December 10, 2025 • 38 mins
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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 is living it up when you retire by taxing
your hard earned money. Welcome to the Maggie Tax and
Financial Show with Robert and Chris Maggie of Maggie Tax
and Wealth Advisors. With over four decades 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 next day from Uncle Sam. Call them at
eight three three Maggie Tax or online at Maggie Tax
dot com and now your host for the Maggie Tax
and Financial Show, Robert and Chris Maggie.
Speaker 2 (00:41):
Welcome everyone. My name is Robert Maggie and you're listening
to the Maggie Tax and Financial Show. I'm here with
my son and co host Chris Maggie. Be sure to
visit our website, Maggie Tax dot com and click on
the retirement tax bill and you can see in thirty
seconds what your tax bill is going to be. So
if you have an IRA or a four to one
K and now today we're going to be talking about
(01:01):
the new tax bill and a lot of people are
concerned about what they're going to pay in taxes when
they start taking their money out of the IRA, So
we're going to talk about that today. But again, go
to my website Maggie Tax dot Com, click on the
retirement tax Bill on the top right, put your numbers
in and in thirty seconds they'll give you a report
and that should enlighten you and then make an appointment
(01:21):
so Chris and I can talk to you about it.
So again, visit Maggie Tax dot Com and every Sunday
at ten thirty, don't forget to tune into the Maggie
Tax and Financial Show. So, Chris, a lot of things
have changed, a lot of things are going to be changing,
and I guess the word is a lot of people
are still going to be confused.
Speaker 3 (01:38):
Well, let's just sit and welcome everyone and thank you
so much for tuning into our show. And each and
every week we talk about tax planning and income planning
and investment planning and also estate planning, and that's what
we do here at Maggie Tax Advisory and Financial Group.
So visit our website at Maggi Tax dot Com. That's
m A G G I t a X dot com.
But today, yeah, let's dive into the Trump big beautiful
(01:59):
bill and how it's impact.
Speaker 4 (02:00):
A lot of people out there.
Speaker 2 (02:01):
Oh yeah, and we get a lot of people calling
right now. So we're going to discuss what the newly
signed federal budget bill may mean for older Americans and
many of you listening today. So number one, there was
major tax changes. This was a big one. It permanently
extends the twenty seventeen tax cuts, no taxes on tips,
a boosted child tax credit, and new deductions. And this
(02:24):
is really going to surface, Chris, when we do the
tax return starting in January for a March and April.
All this is going to come to the head. So
at Maggie Tax and Financial Services, we can help you
navigate what's relevant. You're going to have many questions is
it good for me? Is it not? We're going to
tell you that going to maximize opportunities and protect against
tax surprises, bringing clarity and strategy to a fast changing landscape.
(02:47):
And the biggest thing, Chris, we talk about language and
understanding the words and how this is going to apply
to each and every one. So I know you're going
to have questions and we're going to try to answer them.
So call eight three to three Maggie Tax right now.
I have up rate is standing by, and be sure
to visit maggietax dot com and schedule a review appointment today.
Folks and Chris, you will agree with this. The only
(03:08):
way to understand all of this and get clarity is
to make an appointment, sit down, have a review, and
answer your questions.
Speaker 4 (03:16):
And that's just it.
Speaker 3 (03:16):
Many people out there have taken advantage of that, you know,
brought in their tax return, but on their investments. Let's
look and see how everything's going to impact one another.
And not only do we do tax preparation, we do
tax planning, but also investment planning and income planning and
estate planning. And that's why we do complete planning. So
if you're looking for an advisor out there who can
take care of everything, that's what we do. You know,
(03:37):
many people think, well, I just got to go to
my tax person and I got to go to my
investment person. They're not talking, they're not on the same
page what we are. So this tax bill is going
to impact a lot of people. So when you come
in to meet with us. As my dad's mentioning, we
need to look at your plan and what your tax
return is going to look like. So these are things
that are happening. So pick up the phone, schedule time
(03:58):
to meet with us. Eight three three, Maggie tax.
Speaker 2 (04:00):
We'll stay with what you just said, your plan. The
question is what is your plan? Is it a tax plan?
Is it an income plan? Is it an investment plan?
Is it social security plan? Is it a state plan?
We do seminars every month on a state and taxes,
and you'd be surprised how many people come to our
seminars and they do not have a plan, Chris. And
it's disappointing because they're adults. Okay, they know this, and
(04:24):
yet they do nothing about it until it hits the fan,
and that's too late. So even now with this new bill,
a lot of things are going to change, so it's
really important to understand it. And a couple things that
they went over was the bill includes cuts to Medicaid, Medicare,
and the Affordable Care Act. I'm not going to go
into that right now, but there are answers that we
can give you. There's new Medicaid work requirements and stricter
(04:46):
eligibility checks. Again, it might apply to some of you,
but we'll go over that as well. There's clean energy
tax credits. They're being eliminated. Listen to this, despite campaign promises.
There's no repeal of Social Security taxes. Up to eighty
five percent of benefits may still be taxed for higher earners.
And thresholds haven't been adjusted since the nineteen eighties. And
(05:08):
this is the thing you and I see all the time.
The thresholds are the same, they've never changed. So now
what has to happen is people think, because of what
they were saying, no tax on Social Security, it only
goes a certain extent. And let me give you an example.
Social Security tax repeal. They're blocked by rules. And this
is important for you to understand. It's called the Bird rule.
(05:29):
The Bird rule prevents major changes to social security through reconciliation,
making a full repeal of Social Security taxes procedurally off
limits in this bill. Okay, but what they did give
you is a bonus deduction instead of repeal. So this
bill offers a six thousand dollars bonus standard deduction for
adults sixty five plus. Okay, phased out above seventy five
(05:52):
thousand for individuals and one hundred and fifty thousand for couples,
and it stacks on top of the regular senior deduction.
And Chris, the reason why that's important is because the
standard deduction now for seniors for single and couples has changed,
and now if they qualify for this to get another
six thousand, that basically helps them take more money out
(06:14):
of a retirement account, right and pay no tax and
do a conversion.
Speaker 4 (06:17):
Well that's just it.
Speaker 3 (06:18):
You sit a lot there, So let's kind of digress
here a little bit. A lot of people talked about
how there's going to be no tax on Social Security.
Well that's not going to happen. It's still going to
get taxed if you're over the limits. And that's why
it's so important to do tax planning, especially with your investments,
because if you're pulling money from your investments the wrong way,
then guess what your Social Security could be taxed up
to eighty five percent. So with this bill, there's still
(06:41):
going to be taxed on Social Security, but they're giving
that bonus deduction for you six thousand dollars if you qualify,
So it looks at your other income too, and if
you make over sev seventy five thousand dollars for individuals,
and if your married file and jointly, it's one hundred
and fifty thousand. So you have to make sure that
you're under these numbers. And that's why planning and tax
plan and investment planning is so important, and that's why
(07:02):
we can show you how to maneuver through these things.
But there's still going to be a deduction for you
on SOLI security and if you're married, then you get
the twelve thousand dollars, but if you're individual at six thousand,
you got to make sure that you're looking at those limits.
So what we're saying here is that planning is so crucial.
You know, my dad's been talking about the specifics of it,
but you need to understand that we can make this
(07:24):
simple for you. At Maggi Tax Advisor and Financial Group,
we put together complete plans and complanning, tax planning, investment planning.
But we do make things simple and easy for you
to understand. That's our model and when we go through this,
we're going to help you and strategically think about ways
to reduce your taxes and also look at your investments
and see how they're working together. So pick up the phone,
(07:45):
schedule time to meet with us. Eight three to three
magi tax. You know, we come on in, let's have
a conversation. We have offices three across Tampa Bay area
to help you. So whatever's convenient, let's get together. Eight
three three magi tax.
Speaker 2 (07:59):
You know, it's not just about when people come in,
we always ask them how can we help you? A
lot of you hear our show and watch our TV show,
and there are a lot of strategies and concepts that
we can apply. But you have to sit down and
here's the word I'm going to use, get serious. If
you're serious, that's fine. But if you're just curious and
you're just looking, that's not a problem either, because you
(08:21):
have to be curious about what's going on, like we're
talking about today and throughout the show to understand how
serious you need to take this, because if you don't
take it serious, your tax situation is going to change.
Your income situation is going to change, your investment situation
is going to change, your estate planning is going to change.
And Chris, this is what people I don't know if
the word is panic, they come in and not only
(08:42):
with us, but any advisor. They're just so concerned about
being sold something but not really overlooking this whole plan
of what everything here. From a holistic approach applies.
Speaker 3 (08:53):
That's exactly right, and many people just don't know what
they don't know. And you know, they get their taxes
done and they have a tax liability and they have
no idea, and then they're all upset because they don't
want to pay taxes. But in theory they could have
really just they're in a low tax bracket, but they
just didn't withhold enough. So there's a lot of things
that people just don't understand where we're getting to. And
we talk about distributions. That's why the investment side is
(09:14):
so important. People have investments that I'll call qualified accounts
like iras and formal case, then they have non qualified
accounts that in your checking account or your savings account,
or your non qualified brokerage account. So when we look
at where to take money from, we see this time
in and time out again all the time that people
take a distribution. You know, I need thirty thousand dollars,
(09:34):
and some people go to their IRA and then take it. Well,
they got to pay tax on it, so instead of
getting thirty thousand dollars, they have to gross that up
by maybe twenty percent, so that causes a taxable event,
whereas they can just take a certain amount from their
non qualified account or from their roth IRA and pay
no tax. So that's why it's so important to meet
with us because when we do investment planning, we can
put together an investment plan for you as a fiduciary.
(09:57):
What we talk about is doing the right thing for
you and also bucket planning. You know, there's ways to
have safe investments. There's also ways to have money invested
in the market. There's a lot of different strategies you
can take advantage of. So pick up the phone, schedule
time to meet with us eight three three Maggie Tax
and be sure to visit our website at Maggie tax
dot com and sit an appoyment today. You know, you
need the information that we're talking about here. There's so
(10:18):
much going on. People are confused. People need to know
what they can do with their accounts and their plan,
and that's why we call it your plan. It's the
Maggi Tax Plan to help you with income planning, tax planning,
investment planning, and estate planning. So pick up the phone,
schedule time to meet with us. Eight three three Maggie Tax,
and don't forget every Sunday on ABC TV at ten
(10:38):
thirty for the Magi Tax and Financial Show eight three
to three Magi Tax.
Speaker 4 (10:42):
That's eight three to three Magi Tax.
Speaker 1 (10:49):
Stop funding Uncle Sam's retirement and start planning for your
own successful retirement as we return to the Maggie Tax
Financial Show with your host Robert and Chris Maggie with
Meaggie Tax and Wealth Advisors. For information on how you
can create a tax free retirement. Call eight three three
Maggie Tax, or visit Maggie Tax dot com. Now your
(11:11):
host with Maggie Tax and Wealth Advisors Robert and Chris Maggie.
Speaker 3 (11:16):
Welcome back to The Maggie Tax and Financial Show, the
show where strategy meets clarity and your financial future gets
the attention it deserves. Whether you're building wealth, shielding assets
or just trying to decide in decode what the tax
code really means for you. We got you covered, so
welcome back to the show. I'm Chris Maggan. I'm here
with my dad and coast of the show, Robert Maggie,
and we're talking about the Trump Big Bill and how
(11:38):
it's impacting you. And what we do here is a
tax planning, investment planning, insurance planning, at state planning, so
we do everything.
Speaker 4 (11:45):
It's called complete planning.
Speaker 3 (11:46):
And if your advisor is not talking about how it's
going to affect you, then guess what you need to
start thinking about what to do because your investments impact
your taxes. And if they're not talking about that, your advisor,
your tax planner, or your current investment advisor, then you
know what you deserve to get the planning you need
(12:07):
to make sure that you're not impacted on a negative way.
So pick up the phone, schedule time to meet with us.
Eight three to three Maggie tax. We have obviously on
both sides of the bay. That's eight three to three
Maggie tax.
Speaker 2 (12:16):
And the question that you should be asking yourself is
what keeps you up at night? What's your biggest fear,
what's your concern? And this is the question that you
should be asking your advisor or your CPA. You're a
tax person and we get these questions every single day
from a lot of clients. So there's nothing wrong with
asking the questions, and that's what you have to do
as an individual or a family. Ask questions that concern
(12:39):
you and have them answer it for you, because if
you don't ask the question, you're never going to find
out the answer. It's that simple. Call eight three to
three Maggie Tax Today. I've operated standing by right now.
Be sure to visit Maggie Tax dot com. There's a
lot of information that will help you understand what we
do and set an appointment today. It's up to you.
Eight three to three Maggie Tax. If you'd like more
information about what you hear during the show today, give
(13:01):
us a call eight three to three Maggie Tax, or
visit us online at Maggie Tax dot com. And by
the way, when you're at our website, click on the
retirement tax bill. Check out what your retirement tax bill
will look like, and in thirty seconds you're going to
see what your retirement tax bill will look like. That's
what I'm talking about. It's about education, it's about having
you understand the language. So if you have an IRA
(13:22):
or four oh one K, click on the retirement calculator
and in thirty seconds it will show you your what
your retirement bill is going to be look like. But
remember each situation is different. So eight three to three
Magie tax call. Right now, we have operated standing by.
You have to do something. You have to design a plan,
you have to get answers to your questions. And that's
the way to do it. And buried in the hundreds
(13:44):
of budget line items that are real changes that may
hit your wallet, your taxes, and your future plans. They're
going to change. So sit down and get serious. If
you want to be curious, that's fine. I have no
problem with that, but you're going to have to get
serious at one point. And Chris, I think that's the
problem that a lot of people have because of the elections,
because of the waiting for the tax bill, waiting, waiting, waiting, waiting,
(14:08):
and you can't wait any longer. So you've got to
get serious about this and you have to do something
about it.
Speaker 3 (14:13):
Exactly so withgards to taxes, one of the biggest ticket
items in this new budget is the permanent extension of
the twenty seventeen tax cuts. Those cuts were set to expire,
but now they're here to stay. So in total, there
are nearly seventy tax related changes backed into this budget,
and for US, some of the most attention grabbing items
include a bump in the standard deduction, so there's seven
(14:36):
hundred and fifty dollars more for individuals now at fifteen thousand,
and fifteen hundred dollars for more couples now at thirty thousand.
There's also a bonus deduction for seniors of up to
six thousand dollars for tax years twenty twenty five to
twenty twenty eight. For the Social Security there's also an
increase in the child tax credit to twenty two hundred
dollars in twenty twenty six. There's also bigger a state
(14:58):
and gift tax exemptions, and some also other headlines generators
like no taxes on tips or overtime pay from years
twenty twenty five through twenty twenty eight, so even interest
on their new auto loans up to ten thousand dollars
is excluded during that period, although it's limited to vehicles
assembled in the United States. So where we're going with this,
(15:20):
there's a lot of new items here and how is
it going to impact you and your financial situation? So
we urge you to pick up the phone schedule time
to meet with us. Let's send an appointment. Let's get together,
Let's have a conversation. Let's talk about your taxes and
how this is going to relate to your social security,
to your future retirement. What about your investments? Many people
(15:40):
out there have no idea where to invest their money
or what to do with their old form one k's
where we can help. We can put this together. What
about distribution planning? Where do you take your money? Do
you take your money from a qualified account or a
non qualified account or a roth ira to limit the
most tax exposure? How do you go about doing this?
Where we can help. And then when you put together
(16:01):
in a state plan, this is your money, so you
want to make sure that you keep it all intact
in your family. So we can help put together the
estate planning items such as a will or a trust
or a power of attorney. So these things that our
firm can do to help you. So pick up the phone,
schedule time to meet with us. Eight three to three,
Maggie Tax.
Speaker 2 (16:17):
So the big question that we get every day is
how can Maggie Tax help someone make sense of this
new budget bill. There's so many pieces to it. Some apply,
some don't. So set an appointment and let's explain the
new language and help you understand. The newly passed federal
budget is packed with tax changes, spending shifts, and policy
updates that could impact your wallet for years. Remember something.
(16:39):
It's over eight hundred pages this new bill. You're not
expected to learn them all, but we want to get
the pieces for you so that it applies to you.
And unless you're a broker or advisor understands the new
tax changes, they will not take the time to discuss
all of this with you. That's what we do at
Maggie Tax, line by line. We want to make sure
from your tax return how it applies to you. Some
(17:00):
of this doesn't but many of it does, and you'd
like to know. We're going to tell you about that.
So that's what we do. Simple and easy to understand.
One of the things that we talk about the Maggie Plan.
People say, what's your process? What do you do? Well?
The Maggie Plan is simple. It's simple and easy to understand.
It's a tax plan and what we're talking about here
how these tax changes are going to affect you. It's
(17:22):
an income plan. How much income do you need and
where you're going to get it from. Like Chris mentioned before,
is it going to come from a qualified account or
a non qualified account? Is it taxable or non taxable?
Are you going to pay the right amount of taxes
or are you going to owe taxes? These are questions
that we address with every single client. So set an appointment.
Eight three to three Maggie Tax. We have offices in Loots,
(17:43):
we have an office in Palm Harbor. We have an
office in Saint Pete. Pick up the phone and let's
have a conversation. Let's do a simple review and answer
the question that we asked before. What keeps you up
at night? And many people were up at night because
of this new tax change, So you know, don't be
afraid to write the questions down. Ask the question, Let's
give you the answer and make it simple for you.
(18:04):
Eight three to three Maggie Tax.
Speaker 3 (18:06):
We laid the groundwork, but now it's time to connect
the dots. Coming up next, we'll dive into investment planning
and how the new tax bill isn't just changing tax deductions,
it's reshaping strategy from capital gains to roth conversions. The
rules are shifting and smart investors are already adjusting. If
your portfolio isn't aligned with the new tax landscape, you
could be leaving serious money on the table. So stick around.
(18:29):
We'll be breaking it all down. Eight three to three
Maggie Tax. That's a three to three Maggie tax. And
don't forget Tune in every Sunday on ABCTV to the
Maggie Tax and Financial Show. It's a thirty minute show.
Eight three to three Maggie Tax.
Speaker 1 (18:43):
Stop funding Uncle Sam's retirement and start planning for your
own successful retirement. As we return to the Maggie Tax
Financial Show with your host Robert and Chris Maggie with
Maggie Tax and Wealth Advisors. For information on how you
can create a tax free retirement, call eight three three
Maggie Tax or visit Maggie Tax dot com. Now you're
(19:05):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 3 (19:10):
Welcome back to the Maggie Tax and Financial Show. And
I'm here with my dad and coast of the show,
Robert Maggie. So we're talking about a lot of different
things today, but taxes just changed again. And if you
think it's just about brackets and deductions, well to start
thinking bigger. The new tax bill is rewriting the rules,
and your investment strategy needs to keep up. Whether you're
managing a portfolio, building retirement income. We're just trying to
(19:32):
stay ahead. This isn't the time to guest. And today
we're breaking down how smart investment planning intersects with the
latest tax changes and what you can do right now
to protect gains, minimize exposure, and stay strategic.
Speaker 4 (19:45):
That's what we do. And so Dad, let's talk about here.
Speaker 3 (19:49):
One of the things that we talk about is investment
planning and how it correlates to taxes.
Speaker 2 (19:54):
So what do you want to add, Well, let's talk
about one of the biggest thing. People ask about capital
gains and timing strategies. How does that apply? And we
get these questions all the time. What do we normally
explain to our clients, what strategies, what you know, concepts
we could use.
Speaker 3 (20:08):
Well, we want to explore how changes the capital gains,
tax rates, or the threashows affect when and how investors
should realize these gains. Let's talk about what realizing gains means.
Because there's unrealized there's realize gains. Many people have no
idea what that means. But let's use this example. Say
you put one hundred thousand dollars in an investment and
maybe six months from now it's worth one hundred and
twenty thousand. Well, that one hundred thousand went up to
(20:31):
one hundred and twenty that's a twenty thousand dollars what
we call unrealized meaning it hasn't been sold, so it's
unrealized gain. So if you sell it, then you got
to pay tax on the twenty thousand dollars gain. Once
you realize the gain is when you actually sold it,
so then you got to pay tax on that twenty thousand.
So the tax brackets changed. Sometimes it's zero percent tax
(20:53):
on these gains. Sometimes it's fifteen percent, sometimes it's ten percent,
sometimes as much as twenty percent on capital gains, depending
on your income. So why is tax planning and investment
planning so important to work together and have the right advisor.
Speaker 2 (21:09):
Well, because when you get your taxes done and you
start to see what the bottom line is and you
pay a lot of tax, and the question we get,
I think I'm paying too much in taxes, and the
answer is no, you're not. You're not paying enough. And
there's a perfect example what you're talking about. If they
sold a stock or they had a large capital gain,
that applies, and it applies in income that they have
on their tax return, and it's either going to raise
(21:30):
their taxes, which I would bet ninety percent of people
and you and I know this, don't withhold enough taxes
when they do something like this, when they sell a
stock or a piece of property, they just get the
money and they don't do nothing with it.
Speaker 4 (21:42):
That's exactly right.
Speaker 3 (21:43):
So tax planning throughout the year, whether it's January, February,
March able, June, whatever, August, September, it doesn't matter. We're
always talking about tax planning as well as how it
it relates to your investment. So we can sit down
with you and show you that if you sold that
investment and you had a twenty thousand dollars gain, maybe
this you know tax to pay, Maybe you will be
encouraged to pay the fifteen percent tax.
Speaker 4 (22:03):
I don't know.
Speaker 3 (22:04):
That's why everything that we look at is your complete plan.
We'll look at your taxes, your investments, your income. We'll
talk about all these different things and then give you the
advice so you can pull a trigger on what to
do is best for you, So pick up the phone,
schedule time to meet with us. We have office on
both sides of the bay to help you. Eight three
to three Maggie Tax. What other stuff that we can
talk about.
Speaker 2 (22:23):
Well, in addition to that, they are always to offset
the capital gains tax, which we can show you, but
we can't do this on the radio. So if you
have a highly appreciated stock or property, you need to
call us. Eight three to three Maggie Tax. Let's sit down,
show you that strategy and you will be shocked that
you didn't know this, but you can do it and
it's all right by the book.
Speaker 4 (22:42):
Well that's just thing. I mean, you mentioned a great point,
and you're right.
Speaker 3 (22:44):
We can't talk about it today because it's on there's
too much to talk about on the show. But what
we're mentioning is we're more than happy to talk about
how it's going to affect you. Let's just use an example.
Say you have one hundred thousand dollars property. Now it
grows to a million, there's a nine hundred thousand dollars
capital gain tax. Well that's gonna pay a hot in
tax right there. But how can you bypass the capital
(23:04):
gains tax.
Speaker 2 (23:05):
Well, the strategy we use, we'd use different types of trusts,
use a crut or a crat that a lot of people,
you know, are surprised and don't know about, but you
can look it up. It's real and it's legal and
a lot of people take advantage of this to avoid
the capital gains exactly.
Speaker 3 (23:18):
So that's why it's so important to meet with us.
So pick up the phone, schedule time aid three three Maggie.
Tax will be more than happy to go over this
with you if you have highly appreciated gains.
Speaker 2 (23:27):
And there's another reason why we encourage you to give
us a call, sit down and talk to us about this. See,
everybody out there has a different situation. Some have capital gains,
some have losses, et cetera. You know they talk about
discussed tax loss harvesting opportunities and the importance of holding periods.
We can go into that. But those are things Chris,
that some people know about some people don't. But if
(23:47):
we get the right person and we explain it and
it benefits them, do you think they'd want to know?
Speaker 4 (23:52):
Absolutely.
Speaker 3 (23:52):
That's called tax planning correlating to your investment. So work
with an advisor who does both. You're leaving a lie
out on the table if you have an advisor that's
dealing in your investments that has no idea what taxes
and how they're going to affect you. So pick of
the phone. We can do it for you. Eight three
to three magi a tax. We can do both investment
planning as well as a tax planning eight three to
(24:13):
three magi tax.
Speaker 2 (24:14):
So let's kind of skip gears here and talk about
a lot of questions. We get roth conversions and retirement accounts.
This is important now in talking today about the deductions,
your standard deduction and now the extra six thousand that
you can put. There's ways that you can reduce the
tax on your IRA in four oh one k. Again, Chris,
if they just use the strategy that we're.
Speaker 4 (24:34):
Talking about, that's exactly right.
Speaker 3 (24:36):
So you know, the new bill impacts wroth conversion, timing,
contribution limits, and also requirement and distributions. You know what
our requirement in distributions. While we're on the topic, Dad,
let's talk about that.
Speaker 2 (24:46):
Oh man, let me give you an example right now.
I had a gentleman call me the other day. He
had a million dollar IRA and he said, Bobby, you know,
I'm sixty five years old. When do I take this
thing called the R and D it's required minimum distribution.
The that he had and he didn't understand, is that
at seventy three, because of the new rules, he has
to take out the required amount based on a certain percentage.
(25:08):
When we ran the illustration that I'm encouraging all of
you to go to on our tax on our Maggie
Tax website, he was shocked that he had to take
out almost forty thousand out of one account and forty
thousand out of another. But the shocking part Chris was
that it went on his tax return, brought him to
a higher tax bracket and caused him a big tax,
(25:28):
and he didn't want to do it. So one of
the strategies we use a strategic rollouts where we had
seven years from sixty five to seventy three to roll
his money out based on his tax situation and his
tax bracket, to pay the least amount of tax and
have more tax free money. How good is that?
Speaker 3 (25:45):
My gosh, that's called tax efficient planning with your investments,
and that's what we do. So, you know, instead of
having a forty thousand dollars distribution that he didn't need
or want. It just raised his income. He didn't want
to pay the tax on it because now he's in
a higher tax bracket. It's still security getting tax eighty
five percent. And guess what he's saying, this is not
what I want to do. I wish I had the planning.
So that sixty five year old who was in a
(26:07):
similar situation, we did some strategic planning. So now when
he got to seventy three, because that's the age that
you have to start taking what they call the requirement
in distribution, he didn't have to take out forty thousand.
Now we just create a tax free bucket for himself.
Now the RMD requirement in distribution was a lot less
and guess what Now his tax on Social Security was
zero and he had the income that he wanted in
(26:28):
the most tax deficient way. So where we're going with
this is pretty simple. I know a lot we're talking about,
but complete planning. Make this simple for you. Create the
Maggie plan. The Maggie Plan is simple. It's a plan
for you. It's your plan, it's your money. It consists
of tax planning, income planning. Where's the best spots to
take your money in the most tax efficient way. Investment planning.
We'll get into that in a little bit. But how
(26:49):
can you invest your money in the right portfolios for
growth and for security and preservation of your money? What
about state planning? We do all these things to help
you eight three three Maggi.
Speaker 4 (26:58):
Tax.
Speaker 2 (26:58):
The biggest question that we ask all of you is
do you have a plan? What we're talking about taxes,
We're talking about investments here. So let's go to another topic.
What about tax efficient investment vehicles? We get this all
the time, you know, we look at their portfolio that
got all these portfolios in there, different accounts, and they go,
where's the tax efficient investment vehicles? Where are they? Why
(27:19):
is it my advisor telling me so, Chris, Why don't
we just dive into that a little bit?
Speaker 3 (27:23):
Absolutely Well, we can compare the tax treatment of ETFs
called exchange trade of funds, municipal bonds, reats, real estate
investment trust See a lot of people use mutual funds.
There's diffiden pain stocks onder the new rules. These are
the things that we're talking about. Asset allocation, what's taxable,
what's tax advantage?
Speaker 2 (27:42):
Growth?
Speaker 3 (27:43):
These are the things I mean a lot of people
are talking about exchange trade of funds and how they're
cost efficient, and how do they put together in your
investment plan to generate tax efficiency and also lower costs.
These are the investment side that when you come to
meet with us, we're going to analyze all these different
vehicles for you. We see a lot of people come
on in and they have no idea what type of
(28:03):
risk they're taking with their money. They're taking a lot
of risk, but they want preservation of their money. Some
people want more growth, but guess what, they're too conservative
in their investments. So how do you allocate this well,
text diversification and investment allocation. These are things that we
can do on the investment side to help you. So
pick up the phone, schedule time to meet with us.
If you have accounts that are all over the place
(28:24):
and just have piles of money, then now is the
time that put those piles into buckets where we strategically
have a purpose with them. And that's what we can
do on the investment side. You know, whether it's for growth,
whether it's for safety, whether it's for inflation protection. We
can always sprinkle an inflation protection bucket on there to
with maybe gold or precious metals or something that's actively managed. Right,
(28:45):
these are the things that we can do. So there's
a lot here to help you. Eight three three magi tax.
That's eight three three magi tacks.
Speaker 2 (28:51):
One of the biggest things that we talk about is
asset allocation, and most people that we talked to don't
understand asset allocation, especially when we talk about like red money,
green money, and how to protect it because what we
see most of the time is that people have their
money in risk, not in non risk. And when we
sit down and do this asset map that we talk
about here, it's going to help them understand absolutely.
Speaker 3 (29:13):
So that's why it's so important to pick up the phone,
schedule a time to meet with us. A three three
magi atax. We have obvious on both sides of the
Bay three office in the Tampa Bay area. Visit our
website Maggie tax dot com. That's m Aggi tax tax
dot com.
Speaker 2 (29:29):
So what we've done today is we've unpacked how the
new tax bill reshapes investment planning from capital gains, which
is a big question to roth conversions. But strategy alone
isn't enough to truly protect and grow your wealth. Every
piece needs to work together. Taxes, investments, insurance, state planning,
cash flows. Is your plan set up that way? And
(29:50):
you know this is what we try to do with
every client coming in because you have to see how
do you get the first base to second base to
third how do you score that run? And scoring that
run means tax save, investment planning, income planning. This all
ties together. I know it's simple that I'm saying that,
but this is exactly how you have to look at
your investments. Give us a call eight three to three,
(30:10):
Maggie Tax. We have offices on both sides of the bay,
and you know the thing is right now that people
are confused and isolated. So next up we're putting it
all together. What does a complete financial plan actually look like?
And how do you build one that adapts, protects and
performs for you? And that's the way it's going to be.
So stick around because clarity isn't just comforting, it's powerful.
(30:34):
Eight three to three Magie Tax.
Speaker 1 (30:38):
Stop funding Uncle Sam's retirement and start planning for your
own successful retirement. As we return to the Maggie Tax
Financial Show with your host Robert and Chris Maggie with
Maggie Tax and Wealth Advisors. For information on how you
can create a tax free retirement, call eight three three
Magie Tax or visit Maggie Tax dot com. Now your
(31:00):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 2 (31:05):
Welcome back to the Maggie Tax and Financial Show, and
you can go to our website Maggie Tax dot com.
Be sure to give us a call eight three to
three Magi Tax. We talked about an awful lot today,
so make an appointment. Let's answer your questions. And you've
heard the process. So you've heard the pieces, tax strategy,
investment planning, retirement moves. But now it's time to bring
it all together. What are you doing about it? What
(31:26):
is your biggest question and what would you like to
be answered? A complete financial plan isn't just a stack
of statements or a few guesses that's not going to work.
It's living a blueprint, your blueprint built to adapt, protect
and perform through every season of life. We call it
the Maggie Plan. It's really simple and easy to understand.
It's a tax plan, it's an income plan, it's an
(31:47):
investment plan. It's an estate plan. It's a legacy plan.
So do you have that? And if you don't, give
us a call. That's what we're talking about today eight
three to three, Maggie Tax.
Speaker 3 (31:56):
And today we're walking through what truly integrated plan looks like,
the core components, the common gaps, and how to make
sure your money is working as hard as you are.
So pick up the phone eight three three, Maggie Tax.
Let's put together a plan for you. We have always
on both sides of the bay to help you. So
the first part of this whole thing is integration is
everything you know. A strong financial plan aligns with tax strategies,
(32:20):
investment opportunities, insurance, and estate planning into one cohesive system,
not silated decisions. And when we do this, we see
because we've been in the business, we've been in this
business so long that we see that many people come
in and they have a retail advisor. What's a retail advisor?
Retail advisor someone who just sells a product. Maybe they
sell them an investment. Maybe they just do the tax preparation.
(32:43):
They don't do any planning, they don't do any tax
strategies to harvest, they don't do any estate planning. So
what we're talking about here is when you work with
an advisor and you deserve this. That's where the big
boys are. They have complete planning. When you think about athletes,
they have many people working for them, they just don't
have They don't sign these deals, these record breaking contracts
(33:05):
and have one advisor just selling them a product. They
have a team, and that's where we are at Maggi
Tax Advisor and Financial Group. We have the components to
help you put together your plan, a three to three
mag atax.
Speaker 2 (33:17):
And one of the things that's important is most plans
that we see miss the mark because it's not prepared correctly.
Common gaps include outdated assumptions they were maybe a year ago,
two year ago, not like today. Lack of coordination between advisors.
Does your advisor talk to your tax person? Does your
tax person talk to your advisor? Not really? And failure
to stress test for real life scenarios. What's the situation
(33:41):
today as opposed when you did that a year ago.
So your plan should be proactive, not reactive, and the
best plans anticipate change because that's what it is. Change
is happening everywhere every day on everything from market shifts
to life transitions and adjust with precision, not panic. And Chris,
I think what happens is a lot of people they panic,
they don't know, and they do until they come in.
(34:03):
And we've seen it many times. The person the couple
will sit here and go like, wow, my guide does
and tell me about that, and you know what the
problem is you as well, you should be asking, don't
be afraid, And that's the way it works.
Speaker 4 (34:14):
Well, that's the thing.
Speaker 3 (34:15):
I mean, many people they seek help, right, they're looking
for the right advisors. You're listening to today's show. You're thinking, well,
should I go see them or should I just stay
with my advisor? Well, think about it. If you're looking
for a complete plan, then come see us. Let's have
a conversation. We're adults, right, I mean, if things are
in line and you like the processes that we have
to help you, then we can implement the plan. You know,
(34:37):
if you meet with us and you don't like what
we do, or you like what your advisor does, then
you can stay with them. But you owe it to
yourself to do the right thing for yourself and your family.
Because we talk about we talk about the changes and
tax laws that and the bills and the things are changing.
We just heard that throughout today's show. And if you're
not doing anything about it, you're missing the opportunity for
(34:58):
yourself and your family.
Speaker 2 (35:00):
And one thing I'll say, and I said it before,
if you're curious, then you should be. This is what
this show is supposed to do. Make you curious about it,
and then let's get serious because that's the blueprint, not
just theory, but a framework you can act on because
a complete financial plan isn't built in a day. And
let me give you an example. If someone and you
meet with an advisor and they want to move everything
that you have, whoa slow it down, do a little
(35:22):
piece of a time and build it the way you
want it. Not just jump in and see how deep
it is. Let's see how this thing progresses. But it
starts with one decision, Chris. One decision to see where
the groundwork starts and then build it from there.
Speaker 3 (35:34):
And that decision is very very simple. I mean, if
you listen today's show, pick up the phone, schedule a
time to meet with this. You know, we're a family business.
We've helped a lot of people, but we make things
simple for you to understand and decision that you need
to make is if I want to come in and
meet with you and let's do it. You know, again,
we're adults. Let's have a conversation and we're not going
to sell you anything. That's what we're looking for. We're
(35:55):
looking to help you. We're looking to put together a
pleatropilian because you deserve it. Eight three three baggie tax.
That's eight three three magitax.
Speaker 2 (36:02):
And think about it this way, whether you're refining your strategy,
you're building from scratch, the goal is the same clarity,
control and confidence in every dollar that you earn, every
dollar you invest and protect. And that's where I think
a lot of people don't see that because they look
at the whole pile. We talk about piles of money,
but you should be looking at piece of it a
(36:23):
little bit out of time. And that's what we do
because I think the intimidating fact that Chris mentioned it before.
A retail advisor is going to sell you the whole
ball of wax. Okay, a complete advisor is not going
to do that. That's what we're talking about today, income planning,
tax planning, okay, state planning, and this is what you
have to think about because things have changing, and now
that you know about the new tax bill and how
(36:44):
it's going to affect you, sit down and let's do it.
Let's do it. Let's do a review. You have nothing
to lose, Okay, nothing to lose, but knowledge and understanding
what the language is in your plan, not the language
in someone else's planning. Chris, I think that's basically where
I see and you see it the same thing. Every day.
We get calls every day, what about this? What about that?
(37:04):
That means you curious? Okay, if you're curious, there's nothing
wrong with that, and I hope the show makes all
of you curious, but seriously, get serious.
Speaker 3 (37:12):
Absolutely so, we thank you so much for joining us today.
If this spark questions or ideas, don't let them sit idle,
reach out, dig deeper and take the next step. Your
future deserves more than just guestwork. So if you want
an income plan, we can help. If you want an
investment plan, we can help. If you want tax strategies
to help you reduce your taxes, we can help. If
(37:33):
you want a state plan, we can help. And that's
what we do here. So at Maggie Tax Advisory and
Financial Group. We put together all those pieces to generate
a complete plan for you. And as I mentioned before,
and I'll say it again, this is so important. Your
future deserves more than just guestwork. Visit our website Maggie
Tax dot com. That's m A G G I t
(37:53):
X dot com. And don't forget every suthing on ABC TV,
tune into the Maggie Tax and Financial Show eight three
to three Maggie Tax.
Speaker 1 (38:01):
Thank you for listening to Maggie Tax and Financial Show
with Robert and Chris Maggie of Maggie Tax Wealth Advisors.
Listen here five to six pm every Saturday and from
eleven am till noon every Sunday, or anytime on the
free iHeartRadio app. And remember you can pay less tax
with Maggie Tax Program. Content provided by Maggie Tax Wealth
(38:22):
and Advisors. Call them at eight three three Maggie Tax
or visit them online at Maggietax dot com
All these years you've saved up planning for a secure retirement,
but if you're not careful, it will be the irs
that is living it up when you retire by taxing
your hard earned money. Welcome to the Maggie Tax and
Financial Show with Robert and Chris Maggie of Maggie Tax
and Wealth Advisors. With over four decades 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 next day from Uncle Sam. Call them at
eight three three Maggie Tax or online at Maggie Tax
dot com and now your host for the Maggie Tax
and Financial Show, Robert and Chris Maggie.
Speaker 2 (00:41):
Welcome everyone. My name is Robert Maggie and you're listening
to the Maggie Tax and Financial Show. I'm here with
my son and co host Chris Maggie. Be sure to
visit our website, Maggie Tax dot com and click on
the retirement tax bill and you can see in thirty
seconds what your tax bill is going to be. So
if you have an IRA or a four to one
K and now today we're going to be talking about
(01:01):
the new tax bill and a lot of people are
concerned about what they're going to pay in taxes when
they start taking their money out of the IRA, So
we're going to talk about that today. But again, go
to my website Maggie Tax dot Com, click on the
retirement tax Bill on the top right, put your numbers
in and in thirty seconds they'll give you a report
and that should enlighten you and then make an appointment
(01:21):
so Chris and I can talk to you about it.
So again, visit Maggie Tax dot Com and every Sunday
at ten thirty, don't forget to tune into the Maggie
Tax and Financial Show. So, Chris, a lot of things
have changed, a lot of things are going to be changing,
and I guess the word is a lot of people
are still going to be confused.
Speaker 3 (01:38):
Well, let's just sit and welcome everyone and thank you
so much for tuning into our show. And each and
every week we talk about tax planning and income planning
and investment planning and also estate planning, and that's what
we do here at Maggie Tax Advisory and Financial Group.
So visit our website at Maggi Tax dot Com. That's
m A G G I t a X dot com.
But today, yeah, let's dive into the Trump big beautiful
(01:59):
bill and how it's impact.
Speaker 4 (02:00):
A lot of people out there.
Speaker 2 (02:01):
Oh yeah, and we get a lot of people calling
right now. So we're going to discuss what the newly
signed federal budget bill may mean for older Americans and
many of you listening today. So number one, there was
major tax changes. This was a big one. It permanently
extends the twenty seventeen tax cuts, no taxes on tips,
a boosted child tax credit, and new deductions. And this
(02:24):
is really going to surface, Chris, when we do the
tax return starting in January for a March and April.
All this is going to come to the head. So
at Maggie Tax and Financial Services, we can help you
navigate what's relevant. You're going to have many questions is
it good for me? Is it not? We're going to
tell you that going to maximize opportunities and protect against
tax surprises, bringing clarity and strategy to a fast changing landscape.
(02:47):
And the biggest thing, Chris, we talk about language and
understanding the words and how this is going to apply
to each and every one. So I know you're going
to have questions and we're going to try to answer them.
So call eight three to three Maggie Tax right now.
I have up rate is standing by, and be sure
to visit maggietax dot com and schedule a review appointment today.
Folks and Chris, you will agree with this. The only
(03:08):
way to understand all of this and get clarity is
to make an appointment, sit down, have a review, and
answer your questions.
Speaker 4 (03:16):
And that's just it.
Speaker 3 (03:16):
Many people out there have taken advantage of that, you know,
brought in their tax return, but on their investments. Let's
look and see how everything's going to impact one another.
And not only do we do tax preparation, we do
tax planning, but also investment planning and income planning and
estate planning. And that's why we do complete planning. So
if you're looking for an advisor out there who can
take care of everything, that's what we do. You know,
(03:37):
many people think, well, I just got to go to
my tax person and I got to go to my
investment person. They're not talking, they're not on the same
page what we are. So this tax bill is going
to impact a lot of people. So when you come
in to meet with us. As my dad's mentioning, we
need to look at your plan and what your tax
return is going to look like. So these are things
that are happening. So pick up the phone, schedule time
(03:58):
to meet with us. Eight three three, Maggie tax.
Speaker 2 (04:00):
We'll stay with what you just said, your plan. The
question is what is your plan? Is it a tax plan?
Is it an income plan? Is it an investment plan?
Is it social security plan? Is it a state plan?
We do seminars every month on a state and taxes,
and you'd be surprised how many people come to our
seminars and they do not have a plan, Chris. And
it's disappointing because they're adults. Okay, they know this, and
(04:24):
yet they do nothing about it until it hits the fan,
and that's too late. So even now with this new bill,
a lot of things are going to change, so it's
really important to understand it. And a couple things that
they went over was the bill includes cuts to Medicaid, Medicare,
and the Affordable Care Act. I'm not going to go
into that right now, but there are answers that we
can give you. There's new Medicaid work requirements and stricter
(04:46):
eligibility checks. Again, it might apply to some of you,
but we'll go over that as well. There's clean energy
tax credits. They're being eliminated. Listen to this, despite campaign promises.
There's no repeal of Social Security taxes. Up to eighty
five percent of benefits may still be taxed for higher earners.
And thresholds haven't been adjusted since the nineteen eighties. And
(05:08):
this is the thing you and I see all the time.
The thresholds are the same, they've never changed. So now
what has to happen is people think, because of what
they were saying, no tax on Social Security, it only
goes a certain extent. And let me give you an example.
Social Security tax repeal. They're blocked by rules. And this
is important for you to understand. It's called the Bird rule.
(05:29):
The Bird rule prevents major changes to social security through reconciliation,
making a full repeal of Social Security taxes procedurally off
limits in this bill. Okay, but what they did give
you is a bonus deduction instead of repeal. So this
bill offers a six thousand dollars bonus standard deduction for
adults sixty five plus. Okay, phased out above seventy five
(05:52):
thousand for individuals and one hundred and fifty thousand for couples,
and it stacks on top of the regular senior deduction.
And Chris, the reason why that's important is because the
standard deduction now for seniors for single and couples has changed,
and now if they qualify for this to get another
six thousand, that basically helps them take more money out
(06:14):
of a retirement account, right and pay no tax and
do a conversion.
Speaker 4 (06:17):
Well that's just it.
Speaker 3 (06:18):
You sit a lot there, So let's kind of digress
here a little bit. A lot of people talked about
how there's going to be no tax on Social Security.
Well that's not going to happen. It's still going to
get taxed if you're over the limits. And that's why
it's so important to do tax planning, especially with your investments,
because if you're pulling money from your investments the wrong way,
then guess what your Social Security could be taxed up
to eighty five percent. So with this bill, there's still
(06:41):
going to be taxed on Social Security, but they're giving
that bonus deduction for you six thousand dollars if you qualify,
So it looks at your other income too, and if
you make over sev seventy five thousand dollars for individuals,
and if your married file and jointly, it's one hundred
and fifty thousand. So you have to make sure that
you're under these numbers. And that's why planning and tax
plan and investment planning is so important, and that's why
(07:02):
we can show you how to maneuver through these things.
But there's still going to be a deduction for you
on SOLI security and if you're married, then you get
the twelve thousand dollars, but if you're individual at six thousand,
you got to make sure that you're looking at those limits.
So what we're saying here is that planning is so crucial.
You know, my dad's been talking about the specifics of it,
but you need to understand that we can make this
(07:24):
simple for you. At Maggi Tax Advisor and Financial Group,
we put together complete plans and complanning, tax planning, investment planning.
But we do make things simple and easy for you
to understand. That's our model and when we go through this,
we're going to help you and strategically think about ways
to reduce your taxes and also look at your investments
and see how they're working together. So pick up the phone,
(07:45):
schedule time to meet with us. Eight three to three
magi tax. You know, we come on in, let's have
a conversation. We have offices three across Tampa Bay area
to help you. So whatever's convenient, let's get together. Eight
three three magi tax.
Speaker 2 (07:59):
You know, it's not just about when people come in,
we always ask them how can we help you? A
lot of you hear our show and watch our TV show,
and there are a lot of strategies and concepts that
we can apply. But you have to sit down and
here's the word I'm going to use, get serious. If
you're serious, that's fine. But if you're just curious and
you're just looking, that's not a problem either, because you
(08:21):
have to be curious about what's going on, like we're
talking about today and throughout the show to understand how
serious you need to take this, because if you don't
take it serious, your tax situation is going to change.
Your income situation is going to change, your investment situation
is going to change, your estate planning is going to change.
And Chris, this is what people I don't know if
the word is panic, they come in and not only
(08:42):
with us, but any advisor. They're just so concerned about
being sold something but not really overlooking this whole plan
of what everything here. From a holistic approach applies.
Speaker 3 (08:53):
That's exactly right, and many people just don't know what
they don't know. And you know, they get their taxes
done and they have a tax liability and they have
no idea, and then they're all upset because they don't
want to pay taxes. But in theory they could have
really just they're in a low tax bracket, but they
just didn't withhold enough. So there's a lot of things
that people just don't understand where we're getting to. And
we talk about distributions. That's why the investment side is
(09:14):
so important. People have investments that I'll call qualified accounts
like iras and formal case, then they have non qualified
accounts that in your checking account or your savings account,
or your non qualified brokerage account. So when we look
at where to take money from, we see this time
in and time out again all the time that people
take a distribution. You know, I need thirty thousand dollars,
(09:34):
and some people go to their IRA and then take it. Well,
they got to pay tax on it, so instead of
getting thirty thousand dollars, they have to gross that up
by maybe twenty percent, so that causes a taxable event,
whereas they can just take a certain amount from their
non qualified account or from their roth IRA and pay
no tax. So that's why it's so important to meet
with us because when we do investment planning, we can
put together an investment plan for you as a fiduciary.
(09:57):
What we talk about is doing the right thing for
you and also bucket planning. You know, there's ways to
have safe investments. There's also ways to have money invested
in the market. There's a lot of different strategies you
can take advantage of. So pick up the phone, schedule
time to meet with us eight three three Maggie Tax
and be sure to visit our website at Maggie tax
dot com and sit an appoyment today. You know, you
need the information that we're talking about here. There's so
(10:18):
much going on. People are confused. People need to know
what they can do with their accounts and their plan,
and that's why we call it your plan. It's the
Maggi Tax Plan to help you with income planning, tax planning,
investment planning, and estate planning. So pick up the phone,
schedule time to meet with us. Eight three three Maggie Tax,
and don't forget every Sunday on ABC TV at ten
(10:38):
thirty for the Magi Tax and Financial Show eight three
to three Magi Tax.
Speaker 4 (10:42):
That's eight three to three Magi Tax.
Speaker 1 (10:49):
Stop funding Uncle Sam's retirement and start planning for your
own successful retirement as we return to the Maggie Tax
Financial Show with your host Robert and Chris Maggie with
Meaggie Tax and Wealth Advisors. For information on how you
can create a tax free retirement. Call eight three three
Maggie Tax, or visit Maggie Tax dot com. Now your
(11:11):
host with Maggie Tax and Wealth Advisors Robert and Chris Maggie.
Speaker 3 (11:16):
Welcome back to The Maggie Tax and Financial Show, the
show where strategy meets clarity and your financial future gets
the attention it deserves. Whether you're building wealth, shielding assets
or just trying to decide in decode what the tax
code really means for you. We got you covered, so
welcome back to the show. I'm Chris Maggan. I'm here
with my dad and coast of the show, Robert Maggie,
and we're talking about the Trump Big Bill and how
(11:38):
it's impacting you. And what we do here is a
tax planning, investment planning, insurance planning, at state planning, so
we do everything.
Speaker 4 (11:45):
It's called complete planning.
Speaker 3 (11:46):
And if your advisor is not talking about how it's
going to affect you, then guess what you need to
start thinking about what to do because your investments impact
your taxes. And if they're not talking about that, your advisor,
your tax planner, or your current investment advisor, then you
know what you deserve to get the planning you need
(12:07):
to make sure that you're not impacted on a negative way.
So pick up the phone, schedule time to meet with us.
Eight three to three Maggie tax. We have obviously on
both sides of the bay. That's eight three to three
Maggie tax.
Speaker 2 (12:16):
And the question that you should be asking yourself is
what keeps you up at night? What's your biggest fear,
what's your concern? And this is the question that you
should be asking your advisor or your CPA. You're a
tax person and we get these questions every single day
from a lot of clients. So there's nothing wrong with
asking the questions, and that's what you have to do
as an individual or a family. Ask questions that concern
(12:39):
you and have them answer it for you, because if
you don't ask the question, you're never going to find
out the answer. It's that simple. Call eight three to
three Maggie Tax Today. I've operated standing by right now.
Be sure to visit Maggie Tax dot com. There's a
lot of information that will help you understand what we
do and set an appointment today. It's up to you.
Eight three to three Maggie Tax. If you'd like more
information about what you hear during the show today, give
(13:01):
us a call eight three to three Maggie Tax, or
visit us online at Maggie Tax dot com. And by
the way, when you're at our website, click on the
retirement tax bill. Check out what your retirement tax bill
will look like, and in thirty seconds you're going to
see what your retirement tax bill will look like. That's
what I'm talking about. It's about education, it's about having
you understand the language. So if you have an IRA
(13:22):
or four oh one K, click on the retirement calculator
and in thirty seconds it will show you your what
your retirement bill is going to be look like. But
remember each situation is different. So eight three to three
Magie tax call. Right now, we have operated standing by.
You have to do something. You have to design a plan,
you have to get answers to your questions. And that's
the way to do it. And buried in the hundreds
(13:44):
of budget line items that are real changes that may
hit your wallet, your taxes, and your future plans. They're
going to change. So sit down and get serious. If
you want to be curious, that's fine. I have no
problem with that, but you're going to have to get
serious at one point. And Chris, I think that's the
problem that a lot of people have because of the elections,
because of the waiting for the tax bill, waiting, waiting, waiting, waiting,
(14:08):
and you can't wait any longer. So you've got to
get serious about this and you have to do something
about it.
Speaker 3 (14:13):
Exactly so withgards to taxes, one of the biggest ticket
items in this new budget is the permanent extension of
the twenty seventeen tax cuts. Those cuts were set to expire,
but now they're here to stay. So in total, there
are nearly seventy tax related changes backed into this budget,
and for US, some of the most attention grabbing items
include a bump in the standard deduction, so there's seven
(14:36):
hundred and fifty dollars more for individuals now at fifteen thousand,
and fifteen hundred dollars for more couples now at thirty thousand.
There's also a bonus deduction for seniors of up to
six thousand dollars for tax years twenty twenty five to
twenty twenty eight. For the Social Security there's also an
increase in the child tax credit to twenty two hundred
dollars in twenty twenty six. There's also bigger a state
(14:58):
and gift tax exemptions, and some also other headlines generators
like no taxes on tips or overtime pay from years
twenty twenty five through twenty twenty eight, so even interest
on their new auto loans up to ten thousand dollars
is excluded during that period, although it's limited to vehicles
assembled in the United States. So where we're going with this,
(15:20):
there's a lot of new items here and how is
it going to impact you and your financial situation? So
we urge you to pick up the phone schedule time
to meet with us. Let's send an appointment. Let's get together,
Let's have a conversation. Let's talk about your taxes and
how this is going to relate to your social security,
to your future retirement. What about your investments? Many people
(15:40):
out there have no idea where to invest their money
or what to do with their old form one k's
where we can help. We can put this together. What
about distribution planning? Where do you take your money? Do
you take your money from a qualified account or a
non qualified account or a roth ira to limit the
most tax exposure? How do you go about doing this?
Where we can help. And then when you put together
(16:01):
in a state plan, this is your money, so you
want to make sure that you keep it all intact
in your family. So we can help put together the
estate planning items such as a will or a trust
or a power of attorney. So these things that our
firm can do to help you. So pick up the phone,
schedule time to meet with us. Eight three to three,
Maggie Tax.
Speaker 2 (16:17):
So the big question that we get every day is
how can Maggie Tax help someone make sense of this
new budget bill. There's so many pieces to it. Some apply,
some don't. So set an appointment and let's explain the
new language and help you understand. The newly passed federal
budget is packed with tax changes, spending shifts, and policy
updates that could impact your wallet for years. Remember something.
(16:39):
It's over eight hundred pages this new bill. You're not
expected to learn them all, but we want to get
the pieces for you so that it applies to you.
And unless you're a broker or advisor understands the new
tax changes, they will not take the time to discuss
all of this with you. That's what we do at
Maggie Tax, line by line. We want to make sure
from your tax return how it applies to you. Some
(17:00):
of this doesn't but many of it does, and you'd
like to know. We're going to tell you about that.
So that's what we do. Simple and easy to understand.
One of the things that we talk about the Maggie Plan.
People say, what's your process? What do you do? Well?
The Maggie Plan is simple. It's simple and easy to understand.
It's a tax plan and what we're talking about here
how these tax changes are going to affect you. It's
(17:22):
an income plan. How much income do you need and
where you're going to get it from. Like Chris mentioned before,
is it going to come from a qualified account or
a non qualified account? Is it taxable or non taxable?
Are you going to pay the right amount of taxes
or are you going to owe taxes? These are questions
that we address with every single client. So set an appointment.
Eight three to three Maggie Tax. We have offices in Loots,
(17:43):
we have an office in Palm Harbor. We have an
office in Saint Pete. Pick up the phone and let's
have a conversation. Let's do a simple review and answer
the question that we asked before. What keeps you up
at night? And many people were up at night because
of this new tax change, So you know, don't be
afraid to write the questions down. Ask the question, Let's
give you the answer and make it simple for you.
(18:04):
Eight three to three Maggie Tax.
Speaker 3 (18:06):
We laid the groundwork, but now it's time to connect
the dots. Coming up next, we'll dive into investment planning
and how the new tax bill isn't just changing tax deductions,
it's reshaping strategy from capital gains to roth conversions. The
rules are shifting and smart investors are already adjusting. If
your portfolio isn't aligned with the new tax landscape, you
could be leaving serious money on the table. So stick around.
(18:29):
We'll be breaking it all down. Eight three to three
Maggie Tax. That's a three to three Maggie tax. And
don't forget Tune in every Sunday on ABCTV to the
Maggie Tax and Financial Show. It's a thirty minute show.
Eight three to three Maggie Tax.
Speaker 1 (18:43):
Stop funding Uncle Sam's retirement and start planning for your
own successful retirement. As we return to the Maggie Tax
Financial Show with your host Robert and Chris Maggie with
Maggie Tax and Wealth Advisors. For information on how you
can create a tax free retirement, call eight three three
Maggie Tax or visit Maggie Tax dot com. Now you're
(19:05):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 3 (19:10):
Welcome back to the Maggie Tax and Financial Show. And
I'm here with my dad and coast of the show,
Robert Maggie. So we're talking about a lot of different
things today, but taxes just changed again. And if you
think it's just about brackets and deductions, well to start
thinking bigger. The new tax bill is rewriting the rules,
and your investment strategy needs to keep up. Whether you're
managing a portfolio, building retirement income. We're just trying to
(19:32):
stay ahead. This isn't the time to guest. And today
we're breaking down how smart investment planning intersects with the
latest tax changes and what you can do right now
to protect gains, minimize exposure, and stay strategic.
Speaker 4 (19:45):
That's what we do. And so Dad, let's talk about here.
Speaker 3 (19:49):
One of the things that we talk about is investment
planning and how it correlates to taxes.
Speaker 2 (19:54):
So what do you want to add, Well, let's talk
about one of the biggest thing. People ask about capital
gains and timing strategies. How does that apply? And we
get these questions all the time. What do we normally
explain to our clients, what strategies, what you know, concepts
we could use.
Speaker 3 (20:08):
Well, we want to explore how changes the capital gains,
tax rates, or the threashows affect when and how investors
should realize these gains. Let's talk about what realizing gains means.
Because there's unrealized there's realize gains. Many people have no
idea what that means. But let's use this example. Say
you put one hundred thousand dollars in an investment and
maybe six months from now it's worth one hundred and
twenty thousand. Well, that one hundred thousand went up to
(20:31):
one hundred and twenty that's a twenty thousand dollars what
we call unrealized meaning it hasn't been sold, so it's
unrealized gain. So if you sell it, then you got
to pay tax on the twenty thousand dollars gain. Once
you realize the gain is when you actually sold it,
so then you got to pay tax on that twenty thousand.
So the tax brackets changed. Sometimes it's zero percent tax
(20:53):
on these gains. Sometimes it's fifteen percent, sometimes it's ten percent,
sometimes as much as twenty percent on capital gains, depending
on your income. So why is tax planning and investment
planning so important to work together and have the right advisor.
Speaker 2 (21:09):
Well, because when you get your taxes done and you
start to see what the bottom line is and you
pay a lot of tax, and the question we get,
I think I'm paying too much in taxes, and the
answer is no, you're not. You're not paying enough. And
there's a perfect example what you're talking about. If they
sold a stock or they had a large capital gain,
that applies, and it applies in income that they have
on their tax return, and it's either going to raise
(21:30):
their taxes, which I would bet ninety percent of people
and you and I know this, don't withhold enough taxes
when they do something like this, when they sell a
stock or a piece of property, they just get the
money and they don't do nothing with it.
Speaker 4 (21:42):
That's exactly right.
Speaker 3 (21:43):
So tax planning throughout the year, whether it's January, February,
March able, June, whatever, August, September, it doesn't matter. We're
always talking about tax planning as well as how it
it relates to your investment. So we can sit down
with you and show you that if you sold that
investment and you had a twenty thousand dollars gain, maybe
this you know tax to pay, Maybe you will be
encouraged to pay the fifteen percent tax.
Speaker 4 (22:03):
I don't know.
Speaker 3 (22:04):
That's why everything that we look at is your complete plan.
We'll look at your taxes, your investments, your income. We'll
talk about all these different things and then give you the
advice so you can pull a trigger on what to
do is best for you, So pick up the phone,
schedule time to meet with us. We have office on
both sides of the bay to help you. Eight three
to three Maggie Tax. What other stuff that we can
talk about.
Speaker 2 (22:23):
Well, in addition to that, they are always to offset
the capital gains tax, which we can show you, but
we can't do this on the radio. So if you
have a highly appreciated stock or property, you need to
call us. Eight three to three Maggie Tax. Let's sit down,
show you that strategy and you will be shocked that
you didn't know this, but you can do it and
it's all right by the book.
Speaker 4 (22:42):
Well that's just thing. I mean, you mentioned a great point,
and you're right.
Speaker 3 (22:44):
We can't talk about it today because it's on there's
too much to talk about on the show. But what
we're mentioning is we're more than happy to talk about
how it's going to affect you. Let's just use an example.
Say you have one hundred thousand dollars property. Now it
grows to a million, there's a nine hundred thousand dollars
capital gain tax. Well that's gonna pay a hot in
tax right there. But how can you bypass the capital
(23:04):
gains tax.
Speaker 2 (23:05):
Well, the strategy we use, we'd use different types of trusts,
use a crut or a crat that a lot of people,
you know, are surprised and don't know about, but you
can look it up. It's real and it's legal and
a lot of people take advantage of this to avoid
the capital gains exactly.
Speaker 3 (23:18):
So that's why it's so important to meet with us.
So pick up the phone, schedule time aid three three Maggie.
Tax will be more than happy to go over this
with you if you have highly appreciated gains.
Speaker 2 (23:27):
And there's another reason why we encourage you to give
us a call, sit down and talk to us about this. See,
everybody out there has a different situation. Some have capital gains,
some have losses, et cetera. You know they talk about
discussed tax loss harvesting opportunities and the importance of holding periods.
We can go into that. But those are things Chris,
that some people know about some people don't. But if
(23:47):
we get the right person and we explain it and
it benefits them, do you think they'd want to know?
Speaker 4 (23:52):
Absolutely.
Speaker 3 (23:52):
That's called tax planning correlating to your investment. So work
with an advisor who does both. You're leaving a lie
out on the table if you have an advisor that's
dealing in your investments that has no idea what taxes
and how they're going to affect you. So pick of
the phone. We can do it for you. Eight three
to three magi a tax. We can do both investment
planning as well as a tax planning eight three to
(24:13):
three magi tax.
Speaker 2 (24:14):
So let's kind of skip gears here and talk about
a lot of questions. We get roth conversions and retirement accounts.
This is important now in talking today about the deductions,
your standard deduction and now the extra six thousand that
you can put. There's ways that you can reduce the
tax on your IRA in four oh one k. Again, Chris,
if they just use the strategy that we're.
Speaker 4 (24:34):
Talking about, that's exactly right.
Speaker 3 (24:36):
So you know, the new bill impacts wroth conversion, timing,
contribution limits, and also requirement and distributions. You know what
our requirement in distributions. While we're on the topic, Dad,
let's talk about that.
Speaker 2 (24:46):
Oh man, let me give you an example right now.
I had a gentleman call me the other day. He
had a million dollar IRA and he said, Bobby, you know,
I'm sixty five years old. When do I take this
thing called the R and D it's required minimum distribution.
The that he had and he didn't understand, is that
at seventy three, because of the new rules, he has
to take out the required amount based on a certain percentage.
(25:08):
When we ran the illustration that I'm encouraging all of
you to go to on our tax on our Maggie
Tax website, he was shocked that he had to take
out almost forty thousand out of one account and forty
thousand out of another. But the shocking part Chris was
that it went on his tax return, brought him to
a higher tax bracket and caused him a big tax,
(25:28):
and he didn't want to do it. So one of
the strategies we use a strategic rollouts where we had
seven years from sixty five to seventy three to roll
his money out based on his tax situation and his
tax bracket, to pay the least amount of tax and
have more tax free money. How good is that?
Speaker 3 (25:45):
My gosh, that's called tax efficient planning with your investments,
and that's what we do. So, you know, instead of
having a forty thousand dollars distribution that he didn't need
or want. It just raised his income. He didn't want
to pay the tax on it because now he's in
a higher tax bracket. It's still security getting tax eighty
five percent. And guess what he's saying, this is not
what I want to do. I wish I had the planning.
So that sixty five year old who was in a
(26:07):
similar situation, we did some strategic planning. So now when
he got to seventy three, because that's the age that
you have to start taking what they call the requirement
in distribution, he didn't have to take out forty thousand.
Now we just create a tax free bucket for himself.
Now the RMD requirement in distribution was a lot less
and guess what Now his tax on Social Security was
zero and he had the income that he wanted in
(26:28):
the most tax deficient way. So where we're going with
this is pretty simple. I know a lot we're talking about,
but complete planning. Make this simple for you. Create the
Maggie plan. The Maggie Plan is simple. It's a plan
for you. It's your plan, it's your money. It consists
of tax planning, income planning. Where's the best spots to
take your money in the most tax efficient way. Investment planning.
We'll get into that in a little bit. But how
(26:49):
can you invest your money in the right portfolios for
growth and for security and preservation of your money? What
about state planning? We do all these things to help
you eight three three Maggi.
Speaker 4 (26:58):
Tax.
Speaker 2 (26:58):
The biggest question that we ask all of you is
do you have a plan? What we're talking about taxes,
We're talking about investments here. So let's go to another topic.
What about tax efficient investment vehicles? We get this all
the time, you know, we look at their portfolio that
got all these portfolios in there, different accounts, and they go,
where's the tax efficient investment vehicles? Where are they? Why
(27:19):
is it my advisor telling me so, Chris, Why don't
we just dive into that a little bit?
Speaker 3 (27:23):
Absolutely Well, we can compare the tax treatment of ETFs
called exchange trade of funds, municipal bonds, reats, real estate
investment trust See a lot of people use mutual funds.
There's diffiden pain stocks onder the new rules. These are
the things that we're talking about. Asset allocation, what's taxable,
what's tax advantage?
Speaker 2 (27:42):
Growth?
Speaker 3 (27:43):
These are the things I mean a lot of people
are talking about exchange trade of funds and how they're
cost efficient, and how do they put together in your
investment plan to generate tax efficiency and also lower costs.
These are the investment side that when you come to
meet with us, we're going to analyze all these different
vehicles for you. We see a lot of people come
on in and they have no idea what type of
(28:03):
risk they're taking with their money. They're taking a lot
of risk, but they want preservation of their money. Some
people want more growth, but guess what, they're too conservative
in their investments. So how do you allocate this well,
text diversification and investment allocation. These are things that we
can do on the investment side to help you. So
pick up the phone, schedule time to meet with us.
If you have accounts that are all over the place
(28:24):
and just have piles of money, then now is the
time that put those piles into buckets where we strategically
have a purpose with them. And that's what we can
do on the investment side. You know, whether it's for growth,
whether it's for safety, whether it's for inflation protection. We
can always sprinkle an inflation protection bucket on there to
with maybe gold or precious metals or something that's actively managed. Right,
(28:45):
these are the things that we can do. So there's
a lot here to help you. Eight three three magi tax.
That's eight three three magi tacks.
Speaker 2 (28:51):
One of the biggest things that we talk about is
asset allocation, and most people that we talked to don't
understand asset allocation, especially when we talk about like red money,
green money, and how to protect it because what we
see most of the time is that people have their
money in risk, not in non risk. And when we
sit down and do this asset map that we talk
about here, it's going to help them understand absolutely.
Speaker 3 (29:13):
So that's why it's so important to pick up the phone,
schedule a time to meet with us. A three three
magi atax. We have obvious on both sides of the
Bay three office in the Tampa Bay area. Visit our
website Maggie tax dot com. That's m Aggi tax tax
dot com.
Speaker 2 (29:29):
So what we've done today is we've unpacked how the
new tax bill reshapes investment planning from capital gains, which
is a big question to roth conversions. But strategy alone
isn't enough to truly protect and grow your wealth. Every
piece needs to work together. Taxes, investments, insurance, state planning,
cash flows. Is your plan set up that way? And
(29:50):
you know this is what we try to do with
every client coming in because you have to see how
do you get the first base to second base to
third how do you score that run? And scoring that
run means tax save, investment planning, income planning. This all
ties together. I know it's simple that I'm saying that,
but this is exactly how you have to look at
your investments. Give us a call eight three to three,
(30:10):
Maggie Tax. We have offices on both sides of the bay,
and you know the thing is right now that people
are confused and isolated. So next up we're putting it
all together. What does a complete financial plan actually look like?
And how do you build one that adapts, protects and
performs for you? And that's the way it's going to be.
So stick around because clarity isn't just comforting, it's powerful.
(30:34):
Eight three to three Magie Tax.
Speaker 1 (30:38):
Stop funding Uncle Sam's retirement and start planning for your
own successful retirement. As we return to the Maggie Tax
Financial Show with your host Robert and Chris Maggie with
Maggie Tax and Wealth Advisors. For information on how you
can create a tax free retirement, call eight three three
Magie Tax or visit Maggie Tax dot com. Now your
(31:00):
host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.
Speaker 2 (31:05):
Welcome back to the Maggie Tax and Financial Show, and
you can go to our website Maggie Tax dot com.
Be sure to give us a call eight three to
three Magi Tax. We talked about an awful lot today,
so make an appointment. Let's answer your questions. And you've
heard the process. So you've heard the pieces, tax strategy,
investment planning, retirement moves. But now it's time to bring
it all together. What are you doing about it? What
(31:26):
is your biggest question and what would you like to
be answered? A complete financial plan isn't just a stack
of statements or a few guesses that's not going to work.
It's living a blueprint, your blueprint built to adapt, protect
and perform through every season of life. We call it
the Maggie Plan. It's really simple and easy to understand.
It's a tax plan, it's an income plan, it's an
(31:47):
investment plan. It's an estate plan. It's a legacy plan.
So do you have that? And if you don't, give
us a call. That's what we're talking about today eight
three to three, Maggie Tax.
Speaker 3 (31:56):
And today we're walking through what truly integrated plan looks like,
the core components, the common gaps, and how to make
sure your money is working as hard as you are.
So pick up the phone eight three three, Maggie Tax.
Let's put together a plan for you. We have always
on both sides of the bay to help you. So
the first part of this whole thing is integration is
everything you know. A strong financial plan aligns with tax strategies,
(32:20):
investment opportunities, insurance, and estate planning into one cohesive system,
not silated decisions. And when we do this, we see
because we've been in the business, we've been in this
business so long that we see that many people come
in and they have a retail advisor. What's a retail advisor?
Retail advisor someone who just sells a product. Maybe they
sell them an investment. Maybe they just do the tax preparation.
(32:43):
They don't do any planning, they don't do any tax
strategies to harvest, they don't do any estate planning. So
what we're talking about here is when you work with
an advisor and you deserve this. That's where the big
boys are. They have complete planning. When you think about athletes,
they have many people working for them, they just don't
have They don't sign these deals, these record breaking contracts
(33:05):
and have one advisor just selling them a product. They
have a team, and that's where we are at Maggi
Tax Advisor and Financial Group. We have the components to
help you put together your plan, a three to three
mag atax.
Speaker 2 (33:17):
And one of the things that's important is most plans
that we see miss the mark because it's not prepared correctly.
Common gaps include outdated assumptions they were maybe a year ago,
two year ago, not like today. Lack of coordination between advisors.
Does your advisor talk to your tax person? Does your
tax person talk to your advisor? Not really? And failure
to stress test for real life scenarios. What's the situation
(33:41):
today as opposed when you did that a year ago.
So your plan should be proactive, not reactive, and the
best plans anticipate change because that's what it is. Change
is happening everywhere every day on everything from market shifts
to life transitions and adjust with precision, not panic. And Chris,
I think what happens is a lot of people they panic,
they don't know, and they do until they come in.
(34:03):
And we've seen it many times. The person the couple
will sit here and go like, wow, my guide does
and tell me about that, and you know what the
problem is you as well, you should be asking, don't
be afraid, And that's the way it works.
Speaker 4 (34:14):
Well, that's the thing.
Speaker 3 (34:15):
I mean, many people they seek help, right, they're looking
for the right advisors. You're listening to today's show. You're thinking, well,
should I go see them or should I just stay
with my advisor? Well, think about it. If you're looking
for a complete plan, then come see us. Let's have
a conversation. We're adults, right, I mean, if things are
in line and you like the processes that we have
to help you, then we can implement the plan. You know,
(34:37):
if you meet with us and you don't like what
we do, or you like what your advisor does, then
you can stay with them. But you owe it to
yourself to do the right thing for yourself and your family.
Because we talk about we talk about the changes and
tax laws that and the bills and the things are changing.
We just heard that throughout today's show. And if you're
not doing anything about it, you're missing the opportunity for
(34:58):
yourself and your family.
Speaker 2 (35:00):
And one thing I'll say, and I said it before,
if you're curious, then you should be. This is what
this show is supposed to do. Make you curious about it,
and then let's get serious because that's the blueprint, not
just theory, but a framework you can act on because
a complete financial plan isn't built in a day. And
let me give you an example. If someone and you
meet with an advisor and they want to move everything
that you have, whoa slow it down, do a little
(35:22):
piece of a time and build it the way you
want it. Not just jump in and see how deep
it is. Let's see how this thing progresses. But it
starts with one decision, Chris. One decision to see where
the groundwork starts and then build it from there.
Speaker 3 (35:34):
And that decision is very very simple. I mean, if
you listen today's show, pick up the phone, schedule a
time to meet with this. You know, we're a family business.
We've helped a lot of people, but we make things
simple for you to understand and decision that you need
to make is if I want to come in and
meet with you and let's do it. You know, again,
we're adults. Let's have a conversation and we're not going
to sell you anything. That's what we're looking for. We're
(35:55):
looking to help you. We're looking to put together a
pleatropilian because you deserve it. Eight three three baggie tax.
That's eight three three magitax.
Speaker 2 (36:02):
And think about it this way, whether you're refining your strategy,
you're building from scratch, the goal is the same clarity,
control and confidence in every dollar that you earn, every
dollar you invest and protect. And that's where I think
a lot of people don't see that because they look
at the whole pile. We talk about piles of money,
but you should be looking at piece of it a
(36:23):
little bit out of time. And that's what we do
because I think the intimidating fact that Chris mentioned it before.
A retail advisor is going to sell you the whole
ball of wax. Okay, a complete advisor is not going
to do that. That's what we're talking about today, income planning,
tax planning, okay, state planning, and this is what you
have to think about because things have changing, and now
that you know about the new tax bill and how
(36:44):
it's going to affect you, sit down and let's do it.
Let's do it. Let's do a review. You have nothing
to lose, Okay, nothing to lose, but knowledge and understanding
what the language is in your plan, not the language
in someone else's planning. Chris, I think that's basically where
I see and you see it the same thing. Every day.
We get calls every day, what about this? What about that?
(37:04):
That means you curious? Okay, if you're curious, there's nothing
wrong with that, and I hope the show makes all
of you curious, but seriously, get serious.
Speaker 3 (37:12):
Absolutely so, we thank you so much for joining us today.
If this spark questions or ideas, don't let them sit idle,
reach out, dig deeper and take the next step. Your
future deserves more than just guestwork. So if you want
an income plan, we can help. If you want an
investment plan, we can help. If you want tax strategies
to help you reduce your taxes, we can help. If
(37:33):
you want a state plan, we can help. And that's
what we do here. So at Maggie Tax Advisory and
Financial Group. We put together all those pieces to generate
a complete plan for you. And as I mentioned before,
and I'll say it again, this is so important. Your
future deserves more than just guestwork. Visit our website Maggie
Tax dot com. That's m A G G I t
(37:53):
X dot com. And don't forget every suthing on ABC TV,
tune into the Maggie Tax and Financial Show eight three
to three Maggie Tax.
Speaker 1 (38:01):
Thank you for listening to Maggie Tax and Financial Show
with Robert and Chris Maggie of Maggie Tax Wealth Advisors.
Listen here five to six pm every Saturday and from
eleven am till noon every Sunday, or anytime on the
free iHeartRadio app. And remember you can pay less tax
with Maggie Tax Program. Content provided by Maggie Tax Wealth
(38:22):
and Advisors. Call them at eight three three Maggie Tax
or visit them online at Maggietax dot com
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