Episode Transcript
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Speaker 1 (00:00):
All these years you've saved up planning for a secure retirement,
but if you're not careful, it will be the irs
that's living it up when you retire by taxing your
hard earned money. Welcome to the Maggie Tax and Financial
Hour with Robert and Chris Maggie of Maggie Tax Advisory
and Financial Group. With over thirty years of combined experience
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):
Hello and welcome everyone to the Maggie Tax and Financial Show,
and thanks for joining us today. My name is Robert
Maggie and I'm here with my son, Chris Maggie. Be
sure to visit our website. Maggie Tax dot Com and
click on retirement tax bill. We've been talking to a
lot of people about this. You are going to pay
taxes on your retirement accounts. Let's find out in thirty
seconds how much you're gonna pay, and then let's sit
(01:13):
down and have a conversation. Also, visit our website, Maggie
Tax dot com and don't forget. Every Sunday at ten
thirty am, we have the Maggie Tax and Financial Show.
And by the way, if you're up at four thirty,
we have it also on CBS, so we have a
lot going on. Chris today, I want to talk today
about at Maggie Tax what we do. We help a
lot of people, so I know you have a lot
to talk about, so take take it away. Kid.
Speaker 3 (01:35):
Well, welcome everyone. I'm Chris Maggie and thank you so
much for tuning into our show. And each and every
week we take our time to go over the many
different planning ideas that you have and think about complete planning.
It's time to have an income plan, it's time to
have an investment plan, it's time to have an estate plan.
And we talk about a state planning because many people
(01:55):
out there, you know many people listening today don't have
a will or a trust or of attorney. The documents
to make sure that all the money you have stays
in your family. So we do complete planning. If you
have any questions throughout today's show, pick up the phone,
give us a call a three to three Magi Tax,
or visit our website Maggie Tax dot com. That's m
a Ggi tax dot com and we can help you
(02:18):
with all these different ideas.
Speaker 2 (02:19):
And one more thing. When you visit Maggie tax dot com,
click on seminars. We do seminars every Tuesday at a library.
We educate people. I have to tell you we've had
over fifty sixty people attend each seminar and this is
a great event. It's at a library. And what Chris
just mentioned, we're talking about estate planning, enhanced planning. We
add in solid security and we also add in taxes. Well,
(02:41):
look it's up to you. We gave you all the options.
Give us a call eight three to three Magi Tax.
Let's make an appointment. Let's have a time to get
together and talk about you talk about your situation. We
want to hear what's on your mind, not what's on
our mind, so we just want to help you out
in that way. Eight three to three MAGI tax. We
help a lot of people. Some are married, some are
retired or getting ready to retire. So it doesn't matter
(03:04):
how old you were, because when it comes to setting
up your state, we can help. We help young people
and basically anyone who needs our help in learning about
tax planning, income planning, investment planning, and Chris legacy planning.
And when we do these seminars and we put these
pieces together, I think we're the only advisor talking about
every one of these topics because it's a puzzle and
(03:26):
it does connect to what they're talking about.
Speaker 3 (03:27):
Ye, And it's complete puzzle and you need to put
that together in order to have the retirement you're looking for.
Speaker 4 (03:32):
There's so many aspects to it. It's not just investments.
Speaker 3 (03:35):
It's not just go to your advisor and give them
a certain amount of money and say invest the money.
There's way more than that. Your investments cause taxes. If
your investments are not set up right, you're not going
to have enough income. Who's filling the income gap in
your retirement? What about Social Security maximization. We had a
guy come to us last week and he said, no
(03:55):
one's talking to me about how to maximize my Social
Security benefit and talked about pension and he said, you
know what, it hit him after twenty five years of working.
He's a federal employee, and he said, we have a
pension here. And then he thought about He said, he
went to Walmart the other day and he said, do
they have pensions? And then he thought about it and said,
(04:16):
my gosh, he has great benefits as a federal employee,
but many people out there don't have pension. So what
income or what future income source do you have coming
in the front door. So that's why we call it
the Maggie Plan. It's a complete plan, simple and easy
for you to understand, and we can help you in
all these different areas.
Speaker 2 (04:34):
And remember you can't play the game and not understand
the rules. So there are so many rules. What Chris
mentioned in income planning, tax planning, social security planning, legacy planning.
I know you all don't know that. So you know
I've been doing this for thirty three years. Chris has
been doing it since he's been in high school. We
understand the rules. We want to help you understand it. Also,
if you don't have a plan to know where you're going,
(04:57):
then how do you get there? So if you don't
have some I have a GPS in your system on
your car, how are you going to get there? Then
you don't have a plan. And that's the question we
ask people, do you have a plan? And they don't know.
So let's start with newly married people. Let's talk about
some tips to working together to budget as a couple.
And this is important. So a wedding is a beautiful thing,
but many couples rush into it before considering the details
(05:20):
like finances. Like I said before, you can't play the
game unless you know the rules. And roughly thirty five
to forty percent of relationships they struggle with money problems
and it's the leading cause of many divorces. And Chris,
I want to pause there. They don't know how to save,
they don't realize what they can put away if they
do a budget.
Speaker 4 (05:39):
That's exactly right.
Speaker 3 (05:40):
So that's why budget planning is important and being on
the same page and Maggie tacks, we want you to
be happily ever after and we want that to last forever.
So we're here to show you ways where you can
work together to budget as a couple, and it doesn't
matter how old you are, so number one, don't wait
to talk about finances. Finances may not be the most
(06:03):
romantic thing to talk about right before a wedding or
even in a marriage, but it's important to get the
details sorted out sooner than later, and waiting until the
problem arises before planning out of budget is never a
good idea because it may be too late. Then you
find that there's just outcomes that are just not good
for the relationship.
Speaker 2 (06:22):
And again it goes back to planning. Christ you know,
and when you talk about you know, married couples, we're
talking to everyone out there listening to our show. It
goes back to a state planning again. Do you have
a will? Do you have power of attornity? Do you
have a healthcare surrogate? Do you have a living will?
These are documents that you should have when you get married,
and what we find out, you know, at the end,
people don't have it. So you'll want to lay out
(06:43):
your income, expenses, end goals as soon as possible for
a better chance at success and happiness in your relationship.
And trust me, I'm married almost fifty years. It's not easy,
So I'm not saying that it's an easy chore, but
if you know how to play the game, it should
be a lot better. And we always talk about creating
a budget, That's what Chris mentioned before, so you know
(07:03):
where your money is going. We offer a budget sheet
so that you can start with that and then see
how we can design a plan simple and easy to understand.
Speaker 4 (07:12):
And that's just it.
Speaker 3 (07:13):
So make sure that you're listening to these different types
of things and take an action, you know, and then
the second thing you want to do is be transparent
about your money habits. You know, when discussing the details
of your finances, your personal thoughts and feelings should come
into play, so that each side has a better understanding
of how the other views their money and what's important
to even people about to retire, we see people sometimes
(07:36):
where one's a saver, one's not a saver, one's a spender.
So how do you work together, you know, and what's
your how do you feel about moving forward with budgeting
and saving? So knowing the spending and saving behaviors of
your partner can give you a better idea of how
to approach the situation and be accommodating in a way
that also aligns up with your own ideas and practices.
Speaker 2 (07:58):
See, it's not so simple when you talk about this,
but it's something that a lot of people, he said
in the beginning, don't want to sit down and talk about.
This is important to keep your marriage together and make
sure you have the finances under control. Another thing is
agree on shared financial goals. So when each partner has
drastically different financial goals, you know it can feel nearly
impossible to reach these goals because the money is being
(08:20):
spread too thin. So you have to be careful how
you spend your money. Especially today. You've got gas prices
going up, you got food prices going up, taxes are
going up. Everything's going up. So now more than ever,
you have to put a plan together to be sure
that you're going to have it there when you retire.
And if you want the satisfying feeling of reaching your
financial goals in a timely manner, you need to agree
(08:42):
on what should come first and how much money will
be put toward each budget. Don't just spend it haphazardly
because it's not going to work. So creating a priority
list can help put things into perspective so that you
and your partner can create a clear plan. And Chris,
this is where I think even older people have missed
this years ago in planning and budgeting and making the
(09:03):
savings work so that they can have a retirement and
have the things they want.
Speaker 4 (09:07):
That's it.
Speaker 3 (09:07):
You know a lot of people ask us can I retire? Well,
the biggest thing is can you pay your bills? You know,
what's your monthly budget amount that you need per month?
And if you have that amount covered by your income sources,
then you can retire. A lot of people asking me
when can I? Well, what is that number? What do
you need? When you wake up on the first of
(09:28):
the month and you go outside into the mailbox and
you grab that check that's on it, what number has
to be on there for the next thirty days? Do
you not know? And if you don't know, that's okay.
That's why you need to pick up the phone. Schedule
time to meet with us. Let's get together, let's do
the budget sheet. Let's talk about it. Because if you're
about to retire or even retired, you might have some
questions as far as well, how long is my money
(09:50):
going to last me? And that's why your investments and
how they're put together make very very much sense of
what your future is going to look like. So if
you're needing three thousand a month and you're getting solid
security of fifteen hundred, then you need to fill the
income gap for another fifteen hundred dollars a month. Well,
how are you going to get there? Well, if your
investments are set up the right way and you have
(10:10):
income streams or you set up your own family pension,
then that could go ahead and set the stage for
the guaranteed income that you need per month and the
rest of the money you can spend it. That's what
we call we talk about paychecks and play checks. A
playcheck is something that you just get every month that
you can spend because all the rest of the bills
are covered by your other income. This is what we're
(10:33):
talking about. So let's put together a plan. Pick up
the phone, schedule time to meet with us. Eight three
to three. MAGI Tax and don't forget visit our website
at Maggi tax dot com and every Sunday on ABC
TV at ten thirty for the MAGI Tax and Financial Show. Remember,
if you need a state plan, income plan, tax plan,
we can help eight three to three Magi tax. That's
eight three to three Magi 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 Maggi tax dot com or call eight one three
(11:20):
three two two twenty five twenty. That's eight one three
three two two twenty five twenty. Now your host for
the Maggie Tax and Financial Hour, father and son from
Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 2 (11:35):
Welcome back, everyone, and thanks for joining us. My name
is Robert Maggie and I'm here with my son Chris Maggie,
and you're listening to the Maggie Tax and Financial Show today.
On this segment, I want to talk about a client
that we met, and we meet many of our clients.
Because a lot of you are listening to the words
that we're saying. You are confused, your advisor is not
helping you. But this is a gentleman and his wife
that came in and they really they had a million dollars,
(11:59):
to be honest with you, and they came in and
the question we asked them is what brought them in?
And they said, well, guys, we don't know if we
can retire. We're scared. We're not sure if we're gonna
have enough money. So his biggest question was does he
have enough money to live on? He's sixty two, he's
not taking Social Security, but he can. I'm going to
have Chris talk about that in a minute. He can
(12:20):
work for another three years before he takes social Security
and no one shows him strategies and concepts, and his
conversation to us, he said that he's taking more risk
than the benchmark, and he didn't understand what that meant.
So Chris im, I'll let you talk about what we
did in terms of the Social Security report, in terms
(12:40):
of comparing what he has and showing him the difference
that he did not understand from his if you will
transactional advisor as we are institutional, I want you to
kind of go through that because this was a very
interesting couple and it was an AHA moment for them
because when they got done, they sat back and they said, wow,
we didn't know that we could do this.
Speaker 4 (13:00):
Well, that's just it.
Speaker 3 (13:01):
You know, these are live examples that we see each
and every day. And the thing about it was is
they both came in and they worked, they saved. They said,
we're savers. We did everything right. We just don't know
how to put this all together. And that's common. That's
why they come and to meet with us, because they
want to have an income plan, they want to have
an investment plan, they want to have an estate plan,
(13:22):
they want to make sure that they have a tax plan,
they want to make sure that everything's working together.
Speaker 4 (13:26):
And they made a great point.
Speaker 3 (13:28):
They said, we feel like some of our investments are
working against us, and they just didn't know what to do.
So we did evaluation. We put together a plan. As
my dad mentioned, we looked at their prior year accounts.
We analyzed the current risk and what they're currently taking,
and also the fees and different funds, and we found
out that they're invested in mutual funds. There's no active management.
(13:50):
They're taking a lot of risk. When we did our
risk tolerance, they were taking actually they were an aggressive
portfolio right now where they where they currently are at
But really when we did our risk tolerance, they're more
of a balanced portfolio. That's what they really want. They
want to be in the middle, but they're taking more
risk than what they really need to take. And this
is important because many people out there have no idea
(14:12):
what type of risk you're taking with your investments. You know,
might meet with an advisor five years ago or ten
years ago and your risk level was very aggressive. But
now what you're older and times have changed, and maybe
your risk tolerance has gone down. Maybe it's more of
a balanced portfolio or a conservative method of growing your money.
(14:33):
But when it comes down to it, they didn't know.
So we analyzed that for them the first thing we did.
And it was not how moment because they said, no
one's really looking at this, and we're approaching retirement and
the market's volatile and they don't want to go down
with it. So that was a big question that they
needed answer and we helped them out.
Speaker 1 (14:49):
Well.
Speaker 2 (14:50):
Another thing that we noticed, which was very important when
we did the comparison, she had an IRA. She had
a rough IRA. He had an ira. He had a
rough IRA. And the positions in a and you can
talk about this in a minute. They were identical, they
were the same positions. There was no management there, there
was no diversification. Ninety three percent of his money was
(15:11):
at risk. And when we talk about red money, green money,
when we showed him that in the beginning, he said, yeah,
that's bad. Yeah, of course it's bad. And he has
market risk and he's going to and he said to us,
you know, back in two thousand and two and two
thousand and eight he lost money. And Chris asked him
the question and looked him out of the eye and said,
how did that make you feel? And his answer was
(15:33):
I'm sick about it. And he said they lost so
much money that he's sick about it. And Chris said, well,
what are you going to do about it? And then
we asked the wife the same question, and she had
less risk than he did. Now, granted, you know, when
you do a risk tolerance, the risk tolerance is different,
and that's okay, But Chris, it was identical, and ninety
three percent of his money was at risk in an
(15:53):
account that lost money that he's trying to preserve for retirement.
Speaker 3 (15:57):
Wells just SAIDs he made a couple of good points here.
They been through nine to eleven. They've been through two
thousand and eight with the housing market crash, they've been
through COVID. Obviously it was a quick bounce back, so
they're okay, but I guess what now it's on the
other side and they don't want to go through this
nearing retirement. So he's sick about it. But that's what
we're talking about here, and we showed him and you
(16:17):
made a great point. When we analyzed their four different accounts,
current accounts, they had the same positions in every one
of those accounts. There's no diversification, there's no active management,
and that's why they are here and meeting with us.
So when they came in to meet with us, they said,
after we got done with the evaluation, that's what we
were looking for. Now, how do we make this better
(16:39):
so we can accomplish our retirement goals.
Speaker 2 (16:41):
So here's the biggest question that all of you and
even they led to how much money do you need
per month if you retire today? The question is how
much do you need to go to that mailbox today?
And Chris looked at it. We looked at it. I
think it was four thousand and when Chris ran the
Social Security report and his pension report, he could net
seventy five hundred more than he's making. Now, Chris, how
(17:03):
did that make him feel? Was he surprised or what?
Speaker 4 (17:05):
Well, that's just said.
Speaker 3 (17:05):
So my dad mentioned they have a million dollars well
just from their social security and their social security income
and their pension income alone will be three thousand dollars
more a month than they actually need without touching their
million dollar investment. So that was the question, Now, what
do you want your million dollars to do for you?
And they basically said, well, we don't want to lose it.
We want to keep it. We want to keep it
because if inflation happens, we want to be able to
(17:27):
tap into more of it. We want to make sure
that we leave it to our kids. We want to
do a combination of all that good stuff. And they
said that we want to eliminate or possibly reduce the
market risk. So that's what we did. We followed the income,
We solve for the income. The income was there. They've
guaranteed income in the most tax efficient way. I ran
a tax analysis to show them and guess what, they're
not paying a lot in taxes at all.
Speaker 2 (17:48):
That was great.
Speaker 3 (17:49):
So it was really cool to see that the amount
of income they're getting, and because of the way solid
security is taxed, they're going to be a low tax
bracket and have a huge amount of income, more than
they actually need in retirement. So the income was taken
care of. Now we talked about the investments, and what
we did was we allocated somebody to green money, somebody
to what we call yellow money, where we have active
management in the market. But also we show them that
(18:10):
there's a purpose with everything that they have. It's not
just about piles of money. It's about buckets of money
with a purpose. Do you want that bucket of money
to not go down, Yes, we can make that happen.
Do you want some fluctuation with that bucket, Yes, we
can manage that portfolio and do something with it. With
the indifferent portfolios that we can manage, these are things
we're talking about. So we put together not only an
(18:31):
income plan, an investment plan, and then we talk about
the estate planning. All these accounts that they have will
avoid probate and stay in the family, and that's what
they wanted. So, as my dad mentioned before, they sat
back and they said, oh my gosh, now we have
a plan.
Speaker 4 (18:44):
Now.
Speaker 3 (18:44):
We have something to be excited about and you can too,
So pick up the phone. Schedule time to meet with us.
Eight three to three Maggie Tax. Visit our website at
Maggi tax dot com. There's so much information rate there
at your fingertips. Eight three three Maggi Tax Schedule unappointment
today eight three to three Maggi 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
Maggi tax dot com or call eight one three three
(19:25):
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 (19:41):
Welcome back, and you're listening to the Maggie Tax and
Financial Show. I am Robert Maggie, and I'm here with
Chris Maggie. We've been talking about retirement planning and poor choices.
But some of the times that we meet with clients
and I always ask this question Chris dous too, but
where is it printed that you have to lose twenty
thirty or forty percent in the market? You know, we've
seen two thousand and one, two thousand and eight and
(20:01):
it goes down. And just before that happened, people were
ready to retire, you know, they were happy, they had
everything in place, and boom it hit the fan. What
did you do about it? Now it comes back? I
know what? But where is it written that you have
to have that plan? And Chris, I get really concerned
when I see people come and say, yeah, I lost
one hundred thousand and everybody did. Is that true that
(20:23):
everybody lost one hundred thousand?
Speaker 4 (20:25):
Not everybody? And you don't have to.
Speaker 3 (20:27):
But if you're in the environment where you're in red
money and it goes up and down, then yeah, you
will lose a good amount of money. And do you
want to be there? That's the thing. Do you want
to be in red money or do you want to
be in green money? Or do you want to be
in yellow money? Which is it that you want to be?
Do you even know what those are and if you don't,
that's okay. That's why we talk about the retirement Learning Library,
the language. We need to understand what it is because
(20:49):
there are strategies where you could protect yourself. You know, again,
where is it written, Where is it printed that you
have to lose twenty thirty forty percent in the market?
Speaker 4 (20:57):
You don't have to? The truth is it's not written anyone.
Speaker 1 (21:00):
You know.
Speaker 3 (21:00):
Let's discuss what we mean by poor choices because many
advisors make poor choices for their clients. Many clients have
no idea, they just make poor choices by themselves. But
many of you can contribute to a form okay or
an IRA without determining if you're receiving a worthwhile upfront
tax deduction. You know, a lot of people we hear
out there, there's many advisors as say buy term and
(21:22):
invest the difference, Well, is that the right plan?
Speaker 4 (21:24):
I don't know?
Speaker 3 (21:25):
But again, is that your situation? What if you hear
this one use tax deferral to reduce income taxes. Now
we hear this one life insurance is allows the investment.
You know, all these are ridiculously inaccurate statements because these
are tools that you can use you can use tax
deferral for your benefit. You can use life insurance for
your benefit. You can buy term insurance for your benefit.
(21:47):
You can buy certain investments for your benefit. You can
buy annuities for your benefit. There's different ones that you
can buy that make sense for your particular situation. So
when we talk about the language, meet with the right advisor.
Change your thinking to what it should be. Because now
when you change your thinking and look through the different lens,
you might see an opportunity where you should be putting
(22:07):
your money and having a plan for your retirement. A
three to three magi attacks.
Speaker 2 (22:11):
You know, all this has to do with one other word,
legislat your risk. That's because the government could change the
rules anytime they want, and they're going to and they
have been. So do you all believe the government has
your back in these scenarios? Seriously? I mean, you're on
your own. Chris mentioned before, we are in the Yo
Yo economy, So why would you believe these declarations because
that's what we were taught to believe. Folks, you got
(22:32):
to cross the line and get onto the other side
of the street and take a look from a different
lens that Chris is talking about so who do the
practices ultimately benefit? Think about that, you know, ask them.
Remember we live in a yoyo economy and that means
you're on your own. So when we say meet with
Maggie tax and talk about the Maggie Plan, because maybe
your advisor isn't talking about the plan except for stocks,
(22:53):
bonds and mutual funds and that's getting old to me.
But because we've seen so many people lose money. But
there are ways that you can still in the market
and not lose money like some people have. And the
only reason why I say that is because you don't
understand the language. And just because the majority of you
follow the herd, it doesn't mean that you have to
follow them. You know, if they're going to jump off
(23:14):
the cliff, are you going with them? Stop? Come back,
take a look at it. Maybe there's something else that
we could help you with, you know, and remember it's
the language that confuses a lot of people, Chris. So
let's take this step by step. Folks, come in, make
an appointment. Let's talk from the ground up. Let's get
everything on the table. Let's talk about what you're concerned about.
And it's a basic understanding of income planning, a tax planning,
(23:37):
retirement planning, social security planning, medicare planning, and what I'm
saying probably affects everyone listening to the show, Chris, because
there's a majority of people that one size does not fit.
Speaker 3 (23:46):
All, and that's just it, you know, getting educated, and
you're totally right. Every situation is different, and let's just
take the step by step because it's a basic understanding. Well,
let's talk about income taxes and understand this that most
financial professionals and literally all of you out there probably
have little or no understanding of how income taxes work.
Speaker 4 (24:04):
So how do we know this?
Speaker 3 (24:06):
Because we understand when we ask people what kind of
tax liability do you have? But what's your effective tax bracket?
Or how does your income or your investments correlabel your
or your tax turn A lot of people don't know.
Speaker 4 (24:17):
But think about this.
Speaker 3 (24:18):
Sixty one percent of Americans pay no federal income tax
Think about that. Sixty one percent of Americans pay no
federal income taxes, and yet they contribute to tax deductible
for one ks, tax deductible iras, four oh three v's,
and four to fifty seven plans, they get a tax
deduction on the front side, and they build that money
(24:39):
up and that pile it gets bigger and bigger. But
it could be tax a twenty percent, thirty percent, or
even forty percent on the backside.
Speaker 4 (24:45):
Is that really a good thing?
Speaker 2 (24:47):
Hold lot a second, because you this is this is
really important what Chris just said. They give you a
tax deduction because everybody says, well, I'm making too much money.
I need a tax deduction. So what do you have? Now?
Most people have a standard deduction. You can't itemize any more.
So they give you this deduction of a certain amount
that you can put into an IRA of four O
one k and that's it. There's a cap, there's a
(25:07):
ceiling on it, Chris, So they stop you. But then
on the back end, you say, for twenty or thirty
years in a tax deferred account, and now you come
to the line and you got to pay taxes on
the full amount. What's the advantage of the tax deduction
versus now paying tax again?
Speaker 3 (25:23):
Because they just didn't know what they didn't know, and
this person or these people think about it. Sixty one
percent of the people out there don't pay federal income tax,
So why are you putting money into a tax deductible environment,
you don't have to. Why not have after tax money
go in so your future is tax free. That's what
we're talking about here, tax free income. They're a strategy
(25:44):
that you can develop now to have tax free buckets.
So when they do raise taxes in the future, you
don't have to have fault. You don't have to fall
victim to them. That's what we're talking about. It's not
going to concern you. But in this situation that we're
talking about here, you follow the crowd. You the same
thing that you advisor's been doing for twenty years. Things
have changed. My gosh, why put money in tax deferred
(26:05):
investments when you don't have to? So pick up the phone,
schedule time to meet with us. Eight three three, Maggie
tax And.
Speaker 2 (26:11):
One thing you said before. We can kind of prove
what we're just discussing here if you take the time
and sit down and do a mock tax return, and
this is what I would say, and Chris and I
see this. Don't take the tax deduction. Okay, make the income,
but budget your money, you know the right way, and
put that in a tax free account for twenty or
thirty years. And I can tell you that from what
(26:33):
we've seen, you're gonna pay no taxes in retirement, so
you're in control, not controlled, Chris, how important? And I
have to stop there because people don't look at it.
They run in the fence lane, stop making the contribution,
or some people putting so much in it and they're
getting maybe a match, but they're still losing when they're
in the market, and it's not benefiting them because when
(26:53):
they get to the finish line, it's sixty five whatever
it is, they got a whole half a million million
dollar tax account at forty fifty percent.
Speaker 3 (27:02):
Help me here, Well, let's just say it. People don't
know the back end because they just want immediate gratification.
They want the tax deduction. Now you know, we talk
about tax season, they all want to pay the least
mount taxes. I get it, But again, why not put
yourself in situations where maybe you pay a little more
in tax right now, but you reap the rewards of
tax free income in the future when tax rates are
(27:23):
so much more higher. So that's why we talk about
get the Maggie plan. It's an income plan, it's a
tax plan, it's an investment plan, it's an insurance plan.
It's a state planning. That's what we do. It's called
a complete plan. If you have an incomplete plan, then
pick up the phone call us because we can complete it.
Eight three to three Maggie Tax. Get a plan that's
simple and easy for you to understand. Why, because you
(27:46):
need to understand. You need to understand what you have.
This is your money, not ours. It's your money, not
your advisors. It's your money, not your CPA's, it's your money.
Make sure that you have it allocated the right way
so you take advantage of the growth, the contribution amount bunce,
the tax free buckets, and also the tax reduction strategies.
Speaker 2 (28:05):
You know, we try to make it easy for everybody.
That's what we call it simple and easy to understand.
Visit Maggie Tax dot com. Click on the retirement calculator.
I'm challenging all of you. Do that right now or
go home or when you do it in the office,
But in thirty seconds, I can show you what your
retirement tax bill will look like and we can help.
And we call it the Maggie Plan. And I promise
(28:25):
you this it's simple and easy to understand. It's not
sharts and grabs. And past performances. It's your retirement plan,
it's your future. How do you want it to look?
So you know, I know we've done it so many
times for people and it's helped eight three to three
MAGI tax operators are standing by right now as we speak.
Tell them you want to make an appointment. There's no cost,
there's no obligation. We have offices in Saint Pete, in
(28:47):
Loots and also Palm Harveys, so it's very convenient for
all of you to come in. We could do it
on a zoom call if you feel more comfortable with it,
but either way, get an appointment and let's discuss your retirement.
Speaker 4 (28:59):
That's just it. You know, get educated me with us.
Speaker 3 (29:02):
Why because I'm sure when you do, you have clarity,
the confidence and you'll understand what you can and can't
do in your retirement and then you know what you
need to do. You need to put more away to
retire or can you retire now? Met with a gentleman
last week and he basically just cried in our office
and we understand and understand why why Because he was
(29:24):
got to the point where he thought all he had
to do is go to work everything and continue to
save and save and save and save and save. And
he said, I got about six more years because I
have to get to a certain dollar amount. And we
sat back and I said, let me show you that
you can retire today, and you can have guaranteed income
and you can do everything you want to do. You
don't have to shoot for that number like he was
taught twenty five years ago. What he can do now
(29:48):
if he puts his money in the right buckets, says,
have a purpose with everything. He can have the income
bucket coming in for the rest of his life. He
can have play checks where he can spend those amounts
of money each and every month on whatever he wants.
He can have buckets of money that he would draw
his money to go on a cruise or to or
a trip to another country. Whatever he wants to do,
(30:10):
he can have it. But now he can do that
because he has a plan. He understands what his money's
going to do for him, and also he understands what
his tax turns going to look like in retirement. So
now he knows he's in an effective tax bracket of
twelve percent. He doesn't have to pay anymore. He's set,
but all the money he gets, it's all net of taxes,
and that's what his main concern was. I want to retire,
(30:33):
I want income, I want buckets of money, and I
want access it if I need to. So you can too,
pick up the phone schedule time to meet with us
a three to three Maggie Tax and again that's eight
three to three Magi Tax.
Speaker 1 (30:46):
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
(31:07):
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 (31:23):
Welcome back and thanks for joining us today and I
hope you learn a lot from today. We have a
lot to discuss with you. Please go to our website,
Maggie Tax dot com and register for the seminars that
are coming up on tax planning, on social security, on
a state planning. Questions that you have we can answer.
Give us a call eight three three, Maggie tax. There
are operators standing by right now. It's up to you.
Speaker 4 (31:43):
Can we call it a three and one? Don't we?
Speaker 2 (31:45):
We call it a three and one. That's a good point.
I forgot so three and one. Yeah, tax planning, a
state planning, social security. And there's no one that I
know that's doing three in one. And this is an
educational event. It's about you understanding the language. So we
talk about a lot of things. You know, your retirement
tax score one is it? You know how it pertains
to taxes because you're going to be paying a lot
in taxes somewhere. You're going to be paying taxes somewhere.
(32:07):
But how much are you going to pay? We don't know.
You know, how are your assets tax when you know? Chris.
One thing that we always get when a client comes
in and shows us their statement on the bottom, it
says consult with a tax advisor, right so, And the
reason why we say that is because what we see
on that form is they're taking money from a taxable
account to create a tax and they don't need to
(32:28):
if there's an account that's already been taxed.
Speaker 4 (32:30):
Think of it this way.
Speaker 3 (32:31):
If you have your left hand, that's account that's infected
with taxes, and then you have the right hand, which
is tax free. So think of about it. Would you
want to put your hard earned assets in your left
hand where it's weak and it doesn't have really strength
and that's where it's infected to a tax or would
you rather put your strong, valuable possessions in your right
hand where it's strong, you know you can squeeze it.
(32:54):
You have the ability to have tax free money. That's
what we're talking about here. So think about your retirement
accounts today, get when you leave for the weekend, and
you think about doing things during the week and after
today's show, it's so important that you understand where your
money is. Do you have accounts that are infected with
taxes that you're living in a question mark tax environment?
(33:16):
Who wants to live in an environment where it's cloudy
all day, right, and you don't know if it's going
to rain, Well, that's the same thing. You don't know
what's going to rain on your investments, and when it does,
it could be really really hard because they change the
legislative risk where there's more taxes to pay. I'd rather
be in a sunny Florida where the clear skies and
there's no rain, knowing that you can put a smile
(33:38):
on your face, and that's the retirement that I want.
You can have that too, if your accounts are put
into position where they're safe, where you have protection against
tax risk and also investment risk, and you can take
income for the rest of your life. That's what we're
talking about today. Putting together your financial puzzle. Make sure
it's right. We all put together puzzles in the past.
We all know that when you're done putting the puzzle together,
(34:01):
it makes yourself feel really good, but that one or
two missing pieces really upsets you. So put together the
retirement puzzle for you, and we can help you the
tax side of it, the income puzzle piece, the investment
puzzle piece, the estate planning puzzle piece, the solid security
maximization puzzle piece. Let's put it all together so you
can put a smile on your face for retirement. So
(34:23):
schedule time to meet with us. Eight three to three,
Maggie tax that's eight three to three Maggie, tax I
have a question for you.
Speaker 2 (34:28):
You've done puzzles before and every time, like you and
your brother did a puzzle and we got to the end,
it was a piece missing. How hard did we search
for that piece that's missing? We went absolutely positively. What nuts?
We looked under the table, we looked in the box,
we looked all over, because that puzzle is not complete
(34:49):
without that final piece exactly, and you mentioned it. What's
the final piece? Is it taxes? Is it legislative risk,
is it solid security? Is it market risk? What is it?
Is it a state planning risk? What's the missing piece?
Speaker 3 (35:02):
Chris, great point, and that's why many people out there.
The tax piece is the missing piece. The investment piece
is the missing piece. The guaranteed income streams are missing
is a missing piece. The estate planning side is the
missing piece. So what are you doing to put it together?
And you might have multiple missing pieces for your financial retirement,
and that's what's holding you back. That's what gives you
(35:24):
the uncertainty. That's what doesn't give you the confidence. That's
what doesn't give you the clarity. You want the clarity,
the confidence going into retirement. Why because you have stuff
to fall back on. No one wants to go back
to work in retirement, and we've seen it, and you
don't have to. It doesn't have to be if you
put everything together. So pick up the phone, schedule time
to meet with us. Let's put together your financial pieces.
(35:45):
Let's put that puzzle together and go ahead, and let's
glue it at the end so it makes sure that
it's protected for yourself. Eight three to three Maggie tax.
Let's do this for you. Eight three to three Maggie tax.
Speaker 2 (35:55):
You know, we call it the Maggie Plan. It's simple
and easy to understand, and it should be your plan.
It should be the Smith plan, the Jones plan, whatever.
And that's the point we're trying to make because if
you don't have a plan, the government has a plan
for you, and that's not the plan that you want
because it's going to be taxed. You don't even know
if the assets are going to be passed on to
your beneficiaries, and it goes through probate and then it
(36:17):
goes through that long process and then many of you
listening today right now will probably shaking your head saying,
you know he's right, Well, now is the time to
do something about it. Come in and meet with us
and go to my seminar. Come to the seminar and
look at the estate planning and the taxes and the
Social security and get a better understanding of what you
can do, and you do it. You don't have to
be told what to do. I know many times when
(36:39):
you're told what to do, you don't like it. Don't
tell me what to do. Let me understand before I
do anything, right. I mean, I used to yell at
you guys all the time, but used to walk away
from me and say, dad, chill. You know you don't
get it right.
Speaker 3 (36:50):
But once you understand, when you get older, why you're
saying what you're saying, it makes total sense. And that's
where we're out today. Right, when's the last class you
had on your retirement and how to put out together?
To be honest with you, there's no classes out there.
They don't teach this stuff in high school. They don't
teach this stuff with us. Yes, you're right, but most
people they work all day, you know, the college, they
(37:13):
don't teach this stuff. Stuff should be taught in elementary
and middle school and high school.
Speaker 2 (37:18):
Right.
Speaker 3 (37:18):
It just makes us all stronger. But at the end
of the day, it's not. So we're put into this
environment where you need to control your retirement. We're in
a yoo economy. You're on your own, but you don't
have to be if you have the right resources. And
that's what we do. When you're coming to meet with us.
Let's get together, let's have a conversation. That's why we
call it the Maggie Plan. It's tax planning piece, it's
the income planning piece. Let's put together play checks, play
(37:42):
checks and paychecks. My gosh, think about how many paychecks
do you want and play checks coming in the front
door every month for the rest of your life. That's
a great income plan. What about your investment plan? You know,
make sure that you have investments with different risk tolerances
and maximizing it with the potential for the market gains
but also the market losses. Make sure you protect those.
(38:04):
What about your tax risk Make sure that you're in
control of the future legislation. So pick up the phone,
schedule time to meet with us. We thank you so
much for listening today. Eight three to three Maggie tax
schedule time to meet with us. We look forward to
meeting with you.
Speaker 4 (38:17):
A three three Maggie Tax.
Speaker 1 (38:20):
You've been listening to the Maggie Tax and Financial Hour
discussing tax planning investment strategies, presented by Robert and Chris
Maggie from Maggie Tax Advisory and Financial Services with offices
in Hillsborough and Pinellas County. Visit Maggie Tax dot com
or call eight one three three two two twenty five twenty.
That's eight one three three two two twenty five twenty
(38:42):
and tune in next Saturday at five for the Maggie
Tax and Financial Hour
All these years you've saved up planning for a secure retirement,
but if you're not careful, it will be the irs
that's living it up when you retire by taxing your
hard earned money. Welcome to the Maggie Tax and Financial
Hour with Robert and Chris Maggie of Maggie Tax Advisory
and Financial Group. With over thirty years of combined experience
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):
Hello and welcome everyone to the Maggie Tax and Financial Show,
and thanks for joining us today. My name is Robert
Maggie and I'm here with my son, Chris Maggie. Be
sure to visit our website. Maggie Tax dot Com and
click on retirement tax bill. We've been talking to a
lot of people about this. You are going to pay
taxes on your retirement accounts. Let's find out in thirty
seconds how much you're gonna pay, and then let's sit
(01:13):
down and have a conversation. Also, visit our website, Maggie
Tax dot com and don't forget. Every Sunday at ten
thirty am, we have the Maggie Tax and Financial Show.
And by the way, if you're up at four thirty,
we have it also on CBS, so we have a
lot going on. Chris today, I want to talk today
about at Maggie Tax what we do. We help a
lot of people, so I know you have a lot
to talk about, so take take it away. Kid.
Speaker 3 (01:35):
Well, welcome everyone. I'm Chris Maggie and thank you so
much for tuning into our show. And each and every
week we take our time to go over the many
different planning ideas that you have and think about complete planning.
It's time to have an income plan, it's time to
have an investment plan, it's time to have an estate plan.
And we talk about a state planning because many people
(01:55):
out there, you know many people listening today don't have
a will or a trust or of attorney. The documents
to make sure that all the money you have stays
in your family. So we do complete planning. If you
have any questions throughout today's show, pick up the phone,
give us a call a three to three Magi Tax,
or visit our website Maggie Tax dot com. That's m
a Ggi tax dot com and we can help you
(02:18):
with all these different ideas.
Speaker 2 (02:19):
And one more thing. When you visit Maggie tax dot com,
click on seminars. We do seminars every Tuesday at a library.
We educate people. I have to tell you we've had
over fifty sixty people attend each seminar and this is
a great event. It's at a library. And what Chris
just mentioned, we're talking about estate planning, enhanced planning. We
add in solid security and we also add in taxes. Well,
(02:41):
look it's up to you. We gave you all the options.
Give us a call eight three to three Magi Tax.
Let's make an appointment. Let's have a time to get
together and talk about you talk about your situation. We
want to hear what's on your mind, not what's on
our mind, so we just want to help you out
in that way. Eight three to three MAGI tax. We
help a lot of people. Some are married, some are
retired or getting ready to retire. So it doesn't matter
(03:04):
how old you were, because when it comes to setting
up your state, we can help. We help young people
and basically anyone who needs our help in learning about
tax planning, income planning, investment planning, and Chris legacy planning.
And when we do these seminars and we put these
pieces together, I think we're the only advisor talking about
every one of these topics because it's a puzzle and
(03:26):
it does connect to what they're talking about.
Speaker 3 (03:27):
Ye, And it's complete puzzle and you need to put
that together in order to have the retirement you're looking for.
Speaker 4 (03:32):
There's so many aspects to it. It's not just investments.
Speaker 3 (03:35):
It's not just go to your advisor and give them
a certain amount of money and say invest the money.
There's way more than that. Your investments cause taxes. If
your investments are not set up right, you're not going
to have enough income. Who's filling the income gap in
your retirement? What about Social Security maximization. We had a
guy come to us last week and he said, no
(03:55):
one's talking to me about how to maximize my Social
Security benefit and talked about pension and he said, you
know what, it hit him after twenty five years of working.
He's a federal employee, and he said, we have a
pension here. And then he thought about He said, he
went to Walmart the other day and he said, do
they have pensions? And then he thought about it and said,
(04:16):
my gosh, he has great benefits as a federal employee,
but many people out there don't have pension. So what
income or what future income source do you have coming
in the front door. So that's why we call it
the Maggie Plan. It's a complete plan, simple and easy
for you to understand, and we can help you in
all these different areas.
Speaker 2 (04:34):
And remember you can't play the game and not understand
the rules. So there are so many rules. What Chris
mentioned in income planning, tax planning, social security planning, legacy planning.
I know you all don't know that. So you know
I've been doing this for thirty three years. Chris has
been doing it since he's been in high school. We
understand the rules. We want to help you understand it. Also,
if you don't have a plan to know where you're going,
(04:57):
then how do you get there? So if you don't
have some I have a GPS in your system on
your car, how are you going to get there? Then
you don't have a plan. And that's the question we
ask people, do you have a plan? And they don't know.
So let's start with newly married people. Let's talk about
some tips to working together to budget as a couple.
And this is important. So a wedding is a beautiful thing,
but many couples rush into it before considering the details
(05:20):
like finances. Like I said before, you can't play the
game unless you know the rules. And roughly thirty five
to forty percent of relationships they struggle with money problems
and it's the leading cause of many divorces. And Chris,
I want to pause there. They don't know how to save,
they don't realize what they can put away if they
do a budget.
Speaker 4 (05:39):
That's exactly right.
Speaker 3 (05:40):
So that's why budget planning is important and being on
the same page and Maggie tacks, we want you to
be happily ever after and we want that to last forever.
So we're here to show you ways where you can
work together to budget as a couple, and it doesn't
matter how old you are, so number one, don't wait
to talk about finances. Finances may not be the most
(06:03):
romantic thing to talk about right before a wedding or
even in a marriage, but it's important to get the
details sorted out sooner than later, and waiting until the
problem arises before planning out of budget is never a
good idea because it may be too late. Then you
find that there's just outcomes that are just not good
for the relationship.
Speaker 2 (06:22):
And again it goes back to planning. Christ you know,
and when you talk about you know, married couples, we're
talking to everyone out there listening to our show. It
goes back to a state planning again. Do you have
a will? Do you have power of attornity? Do you
have a healthcare surrogate? Do you have a living will?
These are documents that you should have when you get married,
and what we find out, you know, at the end,
people don't have it. So you'll want to lay out
(06:43):
your income, expenses, end goals as soon as possible for
a better chance at success and happiness in your relationship.
And trust me, I'm married almost fifty years. It's not easy,
So I'm not saying that it's an easy chore, but
if you know how to play the game, it should
be a lot better. And we always talk about creating
a budget, That's what Chris mentioned before, so you know
(07:03):
where your money is going. We offer a budget sheet
so that you can start with that and then see
how we can design a plan simple and easy to understand.
Speaker 4 (07:12):
And that's just it.
Speaker 3 (07:13):
So make sure that you're listening to these different types
of things and take an action, you know, and then
the second thing you want to do is be transparent
about your money habits. You know, when discussing the details
of your finances, your personal thoughts and feelings should come
into play, so that each side has a better understanding
of how the other views their money and what's important
to even people about to retire, we see people sometimes
(07:36):
where one's a saver, one's not a saver, one's a spender.
So how do you work together, you know, and what's
your how do you feel about moving forward with budgeting
and saving? So knowing the spending and saving behaviors of
your partner can give you a better idea of how
to approach the situation and be accommodating in a way
that also aligns up with your own ideas and practices.
Speaker 2 (07:58):
See, it's not so simple when you talk about this,
but it's something that a lot of people, he said
in the beginning, don't want to sit down and talk about.
This is important to keep your marriage together and make
sure you have the finances under control. Another thing is
agree on shared financial goals. So when each partner has
drastically different financial goals, you know it can feel nearly
impossible to reach these goals because the money is being
(08:20):
spread too thin. So you have to be careful how
you spend your money. Especially today. You've got gas prices
going up, you got food prices going up, taxes are
going up. Everything's going up. So now more than ever,
you have to put a plan together to be sure
that you're going to have it there when you retire.
And if you want the satisfying feeling of reaching your
financial goals in a timely manner, you need to agree
(08:42):
on what should come first and how much money will
be put toward each budget. Don't just spend it haphazardly
because it's not going to work. So creating a priority
list can help put things into perspective so that you
and your partner can create a clear plan. And Chris,
this is where I think even older people have missed
this years ago in planning and budgeting and making the
(09:03):
savings work so that they can have a retirement and
have the things they want.
Speaker 4 (09:07):
That's it.
Speaker 3 (09:07):
You know a lot of people ask us can I retire? Well,
the biggest thing is can you pay your bills? You know,
what's your monthly budget amount that you need per month?
And if you have that amount covered by your income sources,
then you can retire. A lot of people asking me
when can I? Well, what is that number? What do
you need? When you wake up on the first of
(09:28):
the month and you go outside into the mailbox and
you grab that check that's on it, what number has
to be on there for the next thirty days? Do
you not know? And if you don't know, that's okay.
That's why you need to pick up the phone. Schedule
time to meet with us. Let's get together, let's do
the budget sheet. Let's talk about it. Because if you're
about to retire or even retired, you might have some
questions as far as well, how long is my money
(09:50):
going to last me? And that's why your investments and
how they're put together make very very much sense of
what your future is going to look like. So if
you're needing three thousand a month and you're getting solid
security of fifteen hundred, then you need to fill the
income gap for another fifteen hundred dollars a month. Well,
how are you going to get there? Well, if your
investments are set up the right way and you have
(10:10):
income streams or you set up your own family pension,
then that could go ahead and set the stage for
the guaranteed income that you need per month and the
rest of the money you can spend it. That's what
we call we talk about paychecks and play checks. A
playcheck is something that you just get every month that
you can spend because all the rest of the bills
are covered by your other income. This is what we're
(10:33):
talking about. So let's put together a plan. Pick up
the phone, schedule time to meet with us. Eight three
to three. MAGI Tax and don't forget visit our website
at Maggi tax dot com and every Sunday on ABC
TV at ten thirty for the MAGI Tax and Financial Show. Remember,
if you need a state plan, income plan, tax plan,
we can help eight three to three Magi tax. That's
eight three to three Magi 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 Maggi tax dot com or call eight one three
(11:20):
three two two twenty five twenty. That's eight one three
three two two twenty five twenty. Now your host for
the Maggie Tax and Financial Hour, father and son from
Maggie Tax Advisory and Financial Group, Robert and Chris Maggie.
Speaker 2 (11:35):
Welcome back, everyone, and thanks for joining us. My name
is Robert Maggie and I'm here with my son Chris Maggie,
and you're listening to the Maggie Tax and Financial Show today.
On this segment, I want to talk about a client
that we met, and we meet many of our clients.
Because a lot of you are listening to the words
that we're saying. You are confused, your advisor is not
helping you. But this is a gentleman and his wife
that came in and they really they had a million dollars,
(11:59):
to be honest with you, and they came in and
the question we asked them is what brought them in?
And they said, well, guys, we don't know if we
can retire. We're scared. We're not sure if we're gonna
have enough money. So his biggest question was does he
have enough money to live on? He's sixty two, he's
not taking Social Security, but he can. I'm going to
have Chris talk about that in a minute. He can
(12:20):
work for another three years before he takes social Security
and no one shows him strategies and concepts, and his
conversation to us, he said that he's taking more risk
than the benchmark, and he didn't understand what that meant.
So Chris im, I'll let you talk about what we
did in terms of the Social Security report, in terms
(12:40):
of comparing what he has and showing him the difference
that he did not understand from his if you will
transactional advisor as we are institutional, I want you to
kind of go through that because this was a very
interesting couple and it was an AHA moment for them
because when they got done, they sat back and they said, wow,
we didn't know that we could do this.
Speaker 4 (13:00):
Well, that's just it.
Speaker 3 (13:01):
You know, these are live examples that we see each
and every day. And the thing about it was is
they both came in and they worked, they saved. They said,
we're savers. We did everything right. We just don't know
how to put this all together. And that's common. That's
why they come and to meet with us, because they
want to have an income plan, they want to have
an investment plan, they want to have an estate plan,
(13:22):
they want to make sure that they have a tax plan,
they want to make sure that everything's working together.
Speaker 4 (13:26):
And they made a great point.
Speaker 3 (13:28):
They said, we feel like some of our investments are
working against us, and they just didn't know what to do.
So we did evaluation. We put together a plan. As
my dad mentioned, we looked at their prior year accounts.
We analyzed the current risk and what they're currently taking,
and also the fees and different funds, and we found
out that they're invested in mutual funds. There's no active management.
(13:50):
They're taking a lot of risk. When we did our
risk tolerance, they were taking actually they were an aggressive
portfolio right now where they where they currently are at
But really when we did our risk tolerance, they're more
of a balanced portfolio. That's what they really want. They
want to be in the middle, but they're taking more
risk than what they really need to take. And this
is important because many people out there have no idea
(14:12):
what type of risk you're taking with your investments. You know,
might meet with an advisor five years ago or ten
years ago and your risk level was very aggressive. But
now what you're older and times have changed, and maybe
your risk tolerance has gone down. Maybe it's more of
a balanced portfolio or a conservative method of growing your money.
(14:33):
But when it comes down to it, they didn't know.
So we analyzed that for them the first thing we did.
And it was not how moment because they said, no
one's really looking at this, and we're approaching retirement and
the market's volatile and they don't want to go down
with it. So that was a big question that they
needed answer and we helped them out.
Speaker 1 (14:49):
Well.
Speaker 2 (14:50):
Another thing that we noticed, which was very important when
we did the comparison, she had an IRA. She had
a rough IRA. He had an ira. He had a
rough IRA. And the positions in a and you can
talk about this in a minute. They were identical, they
were the same positions. There was no management there, there
was no diversification. Ninety three percent of his money was
(15:11):
at risk. And when we talk about red money, green money,
when we showed him that in the beginning, he said, yeah,
that's bad. Yeah, of course it's bad. And he has
market risk and he's going to and he said to us,
you know, back in two thousand and two and two
thousand and eight he lost money. And Chris asked him
the question and looked him out of the eye and said,
how did that make you feel? And his answer was
(15:33):
I'm sick about it. And he said they lost so
much money that he's sick about it. And Chris said, well,
what are you going to do about it? And then
we asked the wife the same question, and she had
less risk than he did. Now, granted, you know, when
you do a risk tolerance, the risk tolerance is different,
and that's okay, But Chris, it was identical, and ninety
three percent of his money was at risk in an
(15:53):
account that lost money that he's trying to preserve for retirement.
Speaker 3 (15:57):
Wells just SAIDs he made a couple of good points here.
They been through nine to eleven. They've been through two
thousand and eight with the housing market crash, they've been
through COVID. Obviously it was a quick bounce back, so
they're okay, but I guess what now it's on the
other side and they don't want to go through this
nearing retirement. So he's sick about it. But that's what
we're talking about here, and we showed him and you
(16:17):
made a great point. When we analyzed their four different accounts,
current accounts, they had the same positions in every one
of those accounts. There's no diversification, there's no active management,
and that's why they are here and meeting with us.
So when they came in to meet with us, they said,
after we got done with the evaluation, that's what we
were looking for. Now, how do we make this better
(16:39):
so we can accomplish our retirement goals.
Speaker 2 (16:41):
So here's the biggest question that all of you and
even they led to how much money do you need
per month if you retire today? The question is how
much do you need to go to that mailbox today?
And Chris looked at it. We looked at it. I
think it was four thousand and when Chris ran the
Social Security report and his pension report, he could net
seventy five hundred more than he's making. Now, Chris, how
(17:03):
did that make him feel? Was he surprised or what?
Speaker 4 (17:05):
Well, that's just said.
Speaker 3 (17:05):
So my dad mentioned they have a million dollars well
just from their social security and their social security income
and their pension income alone will be three thousand dollars
more a month than they actually need without touching their
million dollar investment. So that was the question, Now, what
do you want your million dollars to do for you?
And they basically said, well, we don't want to lose it.
We want to keep it. We want to keep it
because if inflation happens, we want to be able to
(17:27):
tap into more of it. We want to make sure
that we leave it to our kids. We want to
do a combination of all that good stuff. And they
said that we want to eliminate or possibly reduce the
market risk. So that's what we did. We followed the income,
We solve for the income. The income was there. They've
guaranteed income in the most tax efficient way. I ran
a tax analysis to show them and guess what, they're
not paying a lot in taxes at all.
Speaker 2 (17:48):
That was great.
Speaker 3 (17:49):
So it was really cool to see that the amount
of income they're getting, and because of the way solid
security is taxed, they're going to be a low tax
bracket and have a huge amount of income, more than
they actually need in retirement. So the income was taken
care of. Now we talked about the investments, and what
we did was we allocated somebody to green money, somebody
to what we call yellow money, where we have active
management in the market. But also we show them that
(18:10):
there's a purpose with everything that they have. It's not
just about piles of money. It's about buckets of money
with a purpose. Do you want that bucket of money
to not go down, Yes, we can make that happen.
Do you want some fluctuation with that bucket, Yes, we
can manage that portfolio and do something with it. With
the indifferent portfolios that we can manage, these are things
we're talking about. So we put together not only an
(18:31):
income plan, an investment plan, and then we talk about
the estate planning. All these accounts that they have will
avoid probate and stay in the family, and that's what
they wanted. So, as my dad mentioned before, they sat
back and they said, oh my gosh, now we have
a plan.
Speaker 4 (18:44):
Now.
Speaker 3 (18:44):
We have something to be excited about and you can too,
So pick up the phone. Schedule time to meet with us.
Eight three to three Maggie Tax. Visit our website at
Maggi tax dot com. There's so much information rate there
at your fingertips. Eight three three Maggi Tax Schedule unappointment
today eight three to three Maggi 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
Maggi tax dot com or call eight one three three
(19:25):
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 (19:41):
Welcome back, and you're listening to the Maggie Tax and
Financial Show. I am Robert Maggie, and I'm here with
Chris Maggie. We've been talking about retirement planning and poor choices.
But some of the times that we meet with clients
and I always ask this question Chris dous too, but
where is it printed that you have to lose twenty
thirty or forty percent in the market? You know, we've
seen two thousand and one, two thousand and eight and
(20:01):
it goes down. And just before that happened, people were
ready to retire, you know, they were happy, they had
everything in place, and boom it hit the fan. What
did you do about it? Now it comes back? I
know what? But where is it written that you have
to have that plan? And Chris, I get really concerned
when I see people come and say, yeah, I lost
one hundred thousand and everybody did. Is that true that
(20:23):
everybody lost one hundred thousand?
Speaker 4 (20:25):
Not everybody? And you don't have to.
Speaker 3 (20:27):
But if you're in the environment where you're in red
money and it goes up and down, then yeah, you
will lose a good amount of money. And do you
want to be there? That's the thing. Do you want
to be in red money or do you want to
be in green money? Or do you want to be
in yellow money? Which is it that you want to be?
Do you even know what those are and if you don't,
that's okay. That's why we talk about the retirement Learning Library,
the language. We need to understand what it is because
(20:49):
there are strategies where you could protect yourself. You know, again,
where is it written, Where is it printed that you
have to lose twenty thirty forty percent in the market?
Speaker 4 (20:57):
You don't have to? The truth is it's not written anyone.
Speaker 1 (21:00):
You know.
Speaker 3 (21:00):
Let's discuss what we mean by poor choices because many
advisors make poor choices for their clients. Many clients have
no idea, they just make poor choices by themselves. But
many of you can contribute to a form okay or
an IRA without determining if you're receiving a worthwhile upfront
tax deduction. You know, a lot of people we hear
out there, there's many advisors as say buy term and
(21:22):
invest the difference, Well, is that the right plan?
Speaker 4 (21:24):
I don't know?
Speaker 3 (21:25):
But again, is that your situation? What if you hear
this one use tax deferral to reduce income taxes. Now
we hear this one life insurance is allows the investment.
You know, all these are ridiculously inaccurate statements because these
are tools that you can use you can use tax
deferral for your benefit. You can use life insurance for
your benefit. You can buy term insurance for your benefit.
(21:47):
You can buy certain investments for your benefit. You can
buy annuities for your benefit. There's different ones that you
can buy that make sense for your particular situation. So
when we talk about the language, meet with the right advisor.
Change your thinking to what it should be. Because now
when you change your thinking and look through the different lens,
you might see an opportunity where you should be putting
(22:07):
your money and having a plan for your retirement. A
three to three magi attacks.
Speaker 2 (22:11):
You know, all this has to do with one other word,
legislat your risk. That's because the government could change the
rules anytime they want, and they're going to and they
have been. So do you all believe the government has
your back in these scenarios? Seriously? I mean, you're on
your own. Chris mentioned before, we are in the Yo
Yo economy, So why would you believe these declarations because
that's what we were taught to believe. Folks, you got
(22:32):
to cross the line and get onto the other side
of the street and take a look from a different
lens that Chris is talking about so who do the
practices ultimately benefit? Think about that, you know, ask them.
Remember we live in a yoyo economy and that means
you're on your own. So when we say meet with
Maggie tax and talk about the Maggie Plan, because maybe
your advisor isn't talking about the plan except for stocks,
(22:53):
bonds and mutual funds and that's getting old to me.
But because we've seen so many people lose money. But
there are ways that you can still in the market
and not lose money like some people have. And the
only reason why I say that is because you don't
understand the language. And just because the majority of you
follow the herd, it doesn't mean that you have to
follow them. You know, if they're going to jump off
(23:14):
the cliff, are you going with them? Stop? Come back,
take a look at it. Maybe there's something else that
we could help you with, you know, and remember it's
the language that confuses a lot of people, Chris. So
let's take this step by step. Folks, come in, make
an appointment. Let's talk from the ground up. Let's get
everything on the table. Let's talk about what you're concerned about.
And it's a basic understanding of income planning, a tax planning,
(23:37):
retirement planning, social security planning, medicare planning, and what I'm
saying probably affects everyone listening to the show, Chris, because
there's a majority of people that one size does not fit.
Speaker 3 (23:46):
All, and that's just it, you know, getting educated, and
you're totally right. Every situation is different, and let's just
take the step by step because it's a basic understanding. Well,
let's talk about income taxes and understand this that most
financial professionals and literally all of you out there probably
have little or no understanding of how income taxes work.
Speaker 4 (24:04):
So how do we know this?
Speaker 3 (24:06):
Because we understand when we ask people what kind of
tax liability do you have? But what's your effective tax bracket?
Or how does your income or your investments correlabel your
or your tax turn A lot of people don't know.
Speaker 4 (24:17):
But think about this.
Speaker 3 (24:18):
Sixty one percent of Americans pay no federal income tax
Think about that. Sixty one percent of Americans pay no
federal income taxes, and yet they contribute to tax deductible
for one ks, tax deductible iras, four oh three v's,
and four to fifty seven plans, they get a tax
deduction on the front side, and they build that money
(24:39):
up and that pile it gets bigger and bigger. But
it could be tax a twenty percent, thirty percent, or
even forty percent on the backside.
Speaker 4 (24:45):
Is that really a good thing?
Speaker 2 (24:47):
Hold lot a second, because you this is this is
really important what Chris just said. They give you a
tax deduction because everybody says, well, I'm making too much money.
I need a tax deduction. So what do you have? Now?
Most people have a standard deduction. You can't itemize any more.
So they give you this deduction of a certain amount
that you can put into an IRA of four O
one k and that's it. There's a cap, there's a
(25:07):
ceiling on it, Chris, So they stop you. But then
on the back end, you say, for twenty or thirty
years in a tax deferred account, and now you come
to the line and you got to pay taxes on
the full amount. What's the advantage of the tax deduction
versus now paying tax again?
Speaker 3 (25:23):
Because they just didn't know what they didn't know, and
this person or these people think about it. Sixty one
percent of the people out there don't pay federal income tax,
So why are you putting money into a tax deductible environment,
you don't have to. Why not have after tax money
go in so your future is tax free. That's what
we're talking about here, tax free income. They're a strategy
(25:44):
that you can develop now to have tax free buckets.
So when they do raise taxes in the future, you
don't have to have fault. You don't have to fall
victim to them. That's what we're talking about. It's not
going to concern you. But in this situation that we're
talking about here, you follow the crowd. You the same
thing that you advisor's been doing for twenty years. Things
have changed. My gosh, why put money in tax deferred
(26:05):
investments when you don't have to? So pick up the phone,
schedule time to meet with us. Eight three three, Maggie
tax And.
Speaker 2 (26:11):
One thing you said before. We can kind of prove
what we're just discussing here if you take the time
and sit down and do a mock tax return, and
this is what I would say, and Chris and I
see this. Don't take the tax deduction. Okay, make the income,
but budget your money, you know the right way, and
put that in a tax free account for twenty or
thirty years. And I can tell you that from what
(26:33):
we've seen, you're gonna pay no taxes in retirement, so
you're in control, not controlled, Chris, how important? And I
have to stop there because people don't look at it.
They run in the fence lane, stop making the contribution,
or some people putting so much in it and they're
getting maybe a match, but they're still losing when they're
in the market, and it's not benefiting them because when
(26:53):
they get to the finish line, it's sixty five whatever
it is, they got a whole half a million million
dollar tax account at forty fifty percent.
Speaker 3 (27:02):
Help me here, Well, let's just say it. People don't
know the back end because they just want immediate gratification.
They want the tax deduction. Now you know, we talk
about tax season, they all want to pay the least
mount taxes. I get it, But again, why not put
yourself in situations where maybe you pay a little more
in tax right now, but you reap the rewards of
tax free income in the future when tax rates are
(27:23):
so much more higher. So that's why we talk about
get the Maggie plan. It's an income plan, it's a
tax plan, it's an investment plan, it's an insurance plan.
It's a state planning. That's what we do. It's called
a complete plan. If you have an incomplete plan, then
pick up the phone call us because we can complete it.
Eight three to three Maggie Tax. Get a plan that's
simple and easy for you to understand. Why, because you
(27:46):
need to understand. You need to understand what you have.
This is your money, not ours. It's your money, not
your advisors. It's your money, not your CPA's, it's your money.
Make sure that you have it allocated the right way
so you take advantage of the growth, the contribution amount bunce,
the tax free buckets, and also the tax reduction strategies.
Speaker 2 (28:05):
You know, we try to make it easy for everybody.
That's what we call it simple and easy to understand.
Visit Maggie Tax dot com. Click on the retirement calculator.
I'm challenging all of you. Do that right now or
go home or when you do it in the office,
But in thirty seconds, I can show you what your
retirement tax bill will look like and we can help.
And we call it the Maggie Plan. And I promise
(28:25):
you this it's simple and easy to understand. It's not
sharts and grabs. And past performances. It's your retirement plan,
it's your future. How do you want it to look?
So you know, I know we've done it so many
times for people and it's helped eight three to three
MAGI tax operators are standing by right now as we speak.
Tell them you want to make an appointment. There's no cost,
there's no obligation. We have offices in Saint Pete, in
(28:47):
Loots and also Palm Harveys, so it's very convenient for
all of you to come in. We could do it
on a zoom call if you feel more comfortable with it,
but either way, get an appointment and let's discuss your retirement.
Speaker 4 (28:59):
That's just it. You know, get educated me with us.
Speaker 3 (29:02):
Why because I'm sure when you do, you have clarity,
the confidence and you'll understand what you can and can't
do in your retirement and then you know what you
need to do. You need to put more away to
retire or can you retire now? Met with a gentleman
last week and he basically just cried in our office
and we understand and understand why why Because he was
(29:24):
got to the point where he thought all he had
to do is go to work everything and continue to
save and save and save and save and save. And
he said, I got about six more years because I
have to get to a certain dollar amount. And we
sat back and I said, let me show you that
you can retire today, and you can have guaranteed income
and you can do everything you want to do. You
don't have to shoot for that number like he was
taught twenty five years ago. What he can do now
(29:48):
if he puts his money in the right buckets, says,
have a purpose with everything. He can have the income
bucket coming in for the rest of his life. He
can have play checks where he can spend those amounts
of money each and every month on whatever he wants.
He can have buckets of money that he would draw
his money to go on a cruise or to or
a trip to another country. Whatever he wants to do,
(30:10):
he can have it. But now he can do that
because he has a plan. He understands what his money's
going to do for him, and also he understands what
his tax turns going to look like in retirement. So
now he knows he's in an effective tax bracket of
twelve percent. He doesn't have to pay anymore. He's set,
but all the money he gets, it's all net of taxes,
and that's what his main concern was. I want to retire,
(30:33):
I want income, I want buckets of money, and I
want access it if I need to. So you can too,
pick up the phone schedule time to meet with us
a three to three Maggie Tax and again that's eight
three to three Magi Tax.
Speaker 1 (30:46):
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
(31:07):
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 (31:23):
Welcome back and thanks for joining us today and I
hope you learn a lot from today. We have a
lot to discuss with you. Please go to our website,
Maggie Tax dot com and register for the seminars that
are coming up on tax planning, on social security, on
a state planning. Questions that you have we can answer.
Give us a call eight three three, Maggie tax. There
are operators standing by right now. It's up to you.
Speaker 4 (31:43):
Can we call it a three and one? Don't we?
Speaker 2 (31:45):
We call it a three and one. That's a good point.
I forgot so three and one. Yeah, tax planning, a
state planning, social security. And there's no one that I
know that's doing three in one. And this is an
educational event. It's about you understanding the language. So we
talk about a lot of things. You know, your retirement
tax score one is it? You know how it pertains
to taxes because you're going to be paying a lot
in taxes somewhere. You're going to be paying taxes somewhere.
(32:07):
But how much are you going to pay? We don't know.
You know, how are your assets tax when you know? Chris.
One thing that we always get when a client comes
in and shows us their statement on the bottom, it
says consult with a tax advisor, right so, And the
reason why we say that is because what we see
on that form is they're taking money from a taxable
account to create a tax and they don't need to
(32:28):
if there's an account that's already been taxed.
Speaker 4 (32:30):
Think of it this way.
Speaker 3 (32:31):
If you have your left hand, that's account that's infected
with taxes, and then you have the right hand, which
is tax free. So think of about it. Would you
want to put your hard earned assets in your left
hand where it's weak and it doesn't have really strength
and that's where it's infected to a tax or would
you rather put your strong, valuable possessions in your right
hand where it's strong, you know you can squeeze it.
(32:54):
You have the ability to have tax free money. That's
what we're talking about here. So think about your retirement
accounts today, get when you leave for the weekend, and
you think about doing things during the week and after
today's show, it's so important that you understand where your
money is. Do you have accounts that are infected with
taxes that you're living in a question mark tax environment?
(33:16):
Who wants to live in an environment where it's cloudy
all day, right, and you don't know if it's going
to rain, Well, that's the same thing. You don't know
what's going to rain on your investments, and when it does,
it could be really really hard because they change the
legislative risk where there's more taxes to pay. I'd rather
be in a sunny Florida where the clear skies and
there's no rain, knowing that you can put a smile
(33:38):
on your face, and that's the retirement that I want.
You can have that too, if your accounts are put
into position where they're safe, where you have protection against
tax risk and also investment risk, and you can take
income for the rest of your life. That's what we're
talking about today. Putting together your financial puzzle. Make sure
it's right. We all put together puzzles in the past.
We all know that when you're done putting the puzzle together,
(34:01):
it makes yourself feel really good, but that one or
two missing pieces really upsets you. So put together the
retirement puzzle for you, and we can help you the
tax side of it, the income puzzle piece, the investment
puzzle piece, the estate planning puzzle piece, the solid security
maximization puzzle piece. Let's put it all together so you
can put a smile on your face for retirement. So
(34:23):
schedule time to meet with us. Eight three to three,
Maggie tax that's eight three to three Maggie, tax I
have a question for you.
Speaker 2 (34:28):
You've done puzzles before and every time, like you and
your brother did a puzzle and we got to the end,
it was a piece missing. How hard did we search
for that piece that's missing? We went absolutely positively. What nuts?
We looked under the table, we looked in the box,
we looked all over, because that puzzle is not complete
(34:49):
without that final piece exactly, and you mentioned it. What's
the final piece? Is it taxes? Is it legislative risk,
is it solid security? Is it market risk? What is it?
Is it a state planning risk? What's the missing piece?
Speaker 3 (35:02):
Chris, great point, and that's why many people out there.
The tax piece is the missing piece. The investment piece
is the missing piece. The guaranteed income streams are missing
is a missing piece. The estate planning side is the
missing piece. So what are you doing to put it together?
And you might have multiple missing pieces for your financial retirement,
and that's what's holding you back. That's what gives you
(35:24):
the uncertainty. That's what doesn't give you the confidence. That's
what doesn't give you the clarity. You want the clarity,
the confidence going into retirement. Why because you have stuff
to fall back on. No one wants to go back
to work in retirement, and we've seen it, and you
don't have to. It doesn't have to be if you
put everything together. So pick up the phone, schedule time
to meet with us. Let's put together your financial pieces.
(35:45):
Let's put that puzzle together and go ahead, and let's
glue it at the end so it makes sure that
it's protected for yourself. Eight three to three Maggie tax.
Let's do this for you. Eight three to three Maggie tax.
Speaker 2 (35:55):
You know, we call it the Maggie Plan. It's simple
and easy to understand, and it should be your plan.
It should be the Smith plan, the Jones plan, whatever.
And that's the point we're trying to make because if
you don't have a plan, the government has a plan
for you, and that's not the plan that you want
because it's going to be taxed. You don't even know
if the assets are going to be passed on to
your beneficiaries, and it goes through probate and then it
(36:17):
goes through that long process and then many of you
listening today right now will probably shaking your head saying,
you know he's right, Well, now is the time to
do something about it. Come in and meet with us
and go to my seminar. Come to the seminar and
look at the estate planning and the taxes and the
Social security and get a better understanding of what you
can do, and you do it. You don't have to
be told what to do. I know many times when
(36:39):
you're told what to do, you don't like it. Don't
tell me what to do. Let me understand before I
do anything, right. I mean, I used to yell at
you guys all the time, but used to walk away
from me and say, dad, chill. You know you don't
get it right.
Speaker 3 (36:50):
But once you understand, when you get older, why you're
saying what you're saying, it makes total sense. And that's
where we're out today. Right, when's the last class you
had on your retirement and how to put out together?
To be honest with you, there's no classes out there.
They don't teach this stuff in high school. They don't
teach this stuff with us. Yes, you're right, but most
people they work all day, you know, the college, they
(37:13):
don't teach this stuff. Stuff should be taught in elementary
and middle school and high school.
Speaker 2 (37:18):
Right.
Speaker 3 (37:18):
It just makes us all stronger. But at the end
of the day, it's not. So we're put into this
environment where you need to control your retirement. We're in
a yoo economy. You're on your own, but you don't
have to be if you have the right resources. And
that's what we do. When you're coming to meet with us.
Let's get together, let's have a conversation. That's why we
call it the Maggie Plan. It's tax planning piece, it's
the income planning piece. Let's put together play checks, play
(37:42):
checks and paychecks. My gosh, think about how many paychecks
do you want and play checks coming in the front
door every month for the rest of your life. That's
a great income plan. What about your investment plan? You know,
make sure that you have investments with different risk tolerances
and maximizing it with the potential for the market gains
but also the market losses. Make sure you protect those.
(38:04):
What about your tax risk Make sure that you're in
control of the future legislation. So pick up the phone,
schedule time to meet with us. We thank you so
much for listening today. Eight three to three Maggie tax
schedule time to meet with us. We look forward to
meeting with you.
Speaker 4 (38:17):
A three three Maggie Tax.
Speaker 1 (38:20):
You've been listening to the Maggie Tax and Financial Hour
discussing tax planning investment strategies, presented by Robert and Chris
Maggie from Maggie Tax Advisory and Financial Services with offices
in Hillsborough and Pinellas County. Visit Maggie Tax dot com
or call eight one three three two two twenty five twenty.
That's eight one three three two two twenty five twenty
(38:42):
and tune in next Saturday at five for the Maggie
Tax and Financial Hour
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