you
can take from the right spot and pay no tax.
(17:09):
What if you could take income from some other buckets
and pay a little bit in tax, and you can
choose if you want to take money from that last
bucket and pay one hundred percent in tax. That's your choice.
But that's why it's so important to understand how this
tax rate is going to hidden tax is going to
affect you and your retirement. And that's what we're talking
about in this example. That means this, this person's effective
(17:32):
tax rate would rise from twenty percent to twenty six percent.
That six percent increase in taxes just because when the
Trump tax cuts expire, that's what's going to happen.
Speaker 3 (17:43):
So the one hundred thousand IRA would still project and
listen to this an annual income of eight thousand and
five point fifty eight. And we didn't change the growth
rates for this example, so the pre tax number remains constant,
but we made tax changes. So now after taxes, he
only has six four hundred fourteen of spendable income rather
than six thousand, nine thirty four. And here's the bottom line.
(18:05):
That's a five hundred and twenty dollars pay cut year
after year, all because of the hidden tax of higher taxes.
And that five hundred and twenty annual loss represents a
seven point five percent reduction in income every year.
Speaker 2 (18:18):
So stay there for a second, because not only did
the reduction of income for that person, we're experiencing inflation.
So now if things cost more, then really the impact
is greater just because tax is in inflation. So what
are you doing about it? So pick up the phone,
schedule time to meet with us. And we talked about
what about market risk if that comes into play, if
(18:41):
the market goes down, then what happens? So, my gosh,
you need to put together a plan, a complete plan
eight three to three magi tax. Pick up the phone,
schedule time to meet with us. We'd love to meet
with you because there's so much there to help you
benefit your situation by putting together a plan, a complete plan,
a three to three magi tax.
Speaker 1 (19:00):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son, Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie Tax dot com. That's
Maggi tax dot com. Or call eight one three three
(19:23):
two two twenty five twenty. That's eight one three three
two two twenty five twenty. Now your host for the
Maggie Tax and Financial Hour, father and son from Maggie
Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 4 (19:38):
Welcome back and thanks for joining us today.
Speaker 3 (19:40):
My name is Robert Maggie and I'm here with my
son Chris Maggie. We are talking about a lot of information,
but more importantly a couple things that stand out. If
you're just tuning in, register for our seminars educational seminars
on estate planning, on tax planning, on social Security, and
a lot more So. Go to our website, Maggie Tax
dot com right now, click on some you'll see the
(20:00):
seminar dates and locations. Pick one that's convenient for you
and just register and spend some time with us. Also,
if you have a retirement account like an IRA A
four oh one k A four oh three b A TSP.
Remember it's all taxable, taxable at what rate. Well, if
you go to my retirement calculator on the top, right
click on it and in thirty seconds we can tell
you what your retirement tax bill will be and then
(20:23):
give us a call eight three to three, Maggie, tax
set a time.
Speaker 4 (20:26):
Let's have a conversation.
Speaker 3 (20:27):
Let's explain that to you so you understand it, because Chris,
so many people are confused today. We just talked about
legislative risk, but they don't know about you know, and
situational risk or situational changes.
Speaker 4 (20:38):
That has a lot.
Speaker 3 (20:39):
To do with every listener listening to this show and
watching our TV show on Sunday, because every situation correct
me if I'm wrong, is different.
Speaker 4 (20:47):
They're not all the same.
Speaker 2 (20:48):
That's it. And a lot of people exposed to have
exposure to risks. There's income risk where you could run
out of money. There's investment risk where if the market
goes down you can lose principle and you can lose interest.
What about tax risk? Talked about that previous segments. Today,
What if legislative risk changes and you go ahead and
have to pay more tax because they increase the percentage
(21:09):
of the taxes that you have to pay. That means
less income to you. What about a state planning risks?
If you don't have your accounts properly titled or beneficiaries
in the right spot, guess what you have probate risk?
So do you want all those different things? There's many
types of risks that you have to look at in retirement.
And why are we talking about this? Why do we
have a show like this?
Speaker 4 (21:29):
Why?
Speaker 2 (21:30):
Because there's so much information to talk about. We have
clients that we meet with each and every week and
they come to us and they want a full, complete plan.
They just don't want us to manage the money or
just to look at one thing. They want us to
do everything because they're looking for that advisor to do it.
And we can help you in many ways. You can
manage your own money, but what about the risk that
(21:50):
you have associated with it? Do you have it protected?
Do you have an idea? Are you doing bucket planning?
And that's why we need to meet, because you need
to understand the different options that are available out there
to protect you and yourself and also your family. So
pick up the phone, schedule time to meet with US
eight three to three Maggie tax There's so much there
to talk about. Schedule time to meet with US eight
(22:10):
three to three Maggie tax.
Speaker 3 (22:12):
Plan and simple. It's a financial puzzle that you have
to put together. So let's talk about a couple of
things that we always talk about. We talk about red money,
green money, or you red money yellow money. But what
is red money? Okay? Red money is all are the
majority of your retirement approach is subject to the risk
of changing taxes, not only changing taxes, but market risk.
Have you done a risk analysis to see what color
(22:35):
is your money? We have clients come in and we
talk about, you know, the percentages. Seventy percent of their
money is in red. You know, thirty percent is green
and they have no idea what that means. What it
means is that you're at risk. Okay, you may have
too much in overweight tax deferred assets like maybe deferred
annuities and four oh one K plans because this creates
a common driver of high retirement tax bill. And again
(22:57):
if you go to my retirement tax bill on Maggie,
you'll see exactly what this means. Why because qualified accounts
like four to one k's and I rays defer your
taxes to the future, and these types of accounts expose
you to higher risk if taxes rise in the future
or if regulation changes the tax rules that are applicable
(23:17):
to these accounts. Because look, if you don't understand the rules,
then you're not going to play the game correctly. Chris,
and am I right when I say that? Because you
have to understand the rules when you play monopoly, you
play cards. I play cards with you two kids all
the time. If you don't understand the rules, then you're
gonna lose and it's not fun anymore.
Speaker 2 (23:35):
And that's exactly right. So especially in the retirement game,
because if you're retired, guess what, you're retired, you're gonna
go back to work? Is someone going to hire? You?
Speaker 1 (23:42):
Know?
Speaker 2 (23:42):
You have to play that game. Now. You don't want
to write you retire for a reason because you know
you have enough money. You know you're gonna enjoy your retirement.
You're going to know that you're in position financially to
make sure you don't have to go back to work
each and every day. So when you do this, you're
exposed to risks, and these risks that are out there
if you can knock down those risks and eliminate them.
(24:03):
You don't have to worry about them. You don't have
to fall victim to them when they happen, because they're
going to happen to many, many people, and they're just
not prepared. We see it each and every day. Think
about this, how many people come in our office and
do not have an estate plan. They could be sixty,
sixty five, seventy, they could be fifty, and they have
no will, no estate planning, no proper beneficiary designation, no trust,
(24:24):
they have no documents. You think about that, all those
years they've saved, and guess what they're subject to estate
planning risks. Yeah.
Speaker 3 (24:33):
But the answer we always get us ah, yeah, but
I'm meaning to do it, or I didn't get to
it yet.
Speaker 2 (24:37):
That's not a good answer. But God, they'll get to it.
The government will get to it absolutely well. The point
here is that you can't just delay your retirement. You
can't delay the investments that you have. You can't delay
what's going on in the future for things that you
don't know what's going to happen. So do it now.
Put together an income plan now. Even if you're don
to retire in ten years out. Make sure you're set up.
(24:59):
What about your investment, don't wait five years or ten
years before retirement, do it now. If you're listening today,
let's get a second opinion. Let's look at your investments.
Let's do an investment review. Eliminate those investment risk if
you can, tax risk. We talk about that throughout the
whole show. It's not about tax preparation. It's about tax
strategies and making sure that you can get your money
(25:19):
out of an area that's infected with taxes. The tax
free money we can show you. So pick up the phone.
Schedule time to meet with us. We have obvious on
both sides of the bay. Eight three to three Magi
tax schedule time, a three to three Maggie tax.
Speaker 3 (25:31):
And one more thing. When you come to the seminar,
what Chris is talking about. We address a state planning.
Who gets what and how is it going to be
distributed the way you want it instead of going through probate.
So many of you listening today probably can answer and
shake your head. I don't have a plan. I don't
have a state planning, well, what we call enhanced planning.
You don't have a beneficiary on these accounts. Well, that's
the reason why we do these shows. You know, even
(25:53):
with the retirement calculator, this is something that will educate
you on wow, look what my tax bill is going
to be in retirement. So if you have a million
dollars in a qualified plan, I'm sorry, but I have
to be the one to tell you don't have a
million dollars in a retirement plan.
Speaker 2 (26:06):
You have that account's infected with taxes. And who wants
to be infected with anything? No one does, right, but
your retirement account is. And many people don't understand that
when you need it most, Guess what you have to
pay Uncle Sam, And it's a question mark tax rate.
Think about this. If five years down the road, say
inflation gets even crazier than it is now, and you
(26:27):
need to take more out of your retirement accounts, guess
what you have to pay Uncle Sam first? At what rate?
At his rate? That's called legislative risk. It's a question mark.
It could be it could be twenty percent now, but
in the future it could be twenty eight percent. Think
about it. That's less to you and more to Uncle Sam.
That changes your lifestyle. Who wants that you don't want
(26:48):
that that's why you need to get a plan. Pick
up the phone, schedule time to meet with us. I
don't care if you're about to retire retired, it doesn't matter.
You're going to be subject to these risks if you
don't look at them and monitor them. Pick up the phone,
schedule time to meet with us. Eight three three Maggie tax.
Write this down eight three to three, Maggie Tax.
Speaker 4 (27:06):
And you mentioned one thing before we wrote off first book.
Speaker 3 (27:08):
Stop funding Uncle Sam's retirement and get a plan that's
simple and easy to understand, because that's what everyone's doing
out there. You're funding Uncle Sam's retirement. Taxes are going
to be effective. So when you talk about red money,
it's risk. We want to take a look at that
for you. So, Chris, let's talk about yellow money, because
this is something that you know is confusing to people
because they don't understand the language. But as many times
(27:28):
as we have taken the red money off the table
and put it into green, we also can put some
money into yellow and there's a reason why we do that.
Speaker 2 (27:35):
Yeah, and yellow money is you can stay in the market,
that's fine, but have active money management. Make sure that's
a team behind you. You're better off with a team,
you're not better off by yourself. We all know that
if you've played sports, you know the power of a team.
And when you have someone who has the best interest
in your mind and they help you, then it's a
(27:55):
great team. So when you have yellow money, you have
more of a balance exposure to the risks of changing
taxes as well as the investment exposure. But there may
be more you can do. While some of these of
these assets are protected from tax changes, you might want
to consider additional diversification to meet your goals. When it
comes to protection from the risk of changing taxes. There's
protection inflation protection portfolios, there's portfolios using dividends. There's portfolios
(28:22):
if the market goes down you could take money. There's
inverse portfolios, there's markets where you have a buffer. So
there's a lot of different things you can do to
help you. Your retirement approach is likely well diversified to
protect against the risk of changing taxes. My gosh, think
about this. We're talking about each and every day taxes, taxes, taxes,
not just about tax preparation. It's your investment risk, it's
(28:44):
your income risk, it's your tax risk. Let's discuss what
your risk score is and how it relates to your
risk tolerance. Time and time again, we meet with husband
and wife and maybe the husband wants to be aggressive,
but the wife wants to be conservative. Is all your
money invested in in an aggressive stance? Do you know?
But we can help you if you come in and
(29:05):
meet with us. We can look at what you have
and do a second opinion, and then from there we
can show you what you kind of do create bucket
planning eight three three Maggie tax.
Speaker 4 (29:13):
Think about it. We talk about a financial puzzle.
Speaker 3 (29:16):
You have financial situations like your IRA and your four
oh one K managing risk that Chris is talking about
social security planning, retirement income planning? What about taxes? Taxes,
individual taxes? What about corporate and es corps? What about partnerships?
What about trust and the states? What about gift tax
This is what we talk to every client out there,
(29:37):
because you can't just go to one place and find
out the answers to these That's a financial puzzle. What
about legal How many of you do not have a
will and a trust or powers of attorney or nursing
home protection?
Speaker 4 (29:49):
What about charitable planning?
Speaker 3 (29:50):
How many of you are charitably inclined because this helps
you along the way, you know, as you get through retirement.
Because this is the financial puzzle that we're talking about.
What about insurance? What about life insurance? I know people say, well,
you know, I don't want life insurance because I don't
want to give it to the company. I can tell
you that we've helped a lot of people that have
had life insurance and get a tax free check when
(30:10):
that happens. I know you're not looking for that, but
that's part of what you do. What about fixed index anuities?
What about medicare? What about long term care? Are you
talking about this to your advisor? What about a funeral trust?
This is called holistic planning. This is called the Maggie Plan.
This is what we do. So for all of you
that are listening, go to our seminar. Go to Maggie
Tax Register for the seminars coming up about an hour
(30:32):
and a half of your time. It'll help you understand
the language.
Speaker 2 (30:36):
Get educated. And my gosh, you talk about so many
different topics right there that we go on and on
and on about each one of those, and it takes time.
And when you come in to meet with us, We're
going to educate you. We're going to sit down. We're
not going to overwhelm you or overpower you. That's not
what this is about. If you're looking for an advisor
that you can talk to, someone that you can take
your time with and get educated and make the right
decisions based on what you want, we can help pick
(30:57):
up the phone, schedule time to meet with us. Eight
three three Maggie Tax with a photo meeting with you.
Eight three three Maggie Tax.
Speaker 1 (31:05):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie Tax dot com. That's
ma Ggi tax dot com. Or call eight one three
(31:27):
three two two twenty five twenty. That's eight one three
three two two twenty five twenty now your host for
the Maggie Tax and Financial Hour, Father and son from
Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 3 (31:43):
Welcome back and you're listening to the Maggie Tax and
Financial Show. I am Robert Maggie and I'm here with
my son and co host, Chris Maggie. And be sure
to visit our website, Maggie tax dot com. Click on
the retirement calculator and see what your retirement tax bill
is going to be. But more importantly, make an appointment
and come in and have a conversation.
Speaker 4 (31:59):
With Chris and I. You will meet with both of us.
Speaker 3 (32:02):
We have offices in Palm Harbor, we have an office
in Loots, and we have an office in Saint Pete.
So pick up the phone, give us a call. We
have operated standing by right now.
Speaker 4 (32:10):
Give them a call.
Speaker 3 (32:11):
And while you're on the Maggie Tax website, click on
chat box. If you have a question about what we're
talking about today or any show that we do, let
us know. I just want to make a point because
a lot of things are changing. Chris and I know.
The House Democrats stated that one goal of these initiatives
is to avoid subsidizing retirement savings once account balances reach
(32:32):
high levels.
Speaker 4 (32:32):
What does that mean? It means that they're going to stop.
Speaker 3 (32:35):
Look, there are caps right now on IRA money that
you can put in for one K money. They're going
to have a level that you will reach that you
can't put any more in. And in my opinion, Congress
has shifted from incenticizing Americans to save for the future
to penalizing Americans who have successively saved. And what am
I talking about exactly what we're talking about today, that
(32:55):
retirement tax bill. You're going to save for a long time.
Now you're going to be with the tax at what rate?
Speaker 4 (33:01):
We don't know.
Speaker 3 (33:02):
We're at the lowest tax rates now, Chris, and we
talked about before strategic planning and you know, doing it right.
Speaker 4 (33:07):
I mean, what else do we have to do and.
Speaker 3 (33:09):
Tell people, explain to people that they need to sit
down and do something about their retirement.
Speaker 1 (33:15):
You know.
Speaker 2 (33:15):
And that's the thing. You know, things are changing. And
the fund that we're talking about here is that new
spending topics are in these bills that have included multitude
of new and expanded tax proposals for individuals and corporations.
And significantly many of these tax provisions have targeted iras,
fuming case, wroth accounts and other retirement vehicles. You know,
(33:37):
at a high level, these proposals represent a significant change
in the way Washington views for saving full retirement. So
think about this. They're working on these things, they're talking
about them. So what does that mean at some point
down the line, it's going to change. That's the legislative risk.
They will implement these and that's what we're talking about here.
(33:59):
So what are you doing now? What are you doing
listening to today's show? What are you thinking about? Do
you have questions? These not to scare you, but these
are concerns that are real. No one's talking about them,
and you're hearing them because we see this eaching every day.
They're going to go after the people who have the money.
If you have money listening today, they're coming after you,
(34:20):
either way for taxes, either way, another way for limiting
the amount that you can put away, as my dad mentioned,
to go ahead in your own retirement savings plan. So
what are you doing today to protect yourself, to take
advantage of these opportunities when they happen, not just falling
victim to them. You know, where's it written that you
have to lose thirty forty percent in your investment account
(34:41):
like everyone else? I hate it when people come in
and they say, well, you know, I'm down forty percent
like each and every one of my friends out there, Well,
it doesn't have to be you. You don't have to
go down that way. And that's what we're talking about.
Put together an investment plan, put together a tax plan,
put together in an income plan for your retirement, most
importantly in a state plan. And we can help you
(35:02):
out with all those. It's called the complete plan holistic approach.
That's what we do. We take a tax advisory approach
and everything we do to help you because that's our
biggest expense. Taxes, taxes, taxes, what are you doing about it?
A three three Maggie tax?
Speaker 3 (35:16):
And again, it's the language that you have to understand,
and you know a lot of people don't understand the
language because no one has taken the time to sit down.
We have a couple of books that we'll be willing
to give you when you come in. So when you
assess the impact of all this, a few important thoughts
on these proposals and new bills we may see in
the months ahead, and again Chris mentioned it. It's called
legislative risk. They can change the rules because it's written
(35:39):
in pencil, and even some in the media have suggested
that savers with lower retirement assets they don't need to
worry about tax changes discussed in these proposals. That's not
true either. This is where the talking heads don't fully
understand legislative risk. You know, you keep hearing it, you
keep seeing it, and then you believe it. But if
you don't understand it, then you're not going to know
(36:00):
what the real rule is. So as we work to
mitigate legislative risk in what we do in our retirement approaches,
we have to consider not just the provisions being discussed today,
but think about it how these provisions may develop, expand
and change in the future. The biggest one right now
is the Trump tax cuts. They're going to expire. Folks,
don't sit back and do nothing. At least sit down
(36:21):
and have a conversation, because your plan might be a
little bit different. You know, and this is especially true
we talk about it for qualified and roth accounts, where
new laws can take immediate effect, and in these accounts,
saviors could find themselves assessing their retirement funds under a
completely different set of rules. And folks, those are old
rules of retirement, and Chris, they have to understand the
(36:43):
new rules of retirement. We push so hard to help
people understand the language and sit down it's not going
to hurt.
Speaker 2 (36:50):
That's just it. You know, you mentioned it. Let's have
a conversation. You know, right now, we can meet with you.
We can sit down and have these conversations with you
so you are not surprised in the future. You know,
take some time out of your day, out of your week.
I know you work, I know you're retired. I know
you play golf. I know you have the kids, the grandkids.
I understand, we get it. It's called life. But right
(37:13):
now you need to park it out for you. Park
some time out where you can put together a plan
so you have the confidence, the clarity, you know, the
direction moving forward, so you can enjoy yourself. You know,
we strongly agree and feel that legislative risk is going
to be a key component for many people out there
(37:33):
in the retirement lives. They're going to be effective. So
let's take advantage of these opportunities as opposed to falling
victim too of them. You know, the legislative environment is
going to change. We all know it. What are you
doing about it? So pick up the phone, schedule time
to meet with us. Let's put together an income plan
for you. Let's put together and assets where they come
(37:55):
in each and every month for guaranteed income. Let's put
together an investment plan so you understand each and every
one of your buckets and what do they do. What
kind of risk you're taking with your money, whether it's safety,
whether it's long term growth, whether it's to fight inflation.
What about your overall tax plan. Let's put that together
so you understand what's taxable, what's non taxable in retirement,
so when you need money, you go grab it in
(38:16):
the most tax efficient way. And most importantly, what about
an estate plan. Do you have an estate plan? Do
you want to make sure that each and every year
account passes and stays in your family. Well, that's what
we can do for you. So pick up the phone.
Schedule time to meet with us. Eight three three Maggie
Tax and don't forget every Sunday on ABC TV for
the Maggie Tax and Financial Show at ten thirty am.
(38:36):
And thank you so much for tuning into our show.
Speaker 1 (38:39):
You've been listening to the Maggie Tax and Financial Hour
discussing tax planning investment strategy is presented by Robert and
Chris Maggie from Maggie Tax Advisory and Financial Services with
offices in Hillsboro and Panelas County. Visit Maggie tax dot
com or call eight one three three two two twenty
five twenty. That's eight one three three two two twenty
(39:01):
five twenty and tune in next Saturday at five for
the Maggie Tax and Financial Hour
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