1 00:00:00,560 --> 00:00:03,640 Speaker 1: All these years you've saved up planning for a secure retirement, 2 00:00:03,720 --> 00:00:05,840 Speaker 1: but if you're not careful, it will be the irs 3 00:00:05,880 --> 00:00:08,280 Speaker 1: that is living it up when you retire by taxing 4 00:00:08,320 --> 00:00:11,440 Speaker 1: your hard earned money. Welcome to the Maggie Tax and 5 00:00:11,480 --> 00:00:14,720 Speaker 1: Financial Show with Robert and Chris Maggie of Maggie Tax 6 00:00:14,720 --> 00:00:18,320 Speaker 1: and Wealth Advisors. With over four decades of combined experience 7 00:00:18,600 --> 00:00:22,720 Speaker 1: and tax savings, income planning, and investment opportunities, Robert and 8 00:00:22,800 --> 00:00:26,440 Speaker 1: Chris share advice and tax planning strategies designed to protect 9 00:00:26,560 --> 00:00:29,880 Speaker 1: your retirement nest day from Uncle Sam. Call them at 10 00:00:29,920 --> 00:00:33,960 Speaker 1: eight three three Maggie Tax or online at Maggie Tax 11 00:00:34,000 --> 00:00:36,880 Speaker 1: dot com. And now your host for the Maggie Tax 12 00:00:36,880 --> 00:00:39,680 Speaker 1: and Financial Show, Robert and Chris Maggie. 13 00:00:41,120 --> 00:00:43,520 Speaker 2: Hello everyone, and welcome to the Maggie Tax and Wealth 14 00:00:43,520 --> 00:00:46,239 Speaker 2: Advisor Show. My name is Robert Maggie and we're grateful 15 00:00:46,320 --> 00:00:48,760 Speaker 2: that you're spending part of your day with us. And 16 00:00:48,800 --> 00:00:51,440 Speaker 2: whether you're driving, relaxing at home, or listening on the go, 17 00:00:51,800 --> 00:00:54,760 Speaker 2: this is your place for clarity, confidence, and real guidance 18 00:00:54,800 --> 00:00:57,840 Speaker 2: on building a stronger financial future. Each week we walk 19 00:00:57,880 --> 00:01:00,200 Speaker 2: you through the four pillars that shape a six us 20 00:01:00,280 --> 00:01:02,600 Speaker 2: for retirement and today is no different. And I'd like 21 00:01:02,600 --> 00:01:04,600 Speaker 2: to introduce my son, Chris Maggie, and we have a 22 00:01:04,600 --> 00:01:04,959 Speaker 2: lot to. 23 00:01:04,920 --> 00:01:07,440 Speaker 3: Talk about absolutely, so welcome everyone. I am Chris Maggie 24 00:01:07,440 --> 00:01:09,039 Speaker 3: and thank you so much for tuning into the show. 25 00:01:09,120 --> 00:01:11,039 Speaker 3: As my dad mentioned before, you know, we're trying to 26 00:01:11,319 --> 00:01:14,640 Speaker 3: provide clarity and confidence to you because this is your 27 00:01:14,720 --> 00:01:17,640 Speaker 3: step right now to do something to protect yourself, to 28 00:01:17,640 --> 00:01:20,160 Speaker 3: make sure that you have a plan in retirement. So 29 00:01:20,319 --> 00:01:22,360 Speaker 3: visit our website at Maggie Tax dot com, pick up 30 00:01:22,400 --> 00:01:24,480 Speaker 3: the phone, schedule time to meet with us. Write this 31 00:01:24,600 --> 00:01:27,960 Speaker 3: number down eight three three Maggie Tax. That's m A 32 00:01:28,080 --> 00:01:31,080 Speaker 3: G G I T a X dot com. So first 33 00:01:31,240 --> 00:01:33,759 Speaker 3: throughout today's show, we're going to dive into investment planning 34 00:01:33,800 --> 00:01:36,959 Speaker 3: because your future deserves a plan, not a guess, you know. 35 00:01:37,040 --> 00:01:39,839 Speaker 3: Then we're going to explore tax planning with your investments. 36 00:01:39,959 --> 00:01:41,800 Speaker 3: We want to help you keep more of what you 37 00:01:41,920 --> 00:01:45,800 Speaker 3: earn so your money works smarter, not harder. We'll also 38 00:01:45,840 --> 00:01:48,800 Speaker 3: talking about protecting your assets in retirement. We want to 39 00:01:48,880 --> 00:01:51,760 Speaker 3: ensure that the nest egg that you've built stays safe 40 00:01:52,040 --> 00:01:56,520 Speaker 3: through market swings and also life unexpected moments. And finally, 41 00:01:56,720 --> 00:01:58,800 Speaker 3: I'm going to wrap up with a check up on 42 00:01:58,840 --> 00:02:02,440 Speaker 3: your current investment. Who wants a check up? Well, every year, 43 00:02:02,560 --> 00:02:04,960 Speaker 3: every month, you need to make sure that you're looking 44 00:02:04,960 --> 00:02:07,840 Speaker 3: at something because a simple but powerful way to make 45 00:02:07,840 --> 00:02:11,280 Speaker 3: sure your financial strategy is truly aligned with your goals. 46 00:02:11,280 --> 00:02:14,400 Speaker 3: And this is so important because goals change, life changes, 47 00:02:14,600 --> 00:02:18,160 Speaker 3: life happens, but making sure your goals are on track. 48 00:02:18,280 --> 00:02:20,880 Speaker 3: So here at Magattas and Wealth Advisors, our mission is 49 00:02:20,960 --> 00:02:24,480 Speaker 3: very simple, is to help you plan, protect and prosper. 50 00:02:24,800 --> 00:02:28,480 Speaker 3: And if you ever find yourself thinking I'd love to 51 00:02:28,560 --> 00:02:32,200 Speaker 3: take someone or really have someone look at my situation, 52 00:02:32,360 --> 00:02:34,720 Speaker 3: well we'll be honored to meet with you. That's why 53 00:02:34,760 --> 00:02:37,680 Speaker 3: we do should what we do, we do complete planning, 54 00:02:37,760 --> 00:02:41,680 Speaker 3: tax planning, investment planning, insurance planning, income planning. We want 55 00:02:41,720 --> 00:02:44,880 Speaker 3: to empower you with knowledge and invite you into a 56 00:02:44,880 --> 00:02:48,320 Speaker 3: conversation that can change your financial future because this is 57 00:02:48,320 --> 00:02:51,160 Speaker 3: your money. Making sure that you put together a plan 58 00:02:51,480 --> 00:02:54,680 Speaker 3: is so important. So settle in, stay with us, and 59 00:02:54,760 --> 00:02:55,960 Speaker 3: let's let's get started here. 60 00:02:56,120 --> 00:02:58,600 Speaker 2: Yeah, So let me ask you all a question. Let 61 00:02:58,639 --> 00:03:01,480 Speaker 2: me ask you something. When you think about your financial future, 62 00:03:02,040 --> 00:03:04,280 Speaker 2: are you driving the car or are you just hoping 63 00:03:04,560 --> 00:03:07,680 Speaker 2: the road takes you somewhere good because in today's world, 64 00:03:07,800 --> 00:03:11,000 Speaker 2: hope is not a strategy, and the right investment plan 65 00:03:11,080 --> 00:03:14,560 Speaker 2: can change the entire trajectory of your life, and the 66 00:03:14,600 --> 00:03:17,919 Speaker 2: wrong one it can cost you years, over time and comfort. 67 00:03:18,480 --> 00:03:21,440 Speaker 2: So choosing your where to put your money today isn't 68 00:03:21,520 --> 00:03:27,120 Speaker 2: just important, it's mission critical, market shift and economics change, 69 00:03:27,560 --> 00:03:29,480 Speaker 2: and the people who win are the ones who plan 70 00:03:29,639 --> 00:03:31,640 Speaker 2: with a purpose. And that's what we call the Maggie Plan, 71 00:03:32,120 --> 00:03:36,120 Speaker 2: simple and easy to understand. Maggie Tax and Wealth Advisors 72 00:03:36,160 --> 00:03:39,680 Speaker 2: believes every single dollar should have a job, a mission, 73 00:03:39,960 --> 00:03:43,400 Speaker 2: and a path toward growth. So if your investments are scattered, 74 00:03:43,440 --> 00:03:46,120 Speaker 2: they're outdated, or writing the ups and downs of the 75 00:03:46,160 --> 00:03:49,320 Speaker 2: market without a strategy behind them, then today's segment is 76 00:03:49,360 --> 00:03:52,480 Speaker 2: going to open up your eyes because this isn't just 77 00:03:52,560 --> 00:03:55,960 Speaker 2: about investing, It's about building the future that you want 78 00:03:56,400 --> 00:03:59,720 Speaker 2: with intention, clarity, and confidence. So so buckle up. This 79 00:03:59,800 --> 00:04:02,000 Speaker 2: is where your financial transformation begins. 80 00:04:02,320 --> 00:04:04,160 Speaker 3: So let's talk about this. You mentioned where it's scattered. 81 00:04:04,160 --> 00:04:07,120 Speaker 3: It's a big word outdated. How many people do we see? 82 00:04:07,360 --> 00:04:11,880 Speaker 3: How often is people's accounts just scattered everywhere? I know 83 00:04:11,960 --> 00:04:13,680 Speaker 3: I can talk about when people come in and meet 84 00:04:13,720 --> 00:04:16,279 Speaker 3: with us. They have piles of money that paper everywhere. 85 00:04:16,360 --> 00:04:18,920 Speaker 3: They have a statement here, a statement there. They go, Oh, 86 00:04:18,960 --> 00:04:20,840 Speaker 3: I forgot about this one. I didn't bring that one in. 87 00:04:21,240 --> 00:04:23,039 Speaker 3: I think I have a couple at home, you know, 88 00:04:23,120 --> 00:04:25,400 Speaker 3: I think that one is with the other company, but 89 00:04:25,440 --> 00:04:28,440 Speaker 3: I'm not sure. So these are everything scattered unknown. I mean, 90 00:04:28,680 --> 00:04:30,640 Speaker 3: what do we do to put that together? For people 91 00:04:30,640 --> 00:04:31,400 Speaker 3: to help them. 92 00:04:31,360 --> 00:04:33,159 Speaker 2: Well, they have to be willing to meet with someone 93 00:04:33,360 --> 00:04:35,560 Speaker 2: like Maggie tax and wealth advisors and sit down and 94 00:04:35,600 --> 00:04:38,440 Speaker 2: have a conversation. And I spoke to someone today and 95 00:04:38,880 --> 00:04:42,440 Speaker 2: they said to us, you know, why doesn't advisors sit 96 00:04:42,520 --> 00:04:45,280 Speaker 2: down and talk about what you guys talk about complete planning, 97 00:04:45,320 --> 00:04:48,000 Speaker 2: like your son says all this stuff. It's because they're 98 00:04:48,080 --> 00:04:50,599 Speaker 2: just settled on one product and one you know thing only. 99 00:04:50,720 --> 00:04:53,840 Speaker 2: So your money must have a mission. I said that before, 100 00:04:53,880 --> 00:04:56,159 Speaker 2: and this is one of the biggest concerns. Every dollar 101 00:04:56,240 --> 00:04:59,320 Speaker 2: that you have should be working toward a specific goal, 102 00:04:59,400 --> 00:05:02,880 Speaker 2: whether it be growth, whether it be income protection, not 103 00:05:03,000 --> 00:05:05,440 Speaker 2: drifting in the market without purpose. And that's one of 104 00:05:05,520 --> 00:05:07,920 Speaker 2: the things. It has to have a purpose. I don't 105 00:05:07,920 --> 00:05:10,840 Speaker 2: know if anyone speaks to you about purpose, but we 106 00:05:10,880 --> 00:05:12,800 Speaker 2: talk about growth, and the biggest thing Chris and I 107 00:05:12,839 --> 00:05:14,760 Speaker 2: always ask us about income. 108 00:05:14,600 --> 00:05:17,320 Speaker 3: And that's a great point. Income with your investments, they 109 00:05:17,320 --> 00:05:20,640 Speaker 3: go together because what many people don't realize is that 110 00:05:20,680 --> 00:05:23,880 Speaker 3: your investments could cause you to have less income or 111 00:05:23,920 --> 00:05:27,320 Speaker 3: more income. I mean if you're depending on your investments 112 00:05:27,400 --> 00:05:29,600 Speaker 3: to go ahead and perform and not perform, and then 113 00:05:29,600 --> 00:05:33,240 Speaker 3: you could have less income. So having investments with a 114 00:05:33,279 --> 00:05:35,640 Speaker 3: purpose is so crucial. So pick up the phone and 115 00:05:35,680 --> 00:05:37,919 Speaker 3: schedule time to meet with us. Because if you have 116 00:05:38,000 --> 00:05:40,360 Speaker 3: questions about your investments and are they going to generate 117 00:05:40,360 --> 00:05:42,680 Speaker 3: the right income? Are you live enough of dividends? Are 118 00:05:42,720 --> 00:05:44,480 Speaker 3: you dipping into the principle, then pick up the phone, 119 00:05:44,480 --> 00:05:47,719 Speaker 3: schedule time to meet with us. Eight three three Maggie tax. 120 00:05:48,320 --> 00:05:51,479 Speaker 2: So a plan outperforms guests work every time. What does 121 00:05:51,520 --> 00:05:54,160 Speaker 2: that mean? Because if you have a plan, like an 122 00:05:54,160 --> 00:05:57,880 Speaker 2: income plan, a tax plan, an investment plan, then you 123 00:05:57,880 --> 00:06:00,560 Speaker 2: don't have to worry about guessing any And that's the 124 00:06:00,600 --> 00:06:02,800 Speaker 2: problem I think a lot of people have. They think 125 00:06:02,839 --> 00:06:04,920 Speaker 2: they have a plan and they don't. And those who 126 00:06:05,400 --> 00:06:10,200 Speaker 2: invest with intention consistently outperform those who react to headlines, 127 00:06:10,520 --> 00:06:14,120 Speaker 2: emotions or market noise. So think about this. When you 128 00:06:14,120 --> 00:06:16,480 Speaker 2: have a plan and you know it's going to be 129 00:06:16,520 --> 00:06:19,360 Speaker 2: giving you a certain amount of income every single month 130 00:06:19,440 --> 00:06:22,080 Speaker 2: or every single year, no matter what the market does, 131 00:06:22,120 --> 00:06:23,680 Speaker 2: it's not going to affect it. And that's what we 132 00:06:23,720 --> 00:06:25,800 Speaker 2: talk about, Chris, when we talk about the Maggie plan. 133 00:06:26,360 --> 00:06:28,760 Speaker 2: When you have buckets, and you can talk about this 134 00:06:28,520 --> 00:06:32,760 Speaker 2: in a second. Most people don't know what buckets mean. 135 00:06:32,839 --> 00:06:35,000 Speaker 2: When you talk about investment planning. You have to have 136 00:06:35,040 --> 00:06:37,880 Speaker 2: a bucket for now, a bucket for later, and a 137 00:06:37,920 --> 00:06:41,400 Speaker 2: bucket for maybe after you retire or when you die. 138 00:06:41,800 --> 00:06:43,359 Speaker 2: And this is what I see, and I think we 139 00:06:43,440 --> 00:06:47,200 Speaker 2: both see that they don't have a plan to basically 140 00:06:48,080 --> 00:06:51,560 Speaker 2: take care of the first thing, income, the second thing, growth, 141 00:06:52,040 --> 00:06:54,880 Speaker 2: and then later when you pass away. Is that right? Yeah? 142 00:06:54,920 --> 00:06:56,160 Speaker 3: And when people come in to meet with us, you 143 00:06:56,240 --> 00:06:58,359 Speaker 3: put the other a balance sheet. We talked about this prior, 144 00:06:58,400 --> 00:07:00,480 Speaker 3: is that if you have statements and piles of money, 145 00:07:00,680 --> 00:07:03,080 Speaker 3: we're going to organize that for you. You're gonna have organization, 146 00:07:03,120 --> 00:07:05,600 Speaker 3: You're gonna know what's taxable, what's non taxable, and then 147 00:07:05,600 --> 00:07:08,080 Speaker 3: from there, that's why we put together a plan. Because 148 00:07:08,120 --> 00:07:11,400 Speaker 3: you mentioned a plan outperforms guesswork every time when we 149 00:07:11,440 --> 00:07:14,080 Speaker 3: put our plans together. We have now money, which we 150 00:07:14,200 --> 00:07:16,680 Speaker 3: generate income. We have later money, which is later money 151 00:07:16,680 --> 00:07:19,720 Speaker 3: where maybe five to ten years we'll touch that bucket, 152 00:07:19,720 --> 00:07:22,200 Speaker 3: and then we have never money that could be eleven 153 00:07:22,440 --> 00:07:24,600 Speaker 3: plus years that maybe you don't even touch it because 154 00:07:24,640 --> 00:07:27,080 Speaker 3: you're never going to touch it. Possibly. But so if 155 00:07:27,120 --> 00:07:30,679 Speaker 3: you invest your now money like you will your later money, 156 00:07:30,720 --> 00:07:33,600 Speaker 3: then you pretty much don't have an investment plan. And 157 00:07:33,640 --> 00:07:36,400 Speaker 3: many people don't realize that in retirement income is so 158 00:07:36,520 --> 00:07:39,440 Speaker 3: crucial because I just met with someone last week and 159 00:07:39,480 --> 00:07:42,520 Speaker 3: they're talking about income and she's draining. She has a 160 00:07:42,520 --> 00:07:45,440 Speaker 3: twelve percent distribution rate. She's spending a lot of money, 161 00:07:45,440 --> 00:07:47,440 Speaker 3: and we talked about it and I said, there's no 162 00:07:47,480 --> 00:07:50,480 Speaker 3: investment out there generating a twelve percent guaranteed return. And 163 00:07:50,520 --> 00:07:52,440 Speaker 3: she said, well, that's fine. I just want to spend 164 00:07:52,440 --> 00:07:54,080 Speaker 3: my money because I don't want to leave it to 165 00:07:54,120 --> 00:07:56,920 Speaker 3: my kids. And I said, Okay, that's her, that's her situation. 166 00:07:57,000 --> 00:07:59,320 Speaker 3: She has a plan, right because she knows that she's 167 00:07:59,360 --> 00:08:01,520 Speaker 3: going to spend the money and she's gonna live off 168 00:08:01,520 --> 00:08:04,360 Speaker 3: of what she has. So a plan outperforms guestwork. If 169 00:08:04,400 --> 00:08:07,840 Speaker 3: you don't have one, get one, eight three three Maggie Tax. 170 00:08:07,960 --> 00:08:10,960 Speaker 3: Let's talk about market change, Dad, and how your strategy 171 00:08:11,080 --> 00:08:11,880 Speaker 3: must do the same. 172 00:08:12,120 --> 00:08:14,840 Speaker 2: Well, we talk about like red money green money to 173 00:08:14,920 --> 00:08:17,600 Speaker 2: every client. Why because when a client comes in and 174 00:08:17,640 --> 00:08:19,520 Speaker 2: we look at their portfolio and we see what kind 175 00:08:19,520 --> 00:08:21,600 Speaker 2: of risk they're taking, which is very important to all 176 00:08:21,640 --> 00:08:24,600 Speaker 2: of you. If you're taking too much risk, then that 177 00:08:24,640 --> 00:08:26,960 Speaker 2: may not be the right choice for you. If you 178 00:08:27,080 --> 00:08:29,480 Speaker 2: lower the risk but still have growth in everything with it, 179 00:08:29,520 --> 00:08:31,400 Speaker 2: then you're going to be okay. But you can't risk 180 00:08:31,480 --> 00:08:34,600 Speaker 2: all your portfolio one hundred percent in red money or 181 00:08:34,600 --> 00:08:36,880 Speaker 2: in the market because, as you all know, guess what happens, 182 00:08:37,240 --> 00:08:40,280 Speaker 2: the market changes. So if you don't understand how to 183 00:08:40,360 --> 00:08:43,800 Speaker 2: separate your money from red money green money and actively 184 00:08:43,920 --> 00:08:46,960 Speaker 2: manage it where someone watches it for you, then you 185 00:08:47,080 --> 00:08:48,680 Speaker 2: need to do that and the other thing, Chris, just 186 00:08:48,720 --> 00:08:52,000 Speaker 2: to make this even easier, if people use a budget sheet, 187 00:08:52,480 --> 00:08:55,760 Speaker 2: which we see so many people don't, can you basically 188 00:08:55,800 --> 00:08:58,000 Speaker 2: separate the money for them and show them what they're doing. 189 00:08:58,080 --> 00:08:59,480 Speaker 3: That's it. I mean, when people come in, we're going 190 00:08:59,559 --> 00:09:01,760 Speaker 3: to look at your badge and your income, your investments, put 191 00:09:01,760 --> 00:09:04,400 Speaker 3: all together, even your taxes, which we haven't talked about 192 00:09:04,480 --> 00:09:07,760 Speaker 3: yet today. But you know, markets change and your strategy 193 00:09:07,880 --> 00:09:10,920 Speaker 3: must too. You know what worked five years ago maybe 194 00:09:11,000 --> 00:09:14,240 Speaker 3: hurting you today. So that's why a modern, actively reviewed 195 00:09:14,280 --> 00:09:17,960 Speaker 3: plan is the difference between momentum and stagnation. And we 196 00:09:17,960 --> 00:09:19,920 Speaker 3: talk about this all the time. So that's why it's 197 00:09:19,920 --> 00:09:22,199 Speaker 3: important to pick up the phone, schedule time to meet 198 00:09:22,240 --> 00:09:25,120 Speaker 3: with us eight three three Maggie Tax because we can 199 00:09:25,160 --> 00:09:28,040 Speaker 3: help you put together a plan that's what people want. 200 00:09:28,280 --> 00:09:31,560 Speaker 2: And let me also say this, small adjustments can create 201 00:09:31,640 --> 00:09:34,120 Speaker 2: massive results later, so you don't have to dump everything 202 00:09:34,440 --> 00:09:36,960 Speaker 2: at the same time. But when you start realizing that 203 00:09:37,040 --> 00:09:40,319 Speaker 2: you can strategically make this happen for you because the 204 00:09:40,400 --> 00:09:44,440 Speaker 2: right allocation or even the tax efficient move today, trust me, 205 00:09:44,480 --> 00:09:47,360 Speaker 2: can add years of comfort, freedom, and financial confidence to 206 00:09:47,400 --> 00:09:50,360 Speaker 2: your retirement. I think this is what people fall short. 207 00:09:50,400 --> 00:09:52,960 Speaker 2: They don't plan and they don't put a package together 208 00:09:53,400 --> 00:09:54,880 Speaker 2: like the Maggie plan that we talk about. 209 00:09:54,960 --> 00:09:57,400 Speaker 3: That's exactly right. So if you're listening right now and 210 00:09:57,440 --> 00:10:00,000 Speaker 3: even one part of you is thinking, I'm not sure 211 00:10:00,000 --> 00:10:02,320 Speaker 3: sure my investments are a positioned the way they should be. 212 00:10:02,440 --> 00:10:05,000 Speaker 3: If you're feeling that way, then this is your wake 213 00:10:05,040 --> 00:10:08,520 Speaker 3: up call. The markets won't wait. You know your retirement 214 00:10:08,600 --> 00:10:11,280 Speaker 3: won't wait as well, and delaying the right plan could 215 00:10:11,280 --> 00:10:14,760 Speaker 3: cost you more than you realize. So at Magi Tax 216 00:10:14,800 --> 00:10:18,720 Speaker 3: Advisory and Wealth Advisors, we help families every single day 217 00:10:18,760 --> 00:10:22,840 Speaker 3: turn confusion into clarity and uncertainty into confidence. Because you 218 00:10:22,920 --> 00:10:25,920 Speaker 3: retire once, well, we retire each and every day. So 219 00:10:25,960 --> 00:10:27,720 Speaker 3: pick up the phone right now, call us right now. 220 00:10:27,800 --> 00:10:30,880 Speaker 3: Don't put this off. Don't hope things sort themselves out. 221 00:10:30,960 --> 00:10:33,880 Speaker 3: Let's build a real plan together that protects your future 222 00:10:33,960 --> 00:10:36,480 Speaker 3: and gives you the peace of mind that you deserve. 223 00:10:36,600 --> 00:10:39,160 Speaker 3: Call a three to three Maggie Tax. What's the biggest 224 00:10:39,160 --> 00:10:41,520 Speaker 3: secret to changing the way you think about building wealth? 225 00:10:41,520 --> 00:10:43,839 Speaker 3: But we'll share that right next on the Magi Tax 226 00:10:43,920 --> 00:10:45,199 Speaker 3: and Wealth Advisor Show. 227 00:10:49,400 --> 00:10:52,960 Speaker 1: Stop funding Uncle Sam's retirement and start planning for your 228 00:10:53,000 --> 00:10:56,480 Speaker 1: own successful retirement. As we return to the Maggie Tax 229 00:10:56,520 --> 00:10:59,840 Speaker 1: Financial Show with your host Robert and Chris. Maggie with 230 00:11:00,080 --> 00:11:03,160 Speaker 1: Maggie Tax and Wealth Advisors. For information on how you 231 00:11:03,200 --> 00:11:06,800 Speaker 1: can create a tax free retirement, call eight three three 232 00:11:07,200 --> 00:11:11,480 Speaker 1: Maggie Tax or visit Maggie Tax dot com. Now you're 233 00:11:11,520 --> 00:11:15,400 Speaker 1: host with Maggie Tax and Wealth Advisors. Robert and Chris Maggie. 234 00:11:16,000 --> 00:11:18,160 Speaker 3: All right, let's shift gears. Welcome back to the Maggie 235 00:11:18,240 --> 00:11:21,319 Speaker 3: Tax and Wealth Advisors Show. And before the break, I asked, 236 00:11:21,520 --> 00:11:23,520 Speaker 3: what is the biggest secret to change in the way 237 00:11:23,559 --> 00:11:27,280 Speaker 3: you think about building wealth? Well, here's the truth. Taxes 238 00:11:27,360 --> 00:11:30,680 Speaker 3: are the single biggest expense you'll face in retirement. You know, 239 00:11:30,679 --> 00:11:33,120 Speaker 3: It's bigger than healthcare, it's bigger than travel, it's even 240 00:11:33,160 --> 00:11:37,280 Speaker 3: bigger than market losses. And yet most investors never take 241 00:11:37,320 --> 00:11:40,280 Speaker 3: the time to align their investments with the tax strategies 242 00:11:40,480 --> 00:11:43,120 Speaker 3: that could save them tens of hundreds of thousands of 243 00:11:43,120 --> 00:11:46,480 Speaker 3: dollars sometimes even more over their lifetime. So welcome back 244 00:11:46,480 --> 00:11:48,719 Speaker 3: to the Maggie Tax and Wealth Advisor Show. And I'm 245 00:11:48,720 --> 00:11:50,520 Speaker 3: here with my dad and cost of the show. And 246 00:11:50,559 --> 00:11:53,160 Speaker 3: today we're talking about a lot of things. But most 247 00:11:53,200 --> 00:11:58,160 Speaker 3: advisors out there basically tell their clients we'll go consult 248 00:11:58,200 --> 00:12:02,199 Speaker 3: with a tax advisor. Meanwhile, they'ren't even thinking about taxes, 249 00:12:02,280 --> 00:12:05,080 Speaker 3: not doing the justice for you, and that's why we 250 00:12:05,120 --> 00:12:07,320 Speaker 3: think it's not the right plan. So pick of the phone, 251 00:12:07,360 --> 00:12:08,880 Speaker 3: schedule time to meet with this. Because if you're looking 252 00:12:08,920 --> 00:12:13,400 Speaker 3: for complete planning, tax planning, investment planning, investment planning, social 253 00:12:13,400 --> 00:12:16,800 Speaker 3: security planning, income planning, and state planning. We can help 254 00:12:16,960 --> 00:12:18,240 Speaker 3: eight three to three Maggie. 255 00:12:18,240 --> 00:12:21,360 Speaker 2: Tax And this is where smart money separates itself from 256 00:12:21,400 --> 00:12:25,760 Speaker 2: average money because when you understand the tax code, when 257 00:12:25,800 --> 00:12:29,679 Speaker 2: you use it to your advantage, your investments suddenly grow faster, 258 00:12:29,840 --> 00:12:33,400 Speaker 2: they last longer, and create far more security for your family. 259 00:12:33,480 --> 00:12:35,840 Speaker 2: And I'm not asking you to be a tax advisor. 260 00:12:36,240 --> 00:12:38,520 Speaker 2: I'm not asking you to be, you know, a tax preparer. 261 00:12:39,000 --> 00:12:41,360 Speaker 2: I'm asking you to come in because we understand that 262 00:12:41,360 --> 00:12:44,280 Speaker 2: that's what we do every day. And I think that 263 00:12:44,400 --> 00:12:46,960 Speaker 2: if you have an explanation where you can understand it 264 00:12:47,400 --> 00:12:49,839 Speaker 2: and it makes clarity like Chris talks about before, it's 265 00:12:49,840 --> 00:12:52,200 Speaker 2: going to help you. So let's pull back the curtain 266 00:12:52,320 --> 00:12:55,760 Speaker 2: on the strategies the ulture smart investors use to legally 267 00:12:55,840 --> 00:12:59,040 Speaker 2: reduce their tax burden. And I always get this question. 268 00:12:59,160 --> 00:13:02,240 Speaker 2: Legally is the key word. But the bottom lawn is 269 00:13:02,240 --> 00:13:04,720 Speaker 2: are going to boost their income and stretch their retirement 270 00:13:04,760 --> 00:13:07,400 Speaker 2: dollars further than they ever thought possible. And just remember, 271 00:13:07,960 --> 00:13:10,840 Speaker 2: taxes change all the time. It's not carved in stone, 272 00:13:10,960 --> 00:13:13,360 Speaker 2: and you have to be aware like we are about 273 00:13:13,440 --> 00:13:15,400 Speaker 2: the changes to explain it to you. So let's talk 274 00:13:15,440 --> 00:13:18,959 Speaker 2: about how some people seem to get ahead faster than 275 00:13:19,080 --> 00:13:19,720 Speaker 2: some other people. 276 00:13:19,800 --> 00:13:23,400 Speaker 3: Chris, Well, why because they use tax planning with their investments. 277 00:13:23,480 --> 00:13:25,199 Speaker 3: And let's talk about this because there's a couple of 278 00:13:25,240 --> 00:13:28,839 Speaker 3: different key pull up points that we want to stress today. 279 00:13:28,960 --> 00:13:33,040 Speaker 3: Number one is taxes are your biggest retirement threat. It's 280 00:13:33,080 --> 00:13:35,520 Speaker 3: not the market. And when you understand that, then you 281 00:13:35,559 --> 00:13:38,120 Speaker 3: start doing tax planning and you can start talking about 282 00:13:38,120 --> 00:13:41,760 Speaker 3: tax buckets and tax efficient strategies because without the right plan, 283 00:13:41,840 --> 00:13:44,439 Speaker 3: you could pay more in taxes over your lifetime than 284 00:13:44,480 --> 00:13:46,520 Speaker 3: you ever say for in retirement. Let's just talk about 285 00:13:46,520 --> 00:13:49,680 Speaker 3: iras for a minute. We do the retirement tax bomb. 286 00:13:49,840 --> 00:13:51,800 Speaker 3: When people come in and they have an IRA, which 287 00:13:51,840 --> 00:13:54,800 Speaker 3: is an account that's before tax, it's infected with taxes. 288 00:13:55,240 --> 00:13:57,920 Speaker 3: We have to pay taxes when you take that distribution out. 289 00:13:58,240 --> 00:14:01,240 Speaker 3: So explain to everyone today if they have the IRA, 290 00:14:02,440 --> 00:14:05,719 Speaker 3: that retirement tax bill report is so important. 291 00:14:05,640 --> 00:14:09,000 Speaker 2: Exactly, And think about this. We're all taught to save 292 00:14:09,080 --> 00:14:11,360 Speaker 2: in a four to oh one k an IRA, a 293 00:14:11,360 --> 00:14:14,040 Speaker 2: TSP A four or three B on a tax deferred basis. 294 00:14:14,040 --> 00:14:16,360 Speaker 2: So think about this for a second because this kind 295 00:14:16,360 --> 00:14:18,120 Speaker 2: of drives me nuts. Every time I think about it, 296 00:14:18,160 --> 00:14:20,080 Speaker 2: we work for twenty thirty years and we have a 297 00:14:20,160 --> 00:14:24,200 Speaker 2: tax deferred. Every year we get a tax deduction. Okay, 298 00:14:24,240 --> 00:14:26,600 Speaker 2: so stop and think a second. We get a tax deduction. 299 00:14:26,720 --> 00:14:30,160 Speaker 2: What happens when you retire. Well, with the retirement tax 300 00:14:30,160 --> 00:14:32,720 Speaker 2: bill that we have on our on our website Maggie 301 00:14:32,760 --> 00:14:34,920 Speaker 2: tax dot com, it's going to show you that when 302 00:14:34,960 --> 00:14:36,920 Speaker 2: you start taking the money at seventy three what you 303 00:14:37,000 --> 00:14:39,960 Speaker 2: have to take out. But guess what when you take 304 00:14:39,960 --> 00:14:42,280 Speaker 2: that money out, it goes back on your tax return 305 00:14:43,000 --> 00:14:47,160 Speaker 2: Chris's income and at what bracket and what level. So 306 00:14:47,360 --> 00:14:51,240 Speaker 2: basically my question is is the tax deduction you took 307 00:14:51,320 --> 00:14:53,960 Speaker 2: over those years worth, what's going to happen to you now? 308 00:14:53,960 --> 00:14:54,880 Speaker 2: Because what does it do? 309 00:14:54,960 --> 00:14:56,800 Speaker 3: And that's why you need tax planning because it could 310 00:14:56,800 --> 00:14:59,160 Speaker 3: be hired. It's an unknown question. Morek tax right, So 311 00:14:59,200 --> 00:15:01,280 Speaker 3: many people are paying in huge amount of taxes and 312 00:15:01,280 --> 00:15:04,240 Speaker 3: they're gonna pay even more. So it's not the market 313 00:15:04,240 --> 00:15:05,480 Speaker 3: that's the threat, it's taxes. 314 00:15:05,560 --> 00:15:05,800 Speaker 2: Right. 315 00:15:06,160 --> 00:15:09,240 Speaker 3: Another key point is smart investors just don't chase returns, 316 00:15:09,400 --> 00:15:13,440 Speaker 3: They chase efficiency. A tax aware strategy can boost your 317 00:15:13,480 --> 00:15:16,280 Speaker 3: long term wealth more than many investment changes could ever 318 00:15:16,680 --> 00:15:19,600 Speaker 3: if you're saving on taxes, you have more time for 319 00:15:19,640 --> 00:15:22,480 Speaker 3: your account to grow tax free. And that's why there's 320 00:15:22,520 --> 00:15:25,360 Speaker 3: tax free buckets. There are tax saving strategies you can do, 321 00:15:25,440 --> 00:15:27,760 Speaker 3: and if you're with the right advisor, they can talk 322 00:15:27,800 --> 00:15:30,440 Speaker 3: to you about this. It's called tax planning. That's what 323 00:15:30,480 --> 00:15:32,760 Speaker 3: we do with the Maggi Tax and Financial Show is 324 00:15:32,800 --> 00:15:36,320 Speaker 3: we educate people on tax efficient strategies. It's not just 325 00:15:36,360 --> 00:15:38,720 Speaker 3: about give your advisor the money and hopefully you can 326 00:15:38,800 --> 00:15:41,600 Speaker 3: chase the right stock or pick the right one. You 327 00:15:41,640 --> 00:15:44,280 Speaker 3: could do that, but also what's the rest of the game, 328 00:15:44,320 --> 00:15:45,880 Speaker 3: because when you got to pay taxes and all that, 329 00:15:46,040 --> 00:15:47,520 Speaker 3: you can wipe away the returns. 330 00:15:47,560 --> 00:15:49,560 Speaker 2: All right, So here's what I said before. We've been 331 00:15:49,600 --> 00:15:52,080 Speaker 2: taught to save on a tax deferred basis, So let's 332 00:15:52,120 --> 00:15:55,560 Speaker 2: flip that coin. Let's start saving on a tax free basis. 333 00:15:56,240 --> 00:15:58,200 Speaker 2: So when you do the time and tax bill on 334 00:15:58,280 --> 00:16:01,640 Speaker 2: my website, on our webs and you look at this, 335 00:16:01,800 --> 00:16:03,960 Speaker 2: if you say on a tax rebasis and you pay 336 00:16:04,000 --> 00:16:06,960 Speaker 2: the tax today, I'll bet you in twenty thirty years, 337 00:16:07,040 --> 00:16:09,400 Speaker 2: Chris forty years, and they look at the account and 338 00:16:09,400 --> 00:16:11,400 Speaker 2: they go, what tax do I have to pay? What's 339 00:16:11,440 --> 00:16:12,320 Speaker 2: the answer zero. 340 00:16:12,520 --> 00:16:15,520 Speaker 3: You can never beat a zero tax account. And it's 341 00:16:15,520 --> 00:16:19,160 Speaker 3: a beautiful thing because every account you own is tax differently, 342 00:16:19,200 --> 00:16:22,400 Speaker 3: and most portfolios are just built backwards. Their advisor is 343 00:16:22,440 --> 00:16:25,280 Speaker 3: not thinking that way, So your portfolio is built backwards. 344 00:16:25,320 --> 00:16:28,000 Speaker 3: Who wants an account that's built backwards. You don't want 345 00:16:28,040 --> 00:16:28,920 Speaker 3: to plan that way. 346 00:16:28,760 --> 00:16:30,760 Speaker 2: Because that's what we were taught. And our show is 347 00:16:30,760 --> 00:16:33,400 Speaker 2: based on the fact of saving on a tax free basis, 348 00:16:33,760 --> 00:16:35,640 Speaker 2: and this is something that all of you should be 349 00:16:35,640 --> 00:16:37,680 Speaker 2: looking at. If you have an IRA four oh one k, 350 00:16:38,280 --> 00:16:40,560 Speaker 2: to show you how we can turn it into a 351 00:16:40,600 --> 00:16:44,800 Speaker 2: tax free account doing a rough conversion strategically and Chris, 352 00:16:44,800 --> 00:16:47,920 Speaker 2: this is what people are not educated on it. They think, 353 00:16:47,960 --> 00:16:50,080 Speaker 2: oh my gosh, I got to pay all this tax. 354 00:16:50,120 --> 00:16:51,720 Speaker 2: Now explain no, you don't. 355 00:16:51,800 --> 00:16:53,680 Speaker 3: Well, that's why structureing in your assets and the right 356 00:16:53,760 --> 00:16:56,520 Speaker 3: accounts can immediately increase what you keep. So pick up 357 00:16:56,520 --> 00:16:58,440 Speaker 3: the phone, schedule time to meet with us eight three 358 00:16:58,560 --> 00:17:02,400 Speaker 3: three Maggie Tax website at Maggie tax dot com. Because 359 00:17:02,400 --> 00:17:06,560 Speaker 3: a personalized tax plan can stretch your retirement dollars by years. 360 00:17:07,080 --> 00:17:09,320 Speaker 3: Just use this example. If if your account's growing at 361 00:17:09,320 --> 00:17:11,600 Speaker 3: five percent on a tax free basis, it's way better 362 00:17:11,640 --> 00:17:14,359 Speaker 3: than an account earning eight percent or ten percent on 363 00:17:14,400 --> 00:17:16,959 Speaker 3: a before tax basis because you got to pay taxes 364 00:17:17,000 --> 00:17:19,040 Speaker 3: at a question mark tax rate. Who knows what it's 365 00:17:19,040 --> 00:17:22,080 Speaker 3: going to be. So when the IRS takes less, your 366 00:17:22,119 --> 00:17:26,639 Speaker 3: income lasts longer, your lifestyle improves, and your wealth grows faster. 367 00:17:27,119 --> 00:17:29,400 Speaker 3: That's what our mentality is here. So pick up the phone, 368 00:17:29,440 --> 00:17:31,600 Speaker 3: schedule time, let's put together a tax plan for you. 369 00:17:31,960 --> 00:17:34,120 Speaker 3: Eight three three Maggie Tax and go to. 370 00:17:34,080 --> 00:17:36,560 Speaker 2: Our website, Maggie Tax dot com. I challenge all of 371 00:17:36,560 --> 00:17:38,760 Speaker 2: you who have an IRA four oh one K. Go 372 00:17:38,840 --> 00:17:41,360 Speaker 2: to the top right and hit retirement tax bill. If 373 00:17:41,359 --> 00:17:43,640 Speaker 2: you're honest with everything, put your numbers in there, put 374 00:17:43,680 --> 00:17:46,159 Speaker 2: your agent there, and then by time you click it 375 00:17:46,200 --> 00:17:48,200 Speaker 2: in thirty seconds, you're going to get the report back 376 00:17:48,240 --> 00:17:50,399 Speaker 2: of what you're going to wind up getting or paying 377 00:17:50,880 --> 00:17:53,199 Speaker 2: when you turn seventy three. And this is important. So 378 00:17:53,600 --> 00:17:57,080 Speaker 2: if you're thinking that taxes may be quietly draining your retirement, 379 00:17:57,680 --> 00:18:01,040 Speaker 2: you're not imagining. And it's true, it's every single day 380 00:18:01,040 --> 00:18:04,040 Speaker 2: to people who simply don't know any better. Well, who 381 00:18:04,119 --> 00:18:07,159 Speaker 2: waited until it was too late, and that's the wrong strategy. 382 00:18:07,680 --> 00:18:09,840 Speaker 2: But that doesn't have to be your story, and we 383 00:18:09,880 --> 00:18:14,840 Speaker 2: always say, you have a chance right now to take control, okay, 384 00:18:15,320 --> 00:18:17,920 Speaker 2: to legally keep more of the money that you've worked 385 00:18:17,960 --> 00:18:22,760 Speaker 2: your entire life to save, to stop overpaying irs and 386 00:18:22,840 --> 00:18:26,160 Speaker 2: start redirecting those dollars back into your future, your family, 387 00:18:26,400 --> 00:18:28,840 Speaker 2: and your peace of mind on a tax free basis. 388 00:18:29,440 --> 00:18:32,000 Speaker 2: But it starts with one step picking up the phone 389 00:18:32,440 --> 00:18:35,480 Speaker 2: a three to three Maggie Tax. Stop being curious and 390 00:18:35,640 --> 00:18:39,280 Speaker 2: start being serious. Eight three to three Maggie Tax. 391 00:18:45,960 --> 00:18:49,560 Speaker 1: Stop funding Uncle Sam's retirement and start planning for your 392 00:18:49,560 --> 00:18:53,040 Speaker 1: own successful retirement. As we return to the Maggie Tax 393 00:18:53,080 --> 00:18:56,480 Speaker 1: Financial Show with your host Robert and Chris Maggie with 394 00:18:56,600 --> 00:18:59,719 Speaker 1: Maggie Tax and Wealth Advisors. For information on how you 395 00:18:59,760 --> 00:19:03,399 Speaker 1: can create a tax free retirement, call eight three three 396 00:19:03,800 --> 00:19:08,040 Speaker 1: Maggie Tax, or visit Maggie Tax dot com now your 397 00:19:08,119 --> 00:19:12,640 Speaker 1: host with Maggie Tax and Wealth Advisors Robert and Chris Maggie. 398 00:19:14,040 --> 00:19:16,320 Speaker 3: You've spent a lifetime building your savings, but the moment 399 00:19:16,359 --> 00:19:19,800 Speaker 3: you've step been through retirement, everything changes. The rules shift, 400 00:19:20,080 --> 00:19:23,240 Speaker 3: the risks multiply, and the money you've worked so hard 401 00:19:23,240 --> 00:19:27,560 Speaker 3: to protect becomes more vulnerable than ever before. Inflation eats 402 00:19:27,560 --> 00:19:30,520 Speaker 3: the way you're buying power, market volatility threatens your nest egg, 403 00:19:30,560 --> 00:19:34,560 Speaker 3: and healthcare costs explode, and unexpected life events can rewrite 404 00:19:34,560 --> 00:19:36,960 Speaker 3: your retirement in an instant. So welcome back to the 405 00:19:36,960 --> 00:19:39,640 Speaker 3: Maggie Tax and Wealth Advisors Show. And each and every 406 00:19:39,640 --> 00:19:42,440 Speaker 3: week we talked about clarity and confidence because the one 407 00:19:42,520 --> 00:19:45,919 Speaker 3: wrong move, or worse, no move at all, can undo 408 00:19:46,080 --> 00:19:48,639 Speaker 3: decades of hard work. So many people are in the 409 00:19:48,840 --> 00:19:52,560 Speaker 3: accumulation phase of their retirement, but what about the distribution phase? 410 00:19:52,600 --> 00:19:55,800 Speaker 3: And we specialize in helping people put together a plan 411 00:19:56,160 --> 00:19:58,359 Speaker 3: to help you during those retirement years. So pick up 412 00:19:58,359 --> 00:20:00,240 Speaker 3: the phone, schedule time to meet with us. Eight three 413 00:20:00,359 --> 00:20:01,560 Speaker 3: three Maggie TACs. 414 00:20:01,800 --> 00:20:04,520 Speaker 2: But here's the truth most people don't hear. Remember those 415 00:20:04,720 --> 00:20:08,640 Speaker 2: legendary NFL defenses I mentioned before the commercial break, talk 416 00:20:08,680 --> 00:20:13,200 Speaker 2: about the Pittsburgh Steelers, the Chicago Bears. Well, retirement isn't 417 00:20:13,240 --> 00:20:18,360 Speaker 2: about growth anymore. It's about defense, defense, defense. That's funny, right, 418 00:20:18,480 --> 00:20:20,959 Speaker 2: You send it the game and you go defense defense. Well, 419 00:20:20,960 --> 00:20:23,120 Speaker 2: that's the way it is. It's for real, okay. It's 420 00:20:23,160 --> 00:20:26,480 Speaker 2: about protecting what you have, securing your income and making 421 00:20:26,520 --> 00:20:28,600 Speaker 2: sure your money last as long as you do so. 422 00:20:29,080 --> 00:20:32,080 Speaker 2: And this is where the right strategy becomes everything, because 423 00:20:32,160 --> 00:20:37,240 Speaker 2: retirees who understand how to shield their savings don't just survive, 424 00:20:37,400 --> 00:20:43,320 Speaker 2: they strive, They live confidently, they sleep peacefully, and they 425 00:20:43,359 --> 00:20:47,040 Speaker 2: retire on their term. So these are strategies that safeguard 426 00:20:47,080 --> 00:20:50,000 Speaker 2: your life savings from the biggest threats in retirement and 427 00:20:50,040 --> 00:20:53,280 Speaker 2: reveal how you can protect everything you've worked for. Just remember, 428 00:20:54,000 --> 00:20:56,760 Speaker 2: you worked so many years for this. And I know, 429 00:20:56,800 --> 00:20:58,680 Speaker 2: and I bet your people listening out there aren't really 430 00:20:58,680 --> 00:21:01,800 Speaker 2: thinking about retirement, Chris. They're thinking about whatever the next 431 00:21:01,840 --> 00:21:03,840 Speaker 2: game is, or the next you know play they're going 432 00:21:03,920 --> 00:21:05,760 Speaker 2: to have, or the next you know show they're going 433 00:21:05,800 --> 00:21:08,879 Speaker 2: to see. They're not thinking about retirement, not for a minute. 434 00:21:08,920 --> 00:21:11,400 Speaker 2: And I think that's where most people they don't get 435 00:21:11,400 --> 00:21:13,679 Speaker 2: trained well, they don't get educated that well. And you 436 00:21:13,680 --> 00:21:15,919 Speaker 2: know what, when when you get to the end end 437 00:21:15,920 --> 00:21:17,919 Speaker 2: of the game, like they say, you've got to score, 438 00:21:18,600 --> 00:21:20,880 Speaker 2: but you can't be sure at the goal line, Chris, 439 00:21:20,920 --> 00:21:23,320 Speaker 2: You've got to get the right information and make sure 440 00:21:23,359 --> 00:21:24,840 Speaker 2: that it makes the right thing for you. 441 00:21:25,000 --> 00:21:26,640 Speaker 3: Well that's it. So that's why we have our show 442 00:21:26,640 --> 00:21:29,560 Speaker 3: each and every week on ABC TV at ten thirty 443 00:21:29,600 --> 00:21:32,680 Speaker 3: on Sunday. Tune in because we talk about these things. 444 00:21:32,680 --> 00:21:34,720 Speaker 3: We talk about what you can do. You know, if 445 00:21:34,720 --> 00:21:37,040 Speaker 3: you have an income plan in retirement, you're going to 446 00:21:37,119 --> 00:21:39,080 Speaker 3: be better off. But if you have no plan, then 447 00:21:39,160 --> 00:21:41,960 Speaker 3: guess what you have the government plan And that's not 448 00:21:42,040 --> 00:21:43,600 Speaker 3: a plan that you want. So pick up the phone, 449 00:21:43,640 --> 00:21:46,680 Speaker 3: schedule time to meet with us. Eight three three Maggie. 450 00:21:46,680 --> 00:21:50,600 Speaker 3: Tax because it's about protecting your assets in retirement. Retirement 451 00:21:50,680 --> 00:21:53,920 Speaker 3: doubles your exposure to risk. You know, without a paycheck, 452 00:21:53,960 --> 00:21:57,880 Speaker 3: every dollar must be protected from the market drops, the inflation, taxes, 453 00:21:57,920 --> 00:22:01,320 Speaker 3: and unexpected expenses. And it's true. I mean many people 454 00:22:01,320 --> 00:22:04,359 Speaker 3: in retirement when we do reviews with our clients, you know, 455 00:22:04,440 --> 00:22:07,720 Speaker 3: things happen, things are, things are going on, and what 456 00:22:07,760 --> 00:22:09,560 Speaker 3: do they do well? That's why they have to have 457 00:22:09,600 --> 00:22:11,719 Speaker 3: a plan. Because you can always go to another bucket 458 00:22:11,760 --> 00:22:13,919 Speaker 3: if you need more income or you know, maybe you 459 00:22:13,960 --> 00:22:16,280 Speaker 3: can go and have tax free income in the most 460 00:22:16,600 --> 00:22:19,400 Speaker 3: tax efficient way if you've set that up already for yourself. 461 00:22:19,400 --> 00:22:22,399 Speaker 3: And what about if something happens God forbid and you 462 00:22:22,440 --> 00:22:25,040 Speaker 3: need to pass away, do you want to go through 463 00:22:25,040 --> 00:22:27,960 Speaker 3: probate or do you want to go through avoiding the 464 00:22:27,960 --> 00:22:30,520 Speaker 3: probate process. And these are things that many people aren't 465 00:22:30,520 --> 00:22:33,800 Speaker 3: thinking about until today. And you know, I'm forty six 466 00:22:33,840 --> 00:22:35,840 Speaker 3: years old. And when I sit there and talk about 467 00:22:36,320 --> 00:22:38,400 Speaker 3: people who are about to retire and retire and I'll 468 00:22:38,440 --> 00:22:41,240 Speaker 3: do you know, they're older and than we are. But 469 00:22:41,320 --> 00:22:42,680 Speaker 3: the end of the day, they don't have a plan. 470 00:22:43,240 --> 00:22:45,000 Speaker 3: They need to have it. So if you're listening today, 471 00:22:45,840 --> 00:22:49,480 Speaker 3: put together a plan. Pay close attention because now is 472 00:22:49,520 --> 00:22:52,159 Speaker 3: the time to do something. Eight three three, Maggie Tax. 473 00:22:52,280 --> 00:22:54,000 Speaker 2: You know one thing I've always dreamed of and you 474 00:22:54,000 --> 00:22:55,879 Speaker 2: and I have done this before. I should open up 475 00:22:55,880 --> 00:22:59,920 Speaker 2: the retirement School of Retirement with Maggie Tax and Wealth Advice. 476 00:23:00,080 --> 00:23:03,159 Speaker 2: It's because ask your children how much they're learning in 477 00:23:03,240 --> 00:23:06,960 Speaker 2: school about defensive strategies for retirement. I don't think they are, 478 00:23:07,440 --> 00:23:09,359 Speaker 2: and how to win the retirement game. And that's up 479 00:23:09,400 --> 00:23:12,040 Speaker 2: to you the parent, and you know, and teach the 480 00:23:12,160 --> 00:23:15,000 Speaker 2: kids because the goal shifts how much can I make 481 00:23:15,760 --> 00:23:18,320 Speaker 2: to how long can I make it last? And that's 482 00:23:18,359 --> 00:23:20,440 Speaker 2: the biggest problem right now. You know, people work today 483 00:23:20,440 --> 00:23:22,639 Speaker 2: and they want to make sure they have enough income, 484 00:23:22,680 --> 00:23:24,399 Speaker 2: and they're looking for a job that's going to give 485 00:23:24,440 --> 00:23:28,800 Speaker 2: them enough income and and a retirement plan. So you know, 486 00:23:28,880 --> 00:23:32,680 Speaker 2: one major market event can permanently damage your income. If 487 00:23:32,680 --> 00:23:34,879 Speaker 2: if the market goes down and you're taking money out, 488 00:23:35,080 --> 00:23:37,400 Speaker 2: it's going to reduce your amount that you get because 489 00:23:37,440 --> 00:23:41,119 Speaker 2: your account value went down. So when you're withdrawing in retirement, 490 00:23:41,520 --> 00:23:45,000 Speaker 2: losses hit harder and recover slower, if they recover at all. 491 00:23:45,200 --> 00:23:47,320 Speaker 2: I'm sorry, Chris, Let's just use an example. Like many 492 00:23:47,359 --> 00:23:48,840 Speaker 2: people say, do you got get to a million dollars 493 00:23:48,920 --> 00:23:51,800 Speaker 2: or of retirement dollars? Well, you don't have to because 494 00:23:51,800 --> 00:23:53,760 Speaker 2: every situation is different. When you move the right advisor, 495 00:23:53,800 --> 00:23:56,720 Speaker 2: we'll talk about how much income do you need. Let's 496 00:23:56,760 --> 00:23:58,960 Speaker 2: just use that a million dollars for an example of 497 00:23:59,000 --> 00:24:01,520 Speaker 2: what you just taughtked about. Because one major market event 498 00:24:01,560 --> 00:24:04,199 Speaker 2: can permanently damage your income. Right, So think about the 499 00:24:04,200 --> 00:24:08,760 Speaker 2: million dollars. Well, say the market goes down forty percent. Well, 500 00:24:08,800 --> 00:24:10,400 Speaker 2: on the million dollars that before the. 501 00:24:10,320 --> 00:24:12,480 Speaker 3: Market went down, you were getting say four percent income, 502 00:24:12,520 --> 00:24:15,239 Speaker 3: that's forty thousand dollars a year of income. But if 503 00:24:15,280 --> 00:24:18,000 Speaker 3: the market goes down forty percent, now you have six 504 00:24:18,080 --> 00:24:22,399 Speaker 3: hundred thousand at four percent, that's twenty four thousand dollars 505 00:24:22,480 --> 00:24:26,399 Speaker 3: of income. So you just lost sixteen thousand dollars of 506 00:24:26,400 --> 00:24:29,800 Speaker 3: income because there was a big market drop. So one 507 00:24:29,880 --> 00:24:32,840 Speaker 3: major market event can permanently damage your income. Have you 508 00:24:32,920 --> 00:24:36,800 Speaker 3: thought about that, Because when you're in the distribution phase 509 00:24:36,840 --> 00:24:41,320 Speaker 3: of your retirement, losses hit harder and the recover process 510 00:24:41,400 --> 00:24:44,960 Speaker 3: is slower because on that six hundred thousand dollars, you 511 00:24:45,000 --> 00:24:47,280 Speaker 3: don't have to get forty percent to break up to 512 00:24:47,760 --> 00:24:49,520 Speaker 3: get to even of a million dollars, you have to 513 00:24:49,520 --> 00:24:52,560 Speaker 3: do a lot more hard work just to get to 514 00:24:52,760 --> 00:24:54,960 Speaker 3: back to a million. So whatever it is, if it's 515 00:24:54,960 --> 00:24:56,719 Speaker 3: one hundred thousand, if it's two million, if it's five 516 00:24:56,800 --> 00:24:58,920 Speaker 3: hundred thousand, it doesn't matter. The concept is the same. 517 00:24:59,400 --> 00:25:01,119 Speaker 3: You have to make make sure that you have a plan. 518 00:25:01,600 --> 00:25:04,840 Speaker 3: A protected plan gives you freedom because when your income 519 00:25:04,880 --> 00:25:10,800 Speaker 3: and assets are secure, you live retirement on your terms, confidently, comfortably, 520 00:25:11,040 --> 00:25:14,560 Speaker 3: and without fear, with clarity and confidence. And that's why 521 00:25:14,720 --> 00:25:16,640 Speaker 3: when people come to meet with us, we put together 522 00:25:16,720 --> 00:25:20,640 Speaker 3: Maggi plan. The Maggi plan is what income planning, tax planning, 523 00:25:20,920 --> 00:25:27,760 Speaker 3: investment planning, social security maximization planning, estate planning, legacy planning. 524 00:25:28,880 --> 00:25:31,640 Speaker 3: When you meet with the right advisor, there's so much 525 00:25:31,680 --> 00:25:34,520 Speaker 3: that you can discuss to put together a plan for you. 526 00:25:35,200 --> 00:25:37,520 Speaker 3: Are you looking for a transaction? Are you just trying 527 00:25:37,520 --> 00:25:39,560 Speaker 3: to find the best stock or the best fund out 528 00:25:39,600 --> 00:25:42,080 Speaker 3: there to put your money into. Well, if that's what 529 00:25:42,080 --> 00:25:44,320 Speaker 3: you're looking for, that's that's not us. But if you're 530 00:25:44,320 --> 00:25:46,679 Speaker 3: looking for an overall plan where you're dialed in on 531 00:25:46,800 --> 00:25:49,400 Speaker 3: what you really want income in a most tax efficient way, 532 00:25:49,840 --> 00:25:52,720 Speaker 3: buckets of money with a purpose, making sure that everything 533 00:25:52,760 --> 00:25:55,520 Speaker 3: passes the way you want to, then that's what we 534 00:25:55,560 --> 00:25:57,240 Speaker 3: do for you. So you pick up the phone, schedule 535 00:25:57,280 --> 00:25:59,240 Speaker 3: time to meet with us. Eight three three Magi tax. 536 00:25:59,640 --> 00:26:03,360 Speaker 3: We're here for you, maggietax dot com. We have so many, 537 00:26:04,280 --> 00:26:07,200 Speaker 3: so much help here to help people and educate them 538 00:26:07,240 --> 00:26:08,760 Speaker 3: on ways to do this right. 539 00:26:08,960 --> 00:26:11,280 Speaker 2: So let's recap for a second because we said a 540 00:26:11,280 --> 00:26:14,679 Speaker 2: lot today, but there's four powerful bullets that protecting your 541 00:26:14,720 --> 00:26:16,800 Speaker 2: assets in retirement and how many of you really you 542 00:26:16,800 --> 00:26:19,800 Speaker 2: know taking some time to do that. So retirement doubles 543 00:26:19,840 --> 00:26:22,000 Speaker 2: your exposure to risk. You got to be careful because 544 00:26:22,000 --> 00:26:24,360 Speaker 2: the older you get and the more risk you take, 545 00:26:24,520 --> 00:26:27,879 Speaker 2: that's going to lose your paycheck if you will, because 546 00:26:27,920 --> 00:26:29,880 Speaker 2: you have to have a paycheck when you retire. Could 547 00:26:29,880 --> 00:26:32,320 Speaker 2: it be so security, Could it be pensioned, Could it 548 00:26:32,359 --> 00:26:34,320 Speaker 2: be interest? Could it be a lot of those things. 549 00:26:34,640 --> 00:26:36,439 Speaker 2: But you have to be ready to make sure that 550 00:26:36,520 --> 00:26:40,040 Speaker 2: this is protected and defensive strategies with retirement game. What 551 00:26:40,080 --> 00:26:42,600 Speaker 2: am I talking about there? I said it before? You 552 00:26:42,640 --> 00:26:44,760 Speaker 2: know how much red money green money do you have? 553 00:26:45,119 --> 00:26:47,560 Speaker 2: Are you taking too much risk? Are you doing a 554 00:26:47,680 --> 00:26:50,920 Speaker 2: risk tolerance to see what your risk is? Many people don't. 555 00:26:50,920 --> 00:26:53,000 Speaker 2: They just leave it and forget it, and that's not 556 00:26:53,080 --> 00:26:55,320 Speaker 2: a good way to go. And you know, one major 557 00:26:55,480 --> 00:26:59,400 Speaker 2: market event can permanently damage you know, your income because 558 00:26:59,520 --> 00:27:01,840 Speaker 2: you have to let us know. And one thing Chris 559 00:27:01,920 --> 00:27:05,040 Speaker 2: and I do on my advisors here at Maggie Tax 560 00:27:05,040 --> 00:27:07,800 Speaker 2: and Wealth Advisors, The first question is how much income 561 00:27:07,840 --> 00:27:10,280 Speaker 2: do you need in retirement? Because many of you don't 562 00:27:10,280 --> 00:27:12,480 Speaker 2: think about it. Many of you just take, like Chris 563 00:27:12,480 --> 00:27:15,359 Speaker 2: talk about before, takeout forty percent and then let the 564 00:27:15,400 --> 00:27:17,639 Speaker 2: account go down. That's not a retirement plan. That's not 565 00:27:17,720 --> 00:27:20,879 Speaker 2: an income plan. So think about it. Have someone review 566 00:27:20,920 --> 00:27:23,240 Speaker 2: your account. Even if you're right now listening to me 567 00:27:23,440 --> 00:27:26,120 Speaker 2: and Chris, maybe you think, oh, my accounts are great. 568 00:27:26,200 --> 00:27:29,080 Speaker 2: No they're not. I can say they're not because something's 569 00:27:29,119 --> 00:27:32,760 Speaker 2: wrong with them, have someone look at it, get a review, okay, 570 00:27:33,240 --> 00:27:36,440 Speaker 2: and a protected plan gives you freedom. And Chris, every 571 00:27:36,440 --> 00:27:38,760 Speaker 2: time we see clients come in, I think the biggest 572 00:27:38,760 --> 00:27:41,040 Speaker 2: thing is fear. You know, they're going to run out 573 00:27:41,040 --> 00:27:43,119 Speaker 2: of money. They're not sure what's going to happen with 574 00:27:43,160 --> 00:27:46,000 Speaker 2: their you know state plan. It's because they don't sit 575 00:27:46,040 --> 00:27:47,520 Speaker 2: down and talk to someone. And that's what we do 576 00:27:47,600 --> 00:27:49,600 Speaker 2: with the Maggie plan. Would you agree absolutely? 577 00:27:49,640 --> 00:27:52,040 Speaker 3: And that's why you know you mentioned there might be 578 00:27:52,040 --> 00:27:54,760 Speaker 3: something wrong with your plan, and you might not have 579 00:27:55,160 --> 00:27:58,200 Speaker 3: taxes built into it, you might not have guaranteed income 580 00:27:58,240 --> 00:28:00,880 Speaker 3: for life, a guaranteed paycheck and all so a play check. 581 00:28:01,400 --> 00:28:04,120 Speaker 3: You know you might have taking more risk than really 582 00:28:04,160 --> 00:28:06,320 Speaker 3: what you want in retirement. You know, it'd be great 583 00:28:06,320 --> 00:28:08,360 Speaker 3: if the market just kept going up, up, up, but up, 584 00:28:08,440 --> 00:28:10,320 Speaker 3: but guess what, there will be pullbacks and what are 585 00:28:10,320 --> 00:28:13,000 Speaker 3: you doing about that? That's why it's so important to 586 00:28:13,040 --> 00:28:16,239 Speaker 3: get a plan. So if after hearing all that and 587 00:28:16,280 --> 00:28:19,159 Speaker 3: you're saying to yourself, I can't afford to lose what 588 00:28:19,200 --> 00:28:22,760 Speaker 3: I've built, then you already know how important this is. 589 00:28:23,480 --> 00:28:26,240 Speaker 3: Retirement isn't the time to gamble. It's not the time 590 00:28:26,280 --> 00:28:28,280 Speaker 3: to hope, or it's not even the time to guess. 591 00:28:28,760 --> 00:28:33,200 Speaker 3: It's the time to protect fiercely about what you've protected 592 00:28:33,240 --> 00:28:35,240 Speaker 3: and what you've built. You spend thirty four or even 593 00:28:35,280 --> 00:28:38,120 Speaker 3: fifty years building your savings. Don't let one moment of 594 00:28:38,160 --> 00:28:42,720 Speaker 3: inaction put it at risk. Markets won't slow down, inflation 595 00:28:42,920 --> 00:28:48,160 Speaker 3: won't pause, life won't wait. But you can take control today. 596 00:28:48,600 --> 00:28:50,560 Speaker 3: And that's why we put together the Maggie Plan, because 597 00:28:50,560 --> 00:28:53,120 Speaker 3: it's in complaining. Tax planning, investment planning. Pick up the 598 00:28:53,120 --> 00:28:56,080 Speaker 3: phone and call us today, Maggie Tax and Wealth Advisors, 599 00:28:56,160 --> 00:28:58,760 Speaker 3: right now. Let us share with you exactly how to 600 00:28:58,800 --> 00:29:02,120 Speaker 3: safeguard your retirement, your income, protect your nest egg, and 601 00:29:02,120 --> 00:29:06,240 Speaker 3: secure the retirement. You've worked so hard for those calendars, days, 602 00:29:06,280 --> 00:29:09,560 Speaker 3: the overtime that you worked. This is the most time, 603 00:29:09,680 --> 00:29:13,200 Speaker 3: right now, where everything can change. Don't wait, don't hope, 604 00:29:13,320 --> 00:29:16,120 Speaker 3: don't leave your future unprotected. Call now before the next 605 00:29:16,120 --> 00:29:20,320 Speaker 3: market drop, before the next surprise, even before one more 606 00:29:20,400 --> 00:29:24,320 Speaker 3: day passes without a plan a three to three Maggie tax. 607 00:29:24,360 --> 00:29:26,320 Speaker 3: If you feel your retirement is worth protecting, make the 608 00:29:26,360 --> 00:29:29,440 Speaker 3: call today eight three to three Maggie tax. We've all 609 00:29:29,480 --> 00:29:32,400 Speaker 3: had a docted checkup from time to time, some more 610 00:29:32,440 --> 00:29:34,920 Speaker 3: than others. But when was the last time you had 611 00:29:34,920 --> 00:29:37,360 Speaker 3: a portfolio check up. We'll explain what that means in 612 00:29:37,400 --> 00:29:39,160 Speaker 3: a moment. Eight three to three Maggie Tax. 613 00:29:45,040 --> 00:29:48,600 Speaker 1: Stop funding Uncle Sam's retirement and start planning for your 614 00:29:48,640 --> 00:29:52,120 Speaker 1: own successful retirement. As we return to the Maggie Tax 615 00:29:52,160 --> 00:29:55,560 Speaker 1: Financial Show with your host Robert and Chris Maggie with 616 00:29:55,680 --> 00:29:58,800 Speaker 1: Maggie Tax and Wealth Advisors. For information on how you 617 00:29:58,840 --> 00:30:02,440 Speaker 1: can create a tax for retirement, call eight three three 618 00:30:02,880 --> 00:30:07,160 Speaker 1: Maggie Tax, or visit Maggie Tax dot com. Now your 619 00:30:07,200 --> 00:30:11,040 Speaker 1: host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie. 620 00:30:11,800 --> 00:30:14,280 Speaker 2: Welcome back to the Maggie Tax and Financial Show. I'm 621 00:30:14,360 --> 00:30:16,520 Speaker 2: Robert Maggie. I'm here with my son Chris Maggie, and 622 00:30:16,520 --> 00:30:19,280 Speaker 2: we're talking about an awful lot of topics today that 623 00:30:19,520 --> 00:30:21,320 Speaker 2: you know many of you have asked us about, and 624 00:30:21,360 --> 00:30:23,800 Speaker 2: that we see and see people every day and talk 625 00:30:23,800 --> 00:30:26,200 Speaker 2: about it. So pick up the phone eight three three 626 00:30:26,240 --> 00:30:29,680 Speaker 2: Maggie Tax, visit our website, Maggie Tax dot com and 627 00:30:29,760 --> 00:30:31,320 Speaker 2: if you have an IRA or four O one K, 628 00:30:32,040 --> 00:30:34,720 Speaker 2: click on the retirement calculator and see for yourself what 629 00:30:34,840 --> 00:30:36,920 Speaker 2: Chris and I have been talking about, and see what 630 00:30:36,960 --> 00:30:39,080 Speaker 2: your tax bill is going to be, and let's get together. 631 00:30:39,160 --> 00:30:42,920 Speaker 2: So let me ask you a simple question. When was 632 00:30:42,960 --> 00:30:46,520 Speaker 2: the last time someone actually sat down and examined your 633 00:30:46,560 --> 00:30:49,520 Speaker 2: investments in which we've been talking about, not glandstat it, 634 00:30:49,640 --> 00:30:52,000 Speaker 2: you know, when, let me say, glanced at the bottom line, 635 00:30:52,520 --> 00:30:55,880 Speaker 2: not skim through it, but truly evaluated whether your portfolio 636 00:30:56,560 --> 00:30:59,360 Speaker 2: still matches your goals, your age, your risk tolerance, and 637 00:30:59,400 --> 00:31:02,760 Speaker 2: the world we live in right now. And Chris, I 638 00:31:03,160 --> 00:31:04,960 Speaker 2: can tell you every time we meet with the client 639 00:31:05,080 --> 00:31:08,000 Speaker 2: the answer is no. And to me, you know it's 640 00:31:08,160 --> 00:31:11,960 Speaker 2: it's because here's the truth. What worked five years ago, 641 00:31:12,080 --> 00:31:14,880 Speaker 2: three years ago, and even last year might be completely 642 00:31:14,880 --> 00:31:18,280 Speaker 2: different for you today. Like we say, markets change, interest 643 00:31:18,320 --> 00:31:21,440 Speaker 2: rates shift, tax laws move. We all know that your 644 00:31:21,480 --> 00:31:26,560 Speaker 2: life evolves, but most people let their investments sit untouched, drifting, 645 00:31:27,040 --> 00:31:31,040 Speaker 2: slowly weakening over time. Enter the portfolio checkup zone. 646 00:31:31,120 --> 00:31:32,520 Speaker 3: That's what it is. You know, we all need a 647 00:31:32,560 --> 00:31:34,480 Speaker 3: checkup each and every once in a while, right because 648 00:31:34,600 --> 00:31:38,160 Speaker 3: a portfolio checkup isn't a luxury, it's a necessity. It's 649 00:31:38,200 --> 00:31:42,240 Speaker 3: how you uncover hidden risks, outdated allocations, unnecessary fees. What 650 00:31:42,280 --> 00:31:43,840 Speaker 3: are the fees you are pain in your account? What 651 00:31:43,880 --> 00:31:46,840 Speaker 3: about lost opportunities that could be costing you real money 652 00:31:46,960 --> 00:31:49,360 Speaker 3: each and every year, But what are you doing about it? 653 00:31:49,360 --> 00:31:50,200 Speaker 3: Because you just don't know. 654 00:31:50,400 --> 00:31:50,680 Speaker 2: Right. 655 00:31:50,920 --> 00:31:52,960 Speaker 3: That's why it's so important to get a checkup, because 656 00:31:53,040 --> 00:31:55,920 Speaker 3: let's take a look inside the process of diagnosing your 657 00:31:55,920 --> 00:31:58,760 Speaker 3: portfolio the way a financial surgeon would. Because once you 658 00:31:58,880 --> 00:32:02,000 Speaker 3: see what a true portfolio, a checkup reveals, you'll never 659 00:32:02,120 --> 00:32:05,040 Speaker 3: look at your accounts the same way again. And that 660 00:32:05,080 --> 00:32:06,040 Speaker 3: goes for everything. 661 00:32:06,120 --> 00:32:06,280 Speaker 2: Right. 662 00:32:06,320 --> 00:32:09,600 Speaker 3: Once you koow about something, you know something, you look 663 00:32:09,600 --> 00:32:12,320 Speaker 3: at it a different way. If peace of mind, clarity 664 00:32:12,360 --> 00:32:15,120 Speaker 3: and confidence matter to you. And stay right here because 665 00:32:15,160 --> 00:32:17,920 Speaker 3: that's what we're talking about now when jump onto this segment, 666 00:32:17,920 --> 00:32:21,760 Speaker 3: because it's so important to have the necessary checkup that 667 00:32:21,800 --> 00:32:24,440 Speaker 3: you need and we can help you. It's is you're 668 00:32:24,440 --> 00:32:27,160 Speaker 3: never too old or you can't go back to your 669 00:32:27,200 --> 00:32:29,840 Speaker 3: current advisor. Get a second opinion. Let's get a second opinion. 670 00:32:29,880 --> 00:32:31,680 Speaker 3: Let's look at what you have. Let's look at the 671 00:32:31,720 --> 00:32:33,840 Speaker 3: tax side. If they're not looking at your tax return, 672 00:32:34,360 --> 00:32:36,840 Speaker 3: you might want to think about another advisor. So a 673 00:32:37,000 --> 00:32:39,200 Speaker 3: three to three Maggie tax so let's talk. 674 00:32:39,040 --> 00:32:41,440 Speaker 2: About four powerful bullets. If you have a pan of paper, 675 00:32:41,480 --> 00:32:44,040 Speaker 2: write them down. We just call it a simple portfolio 676 00:32:44,200 --> 00:32:48,520 Speaker 2: checkup because most portfolios are outdated and miss aligned because 677 00:32:48,520 --> 00:32:51,520 Speaker 2: you don't get a review that often. Markets move fast 678 00:32:51,560 --> 00:32:54,880 Speaker 2: and if your strategy hasn't kept up, you're likely taking 679 00:32:54,920 --> 00:32:57,520 Speaker 2: too much risk or earning too little return. And that's 680 00:32:57,560 --> 00:33:00,680 Speaker 2: the comments we get all the time. Account is not performing, 681 00:33:00,720 --> 00:33:03,280 Speaker 2: I'm not making enough interest and blah blah blah goes on. 682 00:33:03,680 --> 00:33:07,360 Speaker 2: What about the fees and insufficiencies silently draining your wealth 683 00:33:07,840 --> 00:33:10,400 Speaker 2: so you could be losing thousands per year without even 684 00:33:10,480 --> 00:33:12,960 Speaker 2: realizing it. And Chris as a check up if you 685 00:33:13,000 --> 00:33:15,280 Speaker 2: don't look even every quarter at least get you know, 686 00:33:15,400 --> 00:33:17,560 Speaker 2: someone to look at your account to make sure because 687 00:33:17,800 --> 00:33:20,520 Speaker 2: you don't know what happens and every day things change, right. 688 00:33:20,480 --> 00:33:22,600 Speaker 3: Well, that's it. I mean you know you are you 689 00:33:22,840 --> 00:33:25,640 Speaker 3: being paying fees on transactions? Are are you paying fees 690 00:33:25,680 --> 00:33:28,880 Speaker 3: on commissions? Are you what do you built? What's your 691 00:33:28,920 --> 00:33:31,560 Speaker 3: portfolio built on? That's what you want to know, and 692 00:33:31,640 --> 00:33:33,160 Speaker 3: when you come to meet with us as a fiduciary, 693 00:33:33,160 --> 00:33:35,719 Speaker 3: we're going to explain that to you. You know, everything 694 00:33:35,760 --> 00:33:37,800 Speaker 3: we do you have to know it first, you have 695 00:33:37,880 --> 00:33:41,200 Speaker 3: to sign off on it first. I mean, that's honesty, right, 696 00:33:41,240 --> 00:33:44,400 Speaker 3: that's just clear communication. You deserve that. I don't care 697 00:33:44,400 --> 00:33:46,880 Speaker 3: if you have ten thousand or ten million, it doesn't matter. 698 00:33:46,920 --> 00:33:49,080 Speaker 3: The fact of the matter is that you need clarity 699 00:33:49,120 --> 00:33:52,600 Speaker 3: and confidence and transparency. So we can show you that. 700 00:33:52,840 --> 00:33:55,960 Speaker 3: What about small changes they create big lift. What do 701 00:33:56,000 --> 00:33:59,320 Speaker 3: I mean by that? Well, a simple reallocation or tax 702 00:33:59,400 --> 00:34:04,840 Speaker 3: smart ajuctions can dramatically improve performance and also reduce the risk. 703 00:34:05,280 --> 00:34:07,680 Speaker 3: You know, many people don't look at their form. One case, 704 00:34:07,760 --> 00:34:09,799 Speaker 3: they about ten years ago when they signed up for 705 00:34:09,840 --> 00:34:12,160 Speaker 3: it and it's still in the same allocation they are today. 706 00:34:12,760 --> 00:34:15,280 Speaker 3: That's not what you need to do, because small changes 707 00:34:15,360 --> 00:34:17,720 Speaker 3: each and every year or quarter can make a big 708 00:34:17,800 --> 00:34:20,440 Speaker 3: lift on those accounts, especially if you're contributing to it. 709 00:34:20,480 --> 00:34:24,799 Speaker 3: You're feeding them, you're doing something about it. So these 710 00:34:24,840 --> 00:34:27,080 Speaker 3: are just three important things that you should do. What 711 00:34:27,080 --> 00:34:27,759 Speaker 3: about the last one? 712 00:34:27,800 --> 00:34:29,920 Speaker 2: Oh, this one to me is most important to a 713 00:34:29,960 --> 00:34:33,480 Speaker 2: lot of people out there. A professional review listen carefully 714 00:34:33,480 --> 00:34:38,000 Speaker 2: exposes what software and statements can't and what you understand 715 00:34:38,160 --> 00:34:40,840 Speaker 2: with AI out there and all these other things. You 716 00:34:40,880 --> 00:34:42,960 Speaker 2: believe me, I've seen it so many times. Chris has 717 00:34:42,960 --> 00:34:45,719 Speaker 2: seen it so many times. You may have problems and 718 00:34:45,760 --> 00:34:48,160 Speaker 2: you don't know about it, but you know, real analysis 719 00:34:48,200 --> 00:34:52,560 Speaker 2: reveals hidden dangers and missed opportunities. Algorithms never catch. And 720 00:34:52,600 --> 00:34:54,560 Speaker 2: this is a big thing, Chris. They think everything's fine, 721 00:34:54,880 --> 00:34:55,719 Speaker 2: and it's not fine. 722 00:34:55,719 --> 00:34:57,520 Speaker 3: Well just give an example. Like some of the data 723 00:34:57,560 --> 00:35:01,000 Speaker 3: and technology these days, I mean, they can analyze the stocks, 724 00:35:01,000 --> 00:35:04,680 Speaker 3: the ETFs, so different funds, all the different investments, very 725 00:35:04,760 --> 00:35:08,000 Speaker 3: very quickly. And that's just just AMMO for you because 726 00:35:08,320 --> 00:35:12,200 Speaker 3: you might it might take days or weeks for some 727 00:35:12,280 --> 00:35:14,839 Speaker 3: advisors that put this together an analysis where it could 728 00:35:14,840 --> 00:35:17,040 Speaker 3: take five to ten minutes. And when you do that, 729 00:35:17,120 --> 00:35:20,280 Speaker 3: you can pinpoint and move in a different direction if needed. 730 00:35:20,680 --> 00:35:23,279 Speaker 3: That's why it's so important that you don't just look 731 00:35:23,280 --> 00:35:25,960 Speaker 3: at statements because sometimes there's so many positions on a 732 00:35:26,000 --> 00:35:28,480 Speaker 3: statement you don't know what that means. You're buying a 733 00:35:28,520 --> 00:35:31,480 Speaker 3: stock here or an ETF there, or what are you 734 00:35:31,560 --> 00:35:33,680 Speaker 3: doing with it? So that's why it's so important to 735 00:35:33,719 --> 00:35:35,920 Speaker 3: meet with us. A three to three Maggie tax is 736 00:35:35,960 --> 00:35:37,839 Speaker 3: if you've been listening to the show and even the 737 00:35:37,840 --> 00:35:40,799 Speaker 3: slightest part of you is wondering is my portfolio really 738 00:35:40,800 --> 00:35:43,080 Speaker 3: set up the way it should be? Then that's the 739 00:35:43,200 --> 00:35:46,799 Speaker 3: question alone is a signal. It's a signal. It's what 740 00:35:46,800 --> 00:35:48,440 Speaker 3: you should do to pick up the phone and schedule 741 00:35:48,520 --> 00:35:50,840 Speaker 3: time to meet with us a three to three MAGI tax. 742 00:35:51,160 --> 00:35:54,960 Speaker 2: Because the people who get ahead financially, they aren't the 743 00:35:55,000 --> 00:35:59,160 Speaker 2: wounds with perfect timing or inside information or a crystal ball. 744 00:35:59,200 --> 00:36:01,839 Speaker 2: You all know that they are the ones who take 745 00:36:01,880 --> 00:36:05,200 Speaker 2: action when they know something needs attention. Why do we 746 00:36:05,239 --> 00:36:07,480 Speaker 2: say that because you should set up a review. You 747 00:36:07,520 --> 00:36:10,080 Speaker 2: have nothing to lose. Okay, set up a review just 748 00:36:10,120 --> 00:36:12,239 Speaker 2: for peace of mind. And maybe there are things that 749 00:36:12,280 --> 00:36:15,120 Speaker 2: we can show you that might help you talk about taxes, 750 00:36:15,239 --> 00:36:19,360 Speaker 2: income planning, investment planning, legacy planning. I can tell you 751 00:36:19,440 --> 00:36:21,400 Speaker 2: right now how many people out there don't have a 752 00:36:21,440 --> 00:36:24,400 Speaker 2: will or a trust package? How important is that for 753 00:36:25,000 --> 00:36:28,040 Speaker 2: your retirement for when something happens to you? And I 754 00:36:28,080 --> 00:36:29,880 Speaker 2: have to tell you you know, we do fourth seminars 755 00:36:29,880 --> 00:36:32,759 Speaker 2: a month at libraries on a state planning. If you 756 00:36:32,840 --> 00:36:35,360 Speaker 2: need to come to them, go to my website Maggie 757 00:36:35,360 --> 00:36:37,040 Speaker 2: tax dot com and you can see where they are 758 00:36:37,120 --> 00:36:39,920 Speaker 2: and register for one call. Now, your future depends on 759 00:36:39,960 --> 00:36:42,279 Speaker 2: the decisions you make today, call a three to three 760 00:36:42,320 --> 00:36:45,080 Speaker 2: Maggie Tax or visit our website, Maggie Tax dot com. 761 00:36:45,239 --> 00:36:48,320 Speaker 2: Just remember the decision is yours. Are you curious or 762 00:36:48,360 --> 00:36:50,920 Speaker 2: are you serious? We covered a lot of information on 763 00:36:50,920 --> 00:36:52,959 Speaker 2: today's show, and if you missed any of it, visit 764 00:36:53,000 --> 00:36:56,000 Speaker 2: our website, Maggie Tax dot com. Click on the media 765 00:36:56,120 --> 00:36:58,560 Speaker 2: tab and listen anytime, or visit us on any of 766 00:36:58,560 --> 00:37:01,200 Speaker 2: the social media platforms that can. And before we go 767 00:37:01,360 --> 00:37:03,920 Speaker 2: next week, we'll be talking about will I outlive my money? 768 00:37:04,160 --> 00:37:05,919 Speaker 2: And you don't want to miss it eight three three 769 00:37:06,120 --> 00:37:06,840 Speaker 2: Maggie Tax. 770 00:37:08,640 --> 00:37:11,439 Speaker 1: Thank you for listening to Maggie Tax and Financial Show 771 00:37:11,480 --> 00:37:15,239 Speaker 1: with Robert and Chris Maggie of Maggie Tax Wealth Advisors. 772 00:37:15,360 --> 00:37:18,640 Speaker 1: Listen here five to six pm every Saturday and from 773 00:37:18,680 --> 00:37:21,840 Speaker 1: eleven am till noon every Sunday, or anytime on the 774 00:37:21,880 --> 00:37:25,400 Speaker 1: free iHeartRadio app. And remember you can pay less tax 775 00:37:25,560 --> 00:37:29,440 Speaker 1: with Maggie Tax Program. Content provided by Maggie Tax Wealth 776 00:37:29,440 --> 00:37:32,840 Speaker 1: and Advisors. Call them at eight three three Maggie Tax 777 00:37:33,000 --> 00:37:37,919 Speaker 1: or visit them online at Maggietax dot com