Episode Transcript
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Speaker 1 (00:00):
All these years you've saved up planning for a secure retirement,
but if you're not careful, it will be the irs
that's living it up when you retire by taxing your
hard earned money. Welcome to the Maggie Tax and Financial
Hour with Robert and Chris Maggie of Maggie Tax Advisory
and Financial Group. With over thirty years of combined experience
in tax savings, income planning, and investment opportunities, Robert and
(00:22):
Chris share advice and tax planning strategies designed to protect
your retirement nest egg from Uncle Sam. Your questions and
comments are welcome during today's program by calling eight one
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty, or visit Maggie
Tax dot Com. That's Maggi tax dot com and now
(00:46):
your host for the Maggie Tax Financial Hour on nine
seventy WFLA. Robert and Chris Maggie.
Speaker 2 (00:53):
Welcome everyone, and thanks for joining us today. My name
is Robert Maggie and I'm here with my son, Chris Maggie.
You're listening to the Maggie Tax and Financial Show. Be
sure to visit our website Maggie Tax dot com and
register for our upcoming seminars. We have seminars on a
state planning and we will have seminars on tax planning,
very very important. We'll keep mentioning this every week. But
go to our website, Maggie Tax dot com.
Speaker 3 (01:15):
It's right there.
Speaker 2 (01:15):
You can give us a call and register, and don't forget.
Every Sunday on ABC TV at ten thirty, tune into
the Maggie Tax and Financial Show.
Speaker 3 (01:23):
We have a lot to talk about today.
Speaker 2 (01:24):
You all know that we do a lot of things
like tax planning, income planning, investment planning, insurance planning, and
just proper planning for everybody. We've learned a lot from
you folks out there coming in because you're confused and
you don't understand certain things. So we're going to talk
today about a Wroth conversion because this is very important
right now to understand that all of you have a
(01:45):
debt to the irs, and when the subject of converting
your IRA to a Roth tax free IRA comes up,
you get many different opinions. And most often what we
hear is my advisor or CPA or investment manager told
me that I just need to invert to the top
of my tax bracket every year. Not a bad idea,
but they will also tell you it's not worth it
(02:06):
to pay a higher tax. And we disagree in what
you have to understand from a tax standpoint when we
do tax planning, and Chris will talk about this in
a minute, but you've got to do it from a
mock tax return. What does your tax return look like?
How much tax can you pay if you go to
the next level. So all of you have a tax
time bomb and it's ticking louder and louder every day,
(02:26):
and you have a debt to the irs, and at
some point you or your beneficiaries will have to pay
the tax and it could be a higher tax. And
some people tell me they have developed their own spreadsheets.
I love that one because the spreadsheets basically don't tell
you what the tax is you're going to pay, and
it looks like conversions.
Speaker 3 (02:42):
Aren't going to be worth it to me.
Speaker 2 (02:44):
If they have a spreadsheet, how can you say that
it's just not true. We have a client in Tampa
and she called us the other day first time and
she said to me, you know, she could not believe
we were actually recommending what she had and listened to
this what she had questioned her CPA about tech ten
years ago, right after the tax rates were lowered by
the Tax Cut and Jobs Act. So the question today
(03:05):
is what will happen in twenty twenty five, and if
you don't know the Tax Cuts and Jobs actors getting
to expire, her CPA told it would not make sense
for her to convert any more than just enough to
get to the top of her current low tax bracket.
She lost the argument with the CPA. So the problem
is she lost the opportunity to get conversions finished before
(03:27):
she would have to take the required minimum distribution to
R and D. I know that may sound confusing to you,
but when we show you this, this is what's going
to happen to a lot of you when you start
taking your R and D. And Chris, this is the
part that people sit back and they go, we didn't
know that. But you know, if CPAs aren't helping you,
or tax advisors aren't helping you, right now is the
time to pick up the phone and give us a call.
(03:48):
Sit down with Chris and me, and we'll talk about
conversion because we want you to see it from the
ground up. It's not just an opinion, it's a fact
that you have to do it right. So, Chris, I
mean you see it all the time that we talk
about this, and we're going to talk about se questions
that people should be asking about growth conversions and one
of the things what we always say, if you don't
know what you don't know, then don't say no.
Speaker 4 (04:09):
Right, Well, that's just said, you know. Welcome everyone, I'm
Chris Maggie and thanks for tuning into the show. And
my dad said a lot right there, because there's so
much to talk about. Many people have iras and formal
k's and TSPs and set iras. These accounts are what
we call infected with taxes. So if you're listening today,
if you have these accounts, you have accounts that are
infected with tax What does that mean. That means when
(04:30):
you take a distribution from these accounts, you have to
pay the tax. There's a ten nillion nine that's issued
and you have to report it on your tax return. Now,
you have maybe five hundred thousand in your qualified account.
You might have a million, you might have one point five.
It doesn't matter what it is. The fact of the
matter is, it's all taxable. So at the end of
twenty twenty five, the Trump tax cuts expire, what does
(04:51):
that mean? That means that tax rates will revert back
up at least three percent, if not higher. So that
means when you take a distribution, you're not only paying tax,
you're paying higher tax. So what can you do now
to start converting money from an infected area of tax
to a tax free environment. How do you get there?
And that's the biggest question that many advisors try to
(05:14):
talk to their clients about, but they have no idea
what the tax ramifications are going to be. And a
Maggie Tax Advisor and financial group we do because we
take a tax approach and everything. We understand tax planning,
we understand investments. We do investments, we do insurance planning,
we do complete planning. And that's what we do for
our clients. So what we're going to talk about today
(05:35):
is taxes. What do you believe will happen to income
taxes in the future. Will they be higher or will
they be lower? So Dad talk about this.
Speaker 2 (05:44):
One thing that I also want to mention to help
you understand. Going to ol website maggietax dot com the
top right, you'll see the retirement tax calculator.
Speaker 3 (05:52):
Put in your information.
Speaker 2 (05:53):
In thirty seconds, I can send you a report to
give you an idea what your tax bill is going
to be. So what Chris just said, what do you
believe will have happened to income tax rates in the future.
Most people tell us it's going to go up. So
there is another common misconception floating around out there that
portrays Wroth. Conversions has something as simple as whether you'll
pay a higher rate or of tax today or tomorrow.
(06:15):
It depends on your situation, and that's why you have
to sit down and do it from a tax return.
Your tax return and the clients that we've worked with
see huge tax savings regardless of whether tax rates increase
or decrease. But there's some value in considering the impact
of possible tax increases as a motivation for choosing a
faster conversion timeline. Listen, the IRS loves you if you're
(06:37):
a millionaire, because you're a millionaire and you're leaving a
million dollars of taxes on the doorstep of the IRS,
and you don't think about it that way.
Speaker 3 (06:45):
So you can convert. You can do a conversion.
Speaker 2 (06:47):
We can talk about that because the Tax Cut and
Jobs Act of twenty seventeen, it drove us to a
fifty year low in the rate of income taxes that
we pay in America. So the Tax Cuts and Jobs
Act is set to expire at the end of time
twenty twenty five.
Speaker 3 (07:01):
What does that mean.
Speaker 2 (07:02):
It means you have a window of opportunity between now
and the end of twenty twenty four twenty five to
convert to pay the lower tax and be done with it.
Speaker 3 (07:10):
How many of you would like to do that? Chris?
When we tell this to people that they well, my
guy never told me about it. Well, why don't you ask?
I mean, it's not simple.
Speaker 4 (07:17):
Well that's it. Well, many people just really just don't
know know about what to do. And that's why you're
listening today. And that's okay. So pick up the phone,
schedule time to meet with us, Come on in, and
we have offices on both sides of the bay. We
have three convenient locations to help you. So visit our
website at Maggie tax dot com. That's m A g
GI tax dot com. So we talking about here is
let's just say you have an IRA and then let's
(07:39):
just say you have five hundred thousand dollars IRA. Well,
you take an income from social security. You might have
a pension, but maybe you need ten thousand go on
a cruise, or fifteen thousand to do some planning or whatever.
The bottom line is that you've got to pay tax
on those that distribution, right, So what's that tax rate
going to be? But what if you're sixty five years
(08:01):
old and you don't need the money, Well, you're required
to take a distribution at age seventy three. It was
seventy and a half, then it was seventy two, now
it's seventy three. So from those retirement accounts, you have
what they call the required minium distribution. You have to
take a distribution at seventy three years old. But go back,
if you are sixty five and you don't need the money,
(08:22):
why not start taking that five hundred thousand dollars IRA
that's infected with tax and why don't you start converting it,
meaning start taking a distribution and converting it to a
roth ira that's tax free money. So think about this.
Over the next seven years, eight years you have, you
can slowly take that five hundred thousand and convert it
(08:42):
to roth ira. So when you are seventy three, you
have tax free money that you can take out and
not have to take a lot from the requirementum distribution.
So what do you do now? You are in position
and in control, so when they do change tax rates,
you don't have to pay them. That's what we're talking
about here. So pick up the phone, schedule a time
to meet with us. Let's talk about the Roth conversion.
(09:05):
Let's talk about if you should do it. That's what
we're talking about here. Planning planning, planning, planning, tax planning,
investment planning, income planning eight three three Maggie tax.
Speaker 2 (09:15):
And most people, you know, when we ask them, do
you need the RMD, they say no, and what can
we do with it? Well, what's going to happen is
you'll probably take it and reinvest it. That is going
to cause a tax too. It's going to bring into
a higher income level. So how much of your future
income will you need from investment or savings accounts? And
what Chris was talking about, if you stop and think
about the guaranteed income that you have like pension and
(09:38):
social security, and we ask everyone this question, how much
do you need to come in the front door every month?
Like I say, if you need eight thousand bucks and
you know you're short one or two, then you're going
to take it from the IRA, but it's going to
become taxable. Why not learn how to convert this and
what Chris mentioned a minute ago. When you're ready to
take that out, it comes out tax free. Think about it,
(10:00):
say it to yourself tax free. I'd rather have a
tax free account than a taxable account.
Speaker 4 (10:04):
And that's just it. So what type of planning are
you doing today to help yourself and your family moving forward?
You know, many people who have been in the accumulation
phase have have saved enough money. Now what about the
distribution phase? And that's what we specialize in. So if
your advisor is not talking to you about tax planning
or roth conversions or ways to have tax free retirement,
(10:27):
then guess what you need to get a second opinion.
So pick up the phone today, schedule a time to
meet with us. Eight three three Maggie Tax. Visit our
website at Maggie tax dot com. There's so much information
right at our website to help you. We do complete planning.
Why because that's what it's about. It's not just about
managing your money. And about the investments. There's the tax
(10:47):
side of this whole thing, in the income side. So
pick up the phone. Let's put together a plan. Eight
three three Maggie Tax. Eight three three Maggie Tax.
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 Ggi tax dot com. Or call eight one three
(11:20):
three two two twenty five twenty. That's eight one three
three two two twenty five twenty. Now your host for
the Maggie Tax and Financial Hour, Father and son from
Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 4 (11:36):
Welcome back to the Maggie Tax and Financial Show. I'm
Chris Maggie and I'm here my dad and coast of
the show Robert Maggie. Every Sunday on ABC TV at
ten thirty am, we have our show. It's thirty minutes.
It's a live show. What we do is we we
help people understand their retirement issues from the tax side
of it, from the income side, from the investment side,
from the estate planning. So we do complete planning and
(11:59):
today with focusing on wroth conversions. And what is a
wroth conversion. Well, many people out there have iras and
formal keys and TSPs. If you're a federal or a
sept plan self employed plan, these accounts are infected with taxes.
They grow tax deferred, which means when you start taking
money out, they have to hit you with taxes. You
(12:20):
get a ten ninety nine taxable event. So in the future,
what can you do? What are you doing to protect
yourself on the income side, And these are things we're
talking about here today to help you. But you can
start converting from the IRA and get the money out
of a taxable environment into tax free accounts. How do
you do that? And that's what we're discussing today. So Ded,
(12:40):
let's talk about the second question here. How much of
your future income will you need from your investments or
save these accounts?
Speaker 2 (12:47):
And that's a great question that we ask everyone because
you have to tell us what you're looking for. And
when you have a text deferred account with five hundred thousand,
one million dollars, your first thought is we've got to
take it from there, but do you have a pl
plan to convert that? So the common portfolio practice tells
us that there's a certain amount of distribution that an
investment portfolio can withstand without depleting itself over time. What
(13:11):
you want to do is have guaranteed income over your lifetime.
So if you're currently distributing a significant percentage of your
IRA on which to pay for living expenses, and then
you have to ask your portfolio to also pay the
taxes for the conversions, you can quickly get to the
no go situation on converting. Now, when I say that,
it's because that's what people think. But there are ways
(13:32):
to convert this where it makes sense to do it,
and we can show you that. So we like to
use a rule of thumb of four percent as the
maximum distribution from your total IRA, and this does not
apply to every situation. So again, when you meet with us,
we're going to go over this and we're going to
show you how it works. But it's a great starting
point to see if you should proceed with the notion
of a conversion. And the reason why the conversion is
(13:54):
so important is because we can show you strategically over
a five or seven year window to pay that tax
and have no tax to pay. And remember something I
said before, when you're saving all your life for you know,
tax retirement, for retirement, you have a tax deferred account.
So when you start taking it out the R and
DS and Chris, the distribution is so important right now
(14:16):
because along with that we look at the pension solid
security and how much do you really need to make
up the difference in it? It probably comes from your IRA,
but why not have it come from a wroth tax
free account.
Speaker 4 (14:27):
Well that's just said, So think about this when in
the future you need income. So let's just say you
retire and you get solid security of two thousand a
month and your spouse gets a thousand a month. That's
three thousand dollars a month of income. Well what if
you need five? What do you do? Many people think, well,
let's take it from my IRA. Well that's a two
thousand dollars a month distribution. Well, now you're going to
(14:47):
get a ten ninety nine and that's taxab one hundred
percent taxed. So what if you are able to create
tax free buckets? So maybe you take a thousand from
your IRA and a thousand from your wroth. Now you
have five thousand dollars a month of income. But guess
what you will be under the threshold income, which means
that you won't have to file a tax term because
(15:09):
you won't have to pay any tax. So many people
are thinking, well, how's that happen. Well, many people don't
understand how Social Security is taxed. So in this situation
I just mentioned, you can go ahead and protect yourself
from paying more tax in the future by doing the
planning now, so pick up the phone, schedule time to
meet with us. Let's talk about how you can create
(15:29):
tax free buckets and if you should convert your money
to the rough IRA eight three to three maggie tax.
Pick up the phone today. It's so crucial because tax
rates are going to go up. What are you doing
if you have the opportunity to convert. Let's convert on
the most tax efficient way and we can show you
eight three to three MAGI tax.
Speaker 2 (15:49):
And all of us have a debt to the irs,
so don't take that away because you saved on a
tax deferred basis. Now you got to pay the tax
the deal that you save on and the problem now
is that when taxes go up, and they will, then
most people will not see that, Chris, because they weren't
aware of the fact that tax cuts and jobs actually
reduce their taxes years ago. But look right now, if
you have a million dollar IRA, or a five hundred
(16:11):
thousand dollar IRA or a two hundred thousand I don't
care what's in the IRA of four oh one k.
You need to start thinking about converting because you're going
to pay tax, maybe ten to twenty times more than
the tax deduction that you got years ago. So think
about it. You know, I'd rather have tax free money,
and it's it's going to hurt a little bit. But
when you look at it and you say, I have
to pay that tax because then I own it, that's
(16:33):
what you want to do. It's like the mortgage on
your house. You have to pay a mortgage, but when
you pay it off, you own that house. It's the
same thing with your roth account or your RMD or
your IRA. If you pay the tax, then you have
no more rm D, you have no more tax on
Social Security, you have no more ERMA. And if your
advisor's not talking to you about this, or your tax prepairer,
(16:53):
please give us a call eight three to three, Maggie
tax eight three to three Magi tax.
Speaker 3 (16:58):
Let Chris and I run a conversion and for you
and prove it to you.
Speaker 2 (17:01):
And I can go with too examples later that I
can show you how we helped a million dollar IRA
basically pay little or no tax, but they got it
all back and now it's a tax free account, which
would you rather have?
Speaker 4 (17:11):
That's the thing, you know, think about it moving forward.
Tax rates are going to go up. The debt in
this country is high. Where are they going to get
the money? They know how much money you have in
qualified accounts, they know you know. That's what the thing
about it is is that they can increase tax rates
three percent, five percent, eight percent, ten percent in the
future and guess what that means more money to them,
less to you. But not if you have tax free buckets,
(17:35):
because then you just eliminated Uncle Sam forever and ever
and ever. Would you want to eliminate Uncle Sam? Absolutely?
If you can, how do you do it? That's the
planning we talk about. So let's do tax planning for you.
Let's do income planning, let's do investment planning. Let's put
it all together and do a state planning My gosh,
how many people out there don't have wills or trusts
(17:55):
or power of attorneys? Where state planning documents? Well, these
are just crucial to a client. Last week, sixty five
years old, my gosh, has three quarters of a million
dollars and guess what. They have no estate plan, they
have no income plan, they have no investment plan, they
have no tax plan. But now they do so because
they talked about how do we convert, how do we
put our money in the right position so we can
(18:17):
have tax free money in the future. They were concerned
about the increase in tax rates. They're concerned about the administration.
They're concerned about the legislative risk. What we mean by
that is when they start changing the tax code, just
by the it's written in pencil, they're going to change it.
So what do you do tax planning? Pick up the phone,
schedule time to meet with us eight three to three.
Magi Tax. We have office on both sides of the Bay.
(18:40):
Visit our website Maggie tax dot com. That's m a
Ggi tax dot com. Once again, schedule time to meet
with us. We look forward to meeting with you and
every Sunday on ABC TV at ten thirty am. Tune
into our show ten thirty am ABCTV on Sunday for
the Magi Tax and Financial Show eight three to three
Magi Tax. That's a three three Maggie Tax.
Speaker 1 (19:03):
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
(19:25):
three two two twenty five twenty. That's eight one three
three two two twenty five twenty. Now your host for
the Maggie Tax and Financial Hour, Father and son from
Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 4 (19:40):
Welcome back to Megie Tax and Financial Show. And last segment,
we're talking about the irs and guess what you are
the tax collector because you have that IRA, you have
that four one K, and guess what they have the
first mortgage on those accounts they are infected with taxes
and guess what they're coming after you for those taxes
on those accounts that you work so hard for. So
(20:02):
pick up the phone, schedule time to meet with us
some Chris Maggie and I'm here with my dad and
coast of the show, Robert Maggie. We're talking about having
strategies and creating strategies to possibly reduce or even eliminate
that income tax liability on those FOURM one cays. And
we can show you how to do that. Visit our
website at Maggie tax dot com. Click on the retirement
calculator and in thirty seconds we can tell you what
(20:23):
your retirement tax bill will look like. Make an appointment
and we can show you how not to be that
IRS collector. It's called tax planning. Another solution we're talking
about is income planning. We'll get into that in a
little bit, but talk about the seminars that we have.
Speaker 2 (20:38):
Yeah, the other solution is register for our seminar. It's
a three and one seminar. It's a state planning, social Security,
and tax planning. We're gonna cover tax planning and social security,
going to answer some questions, and the next thing that
you should be planning for is an income that you
cannot outlive in retirement.
Speaker 3 (20:54):
We talked about it earlier. Do bucket planning.
Speaker 2 (20:57):
We could show you how to get income and then
you know, safe and growth at the same time. And
there was a study it was just completed that identified
that Americans are more concerned with running out of money
in retirement than they are concerned about dying.
Speaker 3 (21:11):
Think about that. So what are you doing about it?
Is our question.
Speaker 2 (21:15):
And we believe that a guaranteed income that you cannot
outlive solves the issue of running out of money in retirement.
And we can help, and only insurance companies can provide
that benefit.
Speaker 3 (21:26):
We have one of the.
Speaker 2 (21:27):
Best income anuities ever developed for retirement. You don't know
about it, so that's why we're telling you about this.
And I would give serious consideration to a benefit like
this if I was you. And another serious issue that
we would like you to consider is debt, because more
and more Americans are finding themselves having to increase their
debt to maintain their standard of living. And Chris, everything
(21:49):
is increasing, inflation, you know, food, gas, it goes on
and on. Taxes are going up, and it just eats
away at everything you make. So when you're making income,
it takes a lot of that a way, and now
what do you do.
Speaker 4 (22:01):
Well, that's just inflation. But what about the taxes? What
if you had that tax increased tax liability on top
of that, then that means less income for you. And
that's why we see this each and every day, and
many people who meet with us, they don't see the
next ten or fifteen years out. We see those people
that are going through that today. We see that they
cannot go back to work. But guess what costs are increasing?
(22:22):
Or now they have to pay taxes because of IRMA right,
there's different taxes, we call them stealth taxes that come
and creep and then guess what, you have less income.
Where do you want to be? Do you want to
be in position where you can take advantage of these
opportunities or do you want to fall victim to them
and just follow the crowd and say, well, everyone lost money,
or everyone's paying taxes, or everyone's part of that. No,
(22:44):
it's not true. There are planners out there. There are
people who can put together a plan to keep you
out of these situations. So pick up the phone, schedule
time to meet with us. If you're looking for income planning,
we can help. If you're looking for an investment plan,
we can help. If you're looking for security maximization planning,
we can help. If you look at for tax planning,
we can help. Peak of the phone, a three to
(23:06):
three Maggie tacks, you know.
Speaker 2 (23:07):
And all of this creates problems for a family or
a business if the primary wageourner dies too early.
Speaker 3 (23:13):
How many of you think about that?
Speaker 2 (23:15):
Statistically, many many Americans are living paycheck to paycheck and
we see that every time that we do tax returns.
And if those paychecks were interrupted because you died prematurely,
it could create tremendous problems. If you attend our state
Planning seminar, you're going to understand and learn what you
can do now before anything happens. It's called proper planning.
(23:35):
And we've done these seminar as they've been very successful.
And people leave the event and they say, you know,
we never thought about it that way. It's something that
you have to think about. So don't you understand that
if it is difficult to afford a premium while you
are here and working, wouldn't it be even more difficult
for you or your family or business to deal with
all of the debt If your warrant there and Chris,
(23:57):
that's a problem. They don't do planning. They don't do
a bus get planning or budget planning. We had a
client last week that said I never did a budget.
Speaker 4 (24:04):
Well that's just it. And they looked at me and
they said, well, we were just used to make an
income and spending it. And then luckily they had a
retirement plan already put together for them because of past inheritance.
It was kind of a plan put right into their lap.
But now they don't know what to do with it.
So now they're there, they don't have the right tools
(24:25):
in place to structure their income planning. And that's where
they met with us, and they said, Chris, we need help.
When you need bucket planning, we need to do some budgets.
We need to make sure that we're living and paying
less taxes. Can you help? And that's what we do.
So when you when you meet with us, we're gonna
look at what you have. We'll look at your taxes,
we look at your investments. We're gonna look at what
(24:45):
you're looking to accomplish. Do you want to travel, do
you want to play golf? What do you want to do?
This is about you and your money. We'll be honest
with you. We'll tell you you can retire or you
know what, you can't. You gotta wait now the five
years you got to pay this debt down, You got
to do this or that. That's what you need. You
need clarity, you need confidence, and that's what we can
provide to you. So get the Maggie planned for your
(25:06):
retirement eight three to three maggie tax. That's eight three
to three maggie tax.
Speaker 2 (25:10):
And let's see what it would cost to eliminate all
your debt, including your mortgage, and how much income we
would have to replace if you died too soon. Your
family and business would face tremendous difficulty if you were
not here. We all know that, and many of you
listening have a situation that you could relate to. So
let's make sure that your income is still here even
if you are not. And another concerned Americans are starting
(25:32):
to realize is long term care. And many families life
savings are destroyed in a short amount of time paying
for long term care. So when people run out of
money or don't have enough money for long term care,
the responsibility falls on a family member, and usually it
is a female family member. And according to AARP, one
out of every five Americans is an unpaid family caregiver.
(25:57):
I know I was because my dad was in a
nursing home. We had to take care of him, my sister,
and my brother and we could not have someone come in.
And that happens to a lot of people out there.
So the person giving the care of losers income because
they're not working, and this causes stress on the family
financially and emotionally. And it happens, and these events destroy
the family's assets and savings. And we have many different
(26:19):
ways that we can cover these costs for you. And
events like these are devastating to families. So let's get
started with a program that will allow you and your
family to be in control when this happens. Visit Maggie
tax dot com give us a call at eight three
to three. Magie Tax operators are standing by right now.
The reason why Chris and I do these shows is
for educational purposes. Register for our free, no costs three
(26:42):
in one seminar. You have nothing to lose. It's ninety
minutes of education on a state planning, social security planning,
and the big one that we're even going to get
to talk about is tax planning eight three to three
Magie tax.
Speaker 4 (26:54):
So we have exciting things to share with you, and
when you come to meet with us, we're going to
show you these things. I mean, think about it. When
you can have income and not pay tax, or have
income and pay very low tax, you kind of sit
back and you say, this is what it's all about.
You know, when we show a client in retirement their
tax return and they go, well, that's the effect of
(27:14):
tax bracket them in I'm not where I used to be. Well, yeah,
let me show you why. And they say, oh my gosh,
we have about the same amount of income coming in
the front door, and we're not paying that much in tax.
So all the tax savings promotes them more income. And
now you can see that the income streams that are
coming in each and every month, those are called paychecks.
But guess what, you don't have to go to work
(27:36):
to get them anymore. And then you can generate some
play checks. Playchecks are just extra income where you can
just generate, just spend every month because you know it's
coming in. What a great feeling to have.
Speaker 3 (27:47):
Let me ask you a question.
Speaker 2 (27:49):
Does a CPA or a tax prepare talk about income planning,
investment planning.
Speaker 3 (27:54):
And legacy planning.
Speaker 4 (27:55):
The answer is no.
Speaker 2 (27:56):
Okay, does a broker talk about tax planning, income planning
or taxes?
Speaker 4 (28:03):
I can tell you firsthand. I used to work with
one of the largest brokerage houses out there when I
first start in this business. And the answer to that question,
if someone said to you, can you tell me about taxes,
the answer would be from the broker would be just
consult your tax advisor because we can't share on that information.
And that's where you're missing the boat if you're working
(28:26):
with that advisor. Because there are planners that like us
that this is what we do. We take a tax
approach and everything we do, we understand investments, We understand
your income needs, we understand the maximization and social security
and also your investments. And when you put all that together,
guess what, you have a plan with a smile on
your face because now you have income on a tax
(28:46):
favored basis, You have income and investments that you can
draw from that you know you're not going to outlive
your money. You also have investments that you can put
together where you don't lose anything, and you also have
investments where you can actually make money of the market
goes down. So think about that for a minute. If
you want any of those different things, then why are
(29:07):
you not searching for them? And if you're listening to
it today, we can help pick up the phone, schedule
time to meet with us A three three Maggie taxs.
Speaker 2 (29:13):
You know, years ago when I started, I did you
know Medicare? I did life insurance. And when I used
to sit with a client and just go in, you know,
offer the life insurance, they'd say, do you know anything
about tax planing? I would say no, you have to
go call your tax prepare. And then some would say
do anything about income planning? And I would say no,
because I'm doing Medicare and solid security. And then a
light bulb went off in my mind. And if you
look at our website, Maggie tax dot com, you'll see
(29:36):
all the topics that we talk about, Social Security, Medicare.
Speaker 3 (29:40):
Why did I do that?
Speaker 2 (29:41):
Because Chris and I do complete planning. That's what we're
talking about here. It's not about someone telling you you
can go anywhere and get one product. You go buy
a shirt, you go buy a pair of pants, you
can go to two different stores. But if you want
to buy a complete outfit.
Speaker 3 (29:54):
What do you do? You go to one store and
buy the whole complete outfit.
Speaker 4 (29:57):
That's it. And you know what those are out there
on the front side, and that's what we do. So
pick up the phone, Maggi, Tax dot Com so much
there to help you out with. Oh my gosh, you
know those videos on our website to learn what your
future tax rate's going to be in retirement on that IRA,
that full one K that you have. Guess what we
can tell you today in thirty seconds what that retirement
(30:17):
tax bill will be. And why do you need to
know this because this is your money? So think about it.
You have a five hundred thousand dollars full one k.
Oh my gosh, you put money away. That's great, but
guess what it's not all yours irs gets paid first.
And guess what your next So you have a mortgage
on it? What are you gonna do with it? How
do you defuse this big tax time bomb? We can
show you how. Pick up the phone. Schedule time to
(30:39):
meet with us. We have exciting plans to show you
and we can't wait to meet with you. Pick up
the phone eight three three, Maggie Tax and don't forget
Every Sunday, tune into our Maggi Tax and Financial Show
on ABCTV at ten thirty am. It's a show thirty minutes.
It'll show you, educate you Maggie Tax dot Com for
more information, and also tune into our seminars three and
(31:02):
one Seminars Maggie Tax dot Com A three three Maggie Tax.
Speaker 1 (31:07):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie Tax dot Com. That's
m a gg I Tax dot Com or call eight
(31:28):
one three three two two twenty five twenty. That's eight
one three three two two twenty five twenty now your
host for the Maggie Tax and Financial Hour, Father and
son from Maggie Tax Advisory and Financial Group, Robert and
Chris Maggie.
Speaker 4 (31:46):
Thanks for tuning into the Maggie Tax and Financial Showing.
As always you We're so glad to be here and
there's been a great show throughout today. And if you
have any questions, pick up the phone, schedule a time
to meet with us. You know, we meet with people
and they come in with questions, they have concerns, and
they don't know where to go. And you have that
resource rate here. We can help you in so many ways.
If you're looking for an income plan, we can help.
(32:06):
If you're looking for a tax plan, we can help.
If you're looking for an investment plan, we can help.
If you're looking to maximize your Social Security benefits, we
can help. If you're looking for in a state plan,
we can help. If you're looking for all that. That's
what we call the Maggie Plan. It's a plan that's
simple and easy for you to understand. The thing that
I also want to talk about is planning for an
income that you cannot outlive in retirement. A study was
(32:30):
completed that identify that many Americans out there are more
concerned with running out of money in retirement than they
are actually concerned of actually dying. And we believe that
a guaranteed income stream that you cannot outlive solves the
issue of running out of money in retirement. Do you
have an income plan? If not, why not? We can
help you and only insurance companies can provide that benefit.
(32:52):
So there's ways to go ahead and produce a guaranteed
bucket where you can't outlive your money and you can
play with the rest or invest the rest how orever
you want. And we have one of those best income
plans out there for retirement. Why because we have looked
at many different options. We have dissected this. We have
showed you how to have income a most tax efficient way.
(33:13):
It's out there if you just meet with the right advisor.
So pick up the phone, schedule time to meet with
us eight three to three, Maggie Tax. We talk about
bucket planning, income planning, bucket planning, and investment planning. It's
a great dynamic when you can incorporate everything, especially with
the taxes, to have more income on a tax efficient way.
Speaker 2 (33:30):
And also choosing a financial advisor is not easy. I'm
sure many of you know that. Maybe some of you
have had your financial advisor for years and you're just
locked into But it doesn't mean you can't look around
for a second opinion. And some of the things that
we're talking about. Ask them the same questions that we're
throwing out there. Can they do income planning, can they
do tax planning. That's a big thing right now. Most
(33:52):
advisors say, look, they have to go see a tax advisor. Well,
that's an open door for us because once we show
you what you should be doing, and your advisor is
and showing you what you should be doing, that's a
reason to start thinking and changing and looking for someone else.
And like Chris said, it's important to understand what we
do here. We have a tax division, we have an
income division, we have an estate division, and an investment division,
(34:13):
and we cover everything. It's called complete planning. Many people
come in and they say to us, wow, we didn't
know you do so many things. But it's all part
of a complete plan. So are you going to look
your future intoto a micro lens or a macro lens?
And that's important to understand what I just said. A
micro lens is today, it's this year. What about a
macro lens, Chris, when they're looking at retirement? And then
(34:35):
we stop and you know, we look at everything on
the table and say, here's what's going to happen in
five years and ten years. Because everything you're talking about
you mentioned that I mentioned today is going to change.
And legislative risk is going to make that happen. So
if you're not prepared, it's time to start sitting down
and get a second opinion. It doesn't hurt because maybe
what you don't know you know is going to hurt you.
(34:56):
But if we can help educate you on the right thing,
and here's what we do, will challenge you.
Speaker 3 (35:00):
Go back to your advisor. We don't care.
Speaker 2 (35:03):
Ask them why they didn't talk to you about tax planning,
why they didn't talk to you about Social Security maximization,
why they didn't talk to you about IRRA distribution.
Speaker 3 (35:10):
When's the best time to take it? Ask them and
see what they say.
Speaker 4 (35:14):
Well, that's it. You know again, it's not about a fight.
It's about for you. It's about what you want to
do and accomplish what you want for your retirement. You know,
the advisor that you might have is probably a great
guy or a great girl and you've been with them
for years, but maybe they're just not equipped with the
right tools to help you in a lot of different ways.
And that's okay, And that's why, you know, it's about
understanding and about growing and about understanding that what you
(35:36):
can do to make your situation better. Things are changing
Taxes are changing, rules are changing, legislative risk. These are
things that are changing all the time. Investments are changing.
Companies and products are being developed to enhance your situation.
Guess why. Because people are living longer. People want safety.
People want to have both the upsides and also the
(35:57):
protection on the downside. There's a lot of different things
that that are being developed to help you. You need
to know what they are, so pick up the phone,
schedule time to meet with it. It's called technology, but
it's innovative ideas and strategies that help people. And when
we can incorporate all those for your plan, my gosh.
You have a power plan and we call it a
(36:17):
complete plan. Because you have income, you have an income plan.
You have tax planning where you can have income on
the most tax efficient way. Those two work together. What
about your investments? If your investments are causing unnecessary taxes,
guess what. You're paying more taxes on your investments. And
it's not about what your accounts did today. It's about
(36:38):
the macro lens. As my dad mentioned, it's not just
about the micro lens. Look at your plan as far
as a macro lens. What is it doing overall and
do you have all those things put to play. That's
what we're discussing today is bucket planning, tax planning, income planning,
investment planning, estate planning. We can help a three to
three Maggie tax and.
Speaker 3 (36:56):
It's real simple.
Speaker 2 (36:57):
Today's retirement has changed the old rules to apply because
there's so many things Chris mentioned, technology has changed. You
know what we do when we plan. It's not just
talking about the stock or the mutual fund anymore. It's
about income planning, it's about tax planning, it's about investment planning,
and it's about legacy planning. And that's the reason why
we do that Seminar three and one, because we talk
(37:18):
about a state planning, our tax planning, and social security
planning to everyone that walks in our room and sees
what we do, because it's going to affect you in
some way. If you don't have a will, probate's going
to you know, eat it away. You will know that.
I mean, this is what we see every day. I
think sixty percent of Americans don't even have a will.
Why because no one's talking about that. And for the
(37:38):
older people out there, you know that maybe your parents
went through probate because that. Back then, they didn't talk
about investments to the kids. It was a no no.
So those are things that are changing right now. You
have to because it's going to eat away at your
retirement and your accounts, and don't let it happen. Your
tax bill and retirement could be too big. Let's talk
about that. And social Security can be confusing. We know
(37:59):
that you know what is FRA full retirement age? What
is the CALLA? What is ERMA? These are things that
are coming up, Chris at every seminar we do and
every client that walks in, So it's up to you.
Give us a call at eight three to three Maggie Tax.
Be sure to visit our website Maggie tax dot com,
click on seminars and register for one of the seminars.
They're every week. They're free, there's no cost, educational and
(38:21):
you can you can leave if you want to or
stay throughout the whole thing. And more importantly, don't forget.
Every Sunday at ten thirty on ABC TV, tune into
the Maggie Tax and Financial Show, Chris and I talk
about a lot of topics that.
Speaker 3 (38:33):
Affect all of you.
Speaker 2 (38:35):
Eight three to three Maggie Tax, eight three to three
Maggie Tax and you're listening to the Maggie Tax and
Financial Show.
Speaker 1 (38:42):
You've been listening to the Maggie Tax and Financial Hour,
discussing tax planning investment strategy is presented by Robert and
Chris Maggie from Maggie Tax Advisory and Financial Services with
offices in Hillsboro and Panela's County. Visit Maggie Tax dot
com or called eight one three three two two twenty five.
That's eight one three three two two twenty five twenty
(39:04):
and tune in next Saturday at five for the Maggie
Tax and Financial Hour
All these years you've saved up planning for a secure retirement,
but if you're not careful, it will be the irs
that's living it up when you retire by taxing your
hard earned money. Welcome to the Maggie Tax and Financial
Hour with Robert and Chris Maggie of Maggie Tax Advisory
and Financial Group. With over thirty years of combined experience
in tax savings, income planning, and investment opportunities, Robert and
(00:22):
Chris share advice and tax planning strategies designed to protect
your retirement nest egg from Uncle Sam. Your questions and
comments are welcome during today's program by calling eight one
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty, or visit Maggie
Tax dot Com. That's Maggi tax dot com and now
(00:46):
your host for the Maggie Tax Financial Hour on nine
seventy WFLA. Robert and Chris Maggie.
Speaker 2 (00:53):
Welcome everyone, and thanks for joining us today. My name
is Robert Maggie and I'm here with my son, Chris Maggie.
You're listening to the Maggie Tax and Financial Show. Be
sure to visit our website Maggie Tax dot com and
register for our upcoming seminars. We have seminars on a
state planning and we will have seminars on tax planning,
very very important. We'll keep mentioning this every week. But
go to our website, Maggie Tax dot com.
Speaker 3 (01:15):
It's right there.
Speaker 2 (01:15):
You can give us a call and register, and don't forget.
Every Sunday on ABC TV at ten thirty, tune into
the Maggie Tax and Financial Show.
Speaker 3 (01:23):
We have a lot to talk about today.
Speaker 2 (01:24):
You all know that we do a lot of things
like tax planning, income planning, investment planning, insurance planning, and
just proper planning for everybody. We've learned a lot from
you folks out there coming in because you're confused and
you don't understand certain things. So we're going to talk
today about a Wroth conversion because this is very important
right now to understand that all of you have a
(01:45):
debt to the irs, and when the subject of converting
your IRA to a Roth tax free IRA comes up,
you get many different opinions. And most often what we
hear is my advisor or CPA or investment manager told
me that I just need to invert to the top
of my tax bracket every year. Not a bad idea,
but they will also tell you it's not worth it
(02:06):
to pay a higher tax. And we disagree in what
you have to understand from a tax standpoint when we
do tax planning, and Chris will talk about this in
a minute, but you've got to do it from a
mock tax return. What does your tax return look like?
How much tax can you pay if you go to
the next level. So all of you have a tax
time bomb and it's ticking louder and louder every day,
(02:26):
and you have a debt to the irs, and at
some point you or your beneficiaries will have to pay
the tax and it could be a higher tax. And
some people tell me they have developed their own spreadsheets.
I love that one because the spreadsheets basically don't tell
you what the tax is you're going to pay, and
it looks like conversions.
Speaker 3 (02:42):
Aren't going to be worth it to me.
Speaker 2 (02:44):
If they have a spreadsheet, how can you say that
it's just not true. We have a client in Tampa
and she called us the other day first time and
she said to me, you know, she could not believe
we were actually recommending what she had and listened to
this what she had questioned her CPA about tech ten
years ago, right after the tax rates were lowered by
the Tax Cut and Jobs Act. So the question today
(03:05):
is what will happen in twenty twenty five, and if
you don't know the Tax Cuts and Jobs actors getting
to expire, her CPA told it would not make sense
for her to convert any more than just enough to
get to the top of her current low tax bracket.
She lost the argument with the CPA. So the problem
is she lost the opportunity to get conversions finished before
(03:27):
she would have to take the required minimum distribution to
R and D. I know that may sound confusing to you,
but when we show you this, this is what's going
to happen to a lot of you when you start
taking your R and D. And Chris, this is the
part that people sit back and they go, we didn't
know that. But you know, if CPAs aren't helping you,
or tax advisors aren't helping you, right now is the
time to pick up the phone and give us a call.
(03:48):
Sit down with Chris and me, and we'll talk about
conversion because we want you to see it from the
ground up. It's not just an opinion, it's a fact
that you have to do it right. So, Chris, I
mean you see it all the time that we talk
about this, and we're going to talk about se questions
that people should be asking about growth conversions and one
of the things what we always say, if you don't
know what you don't know, then don't say no.
Speaker 4 (04:09):
Right, Well, that's just said, you know. Welcome everyone, I'm
Chris Maggie and thanks for tuning into the show. And
my dad said a lot right there, because there's so
much to talk about. Many people have iras and formal
k's and TSPs and set iras. These accounts are what
we call infected with taxes. So if you're listening today,
if you have these accounts, you have accounts that are
infected with tax What does that mean. That means when
(04:30):
you take a distribution from these accounts, you have to
pay the tax. There's a ten nillion nine that's issued
and you have to report it on your tax return. Now,
you have maybe five hundred thousand in your qualified account.
You might have a million, you might have one point five.
It doesn't matter what it is. The fact of the
matter is, it's all taxable. So at the end of
twenty twenty five, the Trump tax cuts expire, what does
(04:51):
that mean? That means that tax rates will revert back
up at least three percent, if not higher. So that
means when you take a distribution, you're not only paying tax,
you're paying higher tax. So what can you do now
to start converting money from an infected area of tax
to a tax free environment. How do you get there?
And that's the biggest question that many advisors try to
(05:14):
talk to their clients about, but they have no idea
what the tax ramifications are going to be. And a
Maggie Tax Advisor and financial group we do because we
take a tax approach and everything. We understand tax planning,
we understand investments. We do investments, we do insurance planning,
we do complete planning. And that's what we do for
our clients. So what we're going to talk about today
(05:35):
is taxes. What do you believe will happen to income
taxes in the future. Will they be higher or will
they be lower? So Dad talk about this.
Speaker 2 (05:44):
One thing that I also want to mention to help
you understand. Going to ol website maggietax dot com the
top right, you'll see the retirement tax calculator.
Speaker 3 (05:52):
Put in your information.
Speaker 2 (05:53):
In thirty seconds, I can send you a report to
give you an idea what your tax bill is going
to be. So what Chris just said, what do you
believe will have happened to income tax rates in the future.
Most people tell us it's going to go up. So
there is another common misconception floating around out there that
portrays Wroth. Conversions has something as simple as whether you'll
pay a higher rate or of tax today or tomorrow.
(06:15):
It depends on your situation, and that's why you have
to sit down and do it from a tax return.
Your tax return and the clients that we've worked with
see huge tax savings regardless of whether tax rates increase
or decrease. But there's some value in considering the impact
of possible tax increases as a motivation for choosing a
faster conversion timeline. Listen, the IRS loves you if you're
(06:37):
a millionaire, because you're a millionaire and you're leaving a
million dollars of taxes on the doorstep of the IRS,
and you don't think about it that way.
Speaker 3 (06:45):
So you can convert. You can do a conversion.
Speaker 2 (06:47):
We can talk about that because the Tax Cut and
Jobs Act of twenty seventeen, it drove us to a
fifty year low in the rate of income taxes that
we pay in America. So the Tax Cuts and Jobs
Act is set to expire at the end of time
twenty twenty five.
Speaker 3 (07:01):
What does that mean.
Speaker 2 (07:02):
It means you have a window of opportunity between now
and the end of twenty twenty four twenty five to
convert to pay the lower tax and be done with it.
Speaker 3 (07:10):
How many of you would like to do that? Chris?
When we tell this to people that they well, my
guy never told me about it. Well, why don't you ask?
I mean, it's not simple.
Speaker 4 (07:17):
Well that's it. Well, many people just really just don't
know know about what to do. And that's why you're
listening today. And that's okay. So pick up the phone,
schedule time to meet with us, Come on in, and
we have offices on both sides of the bay. We
have three convenient locations to help you. So visit our
website at Maggie tax dot com. That's m A g
GI tax dot com. So we talking about here is
let's just say you have an IRA and then let's
(07:39):
just say you have five hundred thousand dollars IRA. Well,
you take an income from social security. You might have
a pension, but maybe you need ten thousand go on
a cruise, or fifteen thousand to do some planning or whatever.
The bottom line is that you've got to pay tax
on those that distribution, right, So what's that tax rate
going to be? But what if you're sixty five years
(08:01):
old and you don't need the money, Well, you're required
to take a distribution at age seventy three. It was
seventy and a half, then it was seventy two, now
it's seventy three. So from those retirement accounts, you have
what they call the required minium distribution. You have to
take a distribution at seventy three years old. But go back,
if you are sixty five and you don't need the money,
(08:22):
why not start taking that five hundred thousand dollars IRA
that's infected with tax and why don't you start converting it,
meaning start taking a distribution and converting it to a
roth ira that's tax free money. So think about this.
Over the next seven years, eight years you have, you
can slowly take that five hundred thousand and convert it
(08:42):
to roth ira. So when you are seventy three, you
have tax free money that you can take out and
not have to take a lot from the requirementum distribution.
So what do you do now? You are in position
and in control, so when they do change tax rates,
you don't have to pay them. That's what we're talking
about here. So pick up the phone, schedule a time
to meet with us. Let's talk about the Roth conversion.
(09:05):
Let's talk about if you should do it. That's what
we're talking about here. Planning planning, planning, planning, tax planning,
investment planning, income planning eight three three Maggie tax.
Speaker 2 (09:15):
And most people, you know, when we ask them, do
you need the RMD, they say no, and what can
we do with it? Well, what's going to happen is
you'll probably take it and reinvest it. That is going
to cause a tax too. It's going to bring into
a higher income level. So how much of your future
income will you need from investment or savings accounts? And
what Chris was talking about, if you stop and think
about the guaranteed income that you have like pension and
(09:38):
social security, and we ask everyone this question, how much
do you need to come in the front door every month?
Like I say, if you need eight thousand bucks and
you know you're short one or two, then you're going
to take it from the IRA, but it's going to
become taxable. Why not learn how to convert this and
what Chris mentioned a minute ago. When you're ready to
take that out, it comes out tax free. Think about it,
(10:00):
say it to yourself tax free. I'd rather have a
tax free account than a taxable account.
Speaker 4 (10:04):
And that's just it. So what type of planning are
you doing today to help yourself and your family moving forward?
You know, many people who have been in the accumulation
phase have have saved enough money. Now what about the
distribution phase? And that's what we specialize in. So if
your advisor is not talking to you about tax planning
or roth conversions or ways to have tax free retirement,
(10:27):
then guess what you need to get a second opinion.
So pick up the phone today, schedule a time to
meet with us. Eight three three Maggie Tax. Visit our
website at Maggie tax dot com. There's so much information
right at our website to help you. We do complete planning.
Why because that's what it's about. It's not just about
managing your money. And about the investments. There's the tax
(10:47):
side of this whole thing, in the income side. So
pick up the phone. Let's put together a plan. Eight
three three Maggie Tax. Eight three three Maggie Tax.
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 Ggi tax dot com. Or call eight one three
(11:20):
three two two twenty five twenty. That's eight one three
three two two twenty five twenty. Now your host for
the Maggie Tax and Financial Hour, Father and son from
Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 4 (11:36):
Welcome back to the Maggie Tax and Financial Show. I'm
Chris Maggie and I'm here my dad and coast of
the show Robert Maggie. Every Sunday on ABC TV at
ten thirty am, we have our show. It's thirty minutes.
It's a live show. What we do is we we
help people understand their retirement issues from the tax side
of it, from the income side, from the investment side,
from the estate planning. So we do complete planning and
(11:59):
today with focusing on wroth conversions. And what is a
wroth conversion. Well, many people out there have iras and
formal keys and TSPs. If you're a federal or a
sept plan self employed plan, these accounts are infected with taxes.
They grow tax deferred, which means when you start taking
money out, they have to hit you with taxes. You
(12:20):
get a ten ninety nine taxable event. So in the future,
what can you do? What are you doing to protect
yourself on the income side, And these are things we're
talking about here today to help you. But you can
start converting from the IRA and get the money out
of a taxable environment into tax free accounts. How do
you do that? And that's what we're discussing today. So Ded,
(12:40):
let's talk about the second question here. How much of
your future income will you need from your investments or
save these accounts?
Speaker 2 (12:47):
And that's a great question that we ask everyone because
you have to tell us what you're looking for. And
when you have a text deferred account with five hundred thousand,
one million dollars, your first thought is we've got to
take it from there, but do you have a pl
plan to convert that? So the common portfolio practice tells
us that there's a certain amount of distribution that an
investment portfolio can withstand without depleting itself over time. What
(13:11):
you want to do is have guaranteed income over your lifetime.
So if you're currently distributing a significant percentage of your
IRA on which to pay for living expenses, and then
you have to ask your portfolio to also pay the
taxes for the conversions, you can quickly get to the
no go situation on converting. Now, when I say that,
it's because that's what people think. But there are ways
(13:32):
to convert this where it makes sense to do it,
and we can show you that. So we like to
use a rule of thumb of four percent as the
maximum distribution from your total IRA, and this does not
apply to every situation. So again, when you meet with us,
we're going to go over this and we're going to
show you how it works. But it's a great starting
point to see if you should proceed with the notion
of a conversion. And the reason why the conversion is
(13:54):
so important is because we can show you strategically over
a five or seven year window to pay that tax
and have no tax to pay. And remember something I
said before, when you're saving all your life for you know,
tax retirement, for retirement, you have a tax deferred account.
So when you start taking it out the R and
DS and Chris, the distribution is so important right now
(14:16):
because along with that we look at the pension solid
security and how much do you really need to make
up the difference in it? It probably comes from your IRA,
but why not have it come from a wroth tax
free account.
Speaker 4 (14:27):
Well that's just said, So think about this when in
the future you need income. So let's just say you
retire and you get solid security of two thousand a
month and your spouse gets a thousand a month. That's
three thousand dollars a month of income. Well what if
you need five? What do you do? Many people think, well,
let's take it from my IRA. Well that's a two
thousand dollars a month distribution. Well, now you're going to
(14:47):
get a ten ninety nine and that's taxab one hundred
percent taxed. So what if you are able to create
tax free buckets? So maybe you take a thousand from
your IRA and a thousand from your wroth. Now you
have five thousand dollars a month of income. But guess
what you will be under the threshold income, which means
that you won't have to file a tax term because
(15:09):
you won't have to pay any tax. So many people
are thinking, well, how's that happen. Well, many people don't
understand how Social Security is taxed. So in this situation
I just mentioned, you can go ahead and protect yourself
from paying more tax in the future by doing the
planning now, so pick up the phone, schedule time to
meet with us. Let's talk about how you can create
(15:29):
tax free buckets and if you should convert your money
to the rough IRA eight three to three maggie tax.
Pick up the phone today. It's so crucial because tax
rates are going to go up. What are you doing
if you have the opportunity to convert. Let's convert on
the most tax efficient way and we can show you
eight three to three MAGI tax.
Speaker 2 (15:49):
And all of us have a debt to the irs,
so don't take that away because you saved on a
tax deferred basis. Now you got to pay the tax
the deal that you save on and the problem now
is that when taxes go up, and they will, then
most people will not see that, Chris, because they weren't
aware of the fact that tax cuts and jobs actually
reduce their taxes years ago. But look right now, if
you have a million dollar IRA, or a five hundred
(16:11):
thousand dollar IRA or a two hundred thousand I don't
care what's in the IRA of four oh one k.
You need to start thinking about converting because you're going
to pay tax, maybe ten to twenty times more than
the tax deduction that you got years ago. So think
about it. You know, I'd rather have tax free money,
and it's it's going to hurt a little bit. But
when you look at it and you say, I have
to pay that tax because then I own it, that's
(16:33):
what you want to do. It's like the mortgage on
your house. You have to pay a mortgage, but when
you pay it off, you own that house. It's the
same thing with your roth account or your RMD or
your IRA. If you pay the tax, then you have
no more rm D, you have no more tax on
Social Security, you have no more ERMA. And if your
advisor's not talking to you about this, or your tax prepairer,
(16:53):
please give us a call eight three to three, Maggie
tax eight three to three Magi tax.
Speaker 3 (16:58):
Let Chris and I run a conversion and for you
and prove it to you.
Speaker 2 (17:01):
And I can go with too examples later that I
can show you how we helped a million dollar IRA
basically pay little or no tax, but they got it
all back and now it's a tax free account, which
would you rather have?
Speaker 4 (17:11):
That's the thing, you know, think about it moving forward.
Tax rates are going to go up. The debt in
this country is high. Where are they going to get
the money? They know how much money you have in
qualified accounts, they know you know. That's what the thing
about it is is that they can increase tax rates
three percent, five percent, eight percent, ten percent in the
future and guess what that means more money to them,
less to you. But not if you have tax free buckets,
(17:35):
because then you just eliminated Uncle Sam forever and ever
and ever. Would you want to eliminate Uncle Sam? Absolutely?
If you can, how do you do it? That's the
planning we talk about. So let's do tax planning for you.
Let's do income planning, let's do investment planning. Let's put
it all together and do a state planning My gosh,
how many people out there don't have wills or trusts
(17:55):
or power of attorneys? Where state planning documents? Well, these
are just crucial to a client. Last week, sixty five
years old, my gosh, has three quarters of a million
dollars and guess what. They have no estate plan, they
have no income plan, they have no investment plan, they
have no tax plan. But now they do so because
they talked about how do we convert, how do we
put our money in the right position so we can
(18:17):
have tax free money in the future. They were concerned
about the increase in tax rates. They're concerned about the administration.
They're concerned about the legislative risk. What we mean by
that is when they start changing the tax code, just
by the it's written in pencil, they're going to change it.
So what do you do tax planning? Pick up the phone,
schedule time to meet with us eight three to three.
Magi Tax. We have office on both sides of the Bay.
(18:40):
Visit our website Maggie tax dot com. That's m a
Ggi tax dot com. Once again, schedule time to meet
with us. We look forward to meeting with you and
every Sunday on ABC TV at ten thirty am. Tune
into our show ten thirty am ABCTV on Sunday for
the Magi Tax and Financial Show eight three to three
Magi Tax. That's a three three Maggie Tax.
Speaker 1 (19:03):
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
(19:25):
three two two twenty five twenty. That's eight one three
three two two twenty five twenty. Now your host for
the Maggie Tax and Financial Hour, Father and son from
Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 4 (19:40):
Welcome back to Megie Tax and Financial Show. And last segment,
we're talking about the irs and guess what you are
the tax collector because you have that IRA, you have
that four one K, and guess what they have the
first mortgage on those accounts they are infected with taxes
and guess what they're coming after you for those taxes
on those accounts that you work so hard for. So
(20:02):
pick up the phone, schedule time to meet with us
some Chris Maggie and I'm here with my dad and
coast of the show, Robert Maggie. We're talking about having
strategies and creating strategies to possibly reduce or even eliminate
that income tax liability on those FOURM one cays. And
we can show you how to do that. Visit our
website at Maggie tax dot com. Click on the retirement
calculator and in thirty seconds we can tell you what
(20:23):
your retirement tax bill will look like. Make an appointment
and we can show you how not to be that
IRS collector. It's called tax planning. Another solution we're talking
about is income planning. We'll get into that in a
little bit, but talk about the seminars that we have.
Speaker 2 (20:38):
Yeah, the other solution is register for our seminar. It's
a three and one seminar. It's a state planning, social Security,
and tax planning. We're gonna cover tax planning and social security,
going to answer some questions, and the next thing that
you should be planning for is an income that you
cannot outlive in retirement.
Speaker 3 (20:54):
We talked about it earlier. Do bucket planning.
Speaker 2 (20:57):
We could show you how to get income and then
you know, safe and growth at the same time. And
there was a study it was just completed that identified
that Americans are more concerned with running out of money
in retirement than they are concerned about dying.
Speaker 3 (21:11):
Think about that. So what are you doing about it?
Is our question.
Speaker 2 (21:15):
And we believe that a guaranteed income that you cannot
outlive solves the issue of running out of money in retirement.
And we can help, and only insurance companies can provide
that benefit.
Speaker 3 (21:26):
We have one of the.
Speaker 2 (21:27):
Best income anuities ever developed for retirement. You don't know
about it, so that's why we're telling you about this.
And I would give serious consideration to a benefit like
this if I was you. And another serious issue that
we would like you to consider is debt, because more
and more Americans are finding themselves having to increase their
debt to maintain their standard of living. And Chris, everything
(21:49):
is increasing, inflation, you know, food, gas, it goes on
and on. Taxes are going up, and it just eats
away at everything you make. So when you're making income,
it takes a lot of that a way, and now
what do you do.
Speaker 4 (22:01):
Well, that's just inflation. But what about the taxes? What
if you had that tax increased tax liability on top
of that, then that means less income for you. And
that's why we see this each and every day, and
many people who meet with us, they don't see the
next ten or fifteen years out. We see those people
that are going through that today. We see that they
cannot go back to work. But guess what costs are increasing?
(22:22):
Or now they have to pay taxes because of IRMA right,
there's different taxes, we call them stealth taxes that come
and creep and then guess what, you have less income.
Where do you want to be? Do you want to
be in position where you can take advantage of these
opportunities or do you want to fall victim to them
and just follow the crowd and say, well, everyone lost money,
or everyone's paying taxes, or everyone's part of that. No,
(22:44):
it's not true. There are planners out there. There are
people who can put together a plan to keep you
out of these situations. So pick up the phone, schedule
time to meet with us. If you're looking for income planning,
we can help. If you're looking for an investment plan,
we can help. If you're looking for security maximization planning,
we can help. If you look at for tax planning,
we can help. Peak of the phone, a three to
(23:06):
three Maggie tacks, you know.
Speaker 2 (23:07):
And all of this creates problems for a family or
a business if the primary wageourner dies too early.
Speaker 3 (23:13):
How many of you think about that?
Speaker 2 (23:15):
Statistically, many many Americans are living paycheck to paycheck and
we see that every time that we do tax returns.
And if those paychecks were interrupted because you died prematurely,
it could create tremendous problems. If you attend our state
Planning seminar, you're going to understand and learn what you
can do now before anything happens. It's called proper planning.
(23:35):
And we've done these seminar as they've been very successful.
And people leave the event and they say, you know,
we never thought about it that way. It's something that
you have to think about. So don't you understand that
if it is difficult to afford a premium while you
are here and working, wouldn't it be even more difficult
for you or your family or business to deal with
all of the debt If your warrant there and Chris,
(23:57):
that's a problem. They don't do planning. They don't do
a bus get planning or budget planning. We had a
client last week that said I never did a budget.
Speaker 4 (24:04):
Well that's just it. And they looked at me and
they said, well, we were just used to make an
income and spending it. And then luckily they had a
retirement plan already put together for them because of past inheritance.
It was kind of a plan put right into their lap.
But now they don't know what to do with it.
So now they're there, they don't have the right tools
(24:25):
in place to structure their income planning. And that's where
they met with us, and they said, Chris, we need help.
When you need bucket planning, we need to do some budgets.
We need to make sure that we're living and paying
less taxes. Can you help? And that's what we do.
So when you when you meet with us, we're gonna
look at what you have. We'll look at your taxes,
we look at your investments. We're gonna look at what
(24:45):
you're looking to accomplish. Do you want to travel, do
you want to play golf? What do you want to do?
This is about you and your money. We'll be honest
with you. We'll tell you you can retire or you
know what, you can't. You gotta wait now the five
years you got to pay this debt down, You got
to do this or that. That's what you need. You
need clarity, you need confidence, and that's what we can
provide to you. So get the Maggie planned for your
(25:06):
retirement eight three to three maggie tax. That's eight three
to three maggie tax.
Speaker 2 (25:10):
And let's see what it would cost to eliminate all
your debt, including your mortgage, and how much income we
would have to replace if you died too soon. Your
family and business would face tremendous difficulty if you were
not here. We all know that, and many of you
listening have a situation that you could relate to. So
let's make sure that your income is still here even
if you are not. And another concerned Americans are starting
(25:32):
to realize is long term care. And many families life
savings are destroyed in a short amount of time paying
for long term care. So when people run out of
money or don't have enough money for long term care,
the responsibility falls on a family member, and usually it
is a female family member. And according to AARP, one
out of every five Americans is an unpaid family caregiver.
(25:57):
I know I was because my dad was in a
nursing home. We had to take care of him, my sister,
and my brother and we could not have someone come in.
And that happens to a lot of people out there.
So the person giving the care of losers income because
they're not working, and this causes stress on the family
financially and emotionally. And it happens, and these events destroy
the family's assets and savings. And we have many different
(26:19):
ways that we can cover these costs for you. And
events like these are devastating to families. So let's get
started with a program that will allow you and your
family to be in control when this happens. Visit Maggie
tax dot com give us a call at eight three
to three. Magie Tax operators are standing by right now.
The reason why Chris and I do these shows is
for educational purposes. Register for our free, no costs three
(26:42):
in one seminar. You have nothing to lose. It's ninety
minutes of education on a state planning, social security planning,
and the big one that we're even going to get
to talk about is tax planning eight three to three
Magie tax.
Speaker 4 (26:54):
So we have exciting things to share with you, and
when you come to meet with us, we're going to
show you these things. I mean, think about it. When
you can have income and not pay tax, or have
income and pay very low tax, you kind of sit
back and you say, this is what it's all about.
You know, when we show a client in retirement their
tax return and they go, well, that's the effect of
(27:14):
tax bracket them in I'm not where I used to be. Well, yeah,
let me show you why. And they say, oh my gosh,
we have about the same amount of income coming in
the front door, and we're not paying that much in tax.
So all the tax savings promotes them more income. And
now you can see that the income streams that are
coming in each and every month, those are called paychecks.
But guess what, you don't have to go to work
(27:36):
to get them anymore. And then you can generate some
play checks. Playchecks are just extra income where you can
just generate, just spend every month because you know it's
coming in. What a great feeling to have.
Speaker 3 (27:47):
Let me ask you a question.
Speaker 2 (27:49):
Does a CPA or a tax prepare talk about income planning,
investment planning.
Speaker 3 (27:54):
And legacy planning.
Speaker 4 (27:55):
The answer is no.
Speaker 2 (27:56):
Okay, does a broker talk about tax planning, income planning
or taxes?
Speaker 4 (28:03):
I can tell you firsthand. I used to work with
one of the largest brokerage houses out there when I
first start in this business. And the answer to that question,
if someone said to you, can you tell me about taxes,
the answer would be from the broker would be just
consult your tax advisor because we can't share on that information.
And that's where you're missing the boat if you're working
(28:26):
with that advisor. Because there are planners that like us
that this is what we do. We take a tax
approach and everything we do, we understand investments, We understand
your income needs, we understand the maximization and social security
and also your investments. And when you put all that together,
guess what, you have a plan with a smile on
your face because now you have income on a tax
(28:46):
favored basis, You have income and investments that you can
draw from that you know you're not going to outlive
your money. You also have investments that you can put
together where you don't lose anything, and you also have
investments where you can actually make money of the market
goes down. So think about that for a minute. If
you want any of those different things, then why are
(29:07):
you not searching for them? And if you're listening to
it today, we can help pick up the phone, schedule
time to meet with us A three three Maggie taxs.
Speaker 2 (29:13):
You know, years ago when I started, I did you
know Medicare? I did life insurance. And when I used
to sit with a client and just go in, you know,
offer the life insurance, they'd say, do you know anything
about tax planing? I would say no, you have to
go call your tax prepare. And then some would say
do anything about income planning? And I would say no,
because I'm doing Medicare and solid security. And then a
light bulb went off in my mind. And if you
look at our website, Maggie tax dot com, you'll see
(29:36):
all the topics that we talk about, Social Security, Medicare.
Speaker 3 (29:40):
Why did I do that?
Speaker 2 (29:41):
Because Chris and I do complete planning. That's what we're
talking about here. It's not about someone telling you you
can go anywhere and get one product. You go buy
a shirt, you go buy a pair of pants, you
can go to two different stores. But if you want
to buy a complete outfit.
Speaker 3 (29:54):
What do you do? You go to one store and
buy the whole complete outfit.
Speaker 4 (29:57):
That's it. And you know what those are out there
on the front side, and that's what we do. So
pick up the phone, Maggi, Tax dot Com so much
there to help you out with. Oh my gosh, you
know those videos on our website to learn what your
future tax rate's going to be in retirement on that IRA,
that full one K that you have. Guess what we
can tell you today in thirty seconds what that retirement
(30:17):
tax bill will be. And why do you need to
know this because this is your money? So think about it.
You have a five hundred thousand dollars full one k.
Oh my gosh, you put money away. That's great, but
guess what it's not all yours irs gets paid first.
And guess what your next So you have a mortgage
on it? What are you gonna do with it? How
do you defuse this big tax time bomb? We can
show you how. Pick up the phone. Schedule time to
(30:39):
meet with us. We have exciting plans to show you
and we can't wait to meet with you. Pick up
the phone eight three three, Maggie Tax and don't forget
Every Sunday, tune into our Maggi Tax and Financial Show
on ABCTV at ten thirty am. It's a show thirty minutes.
It'll show you, educate you Maggie Tax dot Com for
more information, and also tune into our seminars three and
(31:02):
one Seminars Maggie Tax dot Com A three three Maggie Tax.
Speaker 1 (31:07):
Stop planning for Uncle Sam's retirement and start planning for
your retirement. As we return to the Maggie Tax and
Financial Hour with your host, father and son Robert and
Chris Maggie. For additional information on how you can create
a tax free retirement, visit Maggie Tax dot Com. That's
m a gg I Tax dot Com or call eight
(31:28):
one three three two two twenty five twenty. That's eight
one three three two two twenty five twenty now your
host for the Maggie Tax and Financial Hour, Father and
son from Maggie Tax Advisory and Financial Group, Robert and
Chris Maggie.
Speaker 4 (31:46):
Thanks for tuning into the Maggie Tax and Financial Showing.
As always you We're so glad to be here and
there's been a great show throughout today. And if you
have any questions, pick up the phone, schedule a time
to meet with us. You know, we meet with people
and they come in with questions, they have concerns, and
they don't know where to go. And you have that
resource rate here. We can help you in so many ways.
If you're looking for an income plan, we can help.
(32:06):
If you're looking for a tax plan, we can help.
If you're looking for an investment plan, we can help.
If you're looking to maximize your Social Security benefits, we
can help. If you're looking for in a state plan,
we can help. If you're looking for all that. That's
what we call the Maggie Plan. It's a plan that's
simple and easy for you to understand. The thing that
I also want to talk about is planning for an
income that you cannot outlive in retirement. A study was
(32:30):
completed that identify that many Americans out there are more
concerned with running out of money in retirement than they
are actually concerned of actually dying. And we believe that
a guaranteed income stream that you cannot outlive solves the
issue of running out of money in retirement. Do you
have an income plan? If not, why not? We can
help you and only insurance companies can provide that benefit.
(32:52):
So there's ways to go ahead and produce a guaranteed
bucket where you can't outlive your money and you can
play with the rest or invest the rest how orever
you want. And we have one of those best income
plans out there for retirement. Why because we have looked
at many different options. We have dissected this. We have
showed you how to have income a most tax efficient way.
(33:13):
It's out there if you just meet with the right advisor.
So pick up the phone, schedule time to meet with
us eight three to three, Maggie Tax. We talk about
bucket planning, income planning, bucket planning, and investment planning. It's
a great dynamic when you can incorporate everything, especially with
the taxes, to have more income on a tax efficient way.
Speaker 2 (33:30):
And also choosing a financial advisor is not easy. I'm
sure many of you know that. Maybe some of you
have had your financial advisor for years and you're just
locked into But it doesn't mean you can't look around
for a second opinion. And some of the things that
we're talking about. Ask them the same questions that we're
throwing out there. Can they do income planning, can they
do tax planning. That's a big thing right now. Most
(33:52):
advisors say, look, they have to go see a tax advisor. Well,
that's an open door for us because once we show
you what you should be doing, and your advisor is
and showing you what you should be doing, that's a
reason to start thinking and changing and looking for someone else.
And like Chris said, it's important to understand what we
do here. We have a tax division, we have an
income division, we have an estate division, and an investment division,
(34:13):
and we cover everything. It's called complete planning. Many people
come in and they say to us, wow, we didn't
know you do so many things. But it's all part
of a complete plan. So are you going to look
your future intoto a micro lens or a macro lens?
And that's important to understand what I just said. A
micro lens is today, it's this year. What about a
macro lens, Chris, when they're looking at retirement? And then
(34:35):
we stop and you know, we look at everything on
the table and say, here's what's going to happen in
five years and ten years. Because everything you're talking about
you mentioned that I mentioned today is going to change.
And legislative risk is going to make that happen. So
if you're not prepared, it's time to start sitting down
and get a second opinion. It doesn't hurt because maybe
what you don't know you know is going to hurt you.
(34:56):
But if we can help educate you on the right thing,
and here's what we do, will challenge you.
Speaker 3 (35:00):
Go back to your advisor. We don't care.
Speaker 2 (35:03):
Ask them why they didn't talk to you about tax planning,
why they didn't talk to you about Social Security maximization,
why they didn't talk to you about IRRA distribution.
Speaker 3 (35:10):
When's the best time to take it? Ask them and
see what they say.
Speaker 4 (35:14):
Well, that's it. You know again, it's not about a fight.
It's about for you. It's about what you want to
do and accomplish what you want for your retirement. You know,
the advisor that you might have is probably a great
guy or a great girl and you've been with them
for years, but maybe they're just not equipped with the
right tools to help you in a lot of different ways.
And that's okay, And that's why, you know, it's about
understanding and about growing and about understanding that what you
(35:36):
can do to make your situation better. Things are changing
Taxes are changing, rules are changing, legislative risk. These are
things that are changing all the time. Investments are changing.
Companies and products are being developed to enhance your situation.
Guess why. Because people are living longer. People want safety.
People want to have both the upsides and also the
(35:57):
protection on the downside. There's a lot of different things
that that are being developed to help you. You need
to know what they are, so pick up the phone,
schedule time to meet with it. It's called technology, but
it's innovative ideas and strategies that help people. And when
we can incorporate all those for your plan, my gosh.
You have a power plan and we call it a
(36:17):
complete plan. Because you have income, you have an income plan.
You have tax planning where you can have income on
the most tax efficient way. Those two work together. What
about your investments? If your investments are causing unnecessary taxes,
guess what. You're paying more taxes on your investments. And
it's not about what your accounts did today. It's about
(36:38):
the macro lens. As my dad mentioned, it's not just
about the micro lens. Look at your plan as far
as a macro lens. What is it doing overall and
do you have all those things put to play. That's
what we're discussing today is bucket planning, tax planning, income planning,
investment planning, estate planning. We can help a three to
three Maggie tax and.
Speaker 3 (36:56):
It's real simple.
Speaker 2 (36:57):
Today's retirement has changed the old rules to apply because
there's so many things Chris mentioned, technology has changed. You
know what we do when we plan. It's not just
talking about the stock or the mutual fund anymore. It's
about income planning, it's about tax planning, it's about investment planning,
and it's about legacy planning. And that's the reason why
we do that Seminar three and one, because we talk
(37:18):
about a state planning, our tax planning, and social security
planning to everyone that walks in our room and sees
what we do, because it's going to affect you in
some way. If you don't have a will, probate's going
to you know, eat it away. You will know that.
I mean, this is what we see every day. I
think sixty percent of Americans don't even have a will.
Why because no one's talking about that. And for the
(37:38):
older people out there, you know that maybe your parents
went through probate because that. Back then, they didn't talk
about investments to the kids. It was a no no.
So those are things that are changing right now. You
have to because it's going to eat away at your
retirement and your accounts, and don't let it happen. Your
tax bill and retirement could be too big. Let's talk
about that. And social Security can be confusing. We know
(37:59):
that you know what is FRA full retirement age? What
is the CALLA? What is ERMA? These are things that
are coming up, Chris at every seminar we do and
every client that walks in, So it's up to you.
Give us a call at eight three to three Maggie Tax.
Be sure to visit our website Maggie tax dot com,
click on seminars and register for one of the seminars.
They're every week. They're free, there's no cost, educational and
(38:21):
you can you can leave if you want to or
stay throughout the whole thing. And more importantly, don't forget.
Every Sunday at ten thirty on ABC TV, tune into
the Maggie Tax and Financial Show, Chris and I talk
about a lot of topics that.
Speaker 3 (38:33):
Affect all of you.
Speaker 2 (38:35):
Eight three to three Maggie Tax, eight three to three
Maggie Tax and you're listening to the Maggie Tax and
Financial Show.
Speaker 1 (38:42):
You've been listening to the Maggie Tax and Financial Hour,
discussing tax planning investment strategy is presented by Robert and
Chris Maggie from Maggie Tax Advisory and Financial Services with
offices in Hillsboro and Panela's County. Visit Maggie Tax dot
com or called eight one three three two two twenty five.
That's eight one three three two two twenty five twenty
(39:04):
and tune in next Saturday at five for the Maggie
Tax and Financial Hour
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