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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 next 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. My name is Robert Maggie and you're listening

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Speaker 2: to the Maggie Tax and Financial Show. I'm here with

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Speaker 2: my son and co host Chris Maggie. Be sure to

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Speaker 2: visit our website, Maggie Tax dot com and click on

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Speaker 2: the retirement tax bill and you can see in thirty

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Speaker 2: seconds what your tax bill is going to be. So

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Speaker 2: if you have an IRA or a four to one

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Speaker 2: K and now today we're going to be talking about

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Speaker 2: the new tax bill and a lot of people are

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Speaker 2: concerned about what they're going to pay in taxes when

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Speaker 2: they start taking their money out of the IRA, So

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Speaker 2: we're going to talk about that today. But again, go

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Speaker 2: to my website Maggie Tax dot Com, click on the

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Speaker 2: retirement tax Bill on the top right, put your numbers

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Speaker 2: in and in thirty seconds they'll give you a report

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Speaker 2: and that should enlighten you and then make an appointment

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Speaker 2: so Chris and I can talk to you about it.

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Speaker 2: So again, visit Maggie Tax dot Com and every Sunday

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Speaker 2: at ten thirty, don't forget to tune into the Maggie

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Speaker 2: Tax and Financial Show. So, Chris, a lot of things

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Speaker 2: have changed, a lot of things are going to be changing,

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Speaker 2: and I guess the word is a lot of people

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Speaker 2: are still going to be confused.

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Speaker 3: Well, let's just sit and welcome everyone and thank you

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Speaker 3: so much for tuning into our show. And each and

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Speaker 3: every week we talk about tax planning and income planning

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Speaker 3: and investment planning and also estate planning, and that's what

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Speaker 3: we do here at Maggie Tax Advisory and Financial Group.

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Speaker 3: So visit our website at Maggi Tax dot Com. That's

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Speaker 3: m A G G I t a X dot com.

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Speaker 3: But today, yeah, let's dive into the Trump big beautiful

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Speaker 3: bill and how it's impact.

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Speaker 4: A lot of people out there.

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Speaker 2: Oh yeah, and we get a lot of people calling

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Speaker 2: right now. So we're going to discuss what the newly

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Speaker 2: signed federal budget bill may mean for older Americans and

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Speaker 2: many of you listening today. So number one, there was

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Speaker 2: major tax changes. This was a big one. It permanently

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Speaker 2: extends the twenty seventeen tax cuts, no taxes on tips,

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Speaker 2: a boosted child tax credit, and new deductions. And this

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Speaker 2: is really going to surface, Chris, when we do the

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Speaker 2: tax return starting in January for a March and April.

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Speaker 2: All this is going to come to the head. So

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Speaker 2: at Maggie Tax and Financial Services, we can help you

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Speaker 2: navigate what's relevant. You're going to have many questions is

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Speaker 2: it good for me? Is it not? We're going to

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Speaker 2: tell you that going to maximize opportunities and protect against

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Speaker 2: tax surprises, bringing clarity and strategy to a fast changing landscape.

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Speaker 2: And the biggest thing, Chris, we talk about language and

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Speaker 2: understanding the words and how this is going to apply

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Speaker 2: to each and every one. So I know you're going

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Speaker 2: to have questions and we're going to try to answer them.

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Speaker 2: So call eight three to three Maggie Tax right now.

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Speaker 2: I have up rate is standing by, and be sure

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Speaker 2: to visit maggietax dot com and schedule a review appointment today.

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Speaker 2: Folks and Chris, you will agree with this. The only

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Speaker 2: way to understand all of this and get clarity is

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Speaker 2: to make an appointment, sit down, have a review, and

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Speaker 2: answer your questions.

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Speaker 4: And that's just it.

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Speaker 3: Many people out there have taken advantage of that, you know,

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Speaker 3: brought in their tax return, but on their investments. Let's

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Speaker 3: look and see how everything's going to impact one another.

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Speaker 3: And not only do we do tax preparation, we do

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Speaker 3: tax planning, but also investment planning and income planning and

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Speaker 3: estate planning. And that's why we do complete planning. So

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Speaker 3: if you're looking for an advisor out there who can

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Speaker 3: take care of everything, that's what we do. You know,

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Speaker 3: many people think, well, I just got to go to

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Speaker 3: my tax person and I got to go to my

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Speaker 3: investment person. They're not talking, they're not on the same

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Speaker 3: page what we are. So this tax bill is going

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Speaker 3: to impact a lot of people. So when you come

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Speaker 3: in to meet with us. As my dad's mentioning, we

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Speaker 3: need to look at your plan and what your tax

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Speaker 3: return is going to look like. So these are things

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Speaker 3: that are happening. So pick up the phone, schedule time

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Speaker 3: to meet with us. Eight three three, Maggie tax.

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Speaker 2: We'll stay with what you just said, your plan. The

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Speaker 2: question is what is your plan? Is it a tax plan?

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Speaker 2: Is it an income plan? Is it an investment plan?

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Speaker 2: Is it social security plan? Is it a state plan?

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Speaker 2: We do seminars every month on a state and taxes,

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Speaker 2: and you'd be surprised how many people come to our

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Speaker 2: seminars and they do not have a plan, Chris. And

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Speaker 2: it's disappointing because they're adults. Okay, they know this, and

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Speaker 2: yet they do nothing about it until it hits the fan,

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Speaker 2: and that's too late. So even now with this new bill,

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Speaker 2: a lot of things are going to change, so it's

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Speaker 2: really important to understand it. And a couple things that

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Speaker 2: they went over was the bill includes cuts to Medicaid, Medicare,

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Speaker 2: and the Affordable Care Act. I'm not going to go

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Speaker 2: into that right now, but there are answers that we

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Speaker 2: can give you. There's new Medicaid work requirements and stricter

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Speaker 2: eligibility checks. Again, it might apply to some of you,

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Speaker 2: but we'll go over that as well. There's clean energy

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Speaker 2: tax credits. They're being eliminated. Listen to this, despite campaign promises.

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Speaker 2: There's no repeal of Social Security taxes. Up to eighty

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Speaker 2: five percent of benefits may still be taxed for higher earners.

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Speaker 2: And thresholds haven't been adjusted since the nineteen eighties. And

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Speaker 2: this is the thing you and I see all the time.

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Speaker 2: The thresholds are the same, they've never changed. So now

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Speaker 2: what has to happen is people think, because of what

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Speaker 2: they were saying, no tax on Social Security, it only

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Speaker 2: goes a certain extent. And let me give you an example.

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Speaker 2: Social Security tax repeal. They're blocked by rules. And this

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Speaker 2: is important for you to understand. It's called the Bird rule.

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Speaker 2: The Bird rule prevents major changes to social security through reconciliation,

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Speaker 2: making a full repeal of Social Security taxes procedurally off

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Speaker 2: limits in this bill. Okay, but what they did give

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Speaker 2: you is a bonus deduction instead of repeal. So this

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Speaker 2: bill offers a six thousand dollars bonus standard deduction for

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Speaker 2: adults sixty five plus. Okay, phased out above seventy five

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Speaker 2: thousand for individuals and one hundred and fifty thousand for couples,

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Speaker 2: and it stacks on top of the regular senior deduction.

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Speaker 2: And Chris, the reason why that's important is because the

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Speaker 2: standard deduction now for seniors for single and couples has changed,

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Speaker 2: and now if they qualify for this to get another

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Speaker 2: six thousand, that basically helps them take more money out

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Speaker 2: of a retirement account, right and pay no tax and

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Speaker 2: do a conversion.

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Speaker 4: Well that's just it.

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Speaker 3: You sit a lot there, So let's kind of digress

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Speaker 3: here a little bit. A lot of people talked about

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Speaker 3: how there's going to be no tax on Social Security.

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Speaker 3: Well that's not going to happen. It's still going to

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Speaker 3: get taxed if you're over the limits. And that's why

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Speaker 3: it's so important to do tax planning, especially with your investments,

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Speaker 3: because if you're pulling money from your investments the wrong way,

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Speaker 3: then guess what your Social Security could be taxed up

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Speaker 3: to eighty five percent. So with this bill, there's still

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Speaker 3: going to be taxed on Social Security, but they're giving

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Speaker 3: that bonus deduction for you six thousand dollars if you qualify,

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Speaker 3: So it looks at your other income too, and if

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Speaker 3: you make over sev seventy five thousand dollars for individuals,

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Speaker 3: and if your married file and jointly, it's one hundred

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Speaker 3: and fifty thousand. So you have to make sure that

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Speaker 3: you're under these numbers. And that's why planning and tax

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Speaker 3: plan and investment planning is so important, and that's why

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Speaker 3: we can show you how to maneuver through these things.

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Speaker 3: But there's still going to be a deduction for you

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Speaker 3: on SOLI security and if you're married, then you get

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Speaker 3: the twelve thousand dollars, but if you're individual at six thousand,

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Speaker 3: you got to make sure that you're looking at those limits.

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Speaker 3: So what we're saying here is that planning is so crucial.

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Speaker 3: You know, my dad's been talking about the specifics of it,

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Speaker 3: but you need to understand that we can make this

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Speaker 3: simple for you. At Maggi Tax Advisor and Financial Group,

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Speaker 3: we put together complete plans and complanning, tax planning, investment planning.

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Speaker 3: But we do make things simple and easy for you

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Speaker 3: to understand. That's our model and when we go through this,

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Speaker 3: we're going to help you and strategically think about ways

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Speaker 3: to reduce your taxes and also look at your investments

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Speaker 3: and see how they're working together. So pick up the phone,

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Speaker 3: schedule time to meet with us. Eight three to three

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Speaker 3: magi tax. You know, we come on in, let's have

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Speaker 3: a conversation. We have offices three across Tampa Bay area

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Speaker 3: to help you. So whatever's convenient, let's get together. Eight

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Speaker 3: three three magi tax.

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Speaker 2: You know, it's not just about when people come in,

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Speaker 2: we always ask them how can we help you? A

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Speaker 2: lot of you hear our show and watch our TV show,

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Speaker 2: and there are a lot of strategies and concepts that

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Speaker 2: we can apply. But you have to sit down and

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Speaker 2: here's the word I'm going to use, get serious. If

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Speaker 2: you're serious, that's fine. But if you're just curious and

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Speaker 2: you're just looking, that's not a problem either, because you

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Speaker 2: have to be curious about what's going on, like we're

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Speaker 2: talking about today and throughout the show to understand how

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Speaker 2: serious you need to take this, because if you don't

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Speaker 2: take it serious, your tax situation is going to change.

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Speaker 2: Your income situation is going to change, your investment situation

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Speaker 2: is going to change, your estate planning is going to change.

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Speaker 2: And Chris, this is what people I don't know if

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Speaker 2: the word is panic, they come in and not only

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Speaker 2: with us, but any advisor. They're just so concerned about

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Speaker 2: being sold something but not really overlooking this whole plan

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Speaker 2: of what everything here. From a holistic approach applies.

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Speaker 3: That's exactly right, and many people just don't know what

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Speaker 3: they don't know. And you know, they get their taxes

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Speaker 3: done and they have a tax liability and they have

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Speaker 3: no idea, and then they're all upset because they don't

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Speaker 3: want to pay taxes. But in theory they could have

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Speaker 3: really just they're in a low tax bracket, but they

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Speaker 3: just didn't withhold enough. So there's a lot of things

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Speaker 3: that people just don't understand where we're getting to. And

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Speaker 3: we talk about distributions. That's why the investment side is

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Speaker 3: so important. People have investments that I'll call qualified accounts

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Speaker 3: like iras and formal case, then they have non qualified

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Speaker 3: accounts that in your checking account or your savings account,

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Speaker 3: or your non qualified brokerage account. So when we look

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Speaker 3: at where to take money from, we see this time

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Speaker 3: in and time out again all the time that people

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Speaker 3: take a distribution. You know, I need thirty thousand dollars,

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Speaker 3: and some people go to their IRA and then take it. Well,

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Speaker 3: they got to pay tax on it, so instead of

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Speaker 3: getting thirty thousand dollars, they have to gross that up

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Speaker 3: by maybe twenty percent, so that causes a taxable event,

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Speaker 3: whereas they can just take a certain amount from their

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Speaker 3: non qualified account or from their roth IRA and pay

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Speaker 3: no tax. So that's why it's so important to meet

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Speaker 3: with us because when we do investment planning, we can

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Speaker 3: put together an investment plan for you as a fiduciary.

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Speaker 3: What we talk about is doing the right thing for

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Speaker 3: you and also bucket planning. You know, there's ways to

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Speaker 3: have safe investments. There's also ways to have money invested

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Speaker 3: time to meet with us eight three three Maggie Tax

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Speaker 3: and be sure to visit our website at Maggie tax

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Speaker 3: dot com and sit an appoyment today. You know, you

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Speaker 3: need the information that we're talking about here. There's so

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Speaker 3: much going on. People are confused. People need to know

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Speaker 3: what they can do with their accounts and their plan,

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Speaker 3: and that's why we call it your plan. It's the

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Speaker 3: Maggi Tax Plan to help you with income planning, tax planning,

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Speaker 3: investment planning, and estate planning. So pick up the phone,

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Speaker 3: schedule time to meet with us. Eight three three Maggie Tax,

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Speaker 3: and don't forget every Sunday on ABC TV at ten

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Speaker 3: thirty for the Magi Tax and Financial Show eight three

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Speaker 3: to three Magi Tax.

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Speaker 4: That's eight three to three Magi 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 your

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

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Speaker 3: Welcome back to The Maggie Tax and Financial Show, the

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Speaker 3: show where strategy meets clarity and your financial future gets

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Speaker 3: the attention it deserves. Whether you're building wealth, shielding assets

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Speaker 3: or just trying to decide in decode what the tax

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Speaker 3: code really means for you. We got you covered, so

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Speaker 3: welcome back to the show. I'm Chris Maggan. I'm here

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Speaker 3: with my dad and coast of the show, Robert Maggie,

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Speaker 3: and we're talking about the Trump Big Bill and how

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Speaker 3: it's impacting you. And what we do here is a

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Speaker 3: tax planning, investment planning, insurance planning, at state planning, so

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Speaker 3: we do everything.

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Speaker 4: It's called complete planning.

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Speaker 3: And if your advisor is not talking about how it's

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Speaker 3: going to affect you, then guess what you need to

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Speaker 3: start thinking about what to do because your investments impact

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Speaker 3: your taxes. And if they're not talking about that, your advisor,

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Speaker 3: your tax planner, or your current investment advisor, then you

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Speaker 3: know what you deserve to get the planning you need

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Speaker 3: to make sure that you're not impacted on a negative way.

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Speaker 3: So pick up the phone, schedule time to meet with us.

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Speaker 3: Eight three to three Maggie tax. We have obviously on

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Speaker 3: both sides of the bay. That's eight three to three

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Speaker 3: Maggie tax.

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Speaker 2: And the question that you should be asking yourself is

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Speaker 2: what keeps you up at night? What's your biggest fear,

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Speaker 2: what's your concern? And this is the question that you

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Speaker 2: should be asking your advisor or your CPA. You're a

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Speaker 2: tax person and we get these questions every single day

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Speaker 2: from a lot of clients. So there's nothing wrong with

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Speaker 2: asking the questions, and that's what you have to do

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Speaker 2: as an individual or a family. Ask questions that concern

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Speaker 2: you and have them answer it for you, because if

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Speaker 2: you don't ask the question, you're never going to find

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Speaker 2: out the answer. It's that simple. Call eight three to

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Speaker 2: three Maggie Tax Today. I've operated standing by right now.

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Speaker 2: Be sure to visit Maggie Tax dot com. There's a

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Speaker 2: lot of information that will help you understand what we

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Speaker 2: do and set an appointment today. It's up to you.

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Speaker 2: Eight three to three Maggie Tax. If you'd like more

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Speaker 2: information about what you hear during the show today, give

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Speaker 2: us a call eight three to three Maggie Tax, or

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Speaker 2: visit us online at Maggie Tax dot com. And by

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Speaker 2: the way, when you're at our website, click on the

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Speaker 2: retirement tax bill. Check out what your retirement tax bill

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Speaker 2: will look like, and in thirty seconds you're going to

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Speaker 2: see what your retirement tax bill will look like. That's

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Speaker 2: what I'm talking about. It's about education, it's about having

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Speaker 2: you understand the language. So if you have an IRA

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Speaker 2: or four oh one K, click on the retirement calculator

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Speaker 2: and in thirty seconds it will show you your what

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Speaker 2: your retirement bill is going to be look like. But

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Speaker 2: remember each situation is different. So eight three to three

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Speaker 2: Magie tax call. Right now, we have operated standing by.

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Speaker 2: You have to do something. You have to design a plan,

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Speaker 2: you have to get answers to your questions. And that's

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Speaker 2: the way to do it. And buried in the hundreds

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Speaker 2: of budget line items that are real changes that may

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Speaker 2: hit your wallet, your taxes, and your future plans. They're

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Speaker 2: going to change. So sit down and get serious. If

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Speaker 2: you want to be curious, that's fine. I have no

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Speaker 2: problem with that, but you're going to have to get

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Speaker 2: serious at one point. And Chris, I think that's the

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Speaker 2: problem that a lot of people have because of the elections,

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Speaker 2: because of the waiting for the tax bill, waiting, waiting, waiting, waiting,

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Speaker 2: and you can't wait any longer. So you've got to

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Speaker 2: get serious about this and you have to do something

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Speaker 2: about it.

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Speaker 3: Exactly so withgards to taxes, one of the biggest ticket

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Speaker 3: items in this new budget is the permanent extension of

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Speaker 3: the twenty seventeen tax cuts. Those cuts were set to expire,

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Speaker 3: but now they're here to stay. So in total, there

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Speaker 3: are nearly seventy tax related changes backed into this budget,

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Speaker 3: and for US, some of the most attention grabbing items

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Speaker 3: include a bump in the standard deduction, so there's seven

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Speaker 3: hundred and fifty dollars more for individuals now at fifteen thousand,

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Speaker 3: and fifteen hundred dollars for more couples now at thirty thousand.

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Speaker 3: There's also a bonus deduction for seniors of up to

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Speaker 3: six thousand dollars for tax years twenty twenty five to

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Speaker 3: twenty twenty eight. For the Social Security there's also an

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Speaker 3: increase in the child tax credit to twenty two hundred

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Speaker 3: dollars in twenty twenty six. There's also bigger a state

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Speaker 3: and gift tax exemptions, and some also other headlines generators

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Speaker 3: like no taxes on tips or overtime pay from years

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Speaker 3: twenty twenty five through twenty twenty eight, so even interest

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Speaker 3: on their new auto loans up to ten thousand dollars

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Speaker 3: is excluded during that period, although it's limited to vehicles

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Speaker 3: assembled in the United States. So where we're going with this,

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Speaker 3: there's a lot of new items here and how is

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Speaker 3: it going to impact you and your financial situation? So

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Speaker 3: we urge you to pick up the phone schedule time

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Speaker 3: to meet with us. Let's send an appointment. Let's get together,

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Speaker 3: Let's have a conversation. Let's talk about your taxes and

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Speaker 3: how this is going to relate to your social security,

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Speaker 3: to your future retirement. What about your investments? Many people

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Speaker 3: out there have no idea where to invest their money

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Speaker 3: or what to do with their old form one k's

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Speaker 3: where we can help. We can put this together. What

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Speaker 3: about distribution planning? Where do you take your money? Do

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Speaker 3: you take your money from a qualified account or a

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Speaker 3: non qualified account or a roth ira to limit the

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Speaker 3: most tax exposure? How do you go about doing this?

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Speaker 3: Where we can help. And then when you put together

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Speaker 3: in a state plan, this is your money, so you

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Speaker 3: want to make sure that you keep it all intact

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Speaker 3: in your family. So we can help put together the

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Speaker 3: estate planning items such as a will or a trust

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Speaker 3: or a power of attorney. So these things that our

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Speaker 3: firm can do to help you. So pick up the phone,

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Speaker 3: schedule time to meet with us. Eight three to three,

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Speaker 3: Maggie Tax.

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Speaker 2: So the big question that we get every day is

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Speaker 2: how can Maggie Tax help someone make sense of this

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Speaker 2: new budget bill. There's so many pieces to it. Some apply,

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Speaker 2: some don't. So set an appointment and let's explain the

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Speaker 2: new language and help you understand. The newly passed federal

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Speaker 2: budget is packed with tax changes, spending shifts, and policy

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Speaker 2: updates that could impact your wallet for years. Remember something.

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Speaker 2: It's over eight hundred pages this new bill. You're not

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Speaker 2: expected to learn them all, but we want to get

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Speaker 2: the pieces for you so that it applies to you.

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Speaker 2: And unless you're a broker or advisor understands the new

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Speaker 2: tax changes, they will not take the time to discuss

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Speaker 2: all of this with you. That's what we do at

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Speaker 2: Maggie Tax, line by line. We want to make sure

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Speaker 2: from your tax return how it applies to you. Some

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Speaker 2: of this doesn't but many of it does, and you'd

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Speaker 2: like to know. We're going to tell you about that.

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Speaker 2: So that's what we do. Simple and easy to understand.

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Speaker 2: One of the things that we talk about the Maggie Plan.

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Speaker 2: People say, what's your process? What do you do? Well?

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Speaker 2: The Maggie Plan is simple. It's simple and easy to understand.

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Speaker 2: It's a tax plan and what we're talking about here

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Speaker 2: how these tax changes are going to affect you. It's

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Speaker 2: an income plan. How much income do you need and

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Speaker 2: where you're going to get it from. Like Chris mentioned before,

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Speaker 2: is it going to come from a qualified account or

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Speaker 2: a non qualified account? Is it taxable or non taxable?

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Speaker 2: Are you going to pay the right amount of taxes

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Speaker 2: or are you going to owe taxes? These are questions

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Speaker 2: that we address with every single client. So set an appointment.

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Speaker 2: Eight three to three Maggie Tax. We have offices in Loots,

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Speaker 2: we have an office in Palm Harbor. We have an

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Speaker 2: office in Saint Pete. Pick up the phone and let's

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Speaker 2: have a conversation. Let's do a simple review and answer

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Speaker 2: the question that we asked before. What keeps you up

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Speaker 2: at night? And many people were up at night because

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Speaker 2: of this new tax change, So you know, don't be

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Speaker 2: afraid to write the questions down. Ask the question, Let's

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Speaker 2: give you the answer and make it simple for you.

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Speaker 2: Eight three to three Maggie Tax.

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Speaker 3: We laid the groundwork, but now it's time to connect

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Speaker 3: the dots. Coming up next, we'll dive into investment planning

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Speaker 3: and how the new tax bill isn't just changing tax deductions,

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Speaker 3: it's reshaping strategy from capital gains to roth conversions. The

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Speaker 3: rules are shifting and smart investors are already adjusting. If

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Speaker 3: your portfolio isn't aligned with the new tax landscape, you

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Speaker 3: could be leaving serious money on the table. So stick around.

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Speaker 3: We'll be breaking it all down. Eight three to three

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Speaker 3: Maggie Tax. That's a three to three Maggie tax. And

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Speaker 3: don't forget Tune in every Sunday on ABCTV to the

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Speaker 3: Maggie Tax and Financial Show. It's a thirty minute show.

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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: 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 3: Welcome back to the Maggie Tax and Financial Show. And

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Speaker 3: I'm here with my dad and coast of the show,

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Speaker 3: Robert Maggie. So we're talking about a lot of different

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Speaker 3: things today, but taxes just changed again. And if you

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Speaker 3: think it's just about brackets and deductions, well to start

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Speaker 3: thinking bigger. The new tax bill is rewriting the rules,

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Speaker 3: and your investment strategy needs to keep up. Whether you're

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Speaker 3: managing a portfolio, building retirement income. We're just trying to

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Speaker 3: stay ahead. This isn't the time to guest. And today

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Speaker 3: we're breaking down how smart investment planning intersects with the

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Speaker 3: latest tax changes and what you can do right now

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Speaker 3: to protect gains, minimize exposure, and stay strategic.

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Speaker 4: That's what we do. And so Dad, let's talk about here.

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Speaker 3: One of the things that we talk about is investment

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Speaker 3: planning and how it correlates to taxes.

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Speaker 2: So what do you want to add, Well, let's talk

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Speaker 2: about one of the biggest thing. People ask about capital

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Speaker 2: gains and timing strategies. How does that apply? And we

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Speaker 2: get these questions all the time. What do we normally

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Speaker 2: explain to our clients, what strategies, what you know, concepts

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Speaker 2: we could use.

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Speaker 3: Well, we want to explore how changes the capital gains,

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Speaker 3: tax rates, or the threashows affect when and how investors

434
00:20:14,880 --> 00:20:18,040
Speaker 3: should realize these gains. Let's talk about what realizing gains means.

435
00:20:18,080 --> 00:20:21,439
Speaker 3: Because there's unrealized there's realize gains. Many people have no

436
00:20:21,480 --> 00:20:23,680
Speaker 3: idea what that means. But let's use this example. Say

437
00:20:23,680 --> 00:20:26,240
Speaker 3: you put one hundred thousand dollars in an investment and

438
00:20:26,560 --> 00:20:28,520
Speaker 3: maybe six months from now it's worth one hundred and

439
00:20:28,600 --> 00:20:31,760
Speaker 3: twenty thousand. Well, that one hundred thousand went up to

440
00:20:31,920 --> 00:20:34,359
Speaker 3: one hundred and twenty that's a twenty thousand dollars what

441
00:20:34,400 --> 00:20:38,800
Speaker 3: we call unrealized meaning it hasn't been sold, so it's

442
00:20:38,880 --> 00:20:41,760
Speaker 3: unrealized gain. So if you sell it, then you got

443
00:20:41,760 --> 00:20:44,359
Speaker 3: to pay tax on the twenty thousand dollars gain. Once

444
00:20:44,400 --> 00:20:47,239
Speaker 3: you realize the gain is when you actually sold it,

445
00:20:47,280 --> 00:20:49,159
Speaker 3: so then you got to pay tax on that twenty thousand.

446
00:20:49,200 --> 00:20:53,679
Speaker 3: So the tax brackets changed. Sometimes it's zero percent tax

447
00:20:53,760 --> 00:20:57,280
Speaker 3: on these gains. Sometimes it's fifteen percent, sometimes it's ten percent,

448
00:20:57,359 --> 00:21:00,520
Speaker 3: sometimes as much as twenty percent on capital gains, depending

449
00:21:00,600 --> 00:21:04,920
Speaker 3: on your income. So why is tax planning and investment

450
00:21:04,920 --> 00:21:08,680
Speaker 3: planning so important to work together and have the right advisor.

451
00:21:09,040 --> 00:21:11,399
Speaker 2: Well, because when you get your taxes done and you

452
00:21:11,440 --> 00:21:13,159
Speaker 2: start to see what the bottom line is and you

453
00:21:13,200 --> 00:21:15,040
Speaker 2: pay a lot of tax, and the question we get,

454
00:21:15,280 --> 00:21:17,040
Speaker 2: I think I'm paying too much in taxes, and the

455
00:21:17,080 --> 00:21:19,399
Speaker 2: answer is no, you're not. You're not paying enough. And

456
00:21:19,440 --> 00:21:21,919
Speaker 2: there's a perfect example what you're talking about. If they

457
00:21:21,960 --> 00:21:24,040
Speaker 2: sold a stock or they had a large capital gain,

458
00:21:24,400 --> 00:21:27,199
Speaker 2: that applies, and it applies in income that they have

459
00:21:27,400 --> 00:21:30,200
Speaker 2: on their tax return, and it's either going to raise

460
00:21:30,240 --> 00:21:33,160
Speaker 2: their taxes, which I would bet ninety percent of people

461
00:21:33,160 --> 00:21:36,320
Speaker 2: and you and I know this, don't withhold enough taxes

462
00:21:36,359 --> 00:21:38,439
Speaker 2: when they do something like this, when they sell a

463
00:21:38,480 --> 00:21:40,960
Speaker 2: stock or a piece of property, they just get the

464
00:21:41,040 --> 00:21:42,439
Speaker 2: money and they don't do nothing with it.

465
00:21:42,520 --> 00:21:43,239
Speaker 4: That's exactly right.

466
00:21:43,280 --> 00:21:46,439
Speaker 3: So tax planning throughout the year, whether it's January, February,

467
00:21:46,480 --> 00:21:49,520
Speaker 3: March able, June, whatever, August, September, it doesn't matter. We're

468
00:21:49,560 --> 00:21:52,439
Speaker 3: always talking about tax planning as well as how it

469
00:21:52,440 --> 00:21:54,520
Speaker 3: it relates to your investment. So we can sit down

470
00:21:54,560 --> 00:21:57,040
Speaker 3: with you and show you that if you sold that

471
00:21:57,119 --> 00:21:59,800
Speaker 3: investment and you had a twenty thousand dollars gain, maybe

472
00:21:59,800 --> 00:22:01,879
Speaker 3: this you know tax to pay, Maybe you will be

473
00:22:02,040 --> 00:22:03,680
Speaker 3: encouraged to pay the fifteen percent tax.

474
00:22:03,760 --> 00:22:04,199
Speaker 4: I don't know.

475
00:22:04,520 --> 00:22:07,600
Speaker 3: That's why everything that we look at is your complete plan.

476
00:22:07,680 --> 00:22:10,480
Speaker 3: We'll look at your taxes, your investments, your income. We'll

477
00:22:10,480 --> 00:22:12,359
Speaker 3: talk about all these different things and then give you the

478
00:22:12,400 --> 00:22:14,639
Speaker 3: advice so you can pull a trigger on what to

479
00:22:14,720 --> 00:22:16,280
Speaker 3: do is best for you, So pick up the phone,

480
00:22:16,320 --> 00:22:18,480
Speaker 3: schedule time to meet with us. We have office on

481
00:22:18,520 --> 00:22:21,120
Speaker 3: both sides of the bay to help you. Eight three

482
00:22:21,160 --> 00:22:23,439
Speaker 3: to three Maggie Tax. What other stuff that we can

483
00:22:23,440 --> 00:22:23,879
Speaker 3: talk about.

484
00:22:23,920 --> 00:22:25,840
Speaker 2: Well, in addition to that, they are always to offset

485
00:22:25,920 --> 00:22:28,359
Speaker 2: the capital gains tax, which we can show you, but

486
00:22:28,440 --> 00:22:30,399
Speaker 2: we can't do this on the radio. So if you

487
00:22:30,440 --> 00:22:33,480
Speaker 2: have a highly appreciated stock or property, you need to

488
00:22:33,480 --> 00:22:36,200
Speaker 2: call us. Eight three to three Maggie Tax. Let's sit down,

489
00:22:36,280 --> 00:22:38,680
Speaker 2: show you that strategy and you will be shocked that

490
00:22:38,760 --> 00:22:40,840
Speaker 2: you didn't know this, but you can do it and

491
00:22:40,880 --> 00:22:42,280
Speaker 2: it's all right by the book.

492
00:22:42,400 --> 00:22:44,080
Speaker 4: Well that's just thing. I mean, you mentioned a great point,

493
00:22:44,119 --> 00:22:44,600
Speaker 4: and you're right.

494
00:22:44,640 --> 00:22:46,400
Speaker 3: We can't talk about it today because it's on there's

495
00:22:46,440 --> 00:22:48,560
Speaker 3: too much to talk about on the show. But what

496
00:22:48,560 --> 00:22:50,680
Speaker 3: we're mentioning is we're more than happy to talk about

497
00:22:50,760 --> 00:22:53,160
Speaker 3: how it's going to affect you. Let's just use an example.

498
00:22:53,200 --> 00:22:55,080
Speaker 3: Say you have one hundred thousand dollars property. Now it

499
00:22:55,080 --> 00:22:58,280
Speaker 3: grows to a million, there's a nine hundred thousand dollars

500
00:22:58,280 --> 00:23:01,560
Speaker 3: capital gain tax. Well that's gonna pay a hot in

501
00:23:01,640 --> 00:23:04,800
Speaker 3: tax right there. But how can you bypass the capital

502
00:23:04,800 --> 00:23:05,359
Speaker 3: gains tax.

503
00:23:05,440 --> 00:23:08,040
Speaker 2: Well, the strategy we use, we'd use different types of trusts,

504
00:23:08,800 --> 00:23:10,639
Speaker 2: use a crut or a crat that a lot of people,

505
00:23:10,960 --> 00:23:12,760
Speaker 2: you know, are surprised and don't know about, but you

506
00:23:12,800 --> 00:23:15,199
Speaker 2: can look it up. It's real and it's legal and

507
00:23:15,240 --> 00:23:17,160
Speaker 2: a lot of people take advantage of this to avoid

508
00:23:17,160 --> 00:23:18,400
Speaker 2: the capital gains exactly.

509
00:23:18,440 --> 00:23:19,879
Speaker 3: So that's why it's so important to meet with us.

510
00:23:19,920 --> 00:23:22,720
Speaker 3: So pick up the phone, schedule time aid three three Maggie.

511
00:23:22,800 --> 00:23:24,480
Speaker 3: Tax will be more than happy to go over this

512
00:23:24,600 --> 00:23:27,159
Speaker 3: with you if you have highly appreciated gains.

513
00:23:27,280 --> 00:23:29,199
Speaker 2: And there's another reason why we encourage you to give

514
00:23:29,280 --> 00:23:31,960
Speaker 2: us a call, sit down and talk to us about this. See,

515
00:23:32,000 --> 00:23:35,200
Speaker 2: everybody out there has a different situation. Some have capital gains,

516
00:23:35,200 --> 00:23:37,600
Speaker 2: some have losses, et cetera. You know they talk about

517
00:23:37,600 --> 00:23:42,280
Speaker 2: discussed tax loss harvesting opportunities and the importance of holding periods.

518
00:23:42,320 --> 00:23:44,600
Speaker 2: We can go into that. But those are things Chris,

519
00:23:44,640 --> 00:23:47,840
Speaker 2: that some people know about some people don't. But if

520
00:23:47,880 --> 00:23:49,960
Speaker 2: we get the right person and we explain it and

521
00:23:49,960 --> 00:23:52,040
Speaker 2: it benefits them, do you think they'd want to know?

522
00:23:52,119 --> 00:23:52,560
Speaker 4: Absolutely.

523
00:23:52,600 --> 00:23:56,440
Speaker 3: That's called tax planning correlating to your investment. So work

524
00:23:56,440 --> 00:24:00,000
Speaker 3: with an advisor who does both. You're leaving a lie

525
00:24:00,040 --> 00:24:02,560
Speaker 3: out on the table if you have an advisor that's

526
00:24:02,600 --> 00:24:05,680
Speaker 3: dealing in your investments that has no idea what taxes

527
00:24:05,720 --> 00:24:07,159
Speaker 3: and how they're going to affect you. So pick of

528
00:24:07,200 --> 00:24:09,080
Speaker 3: the phone. We can do it for you. Eight three

529
00:24:09,040 --> 00:24:11,560
Speaker 3: to three magi a tax. We can do both investment

530
00:24:11,560 --> 00:24:13,439
Speaker 3: planning as well as a tax planning eight three to

531
00:24:13,440 --> 00:24:14,240
Speaker 3: three magi tax.

532
00:24:14,280 --> 00:24:16,119
Speaker 2: So let's kind of skip gears here and talk about

533
00:24:16,320 --> 00:24:19,360
Speaker 2: a lot of questions. We get roth conversions and retirement accounts.

534
00:24:19,680 --> 00:24:23,320
Speaker 2: This is important now in talking today about the deductions,

535
00:24:23,359 --> 00:24:26,240
Speaker 2: your standard deduction and now the extra six thousand that

536
00:24:26,280 --> 00:24:29,480
Speaker 2: you can put. There's ways that you can reduce the

537
00:24:29,560 --> 00:24:32,960
Speaker 2: tax on your IRA in four oh one k. Again, Chris,

538
00:24:33,000 --> 00:24:34,639
Speaker 2: if they just use the strategy that we're.

539
00:24:34,520 --> 00:24:36,120
Speaker 4: Talking about, that's exactly right.

540
00:24:36,200 --> 00:24:39,439
Speaker 3: So you know, the new bill impacts wroth conversion, timing,

541
00:24:39,560 --> 00:24:43,600
Speaker 3: contribution limits, and also requirement and distributions. You know what

542
00:24:43,720 --> 00:24:46,000
Speaker 3: our requirement in distributions. While we're on the topic, Dad,

543
00:24:46,040 --> 00:24:46,840
Speaker 3: let's talk about that.

544
00:24:46,960 --> 00:24:49,000
Speaker 2: Oh man, let me give you an example right now.

545
00:24:49,040 --> 00:24:50,679
Speaker 2: I had a gentleman call me the other day. He

546
00:24:50,720 --> 00:24:53,840
Speaker 2: had a million dollar IRA and he said, Bobby, you know,

547
00:24:53,840 --> 00:24:56,399
Speaker 2: I'm sixty five years old. When do I take this

548
00:24:56,440 --> 00:24:58,960
Speaker 2: thing called the R and D it's required minimum distribution.

549
00:24:59,600 --> 00:25:02,000
Speaker 2: The that he had and he didn't understand, is that

550
00:25:02,040 --> 00:25:04,960
Speaker 2: at seventy three, because of the new rules, he has

551
00:25:05,040 --> 00:25:07,879
Speaker 2: to take out the required amount based on a certain percentage.

552
00:25:08,240 --> 00:25:10,480
Speaker 2: When we ran the illustration that I'm encouraging all of

553
00:25:10,480 --> 00:25:13,800
Speaker 2: you to go to on our tax on our Maggie

554
00:25:13,800 --> 00:25:16,520
Speaker 2: Tax website, he was shocked that he had to take

555
00:25:16,520 --> 00:25:19,359
Speaker 2: out almost forty thousand out of one account and forty

556
00:25:19,400 --> 00:25:22,359
Speaker 2: thousand out of another. But the shocking part Chris was

557
00:25:22,359 --> 00:25:24,760
Speaker 2: that it went on his tax return, brought him to

558
00:25:24,800 --> 00:25:28,080
Speaker 2: a higher tax bracket and caused him a big tax,

559
00:25:28,600 --> 00:25:30,720
Speaker 2: and he didn't want to do it. So one of

560
00:25:30,720 --> 00:25:33,560
Speaker 2: the strategies we use a strategic rollouts where we had

561
00:25:33,760 --> 00:25:36,840
Speaker 2: seven years from sixty five to seventy three to roll

562
00:25:36,880 --> 00:25:40,439
Speaker 2: his money out based on his tax situation and his

563
00:25:40,600 --> 00:25:43,439
Speaker 2: tax bracket, to pay the least amount of tax and

564
00:25:43,520 --> 00:25:45,359
Speaker 2: have more tax free money. How good is that?

565
00:25:45,480 --> 00:25:48,520
Speaker 3: My gosh, that's called tax efficient planning with your investments,

566
00:25:48,560 --> 00:25:51,199
Speaker 3: and that's what we do. So, you know, instead of

567
00:25:51,200 --> 00:25:53,520
Speaker 3: having a forty thousand dollars distribution that he didn't need

568
00:25:53,760 --> 00:25:57,000
Speaker 3: or want. It just raised his income. He didn't want

569
00:25:57,040 --> 00:25:58,600
Speaker 3: to pay the tax on it because now he's in

570
00:25:58,600 --> 00:26:00,800
Speaker 3: a higher tax bracket. It's still security getting tax eighty

571
00:26:00,840 --> 00:26:03,080
Speaker 3: five percent. And guess what he's saying, this is not

572
00:26:03,119 --> 00:26:04,680
Speaker 3: what I want to do. I wish I had the planning.

573
00:26:05,080 --> 00:26:07,240
Speaker 3: So that sixty five year old who was in a

574
00:26:07,320 --> 00:26:10,959
Speaker 3: similar situation, we did some strategic planning. So now when

575
00:26:11,000 --> 00:26:12,840
Speaker 3: he got to seventy three, because that's the age that

576
00:26:12,840 --> 00:26:15,240
Speaker 3: you have to start taking what they call the requirement

577
00:26:15,280 --> 00:26:17,760
Speaker 3: in distribution, he didn't have to take out forty thousand.

578
00:26:18,080 --> 00:26:20,520
Speaker 3: Now we just create a tax free bucket for himself.

579
00:26:20,960 --> 00:26:24,000
Speaker 3: Now the RMD requirement in distribution was a lot less

580
00:26:24,359 --> 00:26:26,480
Speaker 3: and guess what Now his tax on Social Security was

581
00:26:26,560 --> 00:26:28,879
Speaker 3: zero and he had the income that he wanted in

582
00:26:28,920 --> 00:26:31,199
Speaker 3: the most tax deficient way. So where we're going with

583
00:26:31,240 --> 00:26:33,560
Speaker 3: this is pretty simple. I know a lot we're talking about,

584
00:26:33,560 --> 00:26:36,760
Speaker 3: but complete planning. Make this simple for you. Create the

585
00:26:36,800 --> 00:26:39,200
Speaker 3: Maggie plan. The Maggie Plan is simple. It's a plan

586
00:26:39,320 --> 00:26:41,959
Speaker 3: for you. It's your plan, it's your money. It consists

587
00:26:42,000 --> 00:26:45,320
Speaker 3: of tax planning, income planning. Where's the best spots to

588
00:26:45,359 --> 00:26:48,240
Speaker 3: take your money in the most tax efficient way. Investment planning.

589
00:26:48,240 --> 00:26:49,560
Speaker 3: We'll get into that in a little bit. But how

590
00:26:49,560 --> 00:26:51,800
Speaker 3: can you invest your money in the right portfolios for

591
00:26:51,920 --> 00:26:54,480
Speaker 3: growth and for security and preservation of your money? What

592
00:26:54,560 --> 00:26:56,800
Speaker 3: about state planning? We do all these things to help

593
00:26:56,840 --> 00:26:58,280
Speaker 3: you eight three three Maggi.

594
00:26:58,359 --> 00:26:58,679
Speaker 4: Tax.

595
00:26:58,880 --> 00:27:01,600
Speaker 2: The biggest question that we ask all of you is

596
00:27:01,640 --> 00:27:04,639
Speaker 2: do you have a plan? What we're talking about taxes,

597
00:27:05,040 --> 00:27:08,160
Speaker 2: We're talking about investments here. So let's go to another topic.

598
00:27:08,320 --> 00:27:11,119
Speaker 2: What about tax efficient investment vehicles? We get this all

599
00:27:11,160 --> 00:27:13,240
Speaker 2: the time, you know, we look at their portfolio that

600
00:27:13,400 --> 00:27:16,359
Speaker 2: got all these portfolios in there, different accounts, and they go,

601
00:27:16,480 --> 00:27:19,840
Speaker 2: where's the tax efficient investment vehicles? Where are they? Why

602
00:27:19,880 --> 00:27:22,120
Speaker 2: is it my advisor telling me so, Chris, Why don't

603
00:27:22,160 --> 00:27:23,400
Speaker 2: we just dive into that a little bit?

604
00:27:23,440 --> 00:27:26,440
Speaker 3: Absolutely Well, we can compare the tax treatment of ETFs

605
00:27:26,560 --> 00:27:30,760
Speaker 3: called exchange trade of funds, municipal bonds, reats, real estate

606
00:27:30,760 --> 00:27:33,480
Speaker 3: investment trust See a lot of people use mutual funds.

607
00:27:34,000 --> 00:27:37,320
Speaker 3: There's diffiden pain stocks onder the new rules. These are

608
00:27:37,320 --> 00:27:40,639
Speaker 3: the things that we're talking about. Asset allocation, what's taxable,

609
00:27:41,040 --> 00:27:42,399
Speaker 3: what's tax advantage?

610
00:27:42,440 --> 00:27:42,840
Speaker 2: Growth?

611
00:27:43,119 --> 00:27:44,680
Speaker 3: These are the things I mean a lot of people

612
00:27:44,640 --> 00:27:47,000
Speaker 3: are talking about exchange trade of funds and how they're

613
00:27:47,040 --> 00:27:50,080
Speaker 3: cost efficient, and how do they put together in your

614
00:27:50,119 --> 00:27:54,400
Speaker 3: investment plan to generate tax efficiency and also lower costs.

615
00:27:54,920 --> 00:27:57,240
Speaker 3: These are the investment side that when you come to

616
00:27:57,280 --> 00:27:59,479
Speaker 3: meet with us, we're going to analyze all these different

617
00:27:59,600 --> 00:28:01,840
Speaker 3: vehicles for you. We see a lot of people come

618
00:28:01,840 --> 00:28:03,200
Speaker 3: on in and they have no idea what type of

619
00:28:03,280 --> 00:28:05,280
Speaker 3: risk they're taking with their money. They're taking a lot

620
00:28:05,280 --> 00:28:07,600
Speaker 3: of risk, but they want preservation of their money. Some

621
00:28:07,640 --> 00:28:10,800
Speaker 3: people want more growth, but guess what, they're too conservative

622
00:28:10,800 --> 00:28:13,880
Speaker 3: in their investments. So how do you allocate this well,

623
00:28:13,960 --> 00:28:17,679
Speaker 3: text diversification and investment allocation. These are things that we

624
00:28:17,760 --> 00:28:20,119
Speaker 3: can do on the investment side to help you. So

625
00:28:20,200 --> 00:28:22,000
Speaker 3: pick up the phone, schedule time to meet with us.

626
00:28:22,000 --> 00:28:24,320
Speaker 3: If you have accounts that are all over the place

627
00:28:24,440 --> 00:28:26,920
Speaker 3: and just have piles of money, then now is the

628
00:28:27,000 --> 00:28:30,080
Speaker 3: time that put those piles into buckets where we strategically

629
00:28:30,160 --> 00:28:32,399
Speaker 3: have a purpose with them. And that's what we can

630
00:28:32,440 --> 00:28:34,920
Speaker 3: do on the investment side. You know, whether it's for growth,

631
00:28:34,920 --> 00:28:37,280
Speaker 3: whether it's for safety, whether it's for inflation protection. We

632
00:28:37,280 --> 00:28:40,520
Speaker 3: can always sprinkle an inflation protection bucket on there to

633
00:28:40,920 --> 00:28:45,200
Speaker 3: with maybe gold or precious metals or something that's actively managed. Right,

634
00:28:45,280 --> 00:28:47,320
Speaker 3: these are the things that we can do. So there's

635
00:28:47,360 --> 00:28:50,080
Speaker 3: a lot here to help you. Eight three three magi tax.

636
00:28:50,120 --> 00:28:51,600
Speaker 3: That's eight three three magi tacks.

637
00:28:51,720 --> 00:28:53,400
Speaker 2: One of the biggest things that we talk about is

638
00:28:53,440 --> 00:28:56,600
Speaker 2: asset allocation, and most people that we talked to don't

639
00:28:56,680 --> 00:29:00,800
Speaker 2: understand asset allocation, especially when we talk about like red money,

640
00:29:00,800 --> 00:29:03,040
Speaker 2: green money, and how to protect it because what we

641
00:29:03,080 --> 00:29:05,000
Speaker 2: see most of the time is that people have their

642
00:29:05,040 --> 00:29:08,080
Speaker 2: money in risk, not in non risk. And when we

643
00:29:08,320 --> 00:29:10,160
Speaker 2: sit down and do this asset map that we talk

644
00:29:10,200 --> 00:29:13,640
Speaker 2: about here, it's going to help them understand absolutely.

645
00:29:13,640 --> 00:29:15,840
Speaker 3: So that's why it's so important to pick up the phone,

646
00:29:16,080 --> 00:29:19,320
Speaker 3: schedule a time to meet with us. A three three

647
00:29:19,320 --> 00:29:21,200
Speaker 3: magi atax. We have obvious on both sides of the

648
00:29:21,200 --> 00:29:24,360
Speaker 3: Bay three office in the Tampa Bay area. Visit our

649
00:29:24,400 --> 00:29:28,360
Speaker 3: website Maggie tax dot com. That's m Aggi tax tax

650
00:29:28,560 --> 00:29:29,200
Speaker 3: dot com.

651
00:29:29,240 --> 00:29:31,400
Speaker 2: So what we've done today is we've unpacked how the

652
00:29:31,440 --> 00:29:35,520
Speaker 2: new tax bill reshapes investment planning from capital gains, which

653
00:29:35,560 --> 00:29:38,840
Speaker 2: is a big question to roth conversions. But strategy alone

654
00:29:38,960 --> 00:29:42,200
Speaker 2: isn't enough to truly protect and grow your wealth. Every

655
00:29:42,240 --> 00:29:47,040
Speaker 2: piece needs to work together. Taxes, investments, insurance, state planning,

656
00:29:47,320 --> 00:29:50,000
Speaker 2: cash flows. Is your plan set up that way? And

657
00:29:50,080 --> 00:29:51,560
Speaker 2: you know this is what we try to do with

658
00:29:51,600 --> 00:29:54,000
Speaker 2: every client coming in because you have to see how

659
00:29:54,000 --> 00:29:55,920
Speaker 2: do you get the first base to second base to

660
00:29:56,000 --> 00:29:58,760
Speaker 2: third how do you score that run? And scoring that

661
00:29:58,840 --> 00:30:03,000
Speaker 2: run means tax save, investment planning, income planning. This all

662
00:30:03,040 --> 00:30:05,640
Speaker 2: ties together. I know it's simple that I'm saying that,

663
00:30:06,000 --> 00:30:07,760
Speaker 2: but this is exactly how you have to look at

664
00:30:07,760 --> 00:30:10,080
Speaker 2: your investments. Give us a call eight three to three,

665
00:30:10,240 --> 00:30:13,000
Speaker 2: Maggie Tax. We have offices on both sides of the bay,

666
00:30:13,240 --> 00:30:15,400
Speaker 2: and you know the thing is right now that people

667
00:30:15,480 --> 00:30:18,440
Speaker 2: are confused and isolated. So next up we're putting it

668
00:30:18,480 --> 00:30:22,160
Speaker 2: all together. What does a complete financial plan actually look like?

669
00:30:22,520 --> 00:30:25,840
Speaker 2: And how do you build one that adapts, protects and

670
00:30:25,920 --> 00:30:29,680
Speaker 2: performs for you? And that's the way it's going to be.

671
00:30:29,760 --> 00:30:34,320
Speaker 2: So stick around because clarity isn't just comforting, it's powerful.

672
00:30:34,440 --> 00:30:36,000
Speaker 2: Eight three to three Magie Tax.

673
00:30:38,400 --> 00:30:41,959
Speaker 1: Stop funding Uncle Sam's retirement and start planning for your

674
00:30:42,000 --> 00:30:45,480
Speaker 1: own successful retirement. As we return to the Maggie Tax

675
00:30:45,520 --> 00:30:48,920
Speaker 1: Financial Show with your host Robert and Chris Maggie with

676
00:30:49,040 --> 00:30:52,160
Speaker 1: Maggie Tax and Wealth Advisors. For information on how you

677
00:30:52,200 --> 00:30:55,800
Speaker 1: can create a tax free retirement, call eight three three

678
00:30:56,240 --> 00:31:00,560
Speaker 1: Magie Tax or visit Maggie Tax dot com. Now your

679
00:31:00,560 --> 00:31:04,400
Speaker 1: host with Maggie Tax and Wealth Advisors, Robert and Chris Maggie.

680
00:31:05,120 --> 00:31:07,479
Speaker 2: Welcome back to the Maggie Tax and Financial Show, and

681
00:31:07,600 --> 00:31:09,960
Speaker 2: you can go to our website Maggie Tax dot com.

682
00:31:10,160 --> 00:31:11,600
Speaker 2: Be sure to give us a call eight three to

683
00:31:11,680 --> 00:31:14,120
Speaker 2: three Magi Tax. We talked about an awful lot today,

684
00:31:14,160 --> 00:31:17,120
Speaker 2: so make an appointment. Let's answer your questions. And you've

685
00:31:17,120 --> 00:31:20,240
Speaker 2: heard the process. So you've heard the pieces, tax strategy,

686
00:31:20,280 --> 00:31:23,600
Speaker 2: investment planning, retirement moves. But now it's time to bring

687
00:31:23,640 --> 00:31:26,200
Speaker 2: it all together. What are you doing about it? What

688
00:31:26,320 --> 00:31:28,440
Speaker 2: is your biggest question and what would you like to

689
00:31:28,480 --> 00:31:31,959
Speaker 2: be answered? A complete financial plan isn't just a stack

690
00:31:31,960 --> 00:31:34,880
Speaker 2: of statements or a few guesses that's not going to work.

691
00:31:35,200 --> 00:31:39,280
Speaker 2: It's living a blueprint, your blueprint built to adapt, protect

692
00:31:39,360 --> 00:31:42,480
Speaker 2: and perform through every season of life. We call it

693
00:31:42,520 --> 00:31:45,240
Speaker 2: the Maggie Plan. It's really simple and easy to understand.

694
00:31:45,520 --> 00:31:47,760
Speaker 2: It's a tax plan, it's an income plan, it's an

695
00:31:47,760 --> 00:31:51,080
Speaker 2: investment plan. It's an estate plan. It's a legacy plan.

696
00:31:51,560 --> 00:31:53,120
Speaker 2: So do you have that? And if you don't, give

697
00:31:53,200 --> 00:31:55,280
Speaker 2: us a call. That's what we're talking about today eight

698
00:31:55,280 --> 00:31:56,720
Speaker 2: three to three, Maggie Tax.

699
00:31:56,800 --> 00:31:59,920
Speaker 3: And today we're walking through what truly integrated plan looks like,

700
00:32:00,400 --> 00:32:03,480
Speaker 3: the core components, the common gaps, and how to make

701
00:32:03,520 --> 00:32:06,400
Speaker 3: sure your money is working as hard as you are.

702
00:32:06,760 --> 00:32:09,080
Speaker 3: So pick up the phone eight three three, Maggie Tax.

703
00:32:09,160 --> 00:32:11,160
Speaker 3: Let's put together a plan for you. We have always

704
00:32:11,240 --> 00:32:13,480
Speaker 3: on both sides of the bay to help you. So

705
00:32:13,520 --> 00:32:16,360
Speaker 3: the first part of this whole thing is integration is

706
00:32:16,440 --> 00:32:20,120
Speaker 3: everything you know. A strong financial plan aligns with tax strategies,

707
00:32:20,560 --> 00:32:26,480
Speaker 3: investment opportunities, insurance, and estate planning into one cohesive system,

708
00:32:26,960 --> 00:32:30,560
Speaker 3: not silated decisions. And when we do this, we see

709
00:32:30,680 --> 00:32:32,440
Speaker 3: because we've been in the business, we've been in this

710
00:32:32,480 --> 00:32:34,920
Speaker 3: business so long that we see that many people come

711
00:32:34,920 --> 00:32:37,960
Speaker 3: in and they have a retail advisor. What's a retail advisor?

712
00:32:38,000 --> 00:32:40,440
Speaker 3: Retail advisor someone who just sells a product. Maybe they

713
00:32:40,480 --> 00:32:43,680
Speaker 3: sell them an investment. Maybe they just do the tax preparation.

714
00:32:43,960 --> 00:32:46,600
Speaker 3: They don't do any planning, they don't do any tax

715
00:32:46,640 --> 00:32:49,720
Speaker 3: strategies to harvest, they don't do any estate planning. So

716
00:32:50,000 --> 00:32:52,720
Speaker 3: what we're talking about here is when you work with

717
00:32:52,760 --> 00:32:55,360
Speaker 3: an advisor and you deserve this. That's where the big

718
00:32:55,400 --> 00:32:59,200
Speaker 3: boys are. They have complete planning. When you think about athletes,

719
00:32:59,400 --> 00:33:02,320
Speaker 3: they have many people working for them, they just don't

720
00:33:02,360 --> 00:33:05,920
Speaker 3: have They don't sign these deals, these record breaking contracts

721
00:33:05,920 --> 00:33:08,440
Speaker 3: and have one advisor just selling them a product. They

722
00:33:08,480 --> 00:33:11,240
Speaker 3: have a team, and that's where we are at Maggi

723
00:33:11,320 --> 00:33:14,120
Speaker 3: Tax Advisor and Financial Group. We have the components to

724
00:33:14,160 --> 00:33:16,880
Speaker 3: help you put together your plan, a three to three

725
00:33:16,920 --> 00:33:17,479
Speaker 3: mag atax.

726
00:33:17,640 --> 00:33:19,680
Speaker 2: And one of the things that's important is most plans

727
00:33:19,680 --> 00:33:23,120
Speaker 2: that we see miss the mark because it's not prepared correctly.

728
00:33:23,640 --> 00:33:27,120
Speaker 2: Common gaps include outdated assumptions they were maybe a year ago,

729
00:33:27,280 --> 00:33:31,400
Speaker 2: two year ago, not like today. Lack of coordination between advisors.

730
00:33:31,720 --> 00:33:34,000
Speaker 2: Does your advisor talk to your tax person? Does your

731
00:33:34,000 --> 00:33:37,240
Speaker 2: tax person talk to your advisor? Not really? And failure

732
00:33:37,320 --> 00:33:40,960
Speaker 2: to stress test for real life scenarios. What's the situation

733
00:33:41,120 --> 00:33:43,720
Speaker 2: today as opposed when you did that a year ago.

734
00:33:44,080 --> 00:33:47,240
Speaker 2: So your plan should be proactive, not reactive, and the

735
00:33:47,280 --> 00:33:50,680
Speaker 2: best plans anticipate change because that's what it is. Change

736
00:33:50,760 --> 00:33:54,479
Speaker 2: is happening everywhere every day on everything from market shifts

737
00:33:54,480 --> 00:33:58,400
Speaker 2: to life transitions and adjust with precision, not panic. And Chris,

738
00:33:58,400 --> 00:34:00,680
Speaker 2: I think what happens is a lot of people they panic,

739
00:34:00,720 --> 00:34:03,000
Speaker 2: they don't know, and they do until they come in.

740
00:34:03,000 --> 00:34:05,520
Speaker 2: And we've seen it many times. The person the couple

741
00:34:05,560 --> 00:34:08,000
Speaker 2: will sit here and go like, wow, my guide does

742
00:34:08,000 --> 00:34:09,840
Speaker 2: and tell me about that, and you know what the

743
00:34:09,920 --> 00:34:13,000
Speaker 2: problem is you as well, you should be asking, don't

744
00:34:13,000 --> 00:34:14,560
Speaker 2: be afraid, And that's the way it works.

745
00:34:14,640 --> 00:34:15,200
Speaker 4: Well, that's the thing.

746
00:34:15,200 --> 00:34:18,320
Speaker 3: I mean, many people they seek help, right, they're looking

747
00:34:18,360 --> 00:34:21,680
Speaker 3: for the right advisors. You're listening to today's show. You're thinking, well,

748
00:34:21,719 --> 00:34:23,640
Speaker 3: should I go see them or should I just stay

749
00:34:23,680 --> 00:34:26,359
Speaker 3: with my advisor? Well, think about it. If you're looking

750
00:34:26,360 --> 00:34:29,520
Speaker 3: for a complete plan, then come see us. Let's have

751
00:34:29,560 --> 00:34:32,839
Speaker 3: a conversation. We're adults, right, I mean, if things are

752
00:34:32,880 --> 00:34:35,080
Speaker 3: in line and you like the processes that we have

753
00:34:35,200 --> 00:34:37,520
Speaker 3: to help you, then we can implement the plan. You know,

754
00:34:37,520 --> 00:34:39,239
Speaker 3: if you meet with us and you don't like what

755
00:34:39,280 --> 00:34:41,920
Speaker 3: we do, or you like what your advisor does, then

756
00:34:42,320 --> 00:34:44,719
Speaker 3: you can stay with them. But you owe it to

757
00:34:44,800 --> 00:34:48,400
Speaker 3: yourself to do the right thing for yourself and your family.

758
00:34:48,440 --> 00:34:50,759
Speaker 3: Because we talk about we talk about the changes and

759
00:34:50,880 --> 00:34:53,280
Speaker 3: tax laws that and the bills and the things are changing.

760
00:34:53,640 --> 00:34:55,480
Speaker 3: We just heard that throughout today's show. And if you're

761
00:34:55,480 --> 00:34:58,840
Speaker 3: not doing anything about it, you're missing the opportunity for

762
00:34:58,880 --> 00:34:59,840
Speaker 3: yourself and your family.

763
00:35:00,040 --> 00:35:01,640
Speaker 2: And one thing I'll say, and I said it before,

764
00:35:01,719 --> 00:35:04,080
Speaker 2: if you're curious, then you should be. This is what

765
00:35:04,160 --> 00:35:06,400
Speaker 2: this show is supposed to do. Make you curious about it,

766
00:35:06,600 --> 00:35:10,000
Speaker 2: and then let's get serious because that's the blueprint, not

767
00:35:10,120 --> 00:35:12,800
Speaker 2: just theory, but a framework you can act on because

768
00:35:12,800 --> 00:35:15,359
Speaker 2: a complete financial plan isn't built in a day. And

769
00:35:15,600 --> 00:35:17,960
Speaker 2: let me give you an example. If someone and you

770
00:35:18,000 --> 00:35:19,920
Speaker 2: meet with an advisor and they want to move everything

771
00:35:19,920 --> 00:35:22,759
Speaker 2: that you have, whoa slow it down, do a little

772
00:35:22,760 --> 00:35:24,360
Speaker 2: piece of a time and build it the way you

773
00:35:24,400 --> 00:35:26,359
Speaker 2: want it. Not just jump in and see how deep

774
00:35:26,440 --> 00:35:28,920
Speaker 2: it is. Let's see how this thing progresses. But it

775
00:35:29,040 --> 00:35:32,439
Speaker 2: starts with one decision, Chris. One decision to see where

776
00:35:32,440 --> 00:35:34,640
Speaker 2: the groundwork starts and then build it from there.

777
00:35:34,680 --> 00:35:36,719
Speaker 3: And that decision is very very simple. I mean, if

778
00:35:36,719 --> 00:35:38,719
Speaker 3: you listen today's show, pick up the phone, schedule a

779
00:35:38,719 --> 00:35:41,840
Speaker 3: time to meet with this. You know, we're a family business.

780
00:35:41,920 --> 00:35:44,040
Speaker 3: We've helped a lot of people, but we make things

781
00:35:44,080 --> 00:35:46,719
Speaker 3: simple for you to understand and decision that you need

782
00:35:46,760 --> 00:35:48,200
Speaker 3: to make is if I want to come in and

783
00:35:48,280 --> 00:35:50,560
Speaker 3: meet with you and let's do it. You know, again,

784
00:35:50,640 --> 00:35:53,200
Speaker 3: we're adults. Let's have a conversation and we're not going

785
00:35:53,280 --> 00:35:55,440
Speaker 3: to sell you anything. That's what we're looking for. We're

786
00:35:55,440 --> 00:35:57,239
Speaker 3: looking to help you. We're looking to put together a

787
00:35:57,239 --> 00:36:00,680
Speaker 3: pleatropilian because you deserve it. Eight three three baggie tax.

788
00:36:00,719 --> 00:36:02,399
Speaker 3: That's eight three three magitax.

789
00:36:02,640 --> 00:36:05,760
Speaker 2: And think about it this way, whether you're refining your strategy,

790
00:36:05,760 --> 00:36:09,280
Speaker 2: you're building from scratch, the goal is the same clarity,

791
00:36:09,360 --> 00:36:13,080
Speaker 2: control and confidence in every dollar that you earn, every

792
00:36:13,120 --> 00:36:15,640
Speaker 2: dollar you invest and protect. And that's where I think

793
00:36:15,680 --> 00:36:18,000
Speaker 2: a lot of people don't see that because they look

794
00:36:18,040 --> 00:36:21,200
Speaker 2: at the whole pile. We talk about piles of money,

795
00:36:21,400 --> 00:36:23,400
Speaker 2: but you should be looking at piece of it a

796
00:36:23,400 --> 00:36:25,000
Speaker 2: little bit out of time. And that's what we do

797
00:36:25,040 --> 00:36:28,200
Speaker 2: because I think the intimidating fact that Chris mentioned it before.

798
00:36:28,480 --> 00:36:30,319
Speaker 2: A retail advisor is going to sell you the whole

799
00:36:30,320 --> 00:36:33,439
Speaker 2: ball of wax. Okay, a complete advisor is not going

800
00:36:33,480 --> 00:36:36,560
Speaker 2: to do that. That's what we're talking about today, income planning,

801
00:36:36,640 --> 00:36:40,000
Speaker 2: tax planning, okay, state planning, and this is what you

802
00:36:40,080 --> 00:36:42,399
Speaker 2: have to think about because things have changing, and now

803
00:36:42,440 --> 00:36:44,560
Speaker 2: that you know about the new tax bill and how

804
00:36:44,560 --> 00:36:47,040
Speaker 2: it's going to affect you, sit down and let's do it.

805
00:36:47,120 --> 00:36:49,920
Speaker 2: Let's do it. Let's do a review. You have nothing

806
00:36:49,960 --> 00:36:53,160
Speaker 2: to lose, Okay, nothing to lose, but knowledge and understanding

807
00:36:53,160 --> 00:36:56,440
Speaker 2: what the language is in your plan, not the language

808
00:36:56,480 --> 00:36:59,600
Speaker 2: in someone else's planning. Chris, I think that's basically where

809
00:36:59,600 --> 00:37:02,040
Speaker 2: I see and you see it the same thing. Every day.

810
00:37:02,320 --> 00:37:04,960
Speaker 2: We get calls every day, what about this? What about that?

811
00:37:04,960 --> 00:37:07,879
Speaker 2: That means you curious? Okay, if you're curious, there's nothing

812
00:37:07,920 --> 00:37:09,920
Speaker 2: wrong with that, and I hope the show makes all

813
00:37:09,920 --> 00:37:12,400
Speaker 2: of you curious, but seriously, get serious.

814
00:37:12,480 --> 00:37:14,760
Speaker 3: Absolutely so, we thank you so much for joining us today.

815
00:37:15,200 --> 00:37:18,440
Speaker 3: If this spark questions or ideas, don't let them sit idle,

816
00:37:18,560 --> 00:37:21,799
Speaker 3: reach out, dig deeper and take the next step. Your

817
00:37:21,800 --> 00:37:25,200
Speaker 3: future deserves more than just guestwork. So if you want

818
00:37:25,239 --> 00:37:27,640
Speaker 3: an income plan, we can help. If you want an

819
00:37:27,680 --> 00:37:30,719
Speaker 3: investment plan, we can help. If you want tax strategies

820
00:37:30,760 --> 00:37:33,120
Speaker 3: to help you reduce your taxes, we can help. If

821
00:37:33,120 --> 00:37:35,919
Speaker 3: you want a state plan, we can help. And that's

822
00:37:35,920 --> 00:37:38,080
Speaker 3: what we do here. So at Maggie Tax Advisory and

823
00:37:38,160 --> 00:37:42,360
Speaker 3: Financial Group. We put together all those pieces to generate

824
00:37:42,440 --> 00:37:45,520
Speaker 3: a complete plan for you. And as I mentioned before,

825
00:37:45,600 --> 00:37:47,399
Speaker 3: and I'll say it again, this is so important. Your

826
00:37:47,440 --> 00:37:51,240
Speaker 3: future deserves more than just guestwork. Visit our website Maggie

827
00:37:51,239 --> 00:37:52,960
Speaker 3: Tax dot com. That's m A G G I t

828
00:37:53,200 --> 00:37:56,000
Speaker 3: X dot com. And don't forget every suthing on ABC TV,

829
00:37:56,120 --> 00:37:58,640
Speaker 3: tune into the Maggie Tax and Financial Show eight three

830
00:37:58,600 --> 00:37:59,880
Speaker 3: to three Maggie Tax.

831
00:38:01,960 --> 00:38:04,759
Speaker 1: Thank you for listening to Maggie Tax and Financial Show

832
00:38:04,840 --> 00:38:08,600
Speaker 1: with Robert and Chris Maggie of Maggie Tax Wealth Advisors.

833
00:38:08,680 --> 00:38:12,000
Speaker 1: Listen here five to six pm every Saturday and from

834
00:38:12,000 --> 00:38:15,200
Speaker 1: eleven am till noon every Sunday, or anytime on the

835
00:38:15,239 --> 00:38:18,760
Speaker 1: free iHeartRadio app. And remember you can pay less tax

836
00:38:18,920 --> 00:38:22,759
Speaker 1: with Maggie Tax Program. Content provided by Maggie Tax Wealth

837
00:38:22,800 --> 00:38:26,160
Speaker 1: and Advisors. Call them at eight three three Maggie Tax

838
00:38:26,360 --> 00:38:31,480
Speaker 1: or visit them online at Maggietax dot com