Episode Transcript
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Speaker 1 (00:00):
All these years you've saved up planning for secure retirement,
but if you're not careful, it will be the irs
that's living it up when you retire by taxing your
hard earned money. Welcome to the Maggie Tax and Financial
Hour with Robert and Chris Maggie of Maggie Tax Advisory
and Financial Group. With over thirty years of combined experience
and 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 (00:52):
Welcome everyone, and thanks for joining us today. My name
is Robert Maggie and I'm here with Chris Maggie, and
be sure to visit our website, Maggie Tax dot Com.
Today we're going to talk about some topics, but register
for our seminars. It's a three and one. We'll talk
about that throughout today's show. And also go to the
retirement tax calculator so you could see what your retirement
tax bill is going to be. These are two important
(01:15):
spaces that you can go to to find out information
for free. And we're going to talk about our three
and one seminar today because it's going to help a
lot of people. Also visit our website Maggie tax dot com.
Be sure to watch our TV show every Sunday at
ten thirty am. It's about education and we have a
lot of topics to talk about today, so let's get going. Chris,
(01:36):
and you know, I'm excited about this because we put
a three and one seminar together. It's been very successful.
We talk about a state planning social security and taxes
and a lot of advisors out there aren't doing any
of that, and I can tell you from the results
that we've had, as you know, it's been very well received.
Speaker 3 (01:50):
Well that's just said, so welcome everyone. I'm Chris Maggie
and thanks for tuning into our show. And you know,
each and every week we talk about education and if
you're not working with a complete planner. You're missing boat
because most advisors out there just deal with investments and really,
you can invest your own money. It's not that hard, really,
but most people don't complete the rest of the story.
(02:12):
And there's income planning, and there's tax planning, there's investment planning,
there's social security maximization planning, and then what we're talking
about today is a state planning. So what's a state planning?
And what documents do people need in Florida.
Speaker 2 (02:24):
And that's a big question because a lot of people
Chris bypass it. I believe sixty percent of the American
people don't even have a will. And that's said because
when you pass away, you want to make sure that
your assets are title correctly. We talk about this every
time about beneficiary designation and make sure it goes to
who you want. So when you go up to heaven
and you're looking down, what is your family picture going
(02:46):
to look like? Is it going to look like people
are fighting or people are just you know, relaxed and
got everything the way you want it? And that's important.
So what state planning documents do we need in Florida.
Let's talk about that. So a state planning or enhance
planning applies to all of you. And I'm not you know,
I don't care how old you are, but it applies
to all of you. So register today at Maggie tax
(03:07):
dot com, click on seminars and all the locations and
times are listed, and we do the seminar at libraries
because it's about education. And like Chris said, we educate
a lot of people throughout the week and throughout the
year and throughout our career because it's about learning the
language and understanding what to do. So a library is
a great place to learn. And another reason to attend
(03:28):
is what I give you all a free copy of
our first book that we wrote. Stop funding Uncle Sam's
retirement and get a plan that's simple and easy to understand.
And we call it the Maggie Plan. It's a tax plan,
it's an income plan, it's an investment plan, and more importantly, Chris,
it's a legacy plan. So there's a lot that we're
offering there, and it's very easy to attend, and it's
like ninety minutes, so why not show up?
Speaker 3 (03:49):
Absolutely, So visit our website at Maggie tax dot com.
There's so much information right there. So let's discuss what
documents are required in Florida. There are a handful of
things that need to be sorted out before you can
set things in stone to ensure that everything goes smoothly.
You want to avoid the probate process, and you don't
want to go through probate if you don't have to.
(04:10):
And most people they just don't know what they don't
know and they just think that's just the process. But
it doesn't have to be that way. So as I
talk about, things have to go smoothly, but it can
be a lot for a single person to keep track
of and not everyone may understand the terminology that's involved.
So that's why you need to meet with the right advisor.
That's why Magita's advisory is here to let you know
(04:31):
what documents are needed for a state planning and an
explanation of what they're for. So we work with a
national group of attorneys to get all the documents that
you need. Every situation is different, but the question is
what is a state planning? And here's a brief summary
that once you go into that and talk about what
a state planning is.
Speaker 2 (04:49):
Sure, and again a lot of people don't spend a
lot of time on this, but you know it's something
that you have to think about. So what is a
state planning? So a brief summary that make this easy.
Things can happen that they put us in a situation
where unable to communicate our intentions when it comes to
our assets or our own well being. So, whether it
be from a sudden disability and inability to speak freely
(05:11):
or the act of passing, there are a number of
reasons that could cause you to relinquish control of your
say in things that you want to have done, not
someone else. So a state planning prepares you for these
outcomes by setting your wishes in place should any of
these things occur. And Chris, not when someone sitting on
a hospital bed in a coma, or you know, dementia
(05:33):
sets in before that. That's what this is all about.
To take the time to sit down and do it.
And you'd be surprised how many clients have we met
that sat down and said, Wow, I didn't think it
was this easy, but I'm so glad I did it
now absolutely.
Speaker 3 (05:44):
I mean, we just met with a beneficiary of a
daughter who mom passed away just last week, and you
know we met with them two years ago. Do the
estate planning side of the whole complete plan and guess
what she came in. She had a death certificate, she
was the beneficiary with her brother, and guess what. Things
passed smoothly as can be. And that can happen for
(06:05):
you as well. And estate planning or estate planning involves
a few types of documentation to ensure that the results
that you desire. Each of these papers covers your rights
in their corresponding fields and you can enjoy the peace
of mind by getting it all down in writing. That's
what it's about. But also you have to make sure
that things are notarized. Just keep in mind that it's
(06:26):
important to avoid common estate planning mistakes since you won't
be able to fix them after it's too late. So
such documents are your last will and testament. This is
often seen as one of the most important documents that
you can sign. Your last will and testament will make
sure that your assets go to the people that you
want them to go to. This can also be used
to designate specific people to be the guardian of your
(06:46):
mind and children. Without this document, there's no guarantee that
your wishes will be fulfilled after you pass registered for.
Speaker 2 (06:53):
US seven are we do a state planning segment on
that to help you. We have a nice marketing piece
that will give all of you to kind of fill
in the blanks. You know, who's going to get what,
How does it work for a husband and wife, the
whole thing. So register at our website, Maggie Tax dot com.
That's what we're talking about today. I invite all of you.
It's very simple. Go to Maggie tax dot com, look
for seminars and the dates are there for August and
(07:15):
it's free. There's no cost, there's no obligation. But the
bottom line is we have done this and I have
done many seminars in my career. It's about education. So
if you're coming to a seminar to get educated, we're
at the right place because it's at the library. Please
don't come to a seminar and it expect to be
sold something. That's not the way it is christ And
to me today, the language and the education is so
(07:37):
important for everyone listening to today's show, Well that's said.
Speaker 3 (07:39):
So that's why we do complete planning. We call it
the Maggie Plan. It's a tax plan and it's an
investment plan, it's an income plan. It's state planning. You know,
it's legacy planning, it's so security maximization planning. And we're
talking about today in this topic here at State Planning,
and you know we do complete planning, so we can
help you in a lot of different ways. Let's discuss
what a living trust is.
Speaker 2 (07:59):
Sure on this. This is one of the questions we
get all the time. So how can you make sure
that your positions are going to be distributed how you wish?
That's the most important thing. And you can personally choose
someone that you know to be the trustee to handle
all of your assets for you after you pass, to
give you greater peace of mind. It says like speak
from the grave. So you are also able to change
(08:20):
your designation to designate a trustee as many times as
you'd like, for as long as you are alive. And
here's the question. As you put a trust together, you
have a trustee, but you can change them. You have
full control, right, you can buy, sell, you can still
manage the whole trust. But it's more protection for you
because you're doing it.
Speaker 3 (08:39):
And what's really important is that a trust avoid's probate
and Also, it's private, so God forbid you pass away.
Something happens to you. People out there, it doesn't have
to go through the probate process. It's not public data.
It's private, so no one's going to know what you
have and what your wishes are. So that's why it's important.
These are some of the documents that we're talking about
when you talk about state planning and enhance planning. So
(09:02):
pick up the phone, schedule time to meet with us.
If you don't have a will, you're looking for questions
about a trust or state planning, we have the attorneys
here to help you. Eight three to three MAGI tax.
That's eight three to three MAGI tax. So what are
other documents that are part of the estate planning process.
Speaker 2 (09:17):
Another document is a power of attorney. So if you
are ever in a situation where you are unable to
make important decisions yourself concerning your property, financial matters, and
other assets, a power of attorney can make those decisions
on your behalf. So you would want someone that you
could absolutely trust to handle such important matters. And this
(09:38):
document will establish who will be your power of attorney
should you ever need one. And Chris, this is the
documents that people missing that we see all the time.
Speaker 3 (09:46):
That's right. So let's talk about healthcare directives. So setting
up your healthcare directives is almost like having a power
of attorney, but for medical concerns, you can state what
types of treatment you do and do not want, what
surgeries you approve of, whether or not you would like
to do it at your organs, and so on. So
since these concerns are something that's very personal to you
and it's your own body, it's very important to have
(10:07):
such matters clearly written. So reach out to us at
Maggi Tax Advisory and Financial Group. We can help you.
We can help and help you in a lot of
different ways. We can preserve your family harmony and protect
your legacy. That's what it's about. So we have a
question for all of you. How often do you play
the estate game in your lifetime? How do you know
how well you did? You're never gonna know until you
(10:29):
actually get it done. So that's why it's important to
meet with us. Pick up the phone and schedule time
to meet with us eight three to three MAGI tacks.
Speaker 2 (10:37):
Be sure to register for US seminars. Go to Maggie
Tax dot com right now hit seminars. You'll see the
seminars coming up in August and every month after that.
So it's up to you get educated. What's trying to
help everyone out there? Eight three to three Maggie Tax
and Don't forget. Every Sunday at ten thirty, what's your
TV show on ABC, The Magi Tax and Financial Show.
Speaker 1 (10:58):
Stop planning for Uncle Sam's or timeirement 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
(11:19):
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty now your host
for the Maggie Tax and Financial Hour, Father and son
from Maggie Tax Advisory in Financial Group, Robert and Chris Maggie.
Speaker 2 (11:36):
Welcome back and you're listening to the Maggie Tax and
Financial Show. My name is Robert Maggie and I'm here
with my son Chris Maggie and don't forget visit our
website Maggie Tax dot Com and tune in every Sunday
at ten thirty on ABC TV to the Maggie Tax
and Financial Show. So along the way, we get a
lot of clients to come in and we do different
plans for these folks, whether it be income, whether it
(11:56):
be tax planning. But Chris, let's talk about when someone
come and they want safety of their money, they want
guaranteed income, and they want you know, longevity where they
have money left over for the kids.
Speaker 3 (12:07):
How do we go about that great question? And you know,
if you're out there listening today and just give an example.
We had a client that came in three years ago
and we just need to reviews each and every year.
And they came in with six hundred thousand dollars and
they retired and they have some income coming in, so
we really didn't need to give them income because they
had two pensions and social securities coming in. So four
income streams that totaled seven thousand dollars a month of
(12:30):
income net after tax, and they only need about five
thousand a month. So they have positive cash flow of
two thousand dollars a month. So they said, well, what
do we do with our six hundred thousand dollars and
I said, well, what do you want to do with it?
And they sat back and they said, well, we don't
really know, but we do have money in the market
and we're playing the market and it's going up and down.
And I asked them, as safety of your money important
(12:51):
to you? And they both sat back and they said,
at this phase of the game, absolutely it has, isn't
it to everybody? And I said, no, it's actually not.
We have clients that come in sometimes and you know,
if they lose ten bucks they can't do that, they
can't stomach that, they can't sleep at night. They have
other clients that come in and if they lose a
couple hundred grand because the mark goes up and down,
it's not a big deal. It's going to come back.
So my question to you out there is where are you?
(13:13):
And if you are sitting in a volatile account and
you don't want to be, then you need to raise
your hand and pick up the phone and schedule time
to meet with us. If you are on a conservative
account and you want to take more risk with some
of your money, then you need to pick up the
phone and raise your hand and schedule time to meet
with us. But going back to the client who had
six hundred thousand dollars of money, what we did was
(13:34):
we did the color of money. We did bucket planning.
We call it now money, later money, never money. And
when we organize these accounts into different buckets, they had
safety of their money in the short term. They had
long term growth with money on the other side, which
is never to later money. And what we did was
we can deal with the risk with those accounts that
(13:55):
we're not going to touch for ten to fifteen to
twenty years. So we did strategic planning where we made
these buckets where they had control, flexibility. And that's where
many people come in they have no plan.
Speaker 2 (14:08):
But when they.
Speaker 3 (14:09):
Leave us and they work with us, guess what, they
have a plan.
Speaker 2 (14:14):
Here's what I would say to that, because this is
the biggest question. You're right on everything you said, and
it's encouraging to know that when people come in. This
is what we talk about. But here's the big thing.
When I ask people to bring in their statement, as
you know, many of them have a brokerage account, they
have stockspawns, and mutual funds. They have some risk and
no risk. They have some in the fixed account. But
(14:34):
that's not a plan. That's not a plan, that's not
the Maggie plan, that's not an income plan, that's not
a tax plan. And what Chris is referring to, if
you've heard as many times talk about bucket planning, this
is where we can put a plan together for you
based on the money that you have. Now, when we
do a risk tolerance form, and Chris, this is so
important we talk about it. The risk tolerance form tells
(14:54):
us more about a client, what risk they're taking. And
many times you can talk about this, they're in more
risk than they even know they are because their advisor
doesn't sit down and tell them that. And that's a
big problem, right, that's it.
Speaker 3 (15:06):
I mean, you know when we do an announce of
your accounts, many people have just piles of money. Think
about this. You have five statements that come in the mail, right,
three statements. Some stams won't even come in the mail,
they come every quarter. You might have an old four
one K that you never really look at anymore, maybe
two or three of them, right, because you've changed your employers.
So the bottom line here is many people have piles
(15:27):
of money and there's no concrete to those piles. They
can be tumbled down. Think of it. You know they
just piles of sand, right and they can be blown
away by just market fluctuation. Is that what you want?
Or do you want a concrete plan where if there
is wind blowing and storms changing and things happening and
hurricanes and whatever it is that your account doesn't move.
(15:50):
That's what we need to talk about. Your color of money.
What do you want your money to do for you?
Because if you're looking for a plan, an investment plan,
we can help. And that's why you pick up the phone,
schedule time to meet with us. Eight three three, Maggie Tax.
Let's get a second opinion on what you currently have
and let's do bucket planning for you.
Speaker 2 (16:06):
And again I challenge all of you if you have
a plan. Now, we're not trying to break a relationship here.
What we're trying to do is when you come in
and we show you a different strategy and then you
sit back and say, wow, my guy or Mike Gal
has not told me that, then we have something to
talk about. Because this is the new rules of retirement.
You have to understand what we're talking about. Roth conversions
and tax planning and income planning. If your folks are
(16:26):
not talking about that, shame on them, because when it
comes to retirement, you want to make sure that you
have enough coming in, like Chris says, the front door
every month where you can just pick up the check,
cash the check and not worry about the other expenses.
And when you start taking a lot of risk, Chris,
and this is what we see, because that's what they
were taught, take a lot of risks. See if the
market goes up, and we all know what's going on
(16:47):
with the market goes up, it goes down. But on
our Maggie plan, the way we do it, we position
a lot of money, not a lot of money, but
the portion that you want to be safe in green buckets.
Green buckets mean it doesn't go down, it only goes up.
Speaker 3 (17:00):
And there's no fees to those buckets either, So they
could be safety and no fees and you don't have
to worry about the rest, which is.
Speaker 2 (17:06):
The biggest question. What's the biggest concern everybody comes in,
what's your fee?
Speaker 3 (17:09):
Worried about the fee to play right, But again it's
not about that. It doesn't have to be that way.
If you want safe money, but.
Speaker 2 (17:15):
If you're in a Brokens account and you have an
IRA and you're paying fees, you're paying fees on an
account that should be growing, not going down.
Speaker 3 (17:20):
Well that's it. And if no one's watching it and
it's pretty much just all transactions and you have loads
and commissions, guess what you're not Your account's not doing
what you want it to do. So that's why it's
so important. It's encouraging pick up the phone, schedule time
to meet with us. We have offices standing by. Let
them know that it's urgent that you need to come
in and meet with us. Because when we see retirement,
there's the accumulation phase, there's the distribution phase of your retirement.
(17:44):
Where are you right now? Because if you are approaching
the distribution phase or in the distribution phase and you
see these big volatility markets go up and they go down,
if that doesn't affect you or scare you, then maybe
you start looking at what's happening. Because if it is
affecting you and worrying you and keeping you up at night,
then maybe now is a time, more than ever before,
(18:07):
to make sure that you get a second opinion and
we can help eight three three Maggie Tax, and don't.
Speaker 2 (18:12):
Forget to watch our TV show on Sunday at ten thirty.
We have seminars coming up every month on a state planning,
on tax planning. If you go to my website, Maggie
Tax dot com, they're all listed there. We do them
in libraries so we can educate you. And that's the
whole point for you to come in and be educated
and not be sold. Because once you understand the ground
rules of this income planning, tax planning, investment planning, market risk,
(18:35):
you know all the types of risks that are out there,
the health risk. This is important for all of you
out there. Pick up the phone eight three three Maggie Tax.
Visit our website, Maggie Tax dot com. Click on seminars
and register for one of the seminars. They're free in
their educational eight three three Magi Tax and visit the
Maggie Tax dot Com Maggie tax dot com website. On
the retirement calculator, click on Maggie Tax dot com. Give
(18:59):
us a call right now eight three to 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 gg I tax dot com or call eight one
(19:25):
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty now your host
for the Maggie Tax and Financial Hour, Father and son
from Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 3 (19:41):
Welcome back to the Maggie Tax and Financial Show, and
thank you so much for tuning in and visit our
website at Maggie tax dot com. In thirty seconds, you
can find out what your tax bill would be in retirement.
If you have an IRA four one K, you need
to understand what this number is why, because it can't
affect your retirement future income. Maggietax dot com up a
(20:03):
right hand corner tax bill in retirement, Click on it
and you can discover what that will be. But more importantly,
schedule time to meet with us. There's so much information
to talk about. If you have questions about how do
I design an income plan for my retirement where it
has inflation built in and multiple income sources and guaranteed income.
How do I go about doing that? We can help.
(20:25):
What if you're looking for an investment plan. A lot
of volatility going on in the market. Does it really
keep you up at night? Are you losing sleep? Do
you have questions? Do you really not know what's going
on and you're afraid to open up your statements. Well,
let's ged it together and have a conversation about it,
because there might be some bucket planning that we could
put together to design for safety and growth and inflation
(20:47):
and a lot of other opportunities that are in the
market today. What about social security planning? Do you have
questions about how do I maximize it for me and
my spouse? What about a state planning? I want to
leave all this stuff to my heirs. I just don't
know how to do do it? Is everything set up
the right way? Well, we can help these things that
we do each and every day to help you. So
pick up the phone, schedule time to meet with us.
(21:07):
We look forward to get in together with you. Eight
three to three Maggie tax.
Speaker 2 (21:12):
So the question I would ask is how many of
you have a complete plan or an incomplete plan? And
what Chris just mentioned are some of the things that
we see that people have an incomplete plan. So what
are you doing about it? You know, what keeps you
up at night? What's that elephant in the room? Is
it about income? Is it about taxes? Is it about
your investments? We know the volatility of the market is there,
(21:35):
but how are you prepared to take less risk and
keep more for yourself? And has anyone ever done a
beneficiary review for you? Quick example, We've had a client,
a couple clients this past year. They passed away and
they had beneficiary designations on there. They had POD and
TOD on their accounts and Chris, the money passed to
their beneficiaries probate free and it didn't have to go
(21:58):
through that process. And people make, you know, mistakes about
estate planning, let's call it enhanced planning. Do you have
the list of who you want your assets to go
to and when it should go to them and how
much it should go to them? Are you set up
that way so you know if you have an incomplete plan?
Think about what Chris and I are talking about. If
(22:21):
it's about income, it's about taxes, you confuse about your investments.
You don't understand them. We see this every day. We
ask a client, bring in your statement, We ask them
do they understand their investments? And Chris, the answer that
we get all the time is well, not really, that
is just not a good answer, and it's not because
you work hard. You worked hard for the money you have,
the assets that you have, and the worst thing you
(22:43):
want to do is either I have to go back
to work or be outlive your money. And most people
that come in and meet with us, we ask them,
you know what brought you in and the main question
and the answer is I want to make sure I
don't outlive my money and is that going to happen?
And we have to do the analysis to figure it out.
Speaker 3 (23:00):
Some times we have to tell people yes, at this
pace and with the assets that you have, you will
outlive your money. And that's where it's very, very scary.
So can you retire? We can show you. We can,
We can show you the projections, We can show you
what the guarantees are going to be. We can show
you that if you have a concrete plan or a
complete plan, then you'll enjoy retirement. You'll have the inflation
(23:23):
buckets coming in for income in the future, you'll have
the estate plan so if anything happens to you a
stay in your family. That's what we call developing a
plan because if you don't have a plan, guess what,
you know what, someone who you don't know will make
that plan for you in the future because you didn't
set it up the right way.
Speaker 2 (23:40):
So check the boxes off. Do you have a tax
plan yes or no? Do you have an income plan
yes or no? Do you have an investment plan or
just laying that money right in the market. Do you
have an estate plan or an enhanced plan? What about
college planning for the children? Are you aware if you
have a mutual fund you're paying fees? How many fees
are you paying? The question is do you know what
(24:01):
your fees are paying? Because if you're paying fees, it's
eating aweight your retirement. So without a plan, like Chris says,
you have nothing. So everything we do. We have to
have a plan. What are you looking for in an
advisor that you would be willing to work with. We
just mentioned a bunch of topics that we would talk
to you about because we see this all the time. Well,
(24:22):
my advisor doesn't talk about tax planning. Chris or Bobby,
you know this is and when we ask him what
were you hoping for when you came in? And the
answer we get all the time is wow, not this.
Speaker 3 (24:33):
Well, you know the thing about it is when you
talk about we asked that question, is your current advisor
talking about tax planning? And most of the time, probably
ninety five percent of the time, it's no. And the
question that I have is why. I mean, that's your
biggest expense. Taxes are our biggest expense, and it's going
to get worse. So think about this, your cruising the retirement.
Everything's going well, and guess what legislative risk happens? And
(24:55):
the tax code changes, and guess what less to you?
Because now you have to pay more to Uncle Sam,
So that income check every month goes down. And what
about inflation that's happening right now on top of it.
So you're in a situation where you have to change
your lifestyle in retirement? Is that what you want? The
answer is no, But could it happen to you? Yes?
(25:19):
And if you don't have the right plan in place,
like an income plant, a tax plan, investment plan, then yes,
it could happen. And that's what you don't want. So
right now is a time, more than ever before, to
pick up the phone and schedule a time, get a
second opinion. Do you have enough confidence in your current advisor?
Get a second opinion? Because it's about you. It's about
(25:39):
your money. It's not about me or your CPA or
your current advisor. It's not about that. It's about what
you want your money to do for you. Do you
want safe money?
Speaker 2 (25:50):
We can help.
Speaker 3 (25:51):
Do you want money in the market where it's risky.
We can design buckets like that as well. But I
guess what you have to have a purpose with everything
you do?
Speaker 2 (25:58):
Why?
Speaker 3 (25:59):
Because that's a plan.
Speaker 2 (26:00):
We all hear.
Speaker 3 (26:01):
Yeah, you need to have a plan in life, we
all get that. But the end of the day is
do you have a plan with your retirement? Take take
control of this and we can help. Eight three three
Maggie Tax.
Speaker 2 (26:10):
So the biggest question for all of you listening today,
how can we at Maggie Tax and Financial help you.
That's the question. So when you come in, I want
to know the answer. How can we help you? You
know what upsets you every night when you put your
head on that pillow and your mind starts racing about
what you're worried about because you can't control it. You know,
what are you looking to change? And this is the
(26:31):
big question, Chris. Change has to happen in many cases
with people out there because they don't understand their investments,
they don't understand income planning. Their advice is not sitting
down and talking to them. So what would you change?
Think about that? What would you change if you were
educated on what you have that maybe it's not the
(26:51):
right investment for you, maybe it's not the right plan
for you. When would you change it? And like I said,
what's the elephant in.
Speaker 3 (26:59):
The room, And that's you know, is your plan, your
present plan going to get you where you want to go?
Do you know unequivocally? If that the answer is yes,
If you are thinking about it, well I'm really sure,
or I don't really know, then you have to get
a second opinion. You have to look at this, You
have to have someone look at this for you so
(27:19):
you can have that Yeah, absolutely, I know, absolutely my
plan is going to give me what I want in
retirement and is doing it right now. That's what you want,
the confidence, the clarity, the control, and that's what we
can help you with, so pick up the phone, schedule
time to meet with us. We look photo meeting with you.
We have office on both sides of the bay to
help you. A three to three MAGI tax, that's eight
three to three maggie tax.
Speaker 2 (27:39):
And here's the big question. Do you all do this
planning on your own? Think about this? The left brain
in you is the more to think about it. The
right brain is the solution side of your brain. We
have both sides working for us, Chris, the left and
the right. Because you're confused, you have to draw a
line in the sand. I can't understand plan.
Speaker 3 (28:00):
You know.
Speaker 2 (28:00):
I think I'm okay, but I'm not. And most people
by what they want, not what they need. And that's
the issue that we try to talk about. What do
you want? You know? What are your needs? How much
income do you want? You know? Does your advisor have
a process? Maggie tax advisor? We have a process. We
come in and you come in and meet with us.
We ask you questions, you ask us questions. We do
(28:23):
a balance sheet, so we know where your assets are.
We know what the qualified money is non qualified money.
We know where your bank accounts are if they're titled
right does your advisor do all this? We call it
red money, green money, and on my website you can
take a look at it. But look, if you're taking
too much risk and you don't know it, folks, you
know Chris does this all the time. When are you
(28:43):
going to realize that you don't have to take all
that risk, You don't have to pay all those fees,
and you don't have to see your account go down
because your advisor says, well, everybody else is losing No,
it's not true, Chris, that's not true.
Speaker 3 (28:56):
That's just it. You know, why follow the crowd? We
don't have to because your advisor says everyone else has
lost money. But where is it written that you have
to lose thirty forty percent? Where is it written that
you have to go down that route. I'm frustrated because
you don't have to. I have clients that come in
and they're like, well, you know, this is what it is.
We lost three hundred thousand dollars with our old advisor.
(29:18):
Why doesn't have to be that way? You know, maybe
you're younger and you got time on your side and
you can absorb some of these losses. But guess what
you're in retirement. Why go down to three four, five
hundred thousand dollars? Why you know that's up to you,
but you don't have to. You know, where is it
written that you have to lose twenty thirty forty percent
like everybody else. It's not there. You don't have to
(29:40):
go down that route if you don't want to. So
pick up the phone, schedule a time to meet with us.
Let's show you bucket planning. Let's put together a plan
for you. Buckets. What are buckets? Buckets with a purpose.
You have buckets for safety. You have buckets for inflation.
You have buckets for future guaranteed income. You have buckets
for the volatility control. You have buckets to take advantage
(30:00):
of the opportunity in the markets down. You have buckets
to take advantage when the market goes down. You have
buckets out there to provide buffer and strategies to protection
against no loss in the market. How do you go
about doing these things? Because every account needs to have
a purpose based on what you are looking for? What
is it that you want? That's the question. When you
come in, we're going to ask you that question. We're
(30:21):
going to listen to you, We're going to hear you.
We're going to make this very very real for you
to try to accomplish what you are looking for. We're
going to educate you, we're going to take our time.
We're going to build the confidence, build the clarity, and
you're going to have the control in retirement. If that's
what you want, you can pick up the phone and
schedule time to meet with us. We look forward at
meeting with you. Why because this is real. Things are
(30:43):
changing and you need to be on the other side
to take advantage of these opportunities as opposed to falling
victim to them. So pick up the phone. We look
forward to meeting with you. Eight three three Magi Tax
and Don't forget every Sunday for the mag Attacks and
Financial Show on tv ABC TV at ten thirty a
m Visit our website Maggie Tax dot Com. Schedule time
(31:04):
to meet with us eight three three Maggie Tax.
Speaker 1 (31:08):
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 one
(31:29):
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 2 (31:46):
Welcome back on Robert Maggie and you're listening to the
Maggie Tax and Financial Show. And I'm here with my
son Chris Maggie. Today we've been talking about message frames,
and we're going to be talking about that for a
long time. But today's message frame is debt to the iris.
And I love this frame to taxes and retirement because
it's a complex topic and I know most of you
don't understand taxes or because you go once a year
(32:06):
to your tax prepare and you just give them all
the information, they fill it in and boom, you have
to figure out what you owe or what you're going
to get back. So the debt to the irs story
uncovers the risk associated with having all or even the
majority of your retirement assets in tax deferred vehicles. We're
talking about a four oh one K an IRA A
four oh three b A TSB. If you're federal, this
(32:28):
is all tax deferred money. And this is why we
need to meet with you and show you some strategies
to reduce the tax and have tax free income, Chris.
And this is what people are asking no other their
advisor is not talking about that. They're talking about growth.
But they have market risk. And when they have market risk,
they may have less money down the road. It's going
to create income risk. And then if that's a problem,
(32:50):
and they have health insurance and you know we see
people every day health insurance is going up. That's health risk.
And then the big one is you have tax risk.
And the one that I worry about and all of
you should be listening is the legislative risk when the
government changes the rules. Chris. It's written in pencil.
Speaker 3 (33:05):
Well think about that.
Speaker 2 (33:06):
You're right.
Speaker 3 (33:07):
What if you're retired and you think everything is good.
I had a gentleman came in last week and he
rents a townhouse and over the past couple of years
he retired and guess what, his rent in his house
went up about fifty percent and he said, I have
to go back to work. So he goes back to
work and he's retired. He can only work a couple
of days a week. So what if it keeps going
(33:28):
up and guess what the inflation hit him? What are
you doing about that? That's what we're talking about, legislative risk.
What if you're retired and things start to change, tax
rates start to change, and the money that you're taking
out you get less because you have to pay more
in taxes. What are you doing about it? That's what
we're talking about here. That's what we see each and
every day. That's why we're passionate about what we do
(33:48):
because we see it, we feel it. We're feeling the
people that come in and they have no plan. If
you're listening today, you can have a plan.
Speaker 2 (33:56):
We can help you.
Speaker 3 (33:57):
Pick up the phone, schedule time to meet with us.
Eight three three, maggie. That's eight three to three maggie.
Speaker 2 (34:01):
Tax and let me ask all of you another question.
Who gets paid first? Who gets paid first? The irs?
We do tax preparation here. Had a client come in
that made twenty thousand last year and she went back
to work. Now she's making fifty thousand. She complains to
me and she said, Bobby, I'm being you know jipped
and I'm being my money's being stolen. I said, no,
(34:22):
you made thirty thousand more and no one told you
to withhold more to pay the tax that you owe.
Remember IRS gets paid first. So our conversation today is
about tax diversification. Now is the time to start a
conversation about tax diversification and why we are using this
as a message frame and it concerns debt to the irs.
(34:44):
This message frame today is a topic that many advised
as we talk about this will not discuss with you.
So pick up the phone and give us a call.
Maggietax dot com is the website. Go look at the
retirement calculator. I challenge all of you. Go there, put
in the number you'll get in thirty second and you'll
see what your retirement tax bill is going to be.
And then you know what, Chris, that's when we start
(35:04):
creating the bucket planning, because now we have the income,
we have the tax, and we have the growth, and
now we know what we're doing with their money, and
now we can take that tax risk off the table.
Speaker 3 (35:14):
How cool is that when you can leave knowing that
you have a tax plan, an income plan, and an
investment plan. And know for sure that all your accounts,
even your house is going to avoid probate and go
to where you want it to go. That's called the
complete plan. Just because you've been with your advisor who's
dealing with investments for the past twenty years, is not
a plan. That's just one aspect of your plan. So again,
(35:35):
it's not the relationship that you have. You have to
understand that the nuts and bolts of things. There's so
many things to talk about, and that's what we do here.
That's what we have, the Maggie Plan. It's a holistic plan.
We can put it together for a you. All you
got to do is schedule time to meet with us.
Come in meet the Maggie's eight three three Maggie Tax.
We'd love to meet with you. We have office on
both sides of the bay. It's so important we talk
(35:56):
about buy out Uncle Sam. Let's do it now at
some point. Let's do ittrategically. Let's do it the right
way and put together a plan for you. Eight three
to three Maggie Tax.
Speaker 2 (36:05):
You know, not to talk bad about advisors or CPAs
or anything like that, but they think it is an
unimportant topic with you, period and we don't look at
it that way, so we can help you understand the language.
I talk about this all the time. It's the language
you don't understand the tax laws we do. I have
tax preparers in all my offices and they're up to
(36:26):
date on all the tax changes. And we talked before
about the Secure Act a couple of years ago. When
I did this at a seminar the this week, no
one knew what the Secure Act was. But then when
we ask them the question whether you take out the
requirement and distribution, oh, the answer was seventy and a half,
And the answer is no, it's not seventy and a
half anymore, Chris, it's seventy three, and it's going to
change is seventy five. It's the language that they don't understand, Chris.
(36:49):
And like I said, to them, it's an unimportant topic
and that's wrong.
Speaker 3 (36:53):
But how can it be an important topic when taxes
are your biggest expense. So they're dealing with the biggest
expense saying it's not a big deal, it's not a
big deal, just deal with it later on. Why why would
you do that? And if you with an advisor who's
thinking that way, then they're not doing the best thing
for you. That's what we're talking about here. Pick up
the phone, schedule time to meet with us. Let's get together,
let's have a conversation. Let's make it the most important
(37:16):
thing for you, not only investments, but your taxes, your
income plan. You're a state plan. Let's help you and
we can help. So pick up the phone eight three
to three. Maggi Tax. If you're looking for an easy
tool to quantify and reduce retirement taxes for your retirement,
visit our Maggi tax dot com website. Click on the
retirement calculator in thirty seconds, see what your tax bill
(37:39):
will be. Clients check it out all the time, and
then when they do, they're like, oh my gosh, we
need to meet with them because we need a plan.
We need a plan. We can give that to you.
That's called the Maggie Plan. The Maggi Plan consists of
income planning, making sure you have income the most tax
efficient way, investment planning, making sure that you're diversified in
the right way to go ahead and help help you
(38:00):
combat the market risk and diversify into bucket planning. What
about tax risk. We just talked about the whole show
today about tax risk. Maybe you should convert from an
IRA tour in a roth Ira IRA, maybe you should not.
And also estate planning, making sure that every account that
you have avoids probate, even your house, and it goes
to where you want to go. Get the documents, make
(38:21):
sure everything's set up. We can help pick up the phone.
Schedule time to meet with us eight three to three
Maggie Tax and don't forget Every Sunday on ABC TV,
tune in ten thirty am for the Magi Tax and
Financial Show. We help you, We show you what you
can do. We'd love to meet with you a three
to three Magi Tax. We thank you so much for
listening today eight three to three Magi Tax.
Speaker 1 (38:41):
You've been listening to the Maggie Tax on Financial Hour
discussing tax planning investment strategy is presented by Robert and
Chris Maggie from Maggie Tax Advisory and Financial Services with
offices in Hillsboro and Panelas County. Visit Maggi Tax dot
com or call eight one three three two two twenty
five twenty. That's eight one three three two two twenty
(39:03):
five twenty and tune in next Saturday at five for
the Maggie Tax and Financial Hour,
All these years you've saved up planning for secure retirement,
but if you're not careful, it will be the irs
that's living it up when you retire by taxing your
hard earned money. Welcome to the Maggie Tax and Financial
Hour with Robert and Chris Maggie of Maggie Tax Advisory
and Financial Group. With over thirty years of combined experience
and 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 (00:52):
Welcome everyone, and thanks for joining us today. My name
is Robert Maggie and I'm here with Chris Maggie, and
be sure to visit our website, Maggie Tax dot Com.
Today we're going to talk about some topics, but register
for our seminars. It's a three and one. We'll talk
about that throughout today's show. And also go to the
retirement tax calculator so you could see what your retirement
tax bill is going to be. These are two important
(01:15):
spaces that you can go to to find out information
for free. And we're going to talk about our three
and one seminar today because it's going to help a
lot of people. Also visit our website Maggie tax dot com.
Be sure to watch our TV show every Sunday at
ten thirty am. It's about education and we have a
lot of topics to talk about today, so let's get going. Chris,
(01:36):
and you know, I'm excited about this because we put
a three and one seminar together. It's been very successful.
We talk about a state planning social security and taxes
and a lot of advisors out there aren't doing any
of that, and I can tell you from the results
that we've had, as you know, it's been very well received.
Speaker 3 (01:50):
Well that's just said, so welcome everyone. I'm Chris Maggie
and thanks for tuning into our show. And you know,
each and every week we talk about education and if
you're not working with a complete planner. You're missing boat
because most advisors out there just deal with investments and really,
you can invest your own money. It's not that hard, really,
but most people don't complete the rest of the story.
(02:12):
And there's income planning, and there's tax planning, there's investment planning,
there's social security maximization planning, and then what we're talking
about today is a state planning. So what's a state planning?
And what documents do people need in Florida.
Speaker 2 (02:24):
And that's a big question because a lot of people
Chris bypass it. I believe sixty percent of the American
people don't even have a will. And that's said because
when you pass away, you want to make sure that
your assets are title correctly. We talk about this every
time about beneficiary designation and make sure it goes to
who you want. So when you go up to heaven
and you're looking down, what is your family picture going
(02:46):
to look like? Is it going to look like people
are fighting or people are just you know, relaxed and
got everything the way you want it? And that's important.
So what state planning documents do we need in Florida.
Let's talk about that. So a state planning or enhance
planning applies to all of you. And I'm not you know,
I don't care how old you are, but it applies
to all of you. So register today at Maggie tax
(03:07):
dot com, click on seminars and all the locations and
times are listed, and we do the seminar at libraries
because it's about education. And like Chris said, we educate
a lot of people throughout the week and throughout the
year and throughout our career because it's about learning the
language and understanding what to do. So a library is
a great place to learn. And another reason to attend
(03:28):
is what I give you all a free copy of
our first book that we wrote. Stop funding Uncle Sam's
retirement and get a plan that's simple and easy to understand.
And we call it the Maggie Plan. It's a tax plan,
it's an income plan, it's an investment plan, and more importantly, Chris,
it's a legacy plan. So there's a lot that we're
offering there, and it's very easy to attend, and it's
like ninety minutes, so why not show up?
Speaker 3 (03:49):
Absolutely, So visit our website at Maggie tax dot com.
There's so much information right there. So let's discuss what
documents are required in Florida. There are a handful of
things that need to be sorted out before you can
set things in stone to ensure that everything goes smoothly.
You want to avoid the probate process, and you don't
want to go through probate if you don't have to.
(04:10):
And most people they just don't know what they don't
know and they just think that's just the process. But
it doesn't have to be that way. So as I
talk about, things have to go smoothly, but it can
be a lot for a single person to keep track
of and not everyone may understand the terminology that's involved.
So that's why you need to meet with the right advisor.
That's why Magita's advisory is here to let you know
(04:31):
what documents are needed for a state planning and an
explanation of what they're for. So we work with a
national group of attorneys to get all the documents that
you need. Every situation is different, but the question is
what is a state planning? And here's a brief summary
that once you go into that and talk about what
a state planning is.
Speaker 2 (04:49):
Sure, and again a lot of people don't spend a
lot of time on this, but you know it's something
that you have to think about. So what is a
state planning? So a brief summary that make this easy.
Things can happen that they put us in a situation
where unable to communicate our intentions when it comes to
our assets or our own well being. So, whether it
be from a sudden disability and inability to speak freely
(05:11):
or the act of passing, there are a number of
reasons that could cause you to relinquish control of your
say in things that you want to have done, not
someone else. So a state planning prepares you for these
outcomes by setting your wishes in place should any of
these things occur. And Chris, not when someone sitting on
a hospital bed in a coma, or you know, dementia
(05:33):
sets in before that. That's what this is all about.
To take the time to sit down and do it.
And you'd be surprised how many clients have we met
that sat down and said, Wow, I didn't think it
was this easy, but I'm so glad I did it
now absolutely.
Speaker 3 (05:44):
I mean, we just met with a beneficiary of a
daughter who mom passed away just last week, and you
know we met with them two years ago. Do the
estate planning side of the whole complete plan and guess
what she came in. She had a death certificate, she
was the beneficiary with her brother, and guess what. Things
passed smoothly as can be. And that can happen for
(06:05):
you as well. And estate planning or estate planning involves
a few types of documentation to ensure that the results
that you desire. Each of these papers covers your rights
in their corresponding fields and you can enjoy the peace
of mind by getting it all down in writing. That's
what it's about. But also you have to make sure
that things are notarized. Just keep in mind that it's
(06:26):
important to avoid common estate planning mistakes since you won't
be able to fix them after it's too late. So
such documents are your last will and testament. This is
often seen as one of the most important documents that
you can sign. Your last will and testament will make
sure that your assets go to the people that you
want them to go to. This can also be used
to designate specific people to be the guardian of your
(06:46):
mind and children. Without this document, there's no guarantee that
your wishes will be fulfilled after you pass registered for.
Speaker 2 (06:53):
US seven are we do a state planning segment on
that to help you. We have a nice marketing piece
that will give all of you to kind of fill
in the blanks. You know, who's going to get what,
How does it work for a husband and wife, the
whole thing. So register at our website, Maggie Tax dot com.
That's what we're talking about today. I invite all of you.
It's very simple. Go to Maggie tax dot com, look
for seminars and the dates are there for August and
(07:15):
it's free. There's no cost, there's no obligation. But the
bottom line is we have done this and I have
done many seminars in my career. It's about education. So
if you're coming to a seminar to get educated, we're
at the right place because it's at the library. Please
don't come to a seminar and it expect to be
sold something. That's not the way it is christ And
to me today, the language and the education is so
(07:37):
important for everyone listening to today's show, Well that's said.
Speaker 3 (07:39):
So that's why we do complete planning. We call it
the Maggie Plan. It's a tax plan and it's an
investment plan, it's an income plan. It's state planning. You know,
it's legacy planning, it's so security maximization planning. And we're
talking about today in this topic here at State Planning,
and you know we do complete planning, so we can
help you in a lot of different ways. Let's discuss
what a living trust is.
Speaker 2 (07:59):
Sure on this. This is one of the questions we
get all the time. So how can you make sure
that your positions are going to be distributed how you wish?
That's the most important thing. And you can personally choose
someone that you know to be the trustee to handle
all of your assets for you after you pass, to
give you greater peace of mind. It says like speak
from the grave. So you are also able to change
(08:20):
your designation to designate a trustee as many times as
you'd like, for as long as you are alive. And
here's the question. As you put a trust together, you
have a trustee, but you can change them. You have
full control, right, you can buy, sell, you can still
manage the whole trust. But it's more protection for you
because you're doing it.
Speaker 3 (08:39):
And what's really important is that a trust avoid's probate
and Also, it's private, so God forbid you pass away.
Something happens to you. People out there, it doesn't have
to go through the probate process. It's not public data.
It's private, so no one's going to know what you
have and what your wishes are. So that's why it's important.
These are some of the documents that we're talking about
when you talk about state planning and enhance planning. So
(09:02):
pick up the phone, schedule time to meet with us.
If you don't have a will, you're looking for questions
about a trust or state planning, we have the attorneys
here to help you. Eight three to three MAGI tax.
That's eight three to three MAGI tax. So what are
other documents that are part of the estate planning process.
Speaker 2 (09:17):
Another document is a power of attorney. So if you
are ever in a situation where you are unable to
make important decisions yourself concerning your property, financial matters, and
other assets, a power of attorney can make those decisions
on your behalf. So you would want someone that you
could absolutely trust to handle such important matters. And this
(09:38):
document will establish who will be your power of attorney
should you ever need one. And Chris, this is the
documents that people missing that we see all the time.
Speaker 3 (09:46):
That's right. So let's talk about healthcare directives. So setting
up your healthcare directives is almost like having a power
of attorney, but for medical concerns, you can state what
types of treatment you do and do not want, what
surgeries you approve of, whether or not you would like
to do it at your organs, and so on. So
since these concerns are something that's very personal to you
and it's your own body, it's very important to have
(10:07):
such matters clearly written. So reach out to us at
Maggi Tax Advisory and Financial Group. We can help you.
We can help and help you in a lot of
different ways. We can preserve your family harmony and protect
your legacy. That's what it's about. So we have a
question for all of you. How often do you play
the estate game in your lifetime? How do you know
how well you did? You're never gonna know until you
(10:29):
actually get it done. So that's why it's important to
meet with us. Pick up the phone and schedule time
to meet with us eight three to three MAGI tacks.
Speaker 2 (10:37):
Be sure to register for US seminars. Go to Maggie
Tax dot com right now hit seminars. You'll see the
seminars coming up in August and every month after that.
So it's up to you get educated. What's trying to
help everyone out there? Eight three to three Maggie Tax
and Don't forget. Every Sunday at ten thirty, what's your
TV show on ABC, The Magi Tax and Financial Show.
Speaker 1 (10:58):
Stop planning for Uncle Sam's or timeirement 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
(11:19):
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty now your host
for the Maggie Tax and Financial Hour, Father and son
from Maggie Tax Advisory in Financial Group, Robert and Chris Maggie.
Speaker 2 (11:36):
Welcome back and you're listening to the Maggie Tax and
Financial Show. My name is Robert Maggie and I'm here
with my son Chris Maggie and don't forget visit our
website Maggie Tax dot Com and tune in every Sunday
at ten thirty on ABC TV to the Maggie Tax
and Financial Show. So along the way, we get a
lot of clients to come in and we do different
plans for these folks, whether it be income, whether it
(11:56):
be tax planning. But Chris, let's talk about when someone
come and they want safety of their money, they want
guaranteed income, and they want you know, longevity where they
have money left over for the kids.
Speaker 3 (12:07):
How do we go about that great question? And you know,
if you're out there listening today and just give an example.
We had a client that came in three years ago
and we just need to reviews each and every year.
And they came in with six hundred thousand dollars and
they retired and they have some income coming in, so
we really didn't need to give them income because they
had two pensions and social securities coming in. So four
income streams that totaled seven thousand dollars a month of
(12:30):
income net after tax, and they only need about five
thousand a month. So they have positive cash flow of
two thousand dollars a month. So they said, well, what
do we do with our six hundred thousand dollars and
I said, well, what do you want to do with it?
And they sat back and they said, well, we don't
really know, but we do have money in the market
and we're playing the market and it's going up and down.
And I asked them, as safety of your money important
(12:51):
to you? And they both sat back and they said,
at this phase of the game, absolutely it has, isn't
it to everybody? And I said, no, it's actually not.
We have clients that come in sometimes and you know,
if they lose ten bucks they can't do that, they
can't stomach that, they can't sleep at night. They have
other clients that come in and if they lose a
couple hundred grand because the mark goes up and down,
it's not a big deal. It's going to come back.
So my question to you out there is where are you?
(13:13):
And if you are sitting in a volatile account and
you don't want to be, then you need to raise
your hand and pick up the phone and schedule time
to meet with us. If you are on a conservative
account and you want to take more risk with some
of your money, then you need to pick up the
phone and raise your hand and schedule time to meet
with us. But going back to the client who had
six hundred thousand dollars of money, what we did was
(13:34):
we did the color of money. We did bucket planning.
We call it now money, later money, never money. And
when we organize these accounts into different buckets, they had
safety of their money in the short term. They had
long term growth with money on the other side, which
is never to later money. And what we did was
we can deal with the risk with those accounts that
(13:55):
we're not going to touch for ten to fifteen to
twenty years. So we did strategic planning where we made
these buckets where they had control, flexibility. And that's where
many people come in they have no plan.
Speaker 2 (14:08):
But when they.
Speaker 3 (14:09):
Leave us and they work with us, guess what, they
have a plan.
Speaker 2 (14:14):
Here's what I would say to that, because this is
the biggest question. You're right on everything you said, and
it's encouraging to know that when people come in. This
is what we talk about. But here's the big thing.
When I ask people to bring in their statement, as
you know, many of them have a brokerage account, they
have stockspawns, and mutual funds. They have some risk and
no risk. They have some in the fixed account. But
(14:34):
that's not a plan. That's not a plan, that's not
the Maggie plan, that's not an income plan, that's not
a tax plan. And what Chris is referring to, if
you've heard as many times talk about bucket planning, this
is where we can put a plan together for you
based on the money that you have. Now, when we
do a risk tolerance form, and Chris, this is so
important we talk about it. The risk tolerance form tells
(14:54):
us more about a client, what risk they're taking. And
many times you can talk about this, they're in more
risk than they even know they are because their advisor
doesn't sit down and tell them that. And that's a
big problem, right, that's it.
Speaker 3 (15:06):
I mean, you know when we do an announce of
your accounts, many people have just piles of money. Think
about this. You have five statements that come in the mail, right,
three statements. Some stams won't even come in the mail,
they come every quarter. You might have an old four
one K that you never really look at anymore, maybe
two or three of them, right, because you've changed your employers.
So the bottom line here is many people have piles
(15:27):
of money and there's no concrete to those piles. They
can be tumbled down. Think of it. You know they
just piles of sand, right and they can be blown
away by just market fluctuation. Is that what you want?
Or do you want a concrete plan where if there
is wind blowing and storms changing and things happening and
hurricanes and whatever it is that your account doesn't move.
(15:50):
That's what we need to talk about. Your color of money.
What do you want your money to do for you?
Because if you're looking for a plan, an investment plan,
we can help. And that's why you pick up the phone,
schedule time to meet with us. Eight three three, Maggie Tax.
Let's get a second opinion on what you currently have
and let's do bucket planning for you.
Speaker 2 (16:06):
And again I challenge all of you if you have
a plan. Now, we're not trying to break a relationship here.
What we're trying to do is when you come in
and we show you a different strategy and then you
sit back and say, wow, my guy or Mike Gal
has not told me that, then we have something to
talk about. Because this is the new rules of retirement.
You have to understand what we're talking about. Roth conversions
and tax planning and income planning. If your folks are
(16:26):
not talking about that, shame on them, because when it
comes to retirement, you want to make sure that you
have enough coming in, like Chris says, the front door
every month where you can just pick up the check,
cash the check and not worry about the other expenses.
And when you start taking a lot of risk, Chris,
and this is what we see, because that's what they
were taught, take a lot of risks. See if the
market goes up, and we all know what's going on
(16:47):
with the market goes up, it goes down. But on
our Maggie plan, the way we do it, we position
a lot of money, not a lot of money, but
the portion that you want to be safe in green buckets.
Green buckets mean it doesn't go down, it only goes up.
Speaker 3 (17:00):
And there's no fees to those buckets either, So they
could be safety and no fees and you don't have
to worry about the rest, which is.
Speaker 2 (17:06):
The biggest question. What's the biggest concern everybody comes in,
what's your fee?
Speaker 3 (17:09):
Worried about the fee to play right, But again it's
not about that. It doesn't have to be that way.
If you want safe money, but.
Speaker 2 (17:15):
If you're in a Brokens account and you have an
IRA and you're paying fees, you're paying fees on an
account that should be growing, not going down.
Speaker 3 (17:20):
Well that's it. And if no one's watching it and
it's pretty much just all transactions and you have loads
and commissions, guess what you're not Your account's not doing
what you want it to do. So that's why it's
so important. It's encouraging pick up the phone, schedule time
to meet with us. We have offices standing by. Let
them know that it's urgent that you need to come
in and meet with us. Because when we see retirement,
there's the accumulation phase, there's the distribution phase of your retirement.
(17:44):
Where are you right now? Because if you are approaching
the distribution phase or in the distribution phase and you
see these big volatility markets go up and they go down,
if that doesn't affect you or scare you, then maybe
you start looking at what's happening. Because if it is
affecting you and worrying you and keeping you up at night,
then maybe now is a time, more than ever before,
(18:07):
to make sure that you get a second opinion and
we can help eight three three Maggie Tax, and don't.
Speaker 2 (18:12):
Forget to watch our TV show on Sunday at ten thirty.
We have seminars coming up every month on a state planning,
on tax planning. If you go to my website, Maggie
Tax dot com, they're all listed there. We do them
in libraries so we can educate you. And that's the
whole point for you to come in and be educated
and not be sold. Because once you understand the ground
rules of this income planning, tax planning, investment planning, market risk,
(18:35):
you know all the types of risks that are out there,
the health risk. This is important for all of you
out there. Pick up the phone eight three three Maggie Tax.
Visit our website, Maggie Tax dot com. Click on seminars
and register for one of the seminars. They're free in
their educational eight three three Magi Tax and visit the
Maggie Tax dot Com Maggie tax dot com website. On
the retirement calculator, click on Maggie Tax dot com. Give
(18:59):
us a call right now eight three to 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 gg I tax dot com or call eight one
(19:25):
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty now your host
for the Maggie Tax and Financial Hour, Father and son
from Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 3 (19:41):
Welcome back to the Maggie Tax and Financial Show, and
thank you so much for tuning in and visit our
website at Maggie tax dot com. In thirty seconds, you
can find out what your tax bill would be in retirement.
If you have an IRA four one K, you need
to understand what this number is why, because it can't
affect your retirement future income. Maggietax dot com up a
(20:03):
right hand corner tax bill in retirement, Click on it
and you can discover what that will be. But more importantly,
schedule time to meet with us. There's so much information
to talk about. If you have questions about how do
I design an income plan for my retirement where it
has inflation built in and multiple income sources and guaranteed income.
How do I go about doing that? We can help.
(20:25):
What if you're looking for an investment plan. A lot
of volatility going on in the market. Does it really
keep you up at night? Are you losing sleep? Do
you have questions? Do you really not know what's going
on and you're afraid to open up your statements. Well,
let's ged it together and have a conversation about it,
because there might be some bucket planning that we could
put together to design for safety and growth and inflation
(20:47):
and a lot of other opportunities that are in the
market today. What about social security planning? Do you have
questions about how do I maximize it for me and
my spouse? What about a state planning? I want to
leave all this stuff to my heirs. I just don't
know how to do do it? Is everything set up
the right way? Well, we can help these things that
we do each and every day to help you. So
pick up the phone, schedule time to meet with us.
(21:07):
We look forward to get in together with you. Eight
three to three Maggie tax.
Speaker 2 (21:12):
So the question I would ask is how many of
you have a complete plan or an incomplete plan? And
what Chris just mentioned are some of the things that
we see that people have an incomplete plan. So what
are you doing about it? You know, what keeps you
up at night? What's that elephant in the room? Is
it about income? Is it about taxes? Is it about
your investments? We know the volatility of the market is there,
(21:35):
but how are you prepared to take less risk and
keep more for yourself? And has anyone ever done a
beneficiary review for you? Quick example, We've had a client,
a couple clients this past year. They passed away and
they had beneficiary designations on there. They had POD and
TOD on their accounts and Chris, the money passed to
their beneficiaries probate free and it didn't have to go
(21:58):
through that process. And people make, you know, mistakes about
estate planning, let's call it enhanced planning. Do you have
the list of who you want your assets to go
to and when it should go to them and how
much it should go to them? Are you set up
that way so you know if you have an incomplete plan?
Think about what Chris and I are talking about. If
(22:21):
it's about income, it's about taxes, you confuse about your investments.
You don't understand them. We see this every day. We
ask a client, bring in your statement, We ask them
do they understand their investments? And Chris, the answer that
we get all the time is well, not really, that
is just not a good answer, and it's not because
you work hard. You worked hard for the money you have,
the assets that you have, and the worst thing you
(22:43):
want to do is either I have to go back
to work or be outlive your money. And most people
that come in and meet with us, we ask them,
you know what brought you in and the main question
and the answer is I want to make sure I
don't outlive my money and is that going to happen?
And we have to do the analysis to figure it out.
Speaker 3 (23:00):
Some times we have to tell people yes, at this
pace and with the assets that you have, you will
outlive your money. And that's where it's very, very scary.
So can you retire? We can show you. We can,
We can show you the projections, We can show you
what the guarantees are going to be. We can show
you that if you have a concrete plan or a
complete plan, then you'll enjoy retirement. You'll have the inflation
(23:23):
buckets coming in for income in the future, you'll have
the estate plan so if anything happens to you a
stay in your family. That's what we call developing a
plan because if you don't have a plan, guess what,
you know what, someone who you don't know will make
that plan for you in the future because you didn't
set it up the right way.
Speaker 2 (23:40):
So check the boxes off. Do you have a tax
plan yes or no? Do you have an income plan
yes or no? Do you have an investment plan or
just laying that money right in the market. Do you
have an estate plan or an enhanced plan? What about
college planning for the children? Are you aware if you
have a mutual fund you're paying fees? How many fees
are you paying? The question is do you know what
(24:01):
your fees are paying? Because if you're paying fees, it's
eating aweight your retirement. So without a plan, like Chris says,
you have nothing. So everything we do. We have to
have a plan. What are you looking for in an
advisor that you would be willing to work with. We
just mentioned a bunch of topics that we would talk
to you about because we see this all the time. Well,
(24:22):
my advisor doesn't talk about tax planning. Chris or Bobby,
you know this is and when we ask him what
were you hoping for when you came in? And the
answer we get all the time is wow, not this.
Speaker 3 (24:33):
Well, you know the thing about it is when you
talk about we asked that question, is your current advisor
talking about tax planning? And most of the time, probably
ninety five percent of the time, it's no. And the
question that I have is why. I mean, that's your
biggest expense. Taxes are our biggest expense, and it's going
to get worse. So think about this, your cruising the retirement.
Everything's going well, and guess what legislative risk happens? And
(24:55):
the tax code changes, and guess what less to you?
Because now you have to pay more to Uncle Sam,
So that income check every month goes down. And what
about inflation that's happening right now on top of it.
So you're in a situation where you have to change
your lifestyle in retirement? Is that what you want? The
answer is no, But could it happen to you? Yes?
(25:19):
And if you don't have the right plan in place,
like an income plant, a tax plan, investment plan, then yes,
it could happen. And that's what you don't want. So
right now is a time, more than ever before, to
pick up the phone and schedule a time, get a
second opinion. Do you have enough confidence in your current advisor?
Get a second opinion? Because it's about you. It's about
(25:39):
your money. It's not about me or your CPA or
your current advisor. It's not about that. It's about what
you want your money to do for you. Do you
want safe money?
Speaker 2 (25:50):
We can help.
Speaker 3 (25:51):
Do you want money in the market where it's risky.
We can design buckets like that as well. But I
guess what you have to have a purpose with everything
you do?
Speaker 2 (25:58):
Why?
Speaker 3 (25:59):
Because that's a plan.
Speaker 2 (26:00):
We all hear.
Speaker 3 (26:01):
Yeah, you need to have a plan in life, we
all get that. But the end of the day is
do you have a plan with your retirement? Take take
control of this and we can help. Eight three three
Maggie Tax.
Speaker 2 (26:10):
So the biggest question for all of you listening today,
how can we at Maggie Tax and Financial help you.
That's the question. So when you come in, I want
to know the answer. How can we help you? You
know what upsets you every night when you put your
head on that pillow and your mind starts racing about
what you're worried about because you can't control it. You know,
what are you looking to change? And this is the
(26:31):
big question, Chris. Change has to happen in many cases
with people out there because they don't understand their investments,
they don't understand income planning. Their advice is not sitting
down and talking to them. So what would you change?
Think about that? What would you change if you were
educated on what you have that maybe it's not the
(26:51):
right investment for you, maybe it's not the right plan
for you. When would you change it? And like I said,
what's the elephant in.
Speaker 3 (26:59):
The room, And that's you know, is your plan, your
present plan going to get you where you want to go?
Do you know unequivocally? If that the answer is yes,
If you are thinking about it, well I'm really sure,
or I don't really know, then you have to get
a second opinion. You have to look at this, You
have to have someone look at this for you so
(27:19):
you can have that Yeah, absolutely, I know, absolutely my
plan is going to give me what I want in
retirement and is doing it right now. That's what you want,
the confidence, the clarity, the control, and that's what we
can help you with, so pick up the phone, schedule
time to meet with us. We look photo meeting with you.
We have office on both sides of the bay to
help you. A three to three MAGI tax, that's eight
three to three maggie tax.
Speaker 2 (27:39):
And here's the big question. Do you all do this
planning on your own? Think about this? The left brain
in you is the more to think about it. The
right brain is the solution side of your brain. We
have both sides working for us, Chris, the left and
the right. Because you're confused, you have to draw a
line in the sand. I can't understand plan.
Speaker 3 (28:00):
You know.
Speaker 2 (28:00):
I think I'm okay, but I'm not. And most people
by what they want, not what they need. And that's
the issue that we try to talk about. What do
you want? You know? What are your needs? How much
income do you want? You know? Does your advisor have
a process? Maggie tax advisor? We have a process. We
come in and you come in and meet with us.
We ask you questions, you ask us questions. We do
(28:23):
a balance sheet, so we know where your assets are.
We know what the qualified money is non qualified money.
We know where your bank accounts are if they're titled
right does your advisor do all this? We call it
red money, green money, and on my website you can
take a look at it. But look, if you're taking
too much risk and you don't know it, folks, you
know Chris does this all the time. When are you
(28:43):
going to realize that you don't have to take all
that risk, You don't have to pay all those fees,
and you don't have to see your account go down
because your advisor says, well, everybody else is losing No,
it's not true, Chris, that's not true.
Speaker 3 (28:56):
That's just it. You know, why follow the crowd? We
don't have to because your advisor says everyone else has
lost money. But where is it written that you have
to lose thirty forty percent? Where is it written that
you have to go down that route. I'm frustrated because
you don't have to. I have clients that come in
and they're like, well, you know, this is what it is.
We lost three hundred thousand dollars with our old advisor.
(29:18):
Why doesn't have to be that way? You know, maybe
you're younger and you got time on your side and
you can absorb some of these losses. But guess what
you're in retirement. Why go down to three four, five
hundred thousand dollars? Why you know that's up to you,
but you don't have to. You know, where is it
written that you have to lose twenty thirty forty percent
like everybody else. It's not there. You don't have to
(29:40):
go down that route if you don't want to. So
pick up the phone, schedule a time to meet with us.
Let's show you bucket planning. Let's put together a plan
for you. Buckets. What are buckets? Buckets with a purpose.
You have buckets for safety. You have buckets for inflation.
You have buckets for future guaranteed income. You have buckets
for the volatility control. You have buckets to take advantage
(30:00):
of the opportunity in the markets down. You have buckets
to take advantage when the market goes down. You have
buckets out there to provide buffer and strategies to protection
against no loss in the market. How do you go
about doing these things? Because every account needs to have
a purpose based on what you are looking for? What
is it that you want? That's the question. When you
come in, we're going to ask you that question. We're
(30:21):
going to listen to you, We're going to hear you.
We're going to make this very very real for you
to try to accomplish what you are looking for. We're
going to educate you, we're going to take our time.
We're going to build the confidence, build the clarity, and
you're going to have the control in retirement. If that's
what you want, you can pick up the phone and
schedule time to meet with us. We look forward at
meeting with you. Why because this is real. Things are
(30:43):
changing and you need to be on the other side
to take advantage of these opportunities as opposed to falling
victim to them. So pick up the phone. We look
forward to meeting with you. Eight three three Magi Tax
and Don't forget every Sunday for the mag Attacks and
Financial Show on tv ABC TV at ten thirty a
m Visit our website Maggie Tax dot Com. Schedule time
(31:04):
to meet with us eight three three Maggie Tax.
Speaker 1 (31:08):
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 one
(31:29):
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 2 (31:46):
Welcome back on Robert Maggie and you're listening to the
Maggie Tax and Financial Show. And I'm here with my
son Chris Maggie. Today we've been talking about message frames,
and we're going to be talking about that for a
long time. But today's message frame is debt to the iris.
And I love this frame to taxes and retirement because
it's a complex topic and I know most of you
don't understand taxes or because you go once a year
(32:06):
to your tax prepare and you just give them all
the information, they fill it in and boom, you have
to figure out what you owe or what you're going
to get back. So the debt to the irs story
uncovers the risk associated with having all or even the
majority of your retirement assets in tax deferred vehicles. We're
talking about a four oh one K an IRA A
four oh three b A TSB. If you're federal, this
(32:28):
is all tax deferred money. And this is why we
need to meet with you and show you some strategies
to reduce the tax and have tax free income, Chris.
And this is what people are asking no other their
advisor is not talking about that. They're talking about growth.
But they have market risk. And when they have market risk,
they may have less money down the road. It's going
to create income risk. And then if that's a problem,
(32:50):
and they have health insurance and you know we see
people every day health insurance is going up. That's health risk.
And then the big one is you have tax risk.
And the one that I worry about and all of
you should be listening is the legislative risk when the
government changes the rules. Chris. It's written in pencil.
Speaker 3 (33:05):
Well think about that.
Speaker 2 (33:06):
You're right.
Speaker 3 (33:07):
What if you're retired and you think everything is good.
I had a gentleman came in last week and he
rents a townhouse and over the past couple of years
he retired and guess what, his rent in his house
went up about fifty percent and he said, I have
to go back to work. So he goes back to
work and he's retired. He can only work a couple
of days a week. So what if it keeps going
(33:28):
up and guess what the inflation hit him? What are
you doing about that? That's what we're talking about, legislative risk.
What if you're retired and things start to change, tax
rates start to change, and the money that you're taking
out you get less because you have to pay more
in taxes. What are you doing about it? That's what
we're talking about here. That's what we see each and
every day. That's why we're passionate about what we do
(33:48):
because we see it, we feel it. We're feeling the
people that come in and they have no plan. If
you're listening today, you can have a plan.
Speaker 2 (33:56):
We can help you.
Speaker 3 (33:57):
Pick up the phone, schedule time to meet with us.
Eight three three, maggie. That's eight three to three maggie.
Speaker 2 (34:01):
Tax and let me ask all of you another question.
Who gets paid first? Who gets paid first? The irs?
We do tax preparation here. Had a client come in
that made twenty thousand last year and she went back
to work. Now she's making fifty thousand. She complains to
me and she said, Bobby, I'm being you know jipped
and I'm being my money's being stolen. I said, no,
(34:22):
you made thirty thousand more and no one told you
to withhold more to pay the tax that you owe.
Remember IRS gets paid first. So our conversation today is
about tax diversification. Now is the time to start a
conversation about tax diversification and why we are using this
as a message frame and it concerns debt to the irs.
(34:44):
This message frame today is a topic that many advised
as we talk about this will not discuss with you.
So pick up the phone and give us a call.
Maggietax dot com is the website. Go look at the
retirement calculator. I challenge all of you. Go there, put
in the number you'll get in thirty second and you'll
see what your retirement tax bill is going to be.
And then you know what, Chris, that's when we start
(35:04):
creating the bucket planning, because now we have the income,
we have the tax, and we have the growth, and
now we know what we're doing with their money, and
now we can take that tax risk off the table.
Speaker 3 (35:14):
How cool is that when you can leave knowing that
you have a tax plan, an income plan, and an
investment plan. And know for sure that all your accounts,
even your house is going to avoid probate and go
to where you want it to go. That's called the
complete plan. Just because you've been with your advisor who's
dealing with investments for the past twenty years, is not
a plan. That's just one aspect of your plan. So again,
(35:35):
it's not the relationship that you have. You have to
understand that the nuts and bolts of things. There's so
many things to talk about, and that's what we do here.
That's what we have, the Maggie Plan. It's a holistic plan.
We can put it together for a you. All you
got to do is schedule time to meet with us.
Come in meet the Maggie's eight three three Maggie Tax.
We'd love to meet with you. We have office on
both sides of the bay. It's so important we talk
(35:56):
about buy out Uncle Sam. Let's do it now at
some point. Let's do ittrategically. Let's do it the right
way and put together a plan for you. Eight three
to three Maggie Tax.
Speaker 2 (36:05):
You know, not to talk bad about advisors or CPAs
or anything like that, but they think it is an
unimportant topic with you, period and we don't look at
it that way, so we can help you understand the language.
I talk about this all the time. It's the language
you don't understand the tax laws we do. I have
tax preparers in all my offices and they're up to
(36:26):
date on all the tax changes. And we talked before
about the Secure Act a couple of years ago. When
I did this at a seminar the this week, no
one knew what the Secure Act was. But then when
we ask them the question whether you take out the
requirement and distribution, oh, the answer was seventy and a half,
And the answer is no, it's not seventy and a
half anymore, Chris, it's seventy three, and it's going to
change is seventy five. It's the language that they don't understand, Chris.
(36:49):
And like I said, to them, it's an unimportant topic
and that's wrong.
Speaker 3 (36:53):
But how can it be an important topic when taxes
are your biggest expense. So they're dealing with the biggest
expense saying it's not a big deal, it's not a
big deal, just deal with it later on. Why why would
you do that? And if you with an advisor who's
thinking that way, then they're not doing the best thing
for you. That's what we're talking about here. Pick up
the phone, schedule time to meet with us. Let's get together,
let's have a conversation. Let's make it the most important
(37:16):
thing for you, not only investments, but your taxes, your
income plan. You're a state plan. Let's help you and
we can help. So pick up the phone eight three
to three. Maggi Tax. If you're looking for an easy
tool to quantify and reduce retirement taxes for your retirement,
visit our Maggi tax dot com website. Click on the
retirement calculator in thirty seconds, see what your tax bill
(37:39):
will be. Clients check it out all the time, and
then when they do, they're like, oh my gosh, we
need to meet with them because we need a plan.
We need a plan. We can give that to you.
That's called the Maggie Plan. The Maggi Plan consists of
income planning, making sure you have income the most tax
efficient way, investment planning, making sure that you're diversified in
the right way to go ahead and help help you
(38:00):
combat the market risk and diversify into bucket planning. What
about tax risk. We just talked about the whole show
today about tax risk. Maybe you should convert from an
IRA tour in a roth Ira IRA, maybe you should not.
And also estate planning, making sure that every account that
you have avoids probate, even your house, and it goes
to where you want to go. Get the documents, make
(38:21):
sure everything's set up. We can help pick up the phone.
Schedule time to meet with us eight three to three
Maggie Tax and don't forget Every Sunday on ABC TV,
tune in ten thirty am for the Magi Tax and
Financial Show. We help you, We show you what you
can do. We'd love to meet with you a three
to three Magi Tax. We thank you so much for
listening today eight three to three Magi Tax.
Speaker 1 (38:41):
You've been listening to the Maggie Tax on Financial Hour
discussing tax planning investment strategy is presented by Robert and
Chris Maggie from Maggie Tax Advisory and Financial Services with
offices in Hillsboro and Panelas County. Visit Maggi Tax dot
com or call eight one three three two two twenty
five twenty. That's eight one three three two two twenty
(39:03):
five twenty and tune in next Saturday at five for
the Maggie Tax and Financial Hour,
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