Episode Transcript
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Speaker 1 (00:00):
All these years you've saved up planning for secure retirement,
but if you're not careful, it will be the irs
that's living it up when you retire by taxing your
hard earned money. Welcome to the Maggie Tax and Financial
Hour with Robert and Chris Maggie of Maggie Tax Advisory
and Financial Group. With over thirty years of combined experience
in tax savings, income planning, and investment opportunities, Robert and
(00:22):
Chris share advice and tax planning strategies designed to protect
your retirement nest egg from Uncle Sam. Your questions and
comments are welcome during today's program by calling eight one
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty, or visit Maggie
Tax dot com. That's Maggi tax dot com and now
(00:46):
your host for the Maggie Tax Financial Hour on nine
seventy WFLA. Robert and Chris Maggie.
Speaker 2 (00:53):
Welcome everyone, and thanks for joining us today. My name
is Robert Maggie and I'm here with my son and
co host, Chris Maggie. Be sure to visit our website
at Maggie Tax dot com and click on the retirement
calculator on the top and see what your tax bill
is going to be in retirement. Be sure to watch
your TV show every Sunday at ten thirty am on
ABC TV. We have a lot we're talking about to
(01:14):
try to educate everybody, and it's something, Chris, that a
lot of people need. When they come in and see us,
there are more, I guess, frightened as to what they're
going to be sold or anything like that. But when
it comes to what we do, we educate and I
have to tell you many people that come in and
they leave, they go like, wow, this is what I expected.
So let's talk about that. We're going to talk about
who's helping you plan your retirement because this is very important.
(01:36):
And Chris take it away.
Speaker 3 (01:37):
Well, welcome everyone, Thank you so much for tuning into
our show. And the question we have for all of
you out there is are you confused? And what I
mean by that is do you really know who you're
working with? And what I mean by that is who
are you working with with your retirement plans? And a
lot of people think, well, all advisors are the same.
Well let's go ahead and dive into that, and let's
(01:59):
educate you all because they're not. There's a couple of
different advisors out there who you know, basically describe themselves
as a financial advisor, and sometimes they're really not. But
there's insurance agents out there, There are brokers, and there
also are investment advisor representatives. And we're going to dive
into all those three different types of advisors just to
(02:20):
clarify because sometimes when you're getting the advice from these individuals,
it might be just leaning towards what they want instead
of what you want. So let's dive into what an
insurance agent is.
Speaker 2 (02:32):
A great point, Chris, and you know, just to you
know complete that when I started in this business years ago,
you sold a product. You worked for a company, and
that's all you sold. Like for an insurance agent, they
sold you life insurance or health insurance and that was it.
What happened in my career is that people kept asking me,
can you do more? Is there something else you can do?
(02:53):
So when you talk about an insurance agent, they get
paid on commissions on product transactions, and Chris, you talk
about being a transactional advisor, and that's what they're supposed
to do, so they work on behalf of their affiliated
insurance carrier. And there's many insurance carriers out there. We'll
licensed for a lot of them. So you work for
them and you're held to the suitability standards, not fiduciary standards. Christen,
(03:16):
that is so important when you're speaking to a client.
So think about this.
Speaker 3 (03:19):
You meet with an insurance agent, you have questions about
social security, about retirement planning, about the market, about what
to do with income planning and investment planning, and basically
all they do is insurance. So sometimes they might just
steer you in the wrong direction and say, hey, no,
don't invest in the market, just invest in this product,
or you need just life insurance because that's all they do,
(03:42):
is they sell life insurance. Or maybe they just sell
long term care and medicare. That's all they do insurance agents, right,
So they just don't look at the big picture. They
just deal with insurance products. So just to summarize on that,
they work on behalf of their boss or their company.
They're held to soon suitability standards, not fiduciary standards. So
(04:03):
that's an insurance agent. So let's go into maybe what
we all hear is a broker, right, we hear a broker's. Well,
what's a broker, Well, that's a registered representative. They usually
work with a brokerage company. Well, they're held to suitability
standards again and not fiduciary standards. They work on commissions
(04:23):
on product transactions. So think about that. You work with
an advisor who buys and sells, you're in the market.
Every time they buy a mutual fund or sell a fund,
there could be a load or an expense or a charge,
and that's a commission. But what they work on behalf
of their affiliated brokerage firm.
Speaker 2 (04:41):
So think about that.
Speaker 3 (04:42):
Every time you buy a stock or sell a stock,
there's a commission or a bond, there is a commission generated.
So think about that. That is a broker. So if
you're looking for again an income plan or a tax plan,
or a Social Security maximization, or you want them to
manage your money, think about that. It's really giving you
the right advice. So many people out there think, oh
(05:03):
my gosh, well I might be meeting with an insurance agent,
I might be meeting with a broker, but that's really
not what I want. So those are two different advisors
that are out there that you just should be aware
are they bad no there, They're just kind of limited
to what they can and can't do. So that leads
us to what an investment advisor representative is, and let's
(05:24):
talk about that.
Speaker 2 (05:25):
An investment advisor REP is a little different because they
are held to a fiduciary standard, which many people are
ask us and they always say, are you a fiduciary?
Because legally required to put the client's interest first and
they work solely on behalf of you, the client in
a fiduciary capacity. What does that mean? It means that
when you meet with a fiduciary, they're going to cover
(05:47):
everything that Chris just mentioned from medicare, social security, insurance,
income planning, tax planning, investment planning, because that's a complete
plan and that's what we do with Maggie Tax. We're
a complete advice. So there's nothing wrong with an insurance
agent if that's all they choose to do, that's fine.
The brokers, there's nothing wrong with that if that's what
they choose. But when you work with an investment advisor REP,
(06:10):
it's a bigger picture where we can answer a lot
more questions and what they can And.
Speaker 3 (06:14):
That's why at Maggie Investment Services. We are a fiduciary,
we are investment advisor representative firms. So what we do
here is we've got to do the best thing for you.
And incorporated with Maggie Tax Advisory and Financial Group, we
do complete planning. As my dad mentioned, so we can
do an income plan, we could do a tax plan,
we could do investment plans. We could do Social Security maximization,
we could do Medicare, we could do long term care.
(06:37):
There's a lot of tax strategy that you could take
advantage of. So that's why I asked that question, who
are you working with? Are you confused? And before someone
comes to your house or you go to someone's office,
you should ask them are they a fiduciary or are
they just an insurance agent? Or are they just a broker?
So those things that you should ask whenever you're meeting
(06:58):
with someone. And that's why when we do our show here,
we are an investment advisor representative and that's what I
am at Maggie Investment Services. We have the fiduciary responsibility
the best thing for you, so we can put together
a complete plan, an investment plan. We can give you
the advice, we can give you advice on insurance products,
on how to generate income, on life insurance, on how
(07:19):
to maximize your social security. So these are the things
that we do, and I just wanted to make sure
that the people out there understand who you are working
with and if you have any questions, just pick up
the phone, schedule time to meet with us. Eight three
to three Maggie tax. That's eight three to three Maggie tax.
Speaker 2 (07:34):
And just remember the landscape of the investment business or
whatever you want to call it, taxes insurance has changed.
So when you talk about a complete advisor, we specialize
in helping all our clients save hundreds of thousands of
dollars in taxes and it has to relate to the
statements that they have to show them the comparison. We
(07:54):
increase the amount of income that can generate in retirement
because right now, I think, Chris, the biggest question Again,
if you go to our website, on the top you'll
see the retirement calculator. What is your tax bill in retirement?
Do you know what you want to know? And a
lot of clients that have gone there, we've helped make
them understand, wow, they've got a tax but we got
to do something with it, so reduce the overall risk
(08:15):
and your retirement approach and sit down with a complete
advisor like Chris is talking about, and I'm talking about
a fiduciary, because they're gonna answer all your questions and
come to the table with questions. That's where I think
a lot of people Chris are like intimidated, like they're
gonna sell me something. But that's not the case.
Speaker 3 (08:31):
Well that's just said. I mean, people just don't know
where to go. You know, we have countless stories of
people coming in and meeting with us and just really
have no direction and they're asking for help and they
just don't know where to go. And when we put
together a plan it's called the Maggie Plan, we educate you.
We educate you on a lot of different topics and
why you deserve to. You know, when's the last class
you had on all this stuff? You haven't you need to.
(08:54):
That's why we invite you to come in and meet
with us. Visit our website at Maggie tax dot com.
There's so much information there, a lot of videos, a
lot of education. We do our radio show, we do
our TV show every Sunday on ABC TV at ten thirty.
Why because you need to get educated. So that's what
we can do. We can help you in a lot
of different ways. Eight three to three Maggie tax And in.
Speaker 2 (09:15):
Talking about all the agents the advisors out there, we
take a macro approach to reducing taxes and income. Most
financial advisors they take a micro approach, meaning from twelve months,
whatever happens during this year, which aims to reduce your
taxes in a single given year. But we take a
macro approach and again approach when you go to the
(09:35):
retirement calculator, you'll see what we're talking about. You're going
to have a lot of taxes to pay on your
ire because it was deferred. No one's paid the tax.
What's the tax rate? We don't know, So understand with
the difference when you talk about macro and micro and
at our company, we're most interested in reducing lifetime taxes
through a macro approach, so the total amount of taxes
(09:56):
you pay is as low as possible. And Chris, we've
helped many people well come in and say we know
we could do that absolutely.
Speaker 3 (10:02):
So what's your tax bill? What are you confused about?
Who are you working with? Even today? You might have
been with an advisor for five years or ten years.
Are the an insurance agent? Are they a broker or
are they a complete advisor? Maybe an investment advisor representative.
So pick up the phone, schedule time to meet with us.
If you don't know, no problem, let's get together, have
a conversation. We can tell you and then you can
(10:24):
determine who do you want to work with moving forward,
Because as my dad mentioned, we take a macro approach.
We look at everything over time. Why because taxes are
increasing they will at some point we need to be
ready for it. We live in a tax increasing error.
Let's go ahead and put together a strategy to help you.
Pick up the phone. Schedule time to meet with us
eight three to three Maggie Tax and don't forget. Tune
(10:47):
into the Maggie Tax a Financial Show every Sunday at
ten point thirty on ABC. Pick up the phone, schedule
time to meet with us eight three to three Maggie Tax.
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 gg I tax dot com or call eight
(11:19):
one three three two two twenty five twenty. That's eight
one three three two two twenty five twenty. Now your
host for the Maggie Tax and Financial Hour, father and
son from Maggie Tax Advisory and Financial Group, Robert and
Chris Maggie.
Speaker 2 (11:35):
Welcome back. My name is Robert Maggie, and you're listening
to the Maggie Tax and Financial Show. And I'm here
with my son, Chris Maggie, and we're talking about debt
to the irs because a lot of folks out there,
when they start taking money out of the IRA, and
many of you have great iras in four oh one k's,
you're going to pay a tax. And remember the definition
of debt something especially money owed to someone else. Does
(11:56):
that sound like taxes in an IRA? Chris, absolutely so.
If you have saved in a four to one k
on IRA or any tax deferred vehicle, you owe a
debt of taxes to the irs. And let me remind
all of you, you have a debt to the irs.
And the bad news is a debt that grows with interest.
This is the problem that we don't realize, or a
lot of people don't, because as it grows and the
(12:18):
interest it grows as well, you're going to pay them
a lot more tax So you all owe taxes not
only on your contributions, but also on the growth and
the funds in your accounts. You talked about something before
investment risk and investment growth. How does that apply like
when we talk about this when people come in, well.
Speaker 3 (12:35):
There's a regular debt, and many people think about credit
cards and bad debt, and then you got investment debt,
which is what we're talking about here today. And we
talked about this last segment. It's a question mark tax
rate when you retire. That's the thing. When you put
money away and you're doing a great job if you
have an IRA A four one K and a TSP
off your federal employee, but the bottom line is you
really kind of foll on the crowd and you're really
(12:57):
not doing it the right way because you're investing in
putting your money away for a question mark tax rate
in the future that when you need the money, you
have no idea what that tax rate's going to be.
You have no idea what that amount is going to
be sent to the IRS, So what is going to
be yours? And that's where most people when you start
planning and you start planning on what is actually yours
(13:20):
and they talk about the IRS and it's theirs, thrs,
the to hrs. And what you really want to think
about here is that when you talk about income and planning,
you want to make sure that you have after tax
accounts giving you income so you can plan on it.
That's why roth iras is so important. That's why ROTH
form and KSER is so important. But the traditional ira
(13:40):
is and the tax deferred accounts, these accounts are huge
and there's trillions of dollars there that Uncle Sam knows
how much they're going to get in taxes. But that
means less income to you.
Speaker 2 (13:51):
And basically it can add up to a lot of debts.
So call my office at eight three to three Maggie Tax.
Here's what I want you to do. Tell the operator
that it's urgent that you want to get out of
debt to the IRS, and set in a point with
Chris and I eight three to three Maggie Tax, and
make sure you tell them it's urgent because it is
because a lot of people don't understand. Well, let me
defer it, let me worry about it later in two
(14:13):
years when the Trump tax cuts expired, there's going to
be a lot to worry about. People are going to
be shocked, Chris when they see that they're going to
pay another thirty percent more in taxes. Negat to go why?
And this hurts a lot of people. So if you
don't do some proper planning, you're going to be hit
with this tax time bomb. And it's ticking, it's ticking louder.
Speaker 3 (14:29):
So one of the things I can do, because let's
talk about this, when you come in and meet with us,
we're going to help you defuse this big tax time bomb.
We're going to show you how much money you have
in pre tax money and how much you haven't after
tax money, and what if there's a strategy where we
can get the money out of an affected area of
taxes into tax free accounts? Would you want to know?
Speaker 2 (14:46):
That's what we'll do for you.
Speaker 3 (14:47):
So when you come in, we'll look at that investment plan,
and we'll look at the debt that you have on
the investments, and we'll show you how you can have
after tax accounts and do it the most beneficial and
strategic way possible to pay lease amount in taxes.
Speaker 2 (15:00):
So one other way to look at this is many
people look at it through a micro lens, which means
right now today, what about a macro lens later on?
How is it going to affect you. That's proper planning,
that's tax planning, that's income planning. One of the biggest
questions we get, well, I think I'm going to run
out of money. We have millionaire clients that come in here,
and Chris, you can tell the story on these, but
(15:20):
they're worried that they're not going to have enough money
to live on. The problem is they don't have no
plan to get what the income they want. And that's
the problem that a lot of people have. So give
us a call eight three to three Magi Tax. Make
sure you visit our website, Maggie Tax, click on the
retirement calculator and see for yourself. You're going to get
a report back in thirty seconds. We're going to give
you a call, or you call us and let's get together.
(15:41):
So the question you might ask Maggie Tax is how
do I reduce my IRS debt, and there are ways
to reduce your debt to the iras, and now it
may be the perfect time to help you do it.
So eight three to three MAGI tax, tell the operator
it's urgent, and we schedule a meeting to get out
of debt with the IRS. That's what you have to do.
You have to take control. You can't sit in the
back and procrastinate. That's not a retirement plan. And many
(16:05):
experts have said the US is likely entering get to
a period of higher taxes for American savers. So here's
the question. Do you think taxes are going to go up?
What do you think taxes are going to go down?
And what's the question? Answer we get all the time.
Speaker 3 (16:16):
Most people think the taxes are going to go up,
and it's going to happen. And why it is so
important because that's what they're talking about. Many experts are
talking about how we're going to enter a period of
higher taxes for Americans and what are you going to
do about it? Think about this, say you're retired. You
can't do anything about it. You're retired. You sound like
you're gonna go back to work and earn more money.
Now you're gonna have to sit there and just bite
(16:38):
the bullet on whatever the tax rate's gonna be.
Speaker 2 (16:40):
Do you want to be in that situation? No, so
what do you do?
Speaker 3 (16:43):
You need the plan. That's why it's so important to
meet with us. Pick up the phone, schedule time to
meet with us. Eight three to three, Maggie tax. Why
because you have a debt to the IRS, investment debt,
and it's growing each and every day, and it's a
ticking time bomb and it's getting louder each and every
every day. If taxes are higher in the future, actually,
when taxes are higher in the future than they are today,
(17:06):
you will be paying the IRS a higher share of
your retirement assets. Don't let that happen to you. And
remember you have a partner with IRS. That's why you
have investment debt, and that's why you have an incomplete plan.
We can help you. Pick up the phone, schedule time
to meet with us. We have obvious on both sides
of the bay. Eight three three Maggie tax. As my
dad mentioned before, tell the operator that it's urgent. Why
(17:28):
because you need to diffuse your big tax time bomb.
And again, you did a great job of saving You
did a great job of listening to other people. But
the end of the day, it's gonna hurt you because
you have an account that's infected with taxes. I don't
care how much is in there. I don't care if
it's one hundred thousand, I don't care if it's two million.
It doesn't matter. The fact of the matter is you
(17:49):
have a debt, an investment debt to Uncle Sam. So
visit our website, Maggie tax dot com, schedule time to
meet with us. Let's discuss what options you have, what
you have, and let's put together a plan for you.
Eight three three Magi Tax.
Speaker 2 (18:03):
One of the things Chris just said about options, there's
something called a strategic rollout, and this is something that
we do with a lot of clients. I know you
don't see what I'm talking about now, but we do
it over a five or ten year period to reduce
the tax so that later on, when you're ready to
take out the IRA, your ire is lower, less tax
And on the other side, you may have a roth
(18:24):
IRA that's tax free, which would you rather have? So
that's the choice you want to make. So when you
come in, we'll go over with this whole thing with you,
we put a balance sheet together. We have questions for you.
We need to get the right answers from you to
design the plan. Eight three to three Magi tax. And remember,
the Maggie Plan is a tax plan, it's an income plan,
it's an investment plan, it's an insurance plan, and it's
in a state plan. So if you don't have any
(18:45):
documents for a state planning, we can help. Eight three
to three Magi tax. Be sure to visit our website,
Maggie tax dot com, click on the retirement calculator and
see for yourself. In thirty seconds, you'll get the report
back eight three three Magi tax. And when you call,
tell them it's urgent that you want to meet with
Chris and Bobby.
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.
Speaker 2 (19:40):
Maggie, welcome back. You're listening to the Maggie Tax and
Financial Show. And if you have any questions during the show,
go to Maggie Tax dot com. We have a chat
box on the bottom right. Type in your question, be
glad to answer it, and then set an appointment eight
three to three Maggie Tax. So we talked about five ways,
Well we're going to talk about five ways taxes can
rise in retirement. Number one, you change your tax brackets.
(20:02):
We talked about that. Number two, tax brackets change around you.
So let's get into the third one. And this is
probably important. Deductions are eliminated and your tax bracket is
only one factor that can potentially impact your taxes in retirement.
So how much of your income is subject to taxation
is another way you could possibly pay more taxes in retirement.
(20:22):
So let's say if you make one hundred thousand a
year and you can deduct twenty thousand dollars, you likely
pay taxes on eighty thousand of taxable income. But if
next year you can only deduct ten thousand, you would
suddenly pay taxes on ninety thousand, okay, of taxable income,
So your bracket didn't change, but you ended up paying
(20:43):
more in taxes because more of your income was subject
to taxation. And in the twenty seventeen federal tax reform legislation,
we saw an elimination of some deduction. So it's important
for you to understand because Congress could return to the
future if they want to, because it's so legislature risk, Chris,
and what happens is they're changing these rules. They're changing
(21:04):
these rules because it's written in pencil, so you have
to be aware of that, so do something about it.
That's number three. Number four the way assets are taxed.
And Chris talk about this because people don't understand how
assets are taxed in retirement and if it's a capital
gain or not, because those things are changing as well.
Speaker 3 (21:21):
So let's talk about distributions on iras and pool and
Key's first, they're taxed at ordinary income, so the amount
that comes out, it's fully taxable. So you take out
ten thousand from your IRA, guess what gross distribution ten thousand,
taxable amount ten thousand dollars. Just like if you are working,
that's called earned income. So you make fifty thousand, that's
(21:44):
earned income, so it's taxed the same way as ordinary income.
But what about like capital gains. You have investments, there's
capital gain trade. So if you make a gain, well
there's it could be taxed fifteen percent, it could be
taxed ten percent, it can be taxed zero. People don't
know that they could be taxed zero. Even if you
only have a capital gain, if you're in a lower
tax bracket, what about a capital loss. So the way
(22:06):
assets are taxed can change. You could also end up
paying more tax in the future if the government changes
the way retirement assets as I just mentioned are taxed.
You know, one example list could be solid security. You know,
before nineteen eighty four, solid security benefits were not even taxable.
Guess what tax today? You know, based on legislation passed
(22:27):
in nineteen eighty three, solid security payments begained taxable up
to fifty percent of the benefit, and in nineteen ninety
three that amount was raised up to eighty five percent
of your social security could be taxed. So here we're
seeing it, we've seen it. This could happen with your
assets as well. So you have assets, you have piles
(22:47):
of money. Well, are these accounts in the most tax
efficient way? Will taxes rise in the future? Will change?
Is change in the future?
Speaker 2 (22:54):
Yes?
Speaker 3 (22:55):
So what are we doing? Congress could potentially pass new
legislation making even higher amount of the benefits taxable for retirees.
And if that happens, you could be more in taxes
because of your retirement income will be subject to taxation.
Are you planning for this? If not, why not? We
can help a three to three Magi tax. Pick up
(23:16):
the phone, schedule time to meet with us. If you're
on our website Maggi tax dot com. You have a question,
go to the chat box ask the question. Let's address
it for you, or better yet, come schedule time to
meet with us. Let's get together. We have obvious on
both sides of the Bay eight three to three Maggie tax.
Speaker 2 (23:32):
You know, Christen, that's the most I think confusing part
of Social Security? How is it taxed from fifty to
eighty five? But the question I get can it be
taxed one hundred percent? And again we talked about how
they're spending trillions of dollars. Absolutely, could they raise that
to one hundred percent. Sure they can because that's the
legislature risk and it's written in pencil. And if they
(23:53):
need that money, guess where it's gonna come from. It's
gonna come from what we're talking about here, and it's
gonna be surprise, surprise. But that's what they can do.
So these are just some of the things. If you
have questions, I know you've got concerns out there about
that part we just talked about, hit the chatbox on
Maggie tax dot com. Ask the question, let's see if
we can get together. And the last one would be
new taxes are enacted. This is a big one. The
(24:15):
final way that your taxes in retirement could be higher
than they are today is if Congress passes new taxes
on retirement assets. We've just been talking about quite a
few of them, and there was a discussion of this
during the congressional debate over a Build Back Better agenda,
and the legislation in Congress included trillions of dollars in
new government spending and to offset that spending, trillions of
(24:38):
dollars in new taxes. It's coming people, They're going to
take another bite of the apple. And for example, one
tax provision included in the House of Democrats bill enacted
a new annual This is a big thing, a new
annual required minimum distribution that's called RMD from iras in
four to one case. And this RMD would be applicable
(24:59):
at any age. Think about that, Chris, at any age,
not just over fifty nine and a half or seventy two.
And this R and D would be it would be
triggered when a savers retirement assets reach a value above
a congressionally mandated limit. So they go, you gotta put
limits on it.
Speaker 3 (25:16):
They can change things, Things could change. So what are
you doing. Doesn't it make sense to get your money
into a tax free environment where you don't have to
worry about all these changes. Well, we can show you
you have iras fall and k's TSPs. Guess what four
fifty seven plans four or three bs. They're infected with tax.
(25:36):
So how do we get these money, these accounts out
in the most tax efficient way into a tax free zone.
Speaker 2 (25:42):
We can show you that. And one thing that really
upsets me, and we get excited here when we talk
about this, but the proposal that we're just talking about,
and this is something that you need to pay attention to.
Would require would require savers above this cap to withdraw
from their accounts fifty percent of the excess above the cap.
Me it means that they put a cap on it.
And just let's say it's I don't know, you have
(26:03):
one hundred thousand or one hundred and fifty thousand, and
they say you have to take everything out over that
one hundred thousand. That means fifty thousand would be taxed.
Think about that. That's confusing, isn't it. That's what's going
to happen. And they need the income. Whether they need
the income or not, you're going to pay taxes on
that withdrawal. And folks, I know we're talking about it,
(26:23):
but it's coming. Look it up. It's there, you know.
In essence, ending the tax preferred status of those funds,
that's what they want to do. They want to eliminate
what they gave us years ago. Save your money tax deferred,
tax deferred, get the deduction on the front end, Chris,
and reduce your taxes every year. But nobody thought about
it at the end which we're at right now. It
is going to affect a lot of people if they
(26:45):
change these rules. Why Because you know this and I
know this. They know exactly how much money is in
deferred accounts.
Speaker 3 (26:51):
And that's just it. So if you're listening today, take
a deep breath. Everything's all right, but it won't be
all right if you keep doing the same thing over
a while and over again. What you have to do
is get a plan. And that's why we call it
the Maggi Plan.
Speaker 2 (27:04):
It's simple.
Speaker 3 (27:04):
It's a tax plan. It's income planning, it's investment planning,
it's solid security maximization planning, meaning when's the best time
to take the sold security benefits, how is it going
to get taxed? What about legacy planning? These are things
we're talking about here, making sure that all your money
stays in your family. So if you don't have a plan,
now is the time to get a plan. It's very simple.
All you got to do is pick up the phone,
(27:25):
schedule time to meet with us. We have abvious on
both sides of the bay. We're here to help you out.
You know why, because people need to know. That's why
we do our show. You need to know what options
are available out there and strategies that are in place
to be on the on the side of where you
could take advantage of these opportunities as opposed to falling
victim to them. You know when people come in and say, well,
(27:45):
everyone lost money during two thousand and eight, two thousand
and one, No, no, not everyone did lose money during
those years because if they had strategies in place, they
avoided those things. What about our clients took advantage of
these opportunities when the market was down. How do you
go about doing that? Well, we can help pick up
the phone, schedule time to meet with us. Eight three
three Maggie Tax.
Speaker 2 (28:06):
So I know maybe a lot of you are confused
and worried about certain things. Go to Maggie tax dot
com right now. There's a chat box on the bottom right.
Type in your question, let me answer it, let Chris
answer it, and then let's get together and talk about it,
because that's the best way to do it. I think
the biggest problem that most people have out there is
interpreting the language. I said this before. You know, I
(28:26):
don't speak other languages, and when someone speaks their language
to me, it's very confusing. Someone has to interpret that
to me, and that's what's happening here in retirement. Someone
has to interpret the tax part of it for you.
Someone has to interpret the income part of it. You
the distribution like Chris is talking about, talk about the
risk you're taking. Should you be taking that much risk?
(28:47):
And like we had a client less we come in
and this is not just last week, it's most all
the time. They had eighty five percent of their money, Chris,
in risk, which we call red money. And when we
explain to them the power of red money green and
there's a video on my website, they sat back and
they said, well, I don't want to put it in red?
How do we get it in green? And the point
is that once we put it in green, we're able
(29:08):
to give them the income they needed on a text
favorite basis. Chris, and how did they were shocked? Like
can we do this? You can?
Speaker 3 (29:15):
Well not only shocked, but they said, well, how come
my current advisor hasn't showed me this or you know?
Now I kind of have the confidence and the stress
free environment moving forward. Now they're more in control of
their retirement as opposed to falling victim to the changes
that are going to happen. So what are you doing
about it? Let's pick up the phone. The schedule time
(29:37):
to meet with us very simply. We loved to meet
with you a three to three mag attacks. Don't forget
every Sunday on ABC TV at ten thirty am for
the Magi Tax and Financial Show. Right there on ABC
TV ten thirty am. Nice show, thirty minutes you'll see us.
You know, we have a lot of great information to
help you, and if you have any questions, just pick
up the phone schedule time to meet with us, or
(29:57):
also go to our website. Maggi tax dot Com runs
a chat box right there for you. You can just type
in your question and we can help you.
Speaker 2 (30:04):
Yeah, while they are in bed at night worrying about it.
And even if you do, and then you're gonna laugh
when I say this, get up. Go to Maggie tax
dot com. The chat box is right there. Type in
your question, we'll answer it. And that way, you know,
you don't have to lay in bed tossing and turning
and worrying and you know, getting yourself sick over it
because you need answers to questions. Chris and I are
willing and very able to help you because this is
(30:24):
something that you don't have maybe now and we can
help you out. Eight three three Magi tas. Visit our website,
Maggie Tax dot com and be sure to watch our
TV show every Sunday on ABC at ten thirty and
then on our website. There's a lot of videos there
that we have and a lot of webinars, so we're
trying to help you get educated to understand what's going
on out there in the privacy of your own home.
(30:45):
And then let's get together eight three three Magi Tax.
And by the way, you're gonna meet with Chris and
I together, so hope that helps you out a three
three Magi tax. And you're listening to the Magi Tax
and Financial Show, and don't forget every Sunday on ABC
TV at ten thirty eight, I'll watch the Maggie Tax
and Financial Show eight three to 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.
Speaker 2 (31:18):
Maggie.
Speaker 1 (31:18):
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 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
(31:41):
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 irs.
And I love this frame taxes in retirement because it's
a complex topic and I know most of you don't
understand taxes or because you go once a year to
(32:07):
your tax prepare and you just give them all the information,
they fill it in and boom, you have to figure
out what you oh or what you're going to get back.
So the debt to the irs story uncovers the risk
associated with having all, well 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 TSP. If you're federal, this is all tax
(32:29):
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, and they
(32:51):
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. Well think
about that. 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. We can
help you. Pick up the phone, schedule time to meet
with us. Eight three three maggie tax. That's eight three
to three maggie tax.
Speaker 2 (34:02):
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 my
money's being stolen. I said, no, you made thirty thousand more,
(34:24):
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. This message frame today
(34:46):
is a topic that many adviurs 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
si seconds you'll see what your retirement tax bill is
going to be. And then you know what, Chris, that's
when we start creating the bucket planning, because now we
(35:07):
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 is 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 strategically. 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 the 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 it's not a big deal,
just deal with 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 thing for you,
(37:17):
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 Maggie 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,
(37:38):
see what your tax bill 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
(37:59):
and help you 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 a roth ira ira. Maybe
you should not. And also estay planning, making sure that
every account that you have avoids probate, even your house,
and it goes to where you want to go. Get
(38:20):
the documents, make 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. Eight three to three Magi Tax. We thank
you so much for listening today eight three to three
Magi Tax.
Speaker 1 (38:43):
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
(39:05):
five twenty and tune in next Saturday at five for
the Maggie Tax and Financial Hour
All these years you've saved up planning for secure retirement,
but if you're not careful, it will be the irs
that's living it up when you retire by taxing your
hard earned money. Welcome to the Maggie Tax and Financial
Hour with Robert and Chris Maggie of Maggie Tax Advisory
and Financial Group. With over thirty years of combined experience
in tax savings, income planning, and investment opportunities, Robert and
(00:22):
Chris share advice and tax planning strategies designed to protect
your retirement nest egg from Uncle Sam. Your questions and
comments are welcome during today's program by calling eight one
three three two two twenty five twenty. That's eight one
three three two two twenty five twenty, or visit Maggie
Tax dot com. That's Maggi tax dot com and now
(00:46):
your host for the Maggie Tax Financial Hour on nine
seventy WFLA. Robert and Chris Maggie.
Speaker 2 (00:53):
Welcome everyone, and thanks for joining us today. My name
is Robert Maggie and I'm here with my son and
co host, Chris Maggie. Be sure to visit our website
at Maggie Tax dot com and click on the retirement
calculator on the top and see what your tax bill
is going to be in retirement. Be sure to watch
your TV show every Sunday at ten thirty am on
ABC TV. We have a lot we're talking about to
(01:14):
try to educate everybody, and it's something, Chris, that a
lot of people need. When they come in and see us,
there are more, I guess, frightened as to what they're
going to be sold or anything like that. But when
it comes to what we do, we educate and I
have to tell you many people that come in and
they leave, they go like, wow, this is what I expected.
So let's talk about that. We're going to talk about
who's helping you plan your retirement because this is very important.
(01:36):
And Chris take it away.
Speaker 3 (01:37):
Well, welcome everyone, Thank you so much for tuning into
our show. And the question we have for all of
you out there is are you confused? And what I
mean by that is do you really know who you're
working with? And what I mean by that is who
are you working with with your retirement plans? And a
lot of people think, well, all advisors are the same.
Well let's go ahead and dive into that, and let's
(01:59):
educate you all because they're not. There's a couple of
different advisors out there who you know, basically describe themselves
as a financial advisor, and sometimes they're really not. But
there's insurance agents out there, There are brokers, and there
also are investment advisor representatives. And we're going to dive
into all those three different types of advisors just to
(02:20):
clarify because sometimes when you're getting the advice from these individuals,
it might be just leaning towards what they want instead
of what you want. So let's dive into what an
insurance agent is.
Speaker 2 (02:32):
A great point, Chris, and you know, just to you
know complete that when I started in this business years ago,
you sold a product. You worked for a company, and
that's all you sold. Like for an insurance agent, they
sold you life insurance or health insurance and that was it.
What happened in my career is that people kept asking me,
can you do more? Is there something else you can do?
(02:53):
So when you talk about an insurance agent, they get
paid on commissions on product transactions, and Chris, you talk
about being a transactional advisor, and that's what they're supposed
to do, so they work on behalf of their affiliated
insurance carrier. And there's many insurance carriers out there. We'll
licensed for a lot of them. So you work for
them and you're held to the suitability standards, not fiduciary standards. Christen,
(03:16):
that is so important when you're speaking to a client.
So think about this.
Speaker 3 (03:19):
You meet with an insurance agent, you have questions about
social security, about retirement planning, about the market, about what
to do with income planning and investment planning, and basically
all they do is insurance. So sometimes they might just
steer you in the wrong direction and say, hey, no,
don't invest in the market, just invest in this product,
or you need just life insurance because that's all they do,
(03:42):
is they sell life insurance. Or maybe they just sell
long term care and medicare. That's all they do insurance agents, right,
So they just don't look at the big picture. They
just deal with insurance products. So just to summarize on that,
they work on behalf of their boss or their company.
They're held to soon suitability standards, not fiduciary standards. So
(04:03):
that's an insurance agent. So let's go into maybe what
we all hear is a broker, right, we hear a broker's. Well,
what's a broker, Well, that's a registered representative. They usually
work with a brokerage company. Well, they're held to suitability
standards again and not fiduciary standards. They work on commissions
(04:23):
on product transactions. So think about that. You work with
an advisor who buys and sells, you're in the market.
Every time they buy a mutual fund or sell a fund,
there could be a load or an expense or a charge,
and that's a commission. But what they work on behalf
of their affiliated brokerage firm.
Speaker 2 (04:41):
So think about that.
Speaker 3 (04:42):
Every time you buy a stock or sell a stock,
there's a commission or a bond, there is a commission generated.
So think about that. That is a broker. So if
you're looking for again an income plan or a tax plan,
or a Social Security maximization, or you want them to
manage your money, think about that. It's really giving you
the right advice. So many people out there think, oh
(05:03):
my gosh, well I might be meeting with an insurance agent,
I might be meeting with a broker, but that's really
not what I want. So those are two different advisors
that are out there that you just should be aware
are they bad no there, They're just kind of limited
to what they can and can't do. So that leads
us to what an investment advisor representative is, and let's
(05:24):
talk about that.
Speaker 2 (05:25):
An investment advisor REP is a little different because they
are held to a fiduciary standard, which many people are
ask us and they always say, are you a fiduciary?
Because legally required to put the client's interest first and
they work solely on behalf of you, the client in
a fiduciary capacity. What does that mean? It means that
when you meet with a fiduciary, they're going to cover
(05:47):
everything that Chris just mentioned from medicare, social security, insurance,
income planning, tax planning, investment planning, because that's a complete
plan and that's what we do with Maggie Tax. We're
a complete advice. So there's nothing wrong with an insurance
agent if that's all they choose to do, that's fine.
The brokers, there's nothing wrong with that if that's what
they choose. But when you work with an investment advisor REP,
(06:10):
it's a bigger picture where we can answer a lot
more questions and what they can And.
Speaker 3 (06:14):
That's why at Maggie Investment Services. We are a fiduciary,
we are investment advisor representative firms. So what we do
here is we've got to do the best thing for you.
And incorporated with Maggie Tax Advisory and Financial Group, we
do complete planning. As my dad mentioned, so we can
do an income plan, we could do a tax plan,
we could do investment plans. We could do Social Security maximization,
we could do Medicare, we could do long term care.
(06:37):
There's a lot of tax strategy that you could take
advantage of. So that's why I asked that question, who
are you working with? Are you confused? And before someone
comes to your house or you go to someone's office,
you should ask them are they a fiduciary or are
they just an insurance agent? Or are they just a broker?
So those things that you should ask whenever you're meeting
(06:58):
with someone. And that's why when we do our show here,
we are an investment advisor representative and that's what I
am at Maggie Investment Services. We have the fiduciary responsibility
the best thing for you, so we can put together
a complete plan, an investment plan. We can give you
the advice, we can give you advice on insurance products,
on how to generate income, on life insurance, on how
(07:19):
to maximize your social security. So these are the things
that we do, and I just wanted to make sure
that the people out there understand who you are working
with and if you have any questions, just pick up
the phone, schedule time to meet with us. Eight three
to three Maggie tax. That's eight three to three Maggie tax.
Speaker 2 (07:34):
And just remember the landscape of the investment business or
whatever you want to call it, taxes insurance has changed.
So when you talk about a complete advisor, we specialize
in helping all our clients save hundreds of thousands of
dollars in taxes and it has to relate to the
statements that they have to show them the comparison. We
(07:54):
increase the amount of income that can generate in retirement
because right now, I think, Chris, the biggest question Again,
if you go to our website, on the top you'll
see the retirement calculator. What is your tax bill in retirement?
Do you know what you want to know? And a
lot of clients that have gone there, we've helped make
them understand, wow, they've got a tax but we got
to do something with it, so reduce the overall risk
(08:15):
and your retirement approach and sit down with a complete
advisor like Chris is talking about, and I'm talking about
a fiduciary, because they're gonna answer all your questions and
come to the table with questions. That's where I think
a lot of people Chris are like intimidated, like they're
gonna sell me something. But that's not the case.
Speaker 3 (08:31):
Well that's just said. I mean, people just don't know
where to go. You know, we have countless stories of
people coming in and meeting with us and just really
have no direction and they're asking for help and they
just don't know where to go. And when we put
together a plan it's called the Maggie Plan, we educate you.
We educate you on a lot of different topics and
why you deserve to. You know, when's the last class
you had on all this stuff? You haven't you need to.
(08:54):
That's why we invite you to come in and meet
with us. Visit our website at Maggie tax dot com.
There's so much information there, a lot of videos, a
lot of education. We do our radio show, we do
our TV show every Sunday on ABC TV at ten thirty.
Why because you need to get educated. So that's what
we can do. We can help you in a lot
of different ways. Eight three to three Maggie tax And in.
Speaker 2 (09:15):
Talking about all the agents the advisors out there, we
take a macro approach to reducing taxes and income. Most
financial advisors they take a micro approach, meaning from twelve months,
whatever happens during this year, which aims to reduce your
taxes in a single given year. But we take a
macro approach and again approach when you go to the
(09:35):
retirement calculator, you'll see what we're talking about. You're going
to have a lot of taxes to pay on your
ire because it was deferred. No one's paid the tax.
What's the tax rate? We don't know, So understand with
the difference when you talk about macro and micro and
at our company, we're most interested in reducing lifetime taxes
through a macro approach, so the total amount of taxes
(09:56):
you pay is as low as possible. And Chris, we've
helped many people well come in and say we know
we could do that absolutely.
Speaker 3 (10:02):
So what's your tax bill? What are you confused about?
Who are you working with? Even today? You might have
been with an advisor for five years or ten years.
Are the an insurance agent? Are they a broker or
are they a complete advisor? Maybe an investment advisor representative.
So pick up the phone, schedule time to meet with us.
If you don't know, no problem, let's get together, have
a conversation. We can tell you and then you can
(10:24):
determine who do you want to work with moving forward,
Because as my dad mentioned, we take a macro approach.
We look at everything over time. Why because taxes are
increasing they will at some point we need to be
ready for it. We live in a tax increasing error.
Let's go ahead and put together a strategy to help you.
Pick up the phone. Schedule time to meet with us
eight three to three Maggie Tax and don't forget. Tune
(10:47):
into the Maggie Tax a Financial Show every Sunday at
ten point thirty on ABC. Pick up the phone, schedule
time to meet with us eight three to three Maggie Tax.
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 gg I tax dot com or call eight
(11:19):
one three three two two twenty five twenty. That's eight
one three three two two twenty five twenty. Now your
host for the Maggie Tax and Financial Hour, father and
son from Maggie Tax Advisory and Financial Group, Robert and
Chris Maggie.
Speaker 2 (11:35):
Welcome back. My name is Robert Maggie, and you're listening
to the Maggie Tax and Financial Show. And I'm here
with my son, Chris Maggie, and we're talking about debt
to the irs because a lot of folks out there,
when they start taking money out of the IRA, and
many of you have great iras in four oh one k's,
you're going to pay a tax. And remember the definition
of debt something especially money owed to someone else. Does
(11:56):
that sound like taxes in an IRA? Chris, absolutely so.
If you have saved in a four to one k
on IRA or any tax deferred vehicle, you owe a
debt of taxes to the irs. And let me remind
all of you, you have a debt to the irs.
And the bad news is a debt that grows with interest.
This is the problem that we don't realize, or a
lot of people don't, because as it grows and the
(12:18):
interest it grows as well, you're going to pay them
a lot more tax So you all owe taxes not
only on your contributions, but also on the growth and
the funds in your accounts. You talked about something before
investment risk and investment growth. How does that apply like
when we talk about this when people come in, well.
Speaker 3 (12:35):
There's a regular debt, and many people think about credit
cards and bad debt, and then you got investment debt,
which is what we're talking about here today. And we
talked about this last segment. It's a question mark tax
rate when you retire. That's the thing. When you put
money away and you're doing a great job if you
have an IRA A four one K and a TSP
off your federal employee, but the bottom line is you
really kind of foll on the crowd and you're really
(12:57):
not doing it the right way because you're investing in
putting your money away for a question mark tax rate
in the future that when you need the money, you
have no idea what that tax rate's going to be.
You have no idea what that amount is going to
be sent to the IRS, So what is going to
be yours? And that's where most people when you start
planning and you start planning on what is actually yours
(13:20):
and they talk about the IRS and it's theirs, thrs,
the to hrs. And what you really want to think
about here is that when you talk about income and planning,
you want to make sure that you have after tax
accounts giving you income so you can plan on it.
That's why roth iras is so important. That's why ROTH
form and KSER is so important. But the traditional ira
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is and the tax deferred accounts, these accounts are huge
and there's trillions of dollars there that Uncle Sam knows
how much they're going to get in taxes. But that
means less income to you.
Speaker 2 (13:51):
And basically it can add up to a lot of debts.
So call my office at eight three to three Maggie Tax.
Here's what I want you to do. Tell the operator
that it's urgent that you want to get out of
debt to the IRS, and set in a point with
Chris and I eight three to three Maggie Tax, and
make sure you tell them it's urgent because it is
because a lot of people don't understand. Well, let me
defer it, let me worry about it later in two
(14:13):
years when the Trump tax cuts expired, there's going to
be a lot to worry about. People are going to
be shocked, Chris when they see that they're going to
pay another thirty percent more in taxes. Negat to go why?
And this hurts a lot of people. So if you
don't do some proper planning, you're going to be hit
with this tax time bomb. And it's ticking, it's ticking louder.
Speaker 3 (14:29):
So one of the things I can do, because let's
talk about this, when you come in and meet with us,
we're going to help you defuse this big tax time bomb.
We're going to show you how much money you have
in pre tax money and how much you haven't after
tax money, and what if there's a strategy where we
can get the money out of an affected area of
taxes into tax free accounts? Would you want to know?
Speaker 2 (14:46):
That's what we'll do for you.
Speaker 3 (14:47):
So when you come in, we'll look at that investment plan,
and we'll look at the debt that you have on
the investments, and we'll show you how you can have
after tax accounts and do it the most beneficial and
strategic way possible to pay lease amount in taxes.
Speaker 2 (15:00):
So one other way to look at this is many
people look at it through a micro lens, which means
right now today, what about a macro lens later on?
How is it going to affect you. That's proper planning,
that's tax planning, that's income planning. One of the biggest
questions we get, well, I think I'm going to run
out of money. We have millionaire clients that come in here,
and Chris, you can tell the story on these, but
(15:20):
they're worried that they're not going to have enough money
to live on. The problem is they don't have no
plan to get what the income they want. And that's
the problem that a lot of people have. So give
us a call eight three to three Magi Tax. Make
sure you visit our website, Maggie Tax, click on the
retirement calculator and see for yourself. You're going to get
a report back in thirty seconds. We're going to give
you a call, or you call us and let's get together.
(15:41):
So the question you might ask Maggie Tax is how
do I reduce my IRS debt, and there are ways
to reduce your debt to the iras, and now it
may be the perfect time to help you do it.
So eight three to three MAGI tax, tell the operator
it's urgent, and we schedule a meeting to get out
of debt with the IRS. That's what you have to do.
You have to take control. You can't sit in the
back and procrastinate. That's not a retirement plan. And many
(16:05):
experts have said the US is likely entering get to
a period of higher taxes for American savers. So here's
the question. Do you think taxes are going to go up?
What do you think taxes are going to go down?
And what's the question? Answer we get all the time.
Speaker 3 (16:16):
Most people think the taxes are going to go up,
and it's going to happen. And why it is so
important because that's what they're talking about. Many experts are
talking about how we're going to enter a period of
higher taxes for Americans and what are you going to
do about it? Think about this, say you're retired. You
can't do anything about it. You're retired. You sound like
you're gonna go back to work and earn more money.
Now you're gonna have to sit there and just bite
(16:38):
the bullet on whatever the tax rate's gonna be.
Speaker 2 (16:40):
Do you want to be in that situation? No, so
what do you do?
Speaker 3 (16:43):
You need the plan. That's why it's so important to
meet with us. Pick up the phone, schedule time to
meet with us. Eight three to three, Maggie tax. Why
because you have a debt to the IRS, investment debt,
and it's growing each and every day, and it's a
ticking time bomb and it's getting louder each and every
every day. If taxes are higher in the future, actually,
when taxes are higher in the future than they are today,
(17:06):
you will be paying the IRS a higher share of
your retirement assets. Don't let that happen to you. And
remember you have a partner with IRS. That's why you
have investment debt, and that's why you have an incomplete plan.
We can help you. Pick up the phone, schedule time
to meet with us. We have obvious on both sides
of the bay. Eight three three Maggie tax. As my
dad mentioned before, tell the operator that it's urgent. Why
(17:28):
because you need to diffuse your big tax time bomb.
And again, you did a great job of saving You
did a great job of listening to other people. But
the end of the day, it's gonna hurt you because
you have an account that's infected with taxes. I don't
care how much is in there. I don't care if
it's one hundred thousand, I don't care if it's two million.
It doesn't matter. The fact of the matter is you
(17:49):
have a debt, an investment debt to Uncle Sam. So
visit our website, Maggie tax dot com, schedule time to
meet with us. Let's discuss what options you have, what
you have, and let's put together a plan for you.
Eight three three Magi Tax.
Speaker 2 (18:03):
One of the things Chris just said about options, there's
something called a strategic rollout, and this is something that
we do with a lot of clients. I know you
don't see what I'm talking about now, but we do
it over a five or ten year period to reduce
the tax so that later on, when you're ready to
take out the IRA, your ire is lower, less tax
And on the other side, you may have a roth
(18:24):
IRA that's tax free, which would you rather have? So
that's the choice you want to make. So when you
come in, we'll go over with this whole thing with you,
we put a balance sheet together. We have questions for you.
We need to get the right answers from you to
design the plan. Eight three to three Magi tax. And remember,
the Maggie Plan is a tax plan, it's an income plan,
it's an investment plan, it's an insurance plan, and it's
in a state plan. So if you don't have any
(18:45):
documents for a state planning, we can help. Eight three
to three Magi tax. Be sure to visit our website,
Maggie tax dot com, click on the retirement calculator and
see for yourself. In thirty seconds, you'll get the report
back eight three three Magi tax. And when you call,
tell them it's urgent that you want to meet with
Chris and Bobby.
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.
Speaker 2 (19:40):
Maggie, welcome back. You're listening to the Maggie Tax and
Financial Show. And if you have any questions during the show,
go to Maggie Tax dot com. We have a chat
box on the bottom right. Type in your question, be
glad to answer it, and then set an appointment eight
three to three Maggie Tax. So we talked about five ways,
Well we're going to talk about five ways taxes can
rise in retirement. Number one, you change your tax brackets.
(20:02):
We talked about that. Number two, tax brackets change around you.
So let's get into the third one. And this is
probably important. Deductions are eliminated and your tax bracket is
only one factor that can potentially impact your taxes in retirement.
So how much of your income is subject to taxation
is another way you could possibly pay more taxes in retirement.
(20:22):
So let's say if you make one hundred thousand a
year and you can deduct twenty thousand dollars, you likely
pay taxes on eighty thousand of taxable income. But if
next year you can only deduct ten thousand, you would
suddenly pay taxes on ninety thousand, okay, of taxable income,
So your bracket didn't change, but you ended up paying
(20:43):
more in taxes because more of your income was subject
to taxation. And in the twenty seventeen federal tax reform legislation,
we saw an elimination of some deduction. So it's important
for you to understand because Congress could return to the
future if they want to, because it's so legislature risk, Chris,
and what happens is they're changing these rules. They're changing
(21:04):
these rules because it's written in pencil, so you have
to be aware of that, so do something about it.
That's number three. Number four the way assets are taxed.
And Chris talk about this because people don't understand how
assets are taxed in retirement and if it's a capital
gain or not, because those things are changing as well.
Speaker 3 (21:21):
So let's talk about distributions on iras and pool and
Key's first, they're taxed at ordinary income, so the amount
that comes out, it's fully taxable. So you take out
ten thousand from your IRA, guess what gross distribution ten thousand,
taxable amount ten thousand dollars. Just like if you are working,
that's called earned income. So you make fifty thousand, that's
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earned income, so it's taxed the same way as ordinary income.
But what about like capital gains. You have investments, there's
capital gain trade. So if you make a gain, well
there's it could be taxed fifteen percent, it could be
taxed ten percent, it can be taxed zero. People don't
know that they could be taxed zero. Even if you
only have a capital gain, if you're in a lower
tax bracket, what about a capital loss. So the way
(22:06):
assets are taxed can change. You could also end up
paying more tax in the future if the government changes
the way retirement assets as I just mentioned are taxed.
You know, one example list could be solid security. You know,
before nineteen eighty four, solid security benefits were not even taxable.
Guess what tax today? You know, based on legislation passed
(22:27):
in nineteen eighty three, solid security payments begained taxable up
to fifty percent of the benefit, and in nineteen ninety
three that amount was raised up to eighty five percent
of your social security could be taxed. So here we're
seeing it, we've seen it. This could happen with your
assets as well. So you have assets, you have piles
(22:47):
of money. Well, are these accounts in the most tax
efficient way? Will taxes rise in the future? Will change?
Is change in the future?
Speaker 2 (22:54):
Yes?
Speaker 3 (22:55):
So what are we doing? Congress could potentially pass new
legislation making even higher amount of the benefits taxable for retirees.
And if that happens, you could be more in taxes
because of your retirement income will be subject to taxation.
Are you planning for this? If not, why not? We
can help a three to three Magi tax. Pick up
(23:16):
the phone, schedule time to meet with us. If you're
on our website Maggi tax dot com. You have a question,
go to the chat box ask the question. Let's address
it for you, or better yet, come schedule time to
meet with us. Let's get together. We have obvious on
both sides of the Bay eight three to three Maggie tax.
Speaker 2 (23:32):
You know, Christen, that's the most I think confusing part
of Social Security? How is it taxed from fifty to
eighty five? But the question I get can it be
taxed one hundred percent? And again we talked about how
they're spending trillions of dollars. Absolutely, could they raise that
to one hundred percent. Sure they can because that's the
legislature risk and it's written in pencil. And if they
(23:53):
need that money, guess where it's gonna come from. It's
gonna come from what we're talking about here, and it's
gonna be surprise, surprise. But that's what they can do.
So these are just some of the things. If you
have questions, I know you've got concerns out there about
that part we just talked about, hit the chatbox on
Maggie tax dot com. Ask the question, let's see if
we can get together. And the last one would be
new taxes are enacted. This is a big one. The
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final way that your taxes in retirement could be higher
than they are today is if Congress passes new taxes
on retirement assets. We've just been talking about quite a
few of them, and there was a discussion of this
during the congressional debate over a Build Back Better agenda,
and the legislation in Congress included trillions of dollars in
new government spending and to offset that spending, trillions of
(24:38):
dollars in new taxes. It's coming people, They're going to
take another bite of the apple. And for example, one
tax provision included in the House of Democrats bill enacted
a new annual This is a big thing, a new
annual required minimum distribution that's called RMD from iras in
four to one case. And this RMD would be applicable
(24:59):
at any age. Think about that, Chris, at any age,
not just over fifty nine and a half or seventy two.
And this R and D would be it would be
triggered when a savers retirement assets reach a value above
a congressionally mandated limit. So they go, you gotta put
limits on it.
Speaker 3 (25:16):
They can change things, Things could change. So what are
you doing. Doesn't it make sense to get your money
into a tax free environment where you don't have to
worry about all these changes. Well, we can show you
you have iras fall and k's TSPs. Guess what four
fifty seven plans four or three bs. They're infected with tax.
(25:36):
So how do we get these money, these accounts out
in the most tax efficient way into a tax free zone.
Speaker 2 (25:42):
We can show you that. And one thing that really
upsets me, and we get excited here when we talk
about this, but the proposal that we're just talking about,
and this is something that you need to pay attention to.
Would require would require savers above this cap to withdraw
from their accounts fifty percent of the excess above the cap.
Me it means that they put a cap on it.
And just let's say it's I don't know, you have
(26:03):
one hundred thousand or one hundred and fifty thousand, and
they say you have to take everything out over that
one hundred thousand. That means fifty thousand would be taxed.
Think about that. That's confusing, isn't it. That's what's going
to happen. And they need the income. Whether they need
the income or not, you're going to pay taxes on
that withdrawal. And folks, I know we're talking about it,
(26:23):
but it's coming. Look it up. It's there, you know.
In essence, ending the tax preferred status of those funds,
that's what they want to do. They want to eliminate
what they gave us years ago. Save your money tax deferred,
tax deferred, get the deduction on the front end, Chris,
and reduce your taxes every year. But nobody thought about
it at the end which we're at right now. It
is going to affect a lot of people if they
(26:45):
change these rules. Why Because you know this and I
know this. They know exactly how much money is in
deferred accounts.
Speaker 3 (26:51):
And that's just it. So if you're listening today, take
a deep breath. Everything's all right, but it won't be
all right if you keep doing the same thing over
a while and over again. What you have to do
is get a plan. And that's why we call it
the Maggi Plan.
Speaker 2 (27:04):
It's simple.
Speaker 3 (27:04):
It's a tax plan. It's income planning, it's investment planning,
it's solid security maximization planning, meaning when's the best time
to take the sold security benefits, how is it going
to get taxed? What about legacy planning? These are things
we're talking about here, making sure that all your money
stays in your family. So if you don't have a plan,
now is the time to get a plan. It's very simple.
All you got to do is pick up the phone,
(27:25):
schedule time to meet with us. We have abvious on
both sides of the bay. We're here to help you out.
You know why, because people need to know. That's why
we do our show. You need to know what options
are available out there and strategies that are in place
to be on the on the side of where you
could take advantage of these opportunities as opposed to falling
victim to them. You know when people come in and say, well,
(27:45):
everyone lost money during two thousand and eight, two thousand
and one, No, no, not everyone did lose money during
those years because if they had strategies in place, they
avoided those things. What about our clients took advantage of
these opportunities when the market was down. How do you
go about doing that? Well, we can help pick up
the phone, schedule time to meet with us. Eight three
three Maggie Tax.
Speaker 2 (28:06):
So I know maybe a lot of you are confused
and worried about certain things. Go to Maggie tax dot
com right now. There's a chat box on the bottom right.
Type in your question, let me answer it, let Chris
answer it, and then let's get together and talk about it,
because that's the best way to do it. I think
the biggest problem that most people have out there is
interpreting the language. I said this before. You know, I
(28:26):
don't speak other languages, and when someone speaks their language
to me, it's very confusing. Someone has to interpret that
to me, and that's what's happening here in retirement. Someone
has to interpret the tax part of it for you.
Someone has to interpret the income part of it. You
the distribution like Chris is talking about, talk about the
risk you're taking. Should you be taking that much risk?
(28:47):
And like we had a client less we come in
and this is not just last week, it's most all
the time. They had eighty five percent of their money, Chris,
in risk, which we call red money. And when we
explain to them the power of red money green and
there's a video on my website, they sat back and
they said, well, I don't want to put it in red?
How do we get it in green? And the point
is that once we put it in green, we're able
(29:08):
to give them the income they needed on a text
favorite basis. Chris, and how did they were shocked? Like
can we do this? You can?
Speaker 3 (29:15):
Well not only shocked, but they said, well, how come
my current advisor hasn't showed me this or you know?
Now I kind of have the confidence and the stress
free environment moving forward. Now they're more in control of
their retirement as opposed to falling victim to the changes
that are going to happen. So what are you doing
about it? Let's pick up the phone. The schedule time
(29:37):
to meet with us very simply. We loved to meet
with you a three to three mag attacks. Don't forget
every Sunday on ABC TV at ten thirty am for
the Magi Tax and Financial Show. Right there on ABC
TV ten thirty am. Nice show, thirty minutes you'll see us.
You know, we have a lot of great information to
help you, and if you have any questions, just pick
up the phone schedule time to meet with us, or
(29:57):
also go to our website. Maggi tax dot Com runs
a chat box right there for you. You can just type
in your question and we can help you.
Speaker 2 (30:04):
Yeah, while they are in bed at night worrying about it.
And even if you do, and then you're gonna laugh
when I say this, get up. Go to Maggie tax
dot com. The chat box is right there. Type in
your question, we'll answer it. And that way, you know,
you don't have to lay in bed tossing and turning
and worrying and you know, getting yourself sick over it
because you need answers to questions. Chris and I are
willing and very able to help you because this is
(30:24):
something that you don't have maybe now and we can
help you out. Eight three three Magi tas. Visit our website,
Maggie Tax dot com and be sure to watch our
TV show every Sunday on ABC at ten thirty and
then on our website. There's a lot of videos there
that we have and a lot of webinars, so we're
trying to help you get educated to understand what's going
on out there in the privacy of your own home.
(30:45):
And then let's get together eight three three Magi Tax.
And by the way, you're gonna meet with Chris and
I together, so hope that helps you out a three
three Magi tax. And you're listening to the Magi Tax
and Financial Show, and don't forget every Sunday on ABC
TV at ten thirty eight, I'll watch the Maggie Tax
and Financial Show eight three to 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.
Speaker 2 (31:18):
Maggie.
Speaker 1 (31:18):
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 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
(31:41):
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 irs.
And I love this frame taxes in retirement because it's
a complex topic and I know most of you don't
understand taxes or because you go once a year to
(32:07):
your tax prepare and you just give them all the information,
they fill it in and boom, you have to figure
out what you oh or what you're going to get back.
So the debt to the irs story uncovers the risk
associated with having all, well 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 TSP. If you're federal, this is all tax
(32:29):
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, and they
(32:51):
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. Well think
about that. 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. We can
help you. Pick up the phone, schedule time to meet
with us. Eight three three maggie tax. That's eight three
to three maggie tax.
Speaker 2 (34:02):
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 my
money's being stolen. I said, no, you made thirty thousand more,
(34:24):
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. This message frame today
(34:46):
is a topic that many adviurs 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
si seconds you'll see what your retirement tax bill is
going to be. And then you know what, Chris, that's
when we start creating the bucket planning, because now we
(35:07):
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 is 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 strategically. 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 the 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 it's not a big deal,
just deal with 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 thing for you,
(37:17):
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 Maggie 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,
(37:38):
see what your tax bill 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
(37:59):
and help you 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 a roth ira ira. Maybe
you should not. And also estay planning, making sure that
every account that you have avoids probate, even your house,
and it goes to where you want to go. Get
(38:20):
the documents, make 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. Eight three to three Magi Tax. We thank
you so much for listening today eight three to three
Magi Tax.
Speaker 1 (38:43):
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
(39:05):
five twenty and tune in next Saturday at five for
the Maggie Tax and Financial Hour
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