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Speaker 1: All these years you've saved up planning for a secure retirement,

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Speaker 1: but if you're not careful, it will be the irs

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Speaker 1: that is living it up when you retire by taxing

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Speaker 1: your hard earned money. Welcome to the Maggie Tax and

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Speaker 1: Financial Show with Robert and Chris Maggie of Maggie Tax

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Speaker 1: and Wealth Advisors. With over four decades of combined experience

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Speaker 1: and tax savings, income planning, and investment opportunities, Robert and

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Speaker 1: Chris share advice and tax planning strategies designed to protect

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Speaker 1: your retirement nest day from Uncle Sam. Call them at

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Speaker 1: eight three three Maggie Tax or online at Maggie Tax

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Speaker 1: dot com. And now your host for the Maggie Tax

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Speaker 1: and Financial Show, Robert and Chris Maggie.

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Speaker 2: Welcome everyone, and thanks for joining us today. My name

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Speaker 2: is Robert Maggie and I'm here with Chris Maggie. You're

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Speaker 2: listening to the Maggie Tax and Financial Show. Be sure

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Speaker 2: to visit our website, Maggie Tax dot com. Click on

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Speaker 2: the retirement calculator. We're going to be talking about this

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Speaker 2: on every show and see what your retirement tax bill

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Speaker 2: is going to be if you have an IRA or

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Speaker 2: a four oh one K. And then also look at

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Speaker 2: where it says seminars. We are doing seminars every month

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Speaker 2: on taxes, social security, and the wills and trust and

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Speaker 2: register for one. It's a sixty minute seminar. It's no cost,

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Speaker 2: no obligation. They're all at libraries. We've had fifty sixty

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Speaker 2: people attend, So if you're interested, give us a call

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Speaker 2: eight three to three, Maggie tax I want to get

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Speaker 2: to the point right now, Chris, because today we're going

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Speaker 2: to be talking about tax risk for all of you.

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Speaker 2: There's going to be a lot of things happening in

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Speaker 2: the next year or so, a lot of people that

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Speaker 2: we see every day, Chris. The biggest question is what's

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Speaker 2: your biggest concern and what do they say?

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Speaker 3: They say, taxes.

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Speaker 4: That's right, So welcome everyone. I'm Chris, Maggie, and thank

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Speaker 4: you so much for tuning into our show. Taxes, taxes, taxes,

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Speaker 4: that's our biggest expense and people need to be aware

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Speaker 4: of how the taxes are going to affect your retirement savings,

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Speaker 4: your future income, and also your investments. So stay tuned

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Speaker 4: today throughout today's show. Pick up the phone, schedule a

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Speaker 4: time to meet with us. If you have questions, let's

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Speaker 4: put together a tax plan and esmen plan and income

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Speaker 4: plan for you, so we can show you where your

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Speaker 4: income is going to be in the future, and how

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Speaker 4: the taxes are going to affect retirement accounts that you

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Speaker 4: have put away, and how it could be really hurtful

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Speaker 4: if you don't plan the right way. So think of

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Speaker 4: the phone a three to three Maggie Tax, Visit our

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Speaker 4: website at Maggie Tax dot com, and don't forget. Every

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Speaker 4: Sunday on ABCTV at ten thirty am, tune in for

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Speaker 4: the half an hour Maggie Tax and Financial Show.

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Speaker 3: So nearly all Americans believe a myth.

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Speaker 2: And every time savers look at their iras, they take

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Speaker 2: part in what they call the Great American Savings myth,

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Speaker 2: and they believe that money is theirs. And it's an

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Speaker 2: easy myth to accept. So when you look at your

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Speaker 2: IRA statement and let's say you have a balance of

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Speaker 2: five hundred thousand, and you start thinking of ways you

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Speaker 2: can spend the five hundred thousand, How much income can

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Speaker 2: you generate, What trips you're going to might want to take,

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Speaker 2: or where you want to finance a car or something.

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Speaker 2: Those are things that go through your mind. But listen

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Speaker 2: to me. Your account is not worth five hundred thousand.

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Speaker 2: That's because you're IRA and all qualified accounts have a

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Speaker 2: silent partner, Uncle Sam and the irs, and Uncle Sam

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Speaker 2: owns a part of your IRA and he's going to

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Speaker 2: collect it in taxes. And Chris, I think that's the

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Speaker 2: problem right now that people do not see at the

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Speaker 2: end of the rainbow as you and I do every

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Speaker 2: day we talk about this, and then people are just

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Speaker 2: totally shocked, like, Oh, I don't have that much money.

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Speaker 2: Why would you be shocked? You know you have to

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Speaker 2: pay this bill.

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Speaker 5: Well, that's just it.

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Speaker 4: I mean, you have a pile of money just sitting

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Speaker 4: there and it's been growing tax deferred for so many years.

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Speaker 4: But now it comes to the point where the distribution

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Speaker 4: phase is right here for you, and it's approaching or

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Speaker 4: you're in it right now.

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Speaker 5: So what do you do? But think of it this way.

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Speaker 4: If you have a twenty five percent tax liability, Uncle

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Speaker 4: Sam owns twenty five percent of that account of that IRA,

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Speaker 4: So that's one hundred and twenty five thousand dollars. In

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Speaker 4: our example that we just used, you only own seventy

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Speaker 4: five percent of your IRA, so you only own three

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Speaker 4: hundred and seventy five thousand worth of it, But so

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Speaker 4: think of it that way. Is that enough money for

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Speaker 4: you to retire? Is that enough money that you can

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Speaker 4: generate interest on so you can supplement that income that

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Speaker 4: you need every month when you retire. That's the questions

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Speaker 4: that you have. Those are the questions that we can

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Speaker 4: answer for you. So pick up the phone, schedule time

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Speaker 4: to meet with us, because this is very crucial. Can

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Speaker 4: you work, should you work? Do you need to work?

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Speaker 4: So when we say stop funding Uncle Sam's retirement, that's

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Speaker 4: exactly what we're speaking about. Tax deferred savings have become

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Speaker 4: a mainstreay of American retirement plans, and with it has

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Speaker 4: come the Great American savings myth. When savers plan based

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Speaker 4: on their IRA account values, their risk overestimating the amount

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Speaker 4: of assets that they actually have in retirement because they

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Speaker 4: forget about the tea word. Taxes, taxes, taxes. So that's

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Speaker 4: why it's so important to meet with us. Pick up

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Speaker 4: the phone, schedule time to meet with us. Let's look

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Speaker 4: at your tax plan, your income plant, and your investments

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Speaker 4: plan to show you how they all work together.

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Speaker 5: Do the best thing for you.

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Speaker 3: So what do we do about this?

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Speaker 2: So conversion strategies are gaining popularity as savers convert the

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Speaker 2: tax deferred assets to assets with tax free growth. And

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Speaker 2: we get that question every time, how do we convert

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Speaker 2: our money? Is it the right thing to do? What's

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Speaker 2: the tax going to be? And when we run a

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Speaker 2: mock tax return, we can strategically show you the right

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Speaker 2: way to do it. The naysayers often can't stomach the

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Speaker 2: large tax bill today, but they forget that part of

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Speaker 2: their IRA was never there to begin with.

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Speaker 3: And that's the deal you made.

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Speaker 2: Back when you said I'm going to take tax deferral

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Speaker 2: and pay the taxes later. And I'm sure some of

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Speaker 2: you are true followers of Dave Ramsey. How many know

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Speaker 2: Dave Ramsey. Many of you are committed to getting debt

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Speaker 2: free in all aspects of your finances. But Ramsey and

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Speaker 2: his followers overlook a huge debt. Nearly every American carries

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Speaker 2: and it's their debt to Uncle Sam. So do you

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Speaker 2: have funds and qualified accounts? If so, then you are

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Speaker 2: not debt free. And here's why. When you look at

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Speaker 2: your IRA statement you see a balance of five hundred thousand,

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Speaker 2: and you start thinking of how you will manage and

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Speaker 2: spend that five hundred thousand, But you will forget that

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Speaker 2: account is not worth five hundred thousand simply because every

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Speaker 2: IRA and four to one K includes a debt to

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Speaker 2: Uncle Sam, and you begin paying back that debt the

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Speaker 2: day you start with drawing funds and they have to

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Speaker 2: pay taxes on them. And Chris, from a tax standpoint,

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Speaker 2: you and I see this every day when you do

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Speaker 2: a mock tax R and then you start adding into

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Speaker 2: R and D, it kind of blows these people away.

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Speaker 5: Well that's just said.

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Speaker 4: I mean people are just not aware of what is

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Speaker 4: really going to come in the front door when they

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Speaker 4: need their income from those accounts.

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Speaker 5: I mean, think about it.

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Speaker 4: You know, you retire, you take social Security, maybe you

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Speaker 4: have a pension, but then you have to fill this

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Speaker 4: income gap. So where do you take your money from?

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Speaker 4: And most people to say, oh, let's take it from

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Speaker 4: my four one K, or I'll take it from this IRA,

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Speaker 4: or I'll take it from my husband's IRA. Well then

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Speaker 4: again you have to take more out just to net

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Speaker 4: the amount you need. So what are you doing about it?

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Speaker 4: That's why we talk about creating an income plan for yourself.

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Speaker 4: What's an income plan. It's not just taking money out

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Speaker 4: of those accounts and draining them. Why not put together

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Speaker 4: buckets of money where you have guaranteed income where you'll

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Speaker 4: never outlive it.

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Speaker 5: I don't care how long you live.

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Speaker 4: It'll always pay you, like your own family pension plan.

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Speaker 4: And you can have other buckets out there that you

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Speaker 4: can grow and keep growing on a tax deferred basis.

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Speaker 4: But you don't need to if you can get some

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Speaker 4: of this money out and pay the taxes now so

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Speaker 4: you have tax free money in the future. So put

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Speaker 4: together a plan we can help eight three to three

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Speaker 4: Maggie tax.

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Speaker 3: And one thing we always talk about.

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Speaker 2: The Trump tax cuts are going to expire in two years,

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Speaker 2: and the question is what are you doing about it?

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Speaker 2: So talking today about this, you need to be thinking

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Speaker 2: about it today and stop planning on it. When the

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Speaker 2: Trump tax cuts expire. We don't know what the tax

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Speaker 2: bill is going to be. So taxes are your biggest

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Speaker 2: debt to Uncle Sam. And you have to remember that

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Speaker 2: you owe money. Everyone out there does. In truth, you

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Speaker 2: pay back the debt with interest. After all, you decided

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Speaker 2: to defer taxes on your IRA contribution, which was a

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Speaker 2: good thing, but you're paying taxes on the contributions and

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Speaker 2: your account growth. So think about it. Grow, grow, grow,

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Speaker 2: that's the message, right, Chris, grow, grow grow. But at

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Speaker 2: the end of that, guess what you have. You've got

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Speaker 2: a big oak tree with a lot of branches and

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Speaker 2: those are going to be taxes you're going to pay.

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Speaker 5: And that's just it.

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Speaker 4: So that's why we have and we say each and

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Speaker 4: every day those accounts that are infected with taxes. So

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Speaker 4: who wants to be infected with something not good things

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Speaker 4: if it comes to your health or even taxes? Right,

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Speaker 4: So what do you do about it? You have to

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Speaker 4: diffuse the tax time bomb. And that's what we can

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Speaker 4: show you how to do. What if you do a

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Speaker 4: strategic rollout, What if you're able to come up with

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Speaker 4: some tax saving strategies to offset the tax and create

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Speaker 4: a tax deduction?

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Speaker 5: Would you want to know?

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Speaker 4: Absolutely? But most advisors out there don't care. They don't

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Speaker 4: care about the rest of the story. And the rest

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Speaker 4: of the story is taxes. Anybody can can have your

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Speaker 4: account grow. You can do it yourself. That's what it's

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Speaker 4: not about. It's about the end of the story. And

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Speaker 4: when you start taking a distribution, how much you're gonna

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Speaker 4: pay Uncle Sam. So pick up the phone, schedule time

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Speaker 4: to meet with us. We can do the investment planning.

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Speaker 4: We could put together an income plan and show you

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Speaker 4: how it's going to relate to your taxes. We could

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Speaker 4: put together a tax plan and show you exactly what

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Speaker 4: you're going to pay in tax. We have with a

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Speaker 4: client last week and it was great. We've have my

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Speaker 4: clients with us for five years, and they said, well,

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Speaker 4: how do we start taking money out and what's it

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Speaker 4: going to look like. Well, I showed them the sole

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Speaker 4: security that's going to come in. I showed them the

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Speaker 4: small pension that's going to come in. I showed them

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Speaker 4: how to take their accounts from the right buckets of money.

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Speaker 4: And guess what they're going to be in a two

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Speaker 4: percent effective tax rate and they're going to get seventy

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Speaker 4: five thousand dollars of guaranteed income coming in the front.

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Speaker 5: Door every year for the rest of their life.

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Speaker 4: How cool is that because they have a tax plan,

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Speaker 4: an income plan, and investment plan. So pick up the phone,

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Speaker 4: schedule time to meet with us. Eight three to three, Maggie.

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Speaker 2: Tax Think of it this way. If you have a

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Speaker 2: twenty five percent tax liability. You are indebted to Uncle

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Speaker 2: Sam for a quarter of your savings. That's one hundred

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Speaker 2: and twenty five thousand in our example. So tax deferred

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Speaker 2: savings have become a mainstay of American retirement plans because

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Speaker 2: that's what we were taught, which means nearly all of

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Speaker 2: you owe a debt to Uncle Sam, and many of

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Speaker 2: you would benefit from tax efficient income planning. So make

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Speaker 2: twenty twenty four and beyond the year you get help.

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Speaker 2: That's why we do the show. That's why we talk

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Speaker 2: about this and get out of debt to Uncle Sam.

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Speaker 3: If you're curious to see Uncle Sam's.

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Speaker 2: Total share of your IRA, go to Maggie Tax dot com,

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Speaker 2: click on the retirement calculator and in thirty seconds you're

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Speaker 2: going to see what your taxes that you will owe

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Speaker 2: eight three to three Maggie Tax. Visit our website, Maggie

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Speaker 2: Tax dot com. Let's talk about taxes, let's talk about

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Speaker 2: your IRA, and let's make it straight and easy for

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Speaker 2: you to understand.

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Speaker 3: Eight three to three Maggie Tax.

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Speaker 2: And you're listening to the Maggie Tax and Financial Show,

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Speaker 2: give us a call.

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Speaker 3: Eight three to three Maggie Tax.

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Speaker 1: Stop funding Uncle Sam's retirement and start planning for your

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Speaker 1: own successful retirement. As we return to the Maggie Tax

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Speaker 1: Financial Show with your host Robert and Chris. Maggie with

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Speaker 1: Meaggie Tax and Wealth Advisors. For information on how you

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Speaker 1: can create a tax free retirement, call eight three three

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Speaker 1: Maggie Tax or visit Maggie Tax dot com. Now you're

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Speaker 1: host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.

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Speaker 4: Welcome back to the Maggie Tax and Financial Show, and

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Speaker 4: we welcome everyone today and thank you so much for listening.

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Speaker 4: Do you have an action plan to remove the IRS

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Speaker 4: from your retirement picture.

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Speaker 5: That's a great question.

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Speaker 4: We have that plan and you should too if you

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Speaker 4: just work with the right advisor. And I tell you why,

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Speaker 4: because taxes will increase Your retirement is about taxes. Taxes

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Speaker 4: are our biggest expense. We have proven strategies to dampen

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Speaker 4: Uncle Sam's impact on your retirement. If you want to

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Speaker 4: take the IRS wildcard out of the deck, then we

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Speaker 4: can help pick up the phone and schedule time to

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Speaker 4: meet with us eight three to three Maggie Tax.

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Speaker 2: And we have many proven strategies that have proven indispensable

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Speaker 2: in getting our clients to a zero tax bracket. But

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Speaker 2: it becomes understanding the language and it's well worth the

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Speaker 2: time to meet with us. We want to make it

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Speaker 2: and tax strategies that we use have empowered meet to

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Speaker 2: We talk about this all the time. The retirement tax calculator.

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Speaker 2: Why because you're going to pay a lot in taxes,

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Speaker 2: so we can help you. Give us a call eight

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Speaker 2: three to three Maggie Tax and we could put the

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Speaker 2: Maggie plant together for you, Chris.

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Speaker 3: And you know that's what people are looking for.

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Speaker 4: Help absolutely, and that's it, you know, help why because

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Speaker 4: you don't know what you don't know? And that's okay.

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Speaker 4: You know, we do this every day. We retire every

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Speaker 4: day you retire once. Think about that for a minute.

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Speaker 4: You know, we do this every day. You need some

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Speaker 4: help and we can help you. So pick up the phone,

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Speaker 4: schedule time to meet with us, eight three to three

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Speaker 4: Magi Tax. And our passion is for designing solutions for

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Speaker 4: our clients. It's unparalleled in the industry, and that's why

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Speaker 4: we're different, and we have a niche where we help

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Speaker 4: people have tax free retirement accounts and tax free income.

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Speaker 4: We provide specific strategies and IRIS approved solutions and why

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Speaker 4: it is so important to reduce your income taxes and

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Speaker 4: look forward to a future of a zero tax bracket.

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Speaker 4: You know, we have clients that are receiving one hundred

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Speaker 4: thousand dollars a year in income and are a pan

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Speaker 4: of diamond tax Why because they develop these plans. We

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Speaker 4: put together these plans for them, and guess what, they're

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Speaker 4: reaping the awards right now because now they don't have

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Speaker 4: to worry. They eliminated Uncle Sam forever.

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Speaker 3: You know.

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Speaker 2: And the thing here that we're trying to make you

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Speaker 2: understand is that we understand taxes. We understand the tax codes.

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Speaker 2: They are there and they have been there for years,

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Speaker 2: but maybe your tax preparer is not using it. You know,

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Speaker 2: us taxes are poised to rise dramatically. Think about it

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Speaker 2: in twenty twenty six. It's going to the Trump tax

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Speaker 2: cuts are going to expire, and the math is very

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Speaker 2: clear and very simple. We have the most up to

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Speaker 2: date strategies for anyone listening to our show wanting to retire,

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Speaker 2: because that's the biggest question we get, Chris, can I retire?

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Speaker 2: And when we sit down and show you you can,

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Speaker 2: you're probably in a better situation that you can retire,

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Speaker 2: only because you don't know.

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Speaker 3: Like Chris said, what you don't know and that happens

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Speaker 3: a lot.

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Speaker 4: Chris, right, absolutely, And that's why it's so important to

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Speaker 4: sit down and have a conversation. Why because you don't

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Speaker 4: know what you don't know? And if we can educate

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Speaker 4: you and we can show you that this is what

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Speaker 4: you're doing now and this is what you can do,

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Speaker 4: would you want to know? And the answer is absolutely so.

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Speaker 4: All you gotta do is pick up the phone, schedule

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Speaker 4: time to meet with us. We have obvious on both

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Speaker 4: sides of the bay, and when you come in to

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Speaker 4: meet with us, we're gonna have a conversation. You know,

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Speaker 4: We're gonna learn more about you. We're gonna look at

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Speaker 4: your situation, your taxes, your accounts, figure out what your

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Speaker 4: strategy is. Do you have an income plan? Do you

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Speaker 4: have a tax plan? Do you have an investment plan?

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Speaker 4: Do you have an estate plan? Do you have a

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Speaker 4: Social Security maximization plan? What about a Medicare plan. These

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Speaker 4: are questions that many retirees are answering in each and

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Speaker 4: every day, and they just don't get the answer because

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Speaker 4: they don't know where to go. Well, it's very simple

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Speaker 4: eight three to three Maggie Tax.

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Speaker 3: So think about it.

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Speaker 2: Without these techniques that we're offering, you are at the

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Speaker 2: mercy of circumstances beyond your control.

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Speaker 3: What do I mean by that called legislative risk.

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Speaker 2: Legislative risk means the Congress can change the rules anytime

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Speaker 2: it's written in pencil, and every year we see this.

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Speaker 2: So things are changing right now. So like it or not,

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Speaker 2: taxes are likely to rise, and now is the time

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Speaker 2: to reposition your assets now to avoid higher taxes in

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Speaker 2: the future. Now is the time, Chris, How hard do

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Speaker 2: we have to say that to people? Because it's getting

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Speaker 2: closer and closer to the Trump tax cuts expiring and

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Speaker 2: people that are listening to the show may not even

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Speaker 2: be aware of it. But things are going to change.

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Speaker 4: Well, as I said, And you know, visit our website

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Speaker 4: at Maggi tax dot com. There's so much information right

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Speaker 4: there at your fingertips to help you, and that's why

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Speaker 4: we're here. If you're serious about maximizing your income and retirement.

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Speaker 4: We use strategies to help our clients become as tax

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Speaker 4: efficient as possible. It's not just about what accounts do

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Speaker 4: you have, and you know we can do this and that,

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Speaker 4: and we can increase it and we can have this strategy.

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Speaker 4: It's not about that. It's about taxes. It's about the

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Speaker 4: whole picture. It's about complete planning. Yeah, you have a

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Speaker 4: CD at three or four or five percent whatever, but

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Speaker 4: what are you doing with that? How are you maximizing

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Speaker 4: on the tax side of it. That's what we're talking

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Speaker 4: about here. We can guide you through the coming tax

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Speaker 4: crisis by helping you take advantage of the power of

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Speaker 4: a zero percent tax bracket. Who wants to get there?

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Speaker 4: We can show you how to do it by using

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Speaker 4: the strategies that we develop a three three Maggie tax.

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Speaker 2: And again we do advanced tax planning. We understand taxes.

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Speaker 2: When you come in, we'll sit down with you, we'll

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Speaker 2: go over your tax return line by line. Because if

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Speaker 2: you're looking for a roadmap to shield your hard earned

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Speaker 2: assets from the impact of taxes, we can help. I

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Speaker 2: say that every week by talking to you about the

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Speaker 2: strategies that we use have transformed retirement and protected them

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Speaker 2: from tax train reck that is just around the corner.

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Speaker 2: Think about it, a tax train wreck. That's what's coming, Chris, and.

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Speaker 4: It doesn't have to be for you, and you can

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Speaker 4: get out of the way of that. And that's why

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Speaker 4: there are clients that are going to pay a lot

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Speaker 4: in taxes and then those clients who eliminated Uncle Sam

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Speaker 4: forever and ever now so don't have to worry about

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Speaker 4: that in the future. Many of our clients are well

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Speaker 4: prepared for retirement. You know, with just a little bit

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Speaker 4: of proactive planning, you can insulate yourself from the threat

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Speaker 4: of higher taxes by creating a total tax free retirement plan.

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Speaker 4: And how do you go about doing that, Well, the

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Speaker 4: first step is schedule time to meet with us. We

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Speaker 4: have office on both sides of the Bay and every

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Speaker 4: Sunday we have our TV show Maggie Tax Financial Group.

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Speaker 4: And guess what we know to talk about taxes and

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Speaker 4: tax planning and social security planning and income planning and

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Speaker 4: tax planning and investment planning. That's called the Maggie Plan.

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Speaker 4: That's the holistic approach that we take. But we take

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Speaker 4: it from a tax angle. Why because that's your biggest

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Speaker 4: expense and it will always be unless you eliminate Uncle Sam.

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Speaker 4: So go about doing that. We can help pick up

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Speaker 4: the phone and schedule time to.

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Speaker 3: Meet with us.

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Speaker 5: Eight three to three, Maggie Tax.

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Speaker 2: It's called the Maggie Plan, simple and easy to understand.

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Speaker 2: It's a tax plan, it's an income plan, it's an

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Speaker 2: investment plan. That's legacy planning, and many of you don't

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Speaker 2: have that, so give us a call. Eight three to

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Speaker 2: three Maggie Tax. Be sure to visit our website, Maggie

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Speaker 2: Tax dot com. We have a lot of information on

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Speaker 2: that site, and be sure to click on the retirement

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Speaker 2: calculator and in thirty seconds we could show you what

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Speaker 2: your retirement bill will be. We have offices in Loots,

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Speaker 2: we have an office in Palm Harbor, and we have

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Speaker 2: an office in Saint Pete. Very easy for all of

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Speaker 2: you to get to visit our website, Maggie Tax dot

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Speaker 2: com and give us a call eight three three Maggie Tax.

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Speaker 2: That's eight three three, Maggie Tex.

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Speaker 1: Stop funding Uncle Sam's retirement and start planning for your

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Speaker 1: own successful retirement. As we return to the Maggie Tax

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Speaker 1: Financial Show with your host Robert and Chris Maggie with

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Speaker 1: Maggie Tax and Wealth Advisors. For information on how you

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Speaker 1: can create a tax free retirement, call eight three three

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Speaker 1: Maggie Tax or visit Maggie tax dot com. Now you're

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Speaker 1: host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie,

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Speaker 1: welcome back.

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Speaker 2: And thanks for joining us today. You're listening to the

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Speaker 2: Maggie Tax and Financial Show. Don't forget Every Sunday Tomorrow

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Speaker 2: at ten thirty am on ABC TV. Tune into the

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Speaker 2: Maggie Tax and Financial Show. And again, most importantly, visit

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Speaker 2: our website, Maggie Tax dot com. Why because on a

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Speaker 2: top right we have the retirement calculator, So if you're

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Speaker 2: concerned about your taxes and retirement, click on that button.

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Speaker 2: In thirty seconds, we can tell you what your retirement

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Speaker 2: tax bill is going to be and then you could

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Speaker 2: start doing some tax planning. Number two, we have upcoming

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Speaker 2: seminars every month on taxes, social security, on everything that

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Speaker 2: we do here. So go to the website up on

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Speaker 2: the top it says upcoming seminars.

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Speaker 3: Click on it.

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Speaker 2: You'll see the dates in the locations and if you

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Speaker 2: have time registering, come on out. And the other thing

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Speaker 2: many of you are listening to our show and have questions.

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Speaker 2: We have a chat box. Click on the chat box

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Speaker 2: and ask the question and we can help you out. Now,

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Speaker 2: Chris mentioned something before. I just want to touch on

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Speaker 2: it because when everyone comes into our office, we ask

439
00:20:04,040 --> 00:20:06,000
Speaker 2: him why are you here? Okay, and they tell us

440
00:20:06,040 --> 00:20:09,080
Speaker 2: because maybe your taxes or we're not sure about our advisor.

441
00:20:09,160 --> 00:20:12,200
Speaker 2: But Chris, you mentioned one thing before. You asked the gentleman,

442
00:20:12,720 --> 00:20:16,800
Speaker 2: is safety important to you? Just elaborate on that question

443
00:20:16,840 --> 00:20:19,359
Speaker 2: with this client, because it took you in a total

444
00:20:19,400 --> 00:20:20,720
Speaker 2: different direction, and even.

445
00:20:20,520 --> 00:20:21,520
Speaker 3: Took him in a direction.

446
00:20:21,960 --> 00:20:22,760
Speaker 5: That's exactly right.

447
00:20:22,800 --> 00:20:24,840
Speaker 4: You know a client that came in last week and

448
00:20:25,040 --> 00:20:27,280
Speaker 4: he's got over two million bucks and the number is

449
00:20:27,280 --> 00:20:30,359
Speaker 4: not important to us. But the fact of the matter

450
00:20:30,480 --> 00:20:33,120
Speaker 4: is is when we ask him that question, it does

451
00:20:33,200 --> 00:20:37,480
Speaker 4: make sense because we asked them, is safety of your

452
00:20:37,480 --> 00:20:39,200
Speaker 4: money important to you? And guess what he said? He

453
00:20:39,240 --> 00:20:41,719
Speaker 4: said absolutely at this age it is. So he had

454
00:20:41,760 --> 00:20:44,800
Speaker 4: all his papers all over my desk and I'm looking

455
00:20:44,840 --> 00:20:46,680
Speaker 4: at them, and he had a variable annuity here, a

456
00:20:46,800 --> 00:20:50,000
Speaker 4: mutual fund here, a four one k here, he had

457
00:20:50,040 --> 00:20:53,640
Speaker 4: a stock portfolio there, And I looked at everything and

458
00:20:53,720 --> 00:20:55,680
Speaker 4: I said it again, as safety of your money important

459
00:20:55,680 --> 00:20:58,480
Speaker 4: to you, and he said absolutely. And I said, well

460
00:20:58,680 --> 00:21:01,679
Speaker 4: you're all you're a risk. All your money is in

461
00:21:01,920 --> 00:21:05,480
Speaker 4: risk and he said, I know, but I don't know

462
00:21:05,520 --> 00:21:09,040
Speaker 4: how or what to do with it. He said, I

463
00:21:09,240 --> 00:21:12,000
Speaker 4: just been trained for years to put money away, and

464
00:21:12,480 --> 00:21:14,680
Speaker 4: I just did what everyone else was doing, and I

465
00:21:14,960 --> 00:21:16,320
Speaker 4: put the money in a form on K and I

466
00:21:16,800 --> 00:21:19,040
Speaker 4: got an advisor who just deals with stocks and I

467
00:21:19,080 --> 00:21:21,359
Speaker 4: and I put money with this insurance guy and he

468
00:21:21,400 --> 00:21:23,880
Speaker 4: deals with variable annuities. And that's that's what I did.

469
00:21:24,280 --> 00:21:27,119
Speaker 4: So it was more like a He just told us

470
00:21:27,119 --> 00:21:29,920
Speaker 4: a story. It was great, but he said, that's why

471
00:21:29,920 --> 00:21:32,680
Speaker 4: I'm here. I want a plan. I want to create

472
00:21:32,760 --> 00:21:36,320
Speaker 4: something because I know I can't keep doing what I'm doing.

473
00:21:36,440 --> 00:21:40,080
Speaker 4: If if the market goes down and the volatility is

474
00:21:40,080 --> 00:21:42,199
Speaker 4: the way it is, I will not have what I

475
00:21:42,240 --> 00:21:44,119
Speaker 4: have on this on this desktop.

476
00:21:44,320 --> 00:21:47,120
Speaker 3: Stop you gotta stop you. My heart is bubbling right here.

477
00:21:47,680 --> 00:21:49,560
Speaker 2: The thing that what Chris just said, and this is

478
00:21:49,600 --> 00:21:52,200
Speaker 2: for many of you, and you'll understand, you are going

479
00:21:52,280 --> 00:21:56,840
Speaker 2: by the old rules of retirement. They're old, they don't work.

480
00:21:57,280 --> 00:21:59,440
Speaker 2: So we want to teach you the new rules of retirement.

481
00:21:59,480 --> 00:22:01,720
Speaker 2: We have a book that we wrote, New Rules of Retirement.

482
00:22:02,040 --> 00:22:03,359
Speaker 2: I can send it to all of you in an

483
00:22:03,359 --> 00:22:05,080
Speaker 2: email if you want. I'll be glad to let you

484
00:22:05,160 --> 00:22:07,560
Speaker 2: read it. Because as Chris and I go through the

485
00:22:07,600 --> 00:22:10,120
Speaker 2: show and through the TV show, we talk about bucket planning,

486
00:22:10,359 --> 00:22:11,800
Speaker 2: and most of the people that we talked to and

487
00:22:11,920 --> 00:22:14,679
Speaker 2: Chrys will agree, they don't know what bucket planning is.

488
00:22:14,760 --> 00:22:15,720
Speaker 3: It's a pile of money.

489
00:22:15,960 --> 00:22:18,080
Speaker 2: It's putting your money in variables, it's putting your money

490
00:22:18,080 --> 00:22:21,040
Speaker 2: in mutual funds and stocks. Where's the plan, Where's the

491
00:22:21,160 --> 00:22:24,720
Speaker 2: income plan, where's the tax plan, Where's the investment plan?

492
00:22:25,160 --> 00:22:27,040
Speaker 2: And like Chris said, it's an old advisor who just

493
00:22:27,080 --> 00:22:29,760
Speaker 2: gives you the same thing. Because we're taught to stay

494
00:22:29,760 --> 00:22:33,040
Speaker 2: in the same line with everybody. Chris mentions about being

495
00:22:33,160 --> 00:22:35,320
Speaker 2: with the herd. You don't have to you can get

496
00:22:35,359 --> 00:22:37,840
Speaker 2: off the exit and go in a different direction, and folks,

497
00:22:37,880 --> 00:22:40,159
Speaker 2: I don't know. I'm passionate about that. So it was

498
00:22:40,200 --> 00:22:42,600
Speaker 2: my son, because we see this every day. I've been

499
00:22:42,600 --> 00:22:44,600
Speaker 2: doing this for a long time, been in this business

500
00:22:44,680 --> 00:22:47,119
Speaker 2: thirty years, and I'm sick and tired of seeing people

501
00:22:47,240 --> 00:22:50,359
Speaker 2: sold something that they don't understand and Chris, that's the

502
00:22:50,480 --> 00:22:53,320
Speaker 2: language again. And you know, I get upset because I'm

503
00:22:53,359 --> 00:22:55,400
Speaker 2: older than you, but I see this every day. You've

504
00:22:55,440 --> 00:22:57,119
Speaker 2: been doing this for over twenty years with me. You

505
00:22:57,160 --> 00:22:59,400
Speaker 2: see it every day, and you're a young guy. It's

506
00:22:59,440 --> 00:23:01,280
Speaker 2: got to bother you. For the young people as well

507
00:23:01,320 --> 00:23:02,160
Speaker 2: as the older people.

508
00:23:02,160 --> 00:23:02,840
Speaker 3: Am I right or wrong?

509
00:23:02,920 --> 00:23:03,080
Speaker 2: Now?

510
00:23:03,080 --> 00:23:03,640
Speaker 5: That's just it.

511
00:23:03,720 --> 00:23:05,359
Speaker 4: I mean, you don't know what you don't know, and

512
00:23:06,119 --> 00:23:07,959
Speaker 4: all the respect A lot of people listening today are

513
00:23:07,960 --> 00:23:10,480
Speaker 4: older than I am. But you know, the education is

514
00:23:10,520 --> 00:23:12,679
Speaker 4: so important that we can deliver to you so you

515
00:23:12,720 --> 00:23:17,080
Speaker 4: can make a sound decision. So you now can know

516
00:23:17,200 --> 00:23:19,520
Speaker 4: about what you have. You can know it and you

517
00:23:19,560 --> 00:23:22,720
Speaker 4: can feel confident and that's what builds clarity and confidence

518
00:23:22,800 --> 00:23:25,639
Speaker 4: moving forward in retirement, and that's why you could be

519
00:23:25,680 --> 00:23:27,760
Speaker 4: happy during retirement. You don't have to worry about these

520
00:23:28,080 --> 00:23:30,920
Speaker 4: ups and downs and the volatilities. So you know, where

521
00:23:31,000 --> 00:23:33,520
Speaker 4: is it printed that you have to lose twenty thirty

522
00:23:33,600 --> 00:23:36,560
Speaker 4: forty percent in the market. Where is it written that

523
00:23:36,560 --> 00:23:38,439
Speaker 4: that's what you have to do? And the truth is

524
00:23:38,960 --> 00:23:42,119
Speaker 4: it's not written anywhere. You don't have to be there

525
00:23:42,200 --> 00:23:44,679
Speaker 4: if you don't want to. You know, let's discuss what

526
00:23:44,720 --> 00:23:47,680
Speaker 4: this means, because there are poor choices out there, many

527
00:23:47,720 --> 00:23:50,199
Speaker 4: of you contribute to form one case or I areas

528
00:23:50,440 --> 00:23:54,400
Speaker 4: without determining if you're receiving a worthwhile upfront tax deduction.

529
00:23:54,880 --> 00:23:56,760
Speaker 4: You know a lot of people talk about by term

530
00:23:56,800 --> 00:23:59,000
Speaker 4: and invested difference. But when you do that, do you

531
00:23:59,040 --> 00:24:02,080
Speaker 4: really understand what they're saying? Do you understand what that means?

532
00:24:02,440 --> 00:24:04,439
Speaker 4: You know, many people out there are on the radio,

533
00:24:04,840 --> 00:24:07,360
Speaker 4: many people out there are on TV. But guess what

534
00:24:07,600 --> 00:24:10,080
Speaker 4: are they really delivering the right message? Are they just

535
00:24:10,080 --> 00:24:13,440
Speaker 4: selling a product here on TV all time, by gold

536
00:24:13,480 --> 00:24:15,560
Speaker 4: in your IRA, by gold in your Is that what

537
00:24:15,800 --> 00:24:19,000
Speaker 4: you need to do? That's a transactional advisor, Chris, it's

538
00:24:19,040 --> 00:24:20,240
Speaker 4: not a plan. It's not a plan.

539
00:24:20,320 --> 00:24:20,480
Speaker 5: You know.

540
00:24:20,520 --> 00:24:22,320
Speaker 2: And again the language that we talk about and trying

541
00:24:22,320 --> 00:24:24,720
Speaker 2: to teach everyone on the radio show in TV for years.

542
00:24:25,400 --> 00:24:27,840
Speaker 2: We know this because we see this every day. And

543
00:24:27,880 --> 00:24:31,440
Speaker 2: here's another one, use tax deferral to reduce income taxes.

544
00:24:31,480 --> 00:24:34,760
Speaker 2: Now you know life insurances allows the investment. And all

545
00:24:34,800 --> 00:24:38,880
Speaker 2: of these are ridiculously inaccurate statements because what Chris mentioned before,

546
00:24:38,920 --> 00:24:40,760
Speaker 2: you have a transactional advisor that's going to sell you

547
00:24:40,760 --> 00:24:43,760
Speaker 2: a stock bond and mutual fund doesn't talk about anything else.

548
00:24:44,000 --> 00:24:45,640
Speaker 2: You have an insurance guy that's just going to sell

549
00:24:45,640 --> 00:24:47,920
Speaker 2: you one product, doesn't talk about anything else.

550
00:24:48,040 --> 00:24:48,640
Speaker 3: And then you have a.

551
00:24:48,600 --> 00:24:52,280
Speaker 2: Fiduciary like Maggie Investments who are talking about income planning,

552
00:24:52,359 --> 00:24:55,640
Speaker 2: tax planning, investment planning, and how it pertains to you

553
00:24:55,880 --> 00:24:59,119
Speaker 2: to your situation because the government tells you thousands and

554
00:24:59,160 --> 00:25:01,880
Speaker 2: thousands of times that they are true, and you begin

555
00:25:01,960 --> 00:25:04,640
Speaker 2: to believe them. You know, tax deferral, Well, you all

556
00:25:04,680 --> 00:25:06,520
Speaker 2: know that in two years the tax cuts are going

557
00:25:06,560 --> 00:25:08,880
Speaker 2: to expire and it's going to go up at least

558
00:25:08,920 --> 00:25:11,720
Speaker 2: three percent. On my website, I have is a spot

559
00:25:11,760 --> 00:25:15,399
Speaker 2: there for retirement calculator. Now they're extending the R and D.

560
00:25:15,560 --> 00:25:18,480
Speaker 2: Chris was seventy two. Excuse me, it was seventy and

561
00:25:18,520 --> 00:25:20,880
Speaker 2: a half. And then they bumped at the seventy two

562
00:25:20,920 --> 00:25:23,120
Speaker 2: and a lot of people didn't know that. And now

563
00:25:23,200 --> 00:25:24,679
Speaker 2: you just found out that they're going to bump at

564
00:25:24,800 --> 00:25:28,160
Speaker 2: seventy three. So here's what they're doing. If you understand

565
00:25:28,200 --> 00:25:30,680
Speaker 2: what we're trying to talk about the language, they're pushing

566
00:25:30,760 --> 00:25:32,359
Speaker 2: it out so you don't have to take the required

567
00:25:32,400 --> 00:25:35,720
Speaker 2: minimum distribution and get a higher tax. What they're telling

568
00:25:35,720 --> 00:25:39,040
Speaker 2: you is do some planning, do some planning, and get

569
00:25:39,080 --> 00:25:42,040
Speaker 2: that money out now at a low tax bracket, which

570
00:25:42,040 --> 00:25:45,119
Speaker 2: we can explain to you from a tax standpoint, and

571
00:25:45,160 --> 00:25:47,840
Speaker 2: then later on have what Chris, tax free money.

572
00:25:47,960 --> 00:25:50,720
Speaker 4: As you said, over the past year, we've had more

573
00:25:51,560 --> 00:25:54,840
Speaker 4: clients I've ever had before want to talk about or

574
00:25:55,000 --> 00:25:59,040
Speaker 4: entertain roth conversions and very adamant about doing it. And

575
00:25:59,080 --> 00:26:00,520
Speaker 4: we have clients that come in just want to rip

576
00:26:00,520 --> 00:26:02,760
Speaker 4: off the band aid and just convert money from iras

577
00:26:02,800 --> 00:26:06,679
Speaker 4: which is infected with taxes, to tax free money. They

578
00:26:06,760 --> 00:26:08,200
Speaker 4: want to know how to go about doing that. Some

579
00:26:08,320 --> 00:26:10,840
Speaker 4: want to do it strategically. That's why we put together

580
00:26:10,880 --> 00:26:13,040
Speaker 4: a plan. So when we look at this whole thing,

581
00:26:13,560 --> 00:26:18,240
Speaker 4: it's about you. It's about your plan. What's your plan,

582
00:26:18,400 --> 00:26:21,120
Speaker 4: not your neighbors, not your brothers or your sisters down

583
00:26:21,160 --> 00:26:24,000
Speaker 4: the street. It's your plan. Every situation a little different.

584
00:26:24,040 --> 00:26:25,680
Speaker 4: Are you looking for income, Well, we can give you

585
00:26:25,720 --> 00:26:28,000
Speaker 4: income the most tax efficient way. We can have a

586
00:26:28,040 --> 00:26:31,680
Speaker 4: guaranteed pension plan, your family guaranteed pension plan. You don't

587
00:26:31,680 --> 00:26:34,840
Speaker 4: have to work for a company for twenty years and

588
00:26:34,880 --> 00:26:36,800
Speaker 4: retire with them. You don't have to You could take

589
00:26:36,800 --> 00:26:39,679
Speaker 4: what you have and design your own family pension. What

590
00:26:39,720 --> 00:26:43,080
Speaker 4: about the investments? What about managed portfolios? Do you have

591
00:26:43,119 --> 00:26:46,400
Speaker 4: a purpose with your accounts? Do you have a buffer's

592
00:26:46,400 --> 00:26:48,879
Speaker 4: strategy to protect you? On the downside? What are you

593
00:26:48,960 --> 00:26:49,520
Speaker 4: invested in?

594
00:26:49,600 --> 00:26:50,200
Speaker 5: Do you know?

595
00:26:50,840 --> 00:26:53,320
Speaker 4: Do you really know? That's what we're discussing here. So

596
00:26:53,359 --> 00:26:54,720
Speaker 4: when you come in to me with us, we're gonna

597
00:26:54,960 --> 00:26:57,040
Speaker 4: teach you, We're gonna educate you. We're gonna first show

598
00:26:57,040 --> 00:26:59,119
Speaker 4: you what you have, and if you've got something good, great,

599
00:26:59,200 --> 00:27:01,680
Speaker 4: we'll keep it. But if you don't, maybe you want

600
00:27:01,720 --> 00:27:04,440
Speaker 4: some options. And that's where we're going with this. Because

601
00:27:04,480 --> 00:27:07,240
Speaker 4: the client who came in safety of his money's important

602
00:27:07,280 --> 00:27:09,800
Speaker 4: to him, but guess what, he's one hundred percent in risk.

603
00:27:09,880 --> 00:27:12,199
Speaker 4: He doesn't want to be there, but also he just

604
00:27:12,240 --> 00:27:14,080
Speaker 4: doesn't know how to get to the other side, and

605
00:27:14,119 --> 00:27:14,880
Speaker 4: we can show him.

606
00:27:15,040 --> 00:27:16,840
Speaker 2: So if you're listening, let me talk about some of

607
00:27:16,880 --> 00:27:18,639
Speaker 2: the things that we do to kind of help you

608
00:27:18,680 --> 00:27:19,000
Speaker 2: out here.

609
00:27:19,320 --> 00:27:20,800
Speaker 3: The question we ask is how can.

610
00:27:20,680 --> 00:27:23,000
Speaker 2: We help you? You know, what keeps you up at night?

611
00:27:23,040 --> 00:27:25,760
Speaker 2: What's that big you know, gorilla in the room. What

612
00:27:25,880 --> 00:27:26,919
Speaker 2: are you doing about it?

613
00:27:27,000 --> 00:27:27,480
Speaker 3: Is the question.

614
00:27:27,560 --> 00:27:28,879
Speaker 2: The first thing you should do is give us a

615
00:27:28,880 --> 00:27:31,600
Speaker 2: call eight three to three, Magi Tax. Let's discuss the

616
00:27:31,600 --> 00:27:35,280
Speaker 2: Maggie plan. Let's discuss the complete plan. So where do

617
00:27:35,320 --> 00:27:37,240
Speaker 2: we go from here? It's easy, pick up the phone

618
00:27:37,320 --> 00:27:39,360
Speaker 2: eight three to three, Maggie Tax. And here's another thing

619
00:27:39,440 --> 00:27:42,399
Speaker 2: Chris talked about it before. Has anyone ever done a

620
00:27:42,440 --> 00:27:45,280
Speaker 2: beneficiary review for you? We get people coming in and

621
00:27:45,359 --> 00:27:47,640
Speaker 2: say that parents just passed away and guess what they did?

622
00:27:47,720 --> 00:27:48,320
Speaker 3: No planning.

623
00:27:48,600 --> 00:27:50,639
Speaker 2: Now it's time for them to do the planning. Do

624
00:27:50,680 --> 00:27:52,880
Speaker 2: you have what we call a complete plan or an

625
00:27:52,920 --> 00:27:55,520
Speaker 2: incomplete plan? And Chris, I have to tell you. When

626
00:27:55,560 --> 00:27:58,560
Speaker 2: I tell people this, they get offended by what do

627
00:27:58,600 --> 00:27:58,840
Speaker 2: you mean?

628
00:27:58,880 --> 00:27:59,960
Speaker 3: I have an incomplete plan?

629
00:28:00,640 --> 00:28:02,360
Speaker 2: And I'm not trying to be funny yet, but you do.

630
00:28:02,560 --> 00:28:04,119
Speaker 2: You don't have an income plan, you don't have a

631
00:28:04,160 --> 00:28:06,520
Speaker 2: tax plan. You don't have an investment plan. Where like

632
00:28:06,600 --> 00:28:08,800
Speaker 2: Chris just talked about how much money do you want

633
00:28:08,840 --> 00:28:10,520
Speaker 2: to lose, it's not written where you have to lose

634
00:28:10,560 --> 00:28:13,920
Speaker 2: twenty thirty forty percent nowhere. I have books all over

635
00:28:13,960 --> 00:28:16,560
Speaker 2: my office. I read a lot. I don't see that anywhere. Christy,

636
00:28:16,600 --> 00:28:19,120
Speaker 2: you it's funny, it's just not working that way.

637
00:28:19,160 --> 00:28:20,960
Speaker 4: But you don't have to do that. And then remember

638
00:28:20,960 --> 00:28:22,880
Speaker 4: we live in a yoo economy. That means you're on

639
00:28:22,920 --> 00:28:25,840
Speaker 4: your own. Just because the majority of you follow the herd,

640
00:28:26,240 --> 00:28:28,600
Speaker 4: it does not mean that you have to.

641
00:28:29,160 --> 00:28:30,000
Speaker 5: We all know that.

642
00:28:30,080 --> 00:28:32,720
Speaker 4: We tell our kids, right, you don't have to follow

643
00:28:33,520 --> 00:28:35,679
Speaker 4: Johnny down the street. Right, we have to do that,

644
00:28:36,160 --> 00:28:39,960
Speaker 4: but we do. But you don't have to, especially in retirement,

645
00:28:40,600 --> 00:28:43,160
Speaker 4: because this is your money. And that's why many people say, well,

646
00:28:43,200 --> 00:28:45,160
Speaker 4: get to a million bucks then you can retire. Well,

647
00:28:45,680 --> 00:28:48,680
Speaker 4: I have clients that don't have a million bucks. That's fine,

648
00:28:48,800 --> 00:28:51,520
Speaker 4: they have two hundred thousand dollars and they're retired and

649
00:28:51,600 --> 00:28:55,200
Speaker 4: they enjoying the buckets of money that are generating the

650
00:28:55,240 --> 00:28:59,320
Speaker 4: income because that's what they want. So again, where are you?

651
00:28:59,440 --> 00:29:01,160
Speaker 4: What are you want to do? Do you want to

652
00:29:01,200 --> 00:29:04,280
Speaker 4: maximize income? Do you want to maximize your state income

653
00:29:04,320 --> 00:29:07,240
Speaker 4: tax free? Do you want to advance tax planning strategy

654
00:29:07,280 --> 00:29:10,560
Speaker 4: to reduce your taxes? Well we can help. What about

655
00:29:10,600 --> 00:29:13,400
Speaker 4: creating a tax deduction so you can take more out

656
00:29:13,400 --> 00:29:16,120
Speaker 4: of your IRA and convert it to a roth IRA

657
00:29:16,520 --> 00:29:19,440
Speaker 4: and pay less tax. Would you just say, well, that's

658
00:29:19,480 --> 00:29:22,080
Speaker 4: what I'm talking about. Those are advanced tax planning strategies

659
00:29:22,320 --> 00:29:26,080
Speaker 4: that you're CPA, you're a broker, your advisor, they're not

660
00:29:26,160 --> 00:29:30,200
Speaker 4: even talking to you about this. There are strategies out

661
00:29:30,200 --> 00:29:33,800
Speaker 4: there that you can take advantage of to accomplish what

662
00:29:34,000 --> 00:29:34,840
Speaker 4: you're looking for.

663
00:29:34,920 --> 00:29:35,719
Speaker 5: It's very simple.

664
00:29:35,920 --> 00:29:37,840
Speaker 4: Pick up the phone, schedule time to meet with us

665
00:29:38,080 --> 00:29:39,800
Speaker 4: eight three three Maggie Tax.

666
00:29:39,960 --> 00:29:42,080
Speaker 2: So visit Maggie tax dot com. We gave you some

667
00:29:42,120 --> 00:29:45,040
Speaker 2: reasons why. Click on the retirement calculator up top. I

668
00:29:45,080 --> 00:29:47,360
Speaker 2: don't think anyone's doing this and anyone talking about it

669
00:29:47,440 --> 00:29:50,560
Speaker 2: right now, retirement calculator and in thirty seconds we can

670
00:29:50,600 --> 00:29:53,040
Speaker 2: tell you what your retirement tax bill is going to be.

671
00:29:53,440 --> 00:29:56,120
Speaker 2: Look for this upcoming seminars we do it on taxes

672
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Speaker 2: and social Security. Look for the location near you, register

673
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Speaker 2: and come out and see for an hour, an hour

674
00:30:00,880 --> 00:30:01,320
Speaker 2: and a half.

675
00:30:01,560 --> 00:30:02,280
Speaker 3: And then don't forget.

676
00:30:02,320 --> 00:30:05,120
Speaker 2: We have the chatbox on our site, Maggie Tax dot com.

677
00:30:05,360 --> 00:30:07,760
Speaker 2: Put a question in, We're gonna respond, We're gonna answer,

678
00:30:08,000 --> 00:30:09,560
Speaker 2: and then we can set up a time to meet

679
00:30:09,600 --> 00:30:12,080
Speaker 2: with us eight three three Maggie Tax. And be sure

680
00:30:12,080 --> 00:30:14,720
Speaker 2: to watch our TV show every Sunday at ten thirty

681
00:30:14,720 --> 00:30:18,200
Speaker 2: am on ABC TV and learn about all the information

682
00:30:18,280 --> 00:30:21,400
Speaker 2: we're talking about folks. It's the language. If you don't

683
00:30:21,480 --> 00:30:23,920
Speaker 2: understand that, we can help. And remember we have offices

684
00:30:23,960 --> 00:30:26,080
Speaker 2: on both sides of the Bay. We have one in Tampa,

685
00:30:26,120 --> 00:30:27,280
Speaker 2: Palmharbor and St.

686
00:30:27,280 --> 00:30:27,720
Speaker 3: Pete.

687
00:30:27,800 --> 00:30:30,280
Speaker 2: So pick up the phone eight three three Maggie Tax.

688
00:30:30,480 --> 00:30:33,120
Speaker 2: Be sure to visit our website, Maggie Tax dot Com.

689
00:30:33,160 --> 00:30:34,920
Speaker 3: Eight three three Maggie Tax.

690
00:30:38,400 --> 00:30:41,959
Speaker 1: Stop funding Uncle Sam's retirement and start planning for your

691
00:30:42,000 --> 00:30:45,480
Speaker 1: own successful retirement. As we return to the Maggie Tax

692
00:30:45,520 --> 00:30:48,920
Speaker 1: Financial Show with your host Robert and Chris Maggie with

693
00:30:49,040 --> 00:30:52,160
Speaker 1: Maggie Tax and Wealth Advisors. For information on how you

694
00:30:52,200 --> 00:30:55,800
Speaker 1: can create a tax free retirement, call eight three three

695
00:30:56,240 --> 00:31:00,560
Speaker 1: Magie Tax, or visit Maggie Tax dot com. Now your

696
00:31:00,560 --> 00:31:04,440
Speaker 1: host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.

697
00:31:04,800 --> 00:31:05,480
Speaker 3: Welcome everyone.

698
00:31:05,760 --> 00:31:07,840
Speaker 2: You're listening to the Maggie Tax and Financial Show. My

699
00:31:07,920 --> 00:31:10,080
Speaker 2: name is Robert Maggie and we are with my son Chris.

700
00:31:10,480 --> 00:31:11,840
Speaker 2: And pick up the phone and give us a call.

701
00:31:11,920 --> 00:31:14,280
Speaker 2: Eight three to three Maggie Tax. Tell them it's urgent.

702
00:31:14,760 --> 00:31:17,400
Speaker 2: Let's make an appointment, whether it be taxes, income planning,

703
00:31:17,440 --> 00:31:20,840
Speaker 2: investment planning, estate planning, anything let's talk about it.

704
00:31:20,920 --> 00:31:23,840
Speaker 3: Let's have a conversation. And again we talked about it before.

705
00:31:23,880 --> 00:31:26,560
Speaker 2: The most successful appointments that we have are with clients

706
00:31:26,840 --> 00:31:30,440
Speaker 2: who listen, and by the way, we listen, who understand

707
00:31:30,440 --> 00:31:33,480
Speaker 2: the language and have good questions, Chris, because you mentioned

708
00:31:33,520 --> 00:31:35,080
Speaker 2: it before, what about someone?

709
00:31:35,160 --> 00:31:37,760
Speaker 3: And we always get this when we do a show.

710
00:31:37,800 --> 00:31:41,160
Speaker 2: We get a call on Monday, we get a call today,

711
00:31:41,040 --> 00:31:44,520
Speaker 2: my parents passed away and they have money. I don't

712
00:31:44,560 --> 00:31:46,560
Speaker 2: know how to get it. They're confused and they have

713
00:31:46,640 --> 00:31:49,760
Speaker 2: no direction at all. And it's because they don't understand

714
00:31:49,840 --> 00:31:52,760
Speaker 2: the language. And we do not push you to a solution.

715
00:31:53,360 --> 00:31:55,560
Speaker 2: We lead you in the direction that you want to go.

716
00:31:56,000 --> 00:31:59,360
Speaker 2: That is very important because when you become a transactional

717
00:31:59,360 --> 00:32:03,360
Speaker 2: advisor is selling. When you become a complete advisor, you're

718
00:32:03,400 --> 00:32:06,960
Speaker 2: asking questions and you are asking questions why because it's

719
00:32:07,000 --> 00:32:09,320
Speaker 2: your money and it's simple, it's your life.

720
00:32:09,440 --> 00:32:11,280
Speaker 4: And that's what we do, and our goal is to

721
00:32:11,280 --> 00:32:13,840
Speaker 4: help you discover the gaps and your plan without accusing

722
00:32:13,880 --> 00:32:16,719
Speaker 4: you of making bad decisions. What's done is done, and

723
00:32:16,760 --> 00:32:19,160
Speaker 4: that's okay, But now what do you do moving forward?

724
00:32:19,200 --> 00:32:21,840
Speaker 4: In a framework that's been effected across the board is

725
00:32:21,880 --> 00:32:26,280
Speaker 4: complete versus incomplete language and we do complete planning. And

726
00:32:26,320 --> 00:32:28,480
Speaker 4: it's okay right now if you have an incomplete plan,

727
00:32:28,640 --> 00:32:31,000
Speaker 4: we can complete it because we'll show you how to

728
00:32:31,000 --> 00:32:33,200
Speaker 4: have an income plan, a tax plan, and investment plan,

729
00:32:33,440 --> 00:32:35,720
Speaker 4: and also in a state plan. And I really can't

730
00:32:35,760 --> 00:32:38,239
Speaker 4: say that you're doing anything wrong with your finances, but

731
00:32:38,280 --> 00:32:41,400
Speaker 4: based on what you have told me, it's important that

732
00:32:41,480 --> 00:32:44,200
Speaker 4: you move on going forward. That there are some areas

733
00:32:44,200 --> 00:32:48,160
Speaker 4: that we could make complete, because right now it's incomplete,

734
00:32:48,240 --> 00:32:51,240
Speaker 4: so it's entirely different processes. When you come to meet

735
00:32:51,280 --> 00:32:55,840
Speaker 4: with us, we plan out your future. We can show you,

736
00:32:56,440 --> 00:32:59,400
Speaker 4: based on your goals and the risk, what you want

737
00:32:59,440 --> 00:33:01,640
Speaker 4: to complete, and we can make that happen. We had

738
00:33:01,640 --> 00:33:03,840
Speaker 4: a girl that came in last week. She said, just

739
00:33:03,960 --> 00:33:05,840
Speaker 4: lay it out for me, tell me what exactly I

740
00:33:05,880 --> 00:33:07,600
Speaker 4: need to do so I could retire in five years

741
00:33:07,600 --> 00:33:10,000
Speaker 4: from now, where I don't have to worry about outliving

742
00:33:10,040 --> 00:33:11,680
Speaker 4: my money, where I don't have to worry about paying

743
00:33:11,720 --> 00:33:13,560
Speaker 4: more in taxes, where I don't have to worry about

744
00:33:13,760 --> 00:33:16,320
Speaker 4: if anything passes, if I pass away, that my kids

745
00:33:16,320 --> 00:33:18,360
Speaker 4: are not going to go through the probate proceecs. I

746
00:33:18,360 --> 00:33:20,200
Speaker 4: don't want to have to worry about that, so can

747
00:33:20,200 --> 00:33:22,560
Speaker 4: you help me? And that's what she asked me to do,

748
00:33:22,600 --> 00:33:24,480
Speaker 4: and we did. We put together a plan for her,

749
00:33:24,720 --> 00:33:26,480
Speaker 4: and by the time it was done, she said, oh

750
00:33:26,520 --> 00:33:29,600
Speaker 4: my gosh, now I have a plan, I have clarity,

751
00:33:29,680 --> 00:33:32,160
Speaker 4: I have confidence, and she's willing to move forward for

752
00:33:32,200 --> 00:33:35,040
Speaker 4: the next five years of working and after that she's done.

753
00:33:35,160 --> 00:33:37,840
Speaker 4: She has everything in place. So and that was just

754
00:33:37,840 --> 00:33:39,920
Speaker 4: a relief for her. And that's why it could be

755
00:33:39,960 --> 00:33:41,400
Speaker 4: a relief for you. If you pick up the phone,

756
00:33:41,480 --> 00:33:43,320
Speaker 4: schedule time to meet with us. Because there's things on

757
00:33:43,320 --> 00:33:46,800
Speaker 4: your mind. Let's address those. If you have an incomplete plan,

758
00:33:47,040 --> 00:33:50,440
Speaker 4: let's make it a complete plan. Eight three three Maggie Tax, Yeah,

759
00:33:50,480 --> 00:33:52,800
Speaker 4: don't be embarrassed. You know, if we tell you have

760
00:33:52,840 --> 00:33:55,360
Speaker 4: an incomplete plan, nothing's wrong with that. We just got

761
00:33:55,360 --> 00:33:55,840
Speaker 4: to fix it.

762
00:33:56,120 --> 00:33:58,400
Speaker 2: So once you see what a complete plan is compared

763
00:33:58,440 --> 00:34:01,440
Speaker 2: to your incomplete plan, Chris and I are confident that

764
00:34:01,440 --> 00:34:03,640
Speaker 2: you're going to understand and start to make some changes.

765
00:34:03,640 --> 00:34:06,479
Speaker 2: And many of you listening today that are our clients

766
00:34:06,560 --> 00:34:09,560
Speaker 2: that have met with us, understand what we're talking about

767
00:34:09,600 --> 00:34:12,040
Speaker 2: because we walk you through it. And I'm confident that

768
00:34:12,080 --> 00:34:14,280
Speaker 2: you're going to understand and start to make some changes

769
00:34:14,320 --> 00:34:17,160
Speaker 2: because you want to make changes that are good. You

770
00:34:17,200 --> 00:34:19,840
Speaker 2: don't want to make changes just because someone tells you

771
00:34:19,880 --> 00:34:21,759
Speaker 2: to do it and it turns out to be bad.

772
00:34:22,040 --> 00:34:24,160
Speaker 2: We don't want that. So give us a call eight

773
00:34:24,200 --> 00:34:27,080
Speaker 2: three to three Maggie Tax. And when you call again,

774
00:34:27,120 --> 00:34:29,399
Speaker 2: we've been saying this throughout today's show. Make sure you

775
00:34:29,480 --> 00:34:33,120
Speaker 2: say it's urgent. It's urgent no matter what you want

776
00:34:33,200 --> 00:34:37,040
Speaker 2: us to do. Tax is, income planning, tax planning, anything,

777
00:34:37,360 --> 00:34:39,799
Speaker 2: just say it's urgent, pick up the phone, come in

778
00:34:39,840 --> 00:34:40,440
Speaker 2: and meet with us.

779
00:34:40,440 --> 00:34:42,240
Speaker 3: Eight three to three Maggie Tax.

780
00:34:42,600 --> 00:34:44,560
Speaker 4: So that's why it's so important to get together with us,

781
00:34:44,600 --> 00:34:47,800
Speaker 4: because you know, hey, it's your money, right, it's not ours,

782
00:34:47,800 --> 00:34:49,360
Speaker 4: but we can help you and we can lead you

783
00:34:49,400 --> 00:34:52,359
Speaker 4: in the right direction. So a three to three Magie Tax.

784
00:34:52,400 --> 00:34:54,560
Speaker 4: So we have a question, you know, for everyone. You know,

785
00:34:54,600 --> 00:34:56,480
Speaker 4: when a witness is understand in a court of law,

786
00:34:56,560 --> 00:35:00,319
Speaker 4: the lawyer speaking to him does not have to have

787
00:35:00,400 --> 00:35:03,759
Speaker 4: the liberty of making statements. They almost exclusively just ask

788
00:35:03,920 --> 00:35:06,360
Speaker 4: questions about the facts of the case. Right, So in

789
00:35:06,400 --> 00:35:09,120
Speaker 4: the same way what we do here, we always ask

790
00:35:09,160 --> 00:35:12,319
Speaker 4: you questions and the more information we get from you.

791
00:35:12,760 --> 00:35:15,840
Speaker 4: That answer is so important to create a complete plan.

792
00:35:16,360 --> 00:35:18,759
Speaker 4: So let me ask you a couple of questions, like,

793
00:35:19,000 --> 00:35:21,759
Speaker 4: how do you feel about higher taxes? How do you

794
00:35:21,840 --> 00:35:23,080
Speaker 4: how does that make you feel?

795
00:35:23,520 --> 00:35:23,680
Speaker 1: You know?

796
00:35:23,760 --> 00:35:28,120
Speaker 4: Does inflation affect you? Are you paying more and earning less?

797
00:35:28,640 --> 00:35:28,840
Speaker 3: You know?

798
00:35:28,840 --> 00:35:31,600
Speaker 4: How does that make you feel when that happens? What

799
00:35:31,600 --> 00:35:33,920
Speaker 4: are you doing about it to make it better? You know?

800
00:35:33,960 --> 00:35:37,040
Speaker 4: Do you think that it was possible before we met

801
00:35:37,200 --> 00:35:40,640
Speaker 4: that you had these questions answered? And many people think

802
00:35:40,680 --> 00:35:42,960
Speaker 4: they do, but they really don't. Because when we look

803
00:35:42,960 --> 00:35:46,200
Speaker 4: at your taxes, guess what, you might be paying more

804
00:35:46,200 --> 00:35:48,840
Speaker 4: tax than you really need to. You could be getting

805
00:35:48,840 --> 00:35:51,400
Speaker 4: more income and pay less tax. Is that what you

806
00:35:51,440 --> 00:35:53,160
Speaker 4: would want? Well, we can help you. Let's have a

807
00:35:53,200 --> 00:35:56,640
Speaker 4: discussion and get deeper understanding and move the conversation in

808
00:35:56,680 --> 00:35:59,160
Speaker 4: the right direction to help you and to guide you

809
00:35:59,440 --> 00:36:00,920
Speaker 4: and to make sure that you have the clarity and

810
00:36:00,960 --> 00:36:02,520
Speaker 4: commence that you need in retirement.

811
00:36:02,760 --> 00:36:05,320
Speaker 2: The more we understand you, the more we can develop

812
00:36:05,360 --> 00:36:06,200
Speaker 2: a complete plan.

813
00:36:06,719 --> 00:36:07,719
Speaker 3: So two things are true.

814
00:36:07,760 --> 00:36:10,800
Speaker 2: As a financial professional, I want to help you achieve

815
00:36:10,800 --> 00:36:13,759
Speaker 2: your financial goals and create a complete plan. Again, Chris

816
00:36:13,800 --> 00:36:15,759
Speaker 2: mentioned as a fiduciary, Wane to do the best thing

817
00:36:15,800 --> 00:36:18,400
Speaker 2: for you. So sometimes I need to ask you to

818
00:36:18,480 --> 00:36:21,759
Speaker 2: take action. And here's what happens. When people come in,

819
00:36:22,239 --> 00:36:24,880
Speaker 2: are you shopping or do you want to buy? And

820
00:36:24,920 --> 00:36:27,080
Speaker 2: when it gets to the end of the presentation or

821
00:36:27,120 --> 00:36:29,680
Speaker 2: the question, we ask you, what do we do from here?

822
00:36:30,360 --> 00:36:32,640
Speaker 2: And it's a question that you have to tell us

823
00:36:32,680 --> 00:36:35,240
Speaker 2: what to do at that point. And that's certainly nothing

824
00:36:35,239 --> 00:36:38,160
Speaker 2: to apologize for. It's the right approach and it makes

825
00:36:38,200 --> 00:36:40,960
Speaker 2: all the difference in the world. And so many times, Chris,

826
00:36:40,960 --> 00:36:43,880
Speaker 2: we've heard people say because she said, because he said, no,

827
00:36:44,600 --> 00:36:47,279
Speaker 2: this is your money. So let's put this another way,

828
00:36:47,520 --> 00:36:51,520
Speaker 2: action versus inaction. When you leave today, you're going to

829
00:36:51,520 --> 00:36:53,960
Speaker 2: be making one of two decisions. You can make the

830
00:36:54,040 --> 00:36:57,160
Speaker 2: decision of inaction and do nothing, and many people do

831
00:36:57,239 --> 00:36:59,839
Speaker 2: that because you're comfortable with what your strategy is right

832
00:36:59,880 --> 00:37:03,200
Speaker 2: now have and nothing we discussed has brought up any

833
00:37:03,239 --> 00:37:06,359
Speaker 2: concerns for you and that's okay. Or you can make

834
00:37:06,360 --> 00:37:09,640
Speaker 2: the decision of action because there are some concerns that

835
00:37:09,680 --> 00:37:11,920
Speaker 2: you want to address and you want to make some

836
00:37:12,080 --> 00:37:13,120
Speaker 2: changes to your plan.

837
00:37:13,840 --> 00:37:16,480
Speaker 3: What do you feel is the right decision today?

838
00:37:17,080 --> 00:37:19,560
Speaker 2: And as you can see, we do not mention anything

839
00:37:19,560 --> 00:37:22,640
Speaker 2: about buying X product or going with Strategy WI. The

840
00:37:22,719 --> 00:37:27,399
Speaker 2: decision making becomes more about your concerns being addressed than

841
00:37:27,440 --> 00:37:31,240
Speaker 2: the financial instruments being used. Eight three to three Magi Tax.

842
00:37:31,440 --> 00:37:34,480
Speaker 2: Watch your TV show every Sunday on ABC TV at

843
00:37:34,520 --> 00:37:37,479
Speaker 2: ten thirty. Go to our website Maggie Tax dot com.

844
00:37:37,520 --> 00:37:40,520
Speaker 2: Fill out the retirement calculator, look for the seminars or

845
00:37:40,520 --> 00:37:44,400
Speaker 2: register for our seminars every month. Scheduled appointment today to

846
00:37:44,440 --> 00:37:46,800
Speaker 2: meet with Chris and I. Eight three to three Magi Tax.

847
00:37:46,880 --> 00:37:50,040
Speaker 2: Let's have a conversation and go over your concerns. Eight

848
00:37:50,080 --> 00:37:53,680
Speaker 2: three to three Magi Tax. Get the Maggie Plan, Tax Planning,

849
00:37:53,760 --> 00:37:57,560
Speaker 2: income planning, investment planning, insurance planning, and estate planning.

850
00:37:57,880 --> 00:37:59,680
Speaker 3: Eight three to three Magi Tax.

851
00:38:01,960 --> 00:38:04,759
Speaker 1: Thank you for listening to Maggie Tax and Financial Show

852
00:38:04,840 --> 00:38:08,600
Speaker 1: with Robert and Chris Maggie of Maggie Tax Wealth Advisors.

853
00:38:08,680 --> 00:38:12,000
Speaker 1: Listen here five to six pm every Saturday and from

854
00:38:12,000 --> 00:38:15,200
Speaker 1: eleven am till noon every Sunday, or anytime on the

855
00:38:15,239 --> 00:38:18,760
Speaker 1: free iHeartRadio app. And remember you can pay less tax

856
00:38:18,920 --> 00:38:22,759
Speaker 1: with Maggie Tax Program. Content provided by Maggie Tax Wealth

857
00:38:22,800 --> 00:38:26,160
Speaker 1: and Advisors. Call them at eight three three Maggie Tax,

858
00:38:26,360 --> 00:38:31,520
Speaker 1: or visit them online at maggietax dot com.