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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: Hello everyone, and thanks for joining us today. My name

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Speaker 2: is Robert Maggie. I'm here with my son Chris Maggie,

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Speaker 2: and you are listening to the Maggie Tax and Financial

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Speaker 2: Show today. We're going to cover a lot of topics

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Speaker 2: that a lot of people ask us, but be sure

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Speaker 2: to visit our website, Maggie Tax dot com. We have

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Speaker 2: seminars listed right there for all of you so you

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Speaker 2: can look at the dates and pick one.

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Speaker 3: We do two a month and.

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Speaker 2: Sign up for one of the seminars on wills and

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Speaker 2: trust and tax planning. Also, we have a Facebook page,

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Speaker 2: so check that out because we have a lot of

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Speaker 2: information on that and a YouTube channel, So if you

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Speaker 2: can't hear this whole show and you want to hear more,

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Speaker 2: just tune into that. Like I said, be sure to

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Speaker 2: visit our website, Maggie Tax dot com and every Sunday

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Speaker 2: at ten thirty, tune into the Maggie Tax and Financial Show.

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Speaker 2: And Chris, I'm interested today because we have a lot

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Speaker 2: going on. Things never change in this business, and it

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Speaker 2: seems like people are more confused than ever. But now

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Speaker 2: that things are behind us and now we could start

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Speaker 2: educating people like we do, I think it's going to

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Speaker 2: be a lot easier.

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Speaker 4: Absolutely, and you know, welcome to the show. I'm Chris

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Speaker 4: Maggie and thank you so much for tuning in. And

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Speaker 4: there's so much that we do, from investments to tax planning,

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Speaker 4: to insurance planning, to income planning to social security maximization planning.

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Speaker 4: And one of the things we want to talk about

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Speaker 4: today is converting your IRA or even your four one

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Speaker 4: K to a tax free account. And one of the

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Speaker 4: biggest peeves of ours is that when people tell us

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Speaker 4: that they're not going to convert their eyes to roths

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Speaker 4: because they want to more avoid moving into a higher

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Speaker 4: Medicare income threshold or a higher tax bracket. Those are

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Speaker 4: things that we hear consistently. And one of the things

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Speaker 4: you have to start thinking about as you get older

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Speaker 4: and you move into retirement is taxes. And taxes are

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Speaker 4: our biggest expense. And many advisors out there don't talk

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Speaker 4: about taxes, and we do because tax planning is important

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Speaker 4: as well as income planning. So visit our website throughout

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Speaker 4: today's show. It's Maggie Tax dot Com. As my dad

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Speaker 4: mentioned before, every Sunday on ABCTV at ten thirty am

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Speaker 4: is the Maggi Tax and Financial Show right there. It's

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Speaker 4: a half an hour's show, but we educate you on

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Speaker 4: a lot of different things. So pick up the phone

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Speaker 4: schedule time to meet with us. We have office on

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Speaker 4: both sides of the bay, so pick up the phone,

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

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Speaker 2: And in addition to what Chris mentioned before about moving

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Speaker 2: into a higher Medicare income threshold, a lot of people

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Speaker 2: don't realize that the medicare Part B and the medicare

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Speaker 2: Part D their income based premiums. And when a person

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Speaker 2: gets a letter and they're telling them that's going to

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Speaker 2: go up, they're shocked. But the more income you have

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Speaker 2: on your tax return to hire your premiums. So it's

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Speaker 2: a good time to get a tax review. So when

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Speaker 2: I hear this excuse, I just want to pull my

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Speaker 2: hair out because it's about education and this is things

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Speaker 2: that are changing right now. It happens every year, so

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Speaker 2: they just don't get it.

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Speaker 3: You know.

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Speaker 2: Let's talk about one of our clients who wanted to

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Speaker 2: discuss a Wroth conversion. And many times people come in

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Speaker 2: and they speak to Chris and I and they say, look, guys,

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Speaker 2: should we do a Wroth conversion? And the answer I

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Speaker 2: gave and so does Chris, is let's take a look

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Speaker 2: at it from the top down and a tax review,

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Speaker 2: because maybe you can do a portion and do it

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Speaker 2: gradually and not get a big tax hit, or do

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Speaker 2: it all at once, and that depends on you. So

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Speaker 2: Jill and Tony they did get it. And Jill and

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Speaker 2: Tony they're both in our clients. They're in their late sixties.

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Speaker 2: They came to US with about two point six million

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Speaker 2: in their combined IRA balances, and they were aware that

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Speaker 2: they were going to get slammed with taxes in their

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Speaker 2: seventies and beyond if they didn't do something active. They

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Speaker 2: keep hearing from their friends, you know, should we do this,

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Speaker 2: should we do to do that? And one thing, Chris,

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Speaker 2: I want to mention a lot of CPAs don't talk

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Speaker 2: about roth conversions. And I think that's a mistake because

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Speaker 2: you should present it to someone and let them make

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Speaker 2: a decision. And they are the typical IRA millionaire and

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Speaker 2: they work long and hard, they saved well, they invested okay,

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Speaker 2: and now have a couple of million in their iras.

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Speaker 2: And the question, Chris, is it all theirs now?

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Speaker 4: And that's the thing. It's all taxable. And many people

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Speaker 4: don't realize and understand that if you have an IRA

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Speaker 4: or Form one K or a set IRA, even if

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Speaker 4: you're a federal employee, have a TSP, it's all taxable.

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Speaker 4: It's infected with taxes and regardless of the amount, guess what,

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Speaker 4: you're right, all of that is not theirs. Uncle Sam

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Speaker 4: has a very large chunk of that money that's going

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Speaker 4: to go to tax at some point. So continue the

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Speaker 4: story here, because you're right, it's not all theirs. So

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Speaker 4: what do they do.

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Speaker 2: Well, they continue to live conservatively because they have the

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Speaker 2: money to pay their bills and just watch their iras

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Speaker 2: continue to grow over time. That's okay, because that's what

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Speaker 2: you wanted to do. But based on the principles we

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Speaker 2: explain to every client, we put together a multi year

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Speaker 2: strategy for them to convert one hundred percent of the

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Speaker 2: IRA is to roths, but to convert it over time.

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Speaker 3: You can do a.

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Speaker 2: Conversion over five years, seven years and reduce the tax

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Speaker 2: on your IRA and have all tax free money.

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Speaker 3: Chris.

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Speaker 2: And every time we show this to a client, the

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Speaker 2: question is what in my person show me?

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Speaker 4: Well, that's just said. See many advisors out there just

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Speaker 4: talk about investments and you know, give me your money,

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Speaker 4: let me manage it for you. Well, that's not the

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Speaker 4: complete story. You deserve better. There is income planning, there's

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Speaker 4: tax planning, there is investment planning, and when you combine

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Speaker 4: all of them, you have a plan. It's called the

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Speaker 4: holistic plan, and also a state planning to put that

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Speaker 4: on top of everything. And many people out there don't

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Speaker 4: understand that you can do very cool things to put

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Speaker 4: yourself in a situation where you don't have to worry

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Speaker 4: about the future of legislative risk and tax is increasing

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Speaker 4: in the future, and that's what you want to avoid.

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Speaker 4: So think of it this way. If you have an

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Speaker 4: account that's infected with taxes, every time you take money out,

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Speaker 4: it's taxable, and when tax rates increase, guess what you

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Speaker 4: have to pay those taxes. What if you can get

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Speaker 4: on the other side of that where who cares if

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Speaker 4: tax rates go up, you don't have to pay any

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Speaker 4: more taxes on those funds. And that's what we're talking

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Speaker 4: about here when we talk about planning and tax planning.

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Speaker 4: That's one of the things where we're talking about here.

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Speaker 4: So continue on with the story because it gets better.

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Speaker 2: Yeah, eight three to three, Maggie. Tax you can call

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Speaker 2: right now, make an appointment. But here's the happy ending.

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Speaker 2: And this is what we really love doing. In addition

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Speaker 2: to showing them how to avoid one point two million

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Speaker 2: of income taxes, they're also projected to save one hundred

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Speaker 2: and fifty one thousand of medicare premiums over their combined lifetimes.

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Speaker 2: And I love what we do for families because it's

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Speaker 2: very gratifying to watch how such a simple act, if

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Speaker 2: you do it correctly, can save a lot of money

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Speaker 2: and an amazing amount of money and give families so

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Speaker 2: much more financial freedom.

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Speaker 3: And I have examples that I.

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Speaker 2: Can go through, which we will go through on the radio,

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Speaker 2: of whether you have an IRA of a million dollars

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Speaker 2: or five hundred thousand or even fifty thousand, So it

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Speaker 2: doesn't eliminate anybody, Chris. It's just a matter of taking

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Speaker 2: the taxable money and moving it to the tax rebucket

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Speaker 2: to reduce the taxes the correct way.

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Speaker 4: And that's called planning. And if your advisor is not

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Speaker 4: doing strategic planning, then that's why you should pick up

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

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Speaker 4: to three Maggie Tax. Visit our website at Maggie Tax

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Speaker 4: dot com. That's m A G G I T a

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Speaker 4: X dot com and there's so much information right there

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Speaker 4: at your fingertips. But more importantly, work with the right

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Speaker 4: advisor who's going to talk about tax planning, investment planning,

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Speaker 4: and income planning, stay planning, social security maximization planning. That's

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Speaker 4: what you want to be especially going into the year.

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Speaker 4: You want to make sure that you are planning the

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Speaker 4: right way.

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Speaker 2: And you know what's funny, at the end of the year,

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Speaker 2: we always get calls, you know, December, I want to

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Speaker 2: convert and they're struggling because they have to do it

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Speaker 2: at the end of the year.

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Speaker 3: Don't do that. Wait, what's not going to help you

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Speaker 3: if you wait. Do it now. You can do it

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Speaker 3: in the beginning of the year.

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Speaker 2: You could do it all year and strategically, that's the

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Speaker 2: word Chris and I use. Let's roll some of that

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Speaker 2: money out, reduce the taxes and have tax free income.

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Speaker 2: So how about you, what's your thoughts? So give us

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Speaker 2: a call eight three to three, Maggie Tax, let's sit down,

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Speaker 2: talk about your situation.

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Speaker 3: And I'm telling you you'd be surprised.

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Speaker 2: So I've shared several real life stories of people who

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Speaker 2: trusted us as specialists in this field. And here's the key.

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Speaker 2: Not everybody can do this, Chris, Not every CPA, not

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Speaker 2: every tax advisor can do a Roth conversion. We've been

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Speaker 2: specializing in this for years and we're proud to say

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Speaker 2: that we've helped a lot of people. And for those

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Speaker 2: of you listening who know we've done it, know exactly

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Speaker 2: what I'm talking about, and their financial lives have become

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Speaker 2: so much less complicated at tax time and also in between.

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Speaker 4: And that's just said. Many advisors out there as well,

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Speaker 4: they don't talk about tax planning. They don't want to

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Speaker 4: do nothing with taxes because they one don't know it

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Speaker 4: and they're not versed with it, they're not educated about it.

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Speaker 4: And that's something that you want to understand as you

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Speaker 4: move forward in your financial future because you want to

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Speaker 4: be with the right advisor, someone who does complete planning,

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Speaker 4: our holistic planning, and you know, when we talk about conversions,

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Speaker 4: that's just one of the things that we do to

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Speaker 4: help people get a tax free environment. You know, as

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Speaker 4: far as their investments. And if your investments and no

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Speaker 4: one's managing them for you, or you have an old

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Speaker 4: Form one K, or you have an account that's you

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Speaker 4: think it's being managed, well, come on in, let's get

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Speaker 4: a second opinion, because that's what we're talking about here.

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Speaker 4: This is your financial future, doesn't matter how old you are.

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Speaker 4: You want to have a tax plan, you want to

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Speaker 4: have an income plan, you want to have an investment plan,

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Speaker 4: and you also want to have an estate plan. And

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Speaker 4: many people out there have no idea how their accounts

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Speaker 4: are going through transfer, you know, is it set up

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Speaker 4: the right way? Well, these are things that we do

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Speaker 4: to help our clients. So pick up the phone, schedule

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Speaker 4: a time to meet with us. We have offices on

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Speaker 4: both sides of the Bay. Eight three three Maggie Tax.

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Speaker 4: You know we're talking about conversions, but can can continue

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Speaker 4: that journey and most of people's financial net worth. When

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Speaker 4: you do strategic and bucket planning, you could put yourself

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Speaker 4: in a better situation. So when tax laws change, and

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Speaker 4: when they do in the future, at some point, you

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Speaker 4: don't have to fall victim to them. And that's one

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Speaker 4: of the keys that we focus on, and we take

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Speaker 4: a tax approach in everything we do. So pick up

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

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Speaker 4: to three Magi Tax. Whether you're looking for income planning

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Speaker 4: or tax planning, or investment planning or estate planning, we

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Speaker 4: can help you eight three to three Maggie Tax. If

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Speaker 4: you have at least two hundred fifty thousand to one

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Speaker 4: million dollars or more in iri retirement funds, you're likely

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Speaker 4: a great candidate for a huge amount of tax avoidance

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Speaker 4: over your lifetime. But you have to start now. Eight

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Speaker 4: three to three, Maggie Tax. Procrastination is very costly and

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Speaker 4: we all know that, So now is a time, more

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Speaker 4: than ever before, to pick up the phone. Schedule time

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Speaker 4: to meet with us. Eight three three Maggie Tax. Go

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Speaker 4: to our website, Maggie Tax dot com and click on

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Speaker 4: a link and let's get together. Eight three to three

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Speaker 4: 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: 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 4: Welcome back to the Maggie Tax and Financial Show. I'm

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Speaker 4: Chris Maggie and I'm here with my dad and coast

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Speaker 4: of the show, Robert Maggie, and as always, we are

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Speaker 4: so grateful to be here because there's so much information

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Speaker 4: to talk about. People need education, and they come to

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Speaker 4: us because they're looking for advice and they're looking for

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Speaker 4: ways to help them during retirement, whether it's creating more

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Speaker 4: income and creating an income plan for them where guaranteed

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Speaker 4: income streams come in for the rest of their life,

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Speaker 4: or creating a family pension where they can't outlive, or

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Speaker 4: they're investment planning. Many people come to us and they

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Speaker 4: have questions about their investments and an old four one

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Speaker 4: K that they need to roll over, or what about

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Speaker 4: their current accounts. They want to maximize the market or

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Speaker 4: protect against downside losses. So there's a lot of different

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Speaker 4: things that we do to help people. All also a

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Speaker 4: state planning. Many people have no wills or trusts or

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Speaker 4: power of attorneys or their beneficiary forms aren't even right,

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Speaker 4: so that's what we do. We do a lot. It's

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Speaker 4: called holistic planning. So I'm glad to offer these services

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Speaker 4: to many people out there who are listening. If you

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Speaker 4: have any questions, just pick up the phone, schedule time

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Speaker 4: to meet with us. Visit our website at Maggie tax

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Speaker 4: dot com. That's m a Ggi tax dot com and

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Speaker 4: don't forget Every Sunday on ABC TV at ten thirty am,

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Speaker 4: tune into our show, The Magi Tax and Financial Show.

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Speaker 4: So a three to three Maggie Tax schedule time to

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Speaker 4: meet with us.

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Speaker 2: And to make it easy, if you go to our

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Speaker 2: website Maggie tax dot com, go to seminars. We do

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Speaker 2: two seminars a month and we're going to be doing

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Speaker 2: it every month throughout the year. They're at libraries, they're educational,

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Speaker 2: they're on taxes, they're on retirement. What Chris mentioned before,

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Speaker 2: a state planning. A lot of people don't have a

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Speaker 2: will or trust power of attorney. And the funny thing

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Speaker 2: about that is when we talk about that, we usually

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Speaker 2: get someone coming in that said they just lost a

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Speaker 2: parent or they lost, you know, a relative, and now

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Speaker 2: it's too late for them because they don't have the documents. Folks,

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Speaker 2: please take that serious. It's real important. Get your documents

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Speaker 2: in a row and visit our website, Maggie Tax.

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Speaker 3: You can see what we have there.

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Speaker 2: So, Chris, we've been talking about, you know, roth conversions.

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Speaker 2: A lot of people out there question it. They don't

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Speaker 2: know how to do it, and some people that we

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Speaker 2: see that have done it have done it wrong because

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Speaker 2: they're paying way too much in taxes.

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Speaker 3: And that's a specialty.

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Speaker 2: So sit down with Chris and I let's do a

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Speaker 2: tax review because then you'll see exactly what taxes you're

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Speaker 2: going to pay and what you can say. And we're

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Speaker 2: going to show you some examples in a second here

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Speaker 2: because this is reality. This is what happens when you

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Speaker 2: come in to meet with Chris and I. We can

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Speaker 2: help you understand that you know what you're going to

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Speaker 2: make the final decision well.

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Speaker 4: Less, it's less. Here's an example here where it's real.

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Speaker 4: But we're going to make sure that you understand that

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Speaker 4: this could happen to you and this could be you.

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Speaker 4: So we had a client that came in at a

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Speaker 4: six hundred and seventy five thousand dollars IRA. It's in

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Speaker 4: a brokerage account, just sitting there. A client did not

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Speaker 4: need the money, just letting it grow. First off, they

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Speaker 4: had no idea what they're invested in. So when we

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Speaker 4: did the analysis, you broke that down and they were

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Speaker 4: actually taking came more risk than what they really wanted to.

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Speaker 4: So what we call risk level was very probably balanced,

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Speaker 4: but what they're investing in is very aggressive. So we

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Speaker 4: had to dial that back a little bit and we

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Speaker 4: showed them that their advisors really not paying attention to

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Speaker 4: their account and if the market does go down, then

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Speaker 4: guess what, They're going to lose a lot of money.

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Speaker 4: So they did not want that and they want an adjustment.

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Speaker 4: So we helped them put together an investment plan with

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Speaker 4: different buckets of money with a different purpose. And that's

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Speaker 4: what we're talking about here. Whether it's dividends, whether it's safety,

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Speaker 4: whether it's using ways to hedge against inflation. Those are

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Speaker 4: the buckets that we created for this client. Now, not

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Speaker 4: only that, we took it to another approach and said, well,

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Speaker 4: let's talk about future money and what's taxable, what's tax free?

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Speaker 4: And she said, well, I have no tax free money.

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Speaker 4: And we talked about first the requirementium distribution. So she's

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Speaker 4: seventy years old and in a couple of years, at

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Speaker 4: seventy three, she's going to have to take out what

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Speaker 4: they call the reques required minim distribution. When you come

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Speaker 4: in to meet with us, we could run this for you,

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Speaker 4: but at assuming a five percent, just very conservative growth

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Speaker 4: rate on six hundred and seventy five thousand dollars, at

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Speaker 4: age seventy three, she has to take out twenty eight

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Speaker 4: thousand dollars of required minimum distribution. Whether she wants to

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Speaker 4: or not. She has to take that money out, and

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Speaker 4: every year after she has to take the distributions. And

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Speaker 4: as you'll see, as the account gets bigger, guess what

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Speaker 4: happens to the distributions more taxes, more taxes, They get bigger,

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Speaker 4: and then now she has to pay more taxes. And

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Speaker 4: she said, well, how do I get rid of this?

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Speaker 4: So we ran the example and we showed her that

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Speaker 4: if she continues to stay on the course that she's

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Speaker 4: currently on, she's going to pay one hundred and fifty

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Speaker 4: thousand dollars on taxes on her requirementium distributions throughout her lifetime.

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Speaker 4: When she reinvests those required minium distributions, she's going to

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Speaker 4: pay another fifty five thousand dollars. And then when she

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Speaker 4: passes away, she's going to pay another one hundred and

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Speaker 4: thirty five thousand dollars to her beneficiaries because it's all tax.

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Speaker 4: So that six hundred and seventy five thousand dollars ira,

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Speaker 4: she's going to pay three hundred and forty thousand dollars

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Speaker 4: in tax and that's just at current tax rates, and

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Speaker 4: if they increase in the future, guess what she's going

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Speaker 4: to pay more. So what do we do? We said, Hey,

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Speaker 4: let's talk about tax free buckets. Let's convert some money

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Speaker 4: from an IRA to a roth IRA. So when we

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Speaker 4: reallocated the funds and did the conversion, she has to

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Speaker 4: pay one hundred and thirty five thousand dollars in tax

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Speaker 4: and that's it. She has no more taxes on her

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Speaker 4: requirement and distribution. When she passes away in the future,

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Speaker 4: she has no tax to the beneficiaries. So she said, well,

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Speaker 4: one hundred and thirty five thousand is better than three

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Speaker 4: hundred and forty thousand dollars, isn't it. And we said, yeah,

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Speaker 4: but let's do it the smartlay. We can pay it

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Speaker 4: on one lump sum, or we could do it over time,

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Speaker 4: so that one hundred and thirty four thousand dollars we

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Speaker 4: can convert over a five year, seven year, ten year pay.

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Speaker 4: And guess what Dad tell me how she felt after that.

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Speaker 3: She was surprised. She didn't know.

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Speaker 2: And what really understand is why should I pay more

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Speaker 2: in taxes? Because what Chris also needs I didn't mention,

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Speaker 2: but he will. It affects it her part being a

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Speaker 2: part d if she keeps taking that money out, So

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Speaker 2: when you look back on it, you got to you

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Speaker 2: got to figure out if we can do it, you know, strategically,

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Speaker 2: to reduce the tax on the ERMA which is going

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Speaker 2: to increase, and the Part D.

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Speaker 3: And that's what people don't get it.

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Speaker 2: So when we explain what he just did here to people,

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Speaker 2: it's it's a it's a multitude of things that you

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Speaker 2: don't know that are going to affect your IRA, and

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Speaker 2: it's going to be higher taxes all the way across

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Speaker 2: the board.

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Speaker 4: So when someone's in the situation with ev an IRA,

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Speaker 4: what's the best advice you would give to do to

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Speaker 4: get ahead of the situation.

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Speaker 2: Well, number one is what we're talking about here today.

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Speaker 2: Let's sit down and take a look at it and

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Speaker 2: see what the numbers look like. And if it makes

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Speaker 2: sense to do it strategically, where you take a less

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Speaker 2: tax out than more, why would you not do that?

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Speaker 2: Because now what Chris just explained to you, she has

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Speaker 2: all tax free money.

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Speaker 3: And she could take it out.

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Speaker 2: It doesn't affect her social Security, it doesn't affect her ERMA,

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Speaker 2: and it doesn't affect her Part B and D. And

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Speaker 2: that's the story, folks, that you have to pay attention to,

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Speaker 2: because no one's talking about.

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Speaker 4: That, and that's just it, So we talked about two roads.

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Speaker 4: She can stay on the same road like everybody else

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Speaker 4: and pay more taxes in the future, and when legislative

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Speaker 4: risk and the tax rates change, she's going to pay

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Speaker 4: a heck of a lot more as she gets older.

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Speaker 4: Or you can get in the tax free lane and

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Speaker 4: avoid and pay less tax If not any you could

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Speaker 4: be in a tax free environment for the rest of

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Speaker 4: your life and your account grows. Guess what taxes are

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Speaker 4: not there anymore because you already pay them. So pick

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Speaker 4: up the phone schedule time to meet with us eight

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Speaker 4: three to three Maggie Tax. That's a three to three

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Speaker 4: 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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00:18:56,960 --> 00:19:00,280
Speaker 1: can create a tax free retirement, call eight three three

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Speaker 1: three Maggie Tax or visit Maggie Tax dot com. Now

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

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Speaker 1: Chris Maggie.

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

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Speaker 4: your money meets meaning we just talked about how to

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Speaker 4: grow your wealth through smart investment planning, but now we

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Speaker 4: turn to something even more important, protecting that wealth for

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Speaker 4: people you love. Because true financial success isn't just about

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Speaker 4: what you build, it's about what you leave behind. Estate

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Speaker 4: planning is the bridge between your hard work and your legacy,

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Speaker 4: and without it, your assets could end up tangled in probate,

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Speaker 4: delayed and drained far from your future that you and

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Speaker 4: envision for your family. And you don't want that. So

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Speaker 4: today I want to start out and show you and

436
00:19:45,760 --> 00:19:48,520
Speaker 4: make sure that your home, your accounts, your business, everything

437
00:19:48,560 --> 00:19:52,359
Speaker 4: you work so hard for passes smoothly, privately and powerfully

438
00:19:52,680 --> 00:19:55,199
Speaker 4: to the next generation. Because that's what you deserve. It's

439
00:19:55,240 --> 00:19:57,679
Speaker 4: not about just having millions of dollars and only the

440
00:19:57,680 --> 00:20:00,399
Speaker 4: wealthy can do that. Everybody can do that if you

441
00:20:00,560 --> 00:20:03,080
Speaker 4: just do the right planning. So let's talk about trusts

442
00:20:03,080 --> 00:20:06,320
Speaker 4: and wills and benefit surity designations and the tools that

443
00:20:06,400 --> 00:20:09,640
Speaker 4: turn planning into peace of mind. So this is more

444
00:20:09,680 --> 00:20:12,240
Speaker 4: than just paperwork. It's your legacy, and you know, let's

445
00:20:12,240 --> 00:20:14,399
Speaker 4: protect it together. And Dad, how many times do we

446
00:20:14,480 --> 00:20:18,480
Speaker 4: see people come in they got no plan, they got

447
00:20:18,480 --> 00:20:21,359
Speaker 4: piles of money, They come in all happy. Hey is

448
00:20:21,400 --> 00:20:23,560
Speaker 4: what I say. You look at my accounts and but

449
00:20:23,640 --> 00:20:27,440
Speaker 4: again it's pretty much there's nothing under it to protect.

450
00:20:27,160 --> 00:20:30,000
Speaker 2: It well because no one took the time to educate them.

451
00:20:30,040 --> 00:20:32,040
Speaker 2: And think about it. You go to school to learn,

452
00:20:32,320 --> 00:20:34,679
Speaker 2: and then you have to take a topic or a

453
00:20:34,720 --> 00:20:36,600
Speaker 2: subject and you get a test on it. And I

454
00:20:36,600 --> 00:20:39,560
Speaker 2: don't think anyone's ever you know, tested anybody on investment

455
00:20:39,560 --> 00:20:43,000
Speaker 2: planning or what we're talking about, you know, a state planning.

456
00:20:43,080 --> 00:20:45,399
Speaker 2: So let's kind of recap some of the things on

457
00:20:45,440 --> 00:20:47,040
Speaker 2: the investment plan that we talked about.

458
00:20:47,400 --> 00:20:47,919
Speaker 3: Think about it.

459
00:20:47,960 --> 00:20:50,359
Speaker 2: You've built the wealth, now let's protect it. But the

460
00:20:50,400 --> 00:20:52,119
Speaker 2: other thing, like Chris is mentioning, what do you do

461
00:20:52,200 --> 00:20:55,840
Speaker 2: with it? So a state planning, it's not just about money,

462
00:20:55,920 --> 00:20:58,040
Speaker 2: it's about meaning what are you going to do with it?

463
00:20:58,359 --> 00:21:00,840
Speaker 2: How do you want it to pass your beneficial I

464
00:21:00,880 --> 00:21:03,840
Speaker 2: have a trust. Okay, anything happens to me, my wife

465
00:21:03,840 --> 00:21:06,040
Speaker 2: gets it. Anything happens to my wife and I my

466
00:21:06,119 --> 00:21:08,240
Speaker 2: two boys get it, and anything happens to them, guess

467
00:21:08,280 --> 00:21:11,439
Speaker 2: where it passes down to the grandkids. So when you

468
00:21:11,480 --> 00:21:13,439
Speaker 2: think about that, is that the kind of plan you

469
00:21:13,480 --> 00:21:16,040
Speaker 2: have or you don't even know yet? So you know,

470
00:21:16,280 --> 00:21:19,959
Speaker 2: it's basically an emotional hook. What happens to your assets

471
00:21:19,960 --> 00:21:21,960
Speaker 2: when you're gone? And Chris, this is where I think

472
00:21:22,000 --> 00:21:25,520
Speaker 2: people get I would say sidetracked. But when they meet

473
00:21:25,520 --> 00:21:27,760
Speaker 2: with an advisor, it's all about selling them something.

474
00:21:27,920 --> 00:21:28,399
Speaker 3: Think about it.

475
00:21:28,440 --> 00:21:30,040
Speaker 2: They come in with their statement, they give it to

476
00:21:30,480 --> 00:21:32,840
Speaker 2: you know, a custodian, and they invest it.

477
00:21:32,880 --> 00:21:35,360
Speaker 3: But what happens after that? What do they do with it?

478
00:21:35,960 --> 00:21:37,399
Speaker 3: Do they keep it, do they lose it?

479
00:21:37,640 --> 00:21:39,600
Speaker 2: And then when they need money to then the big

480
00:21:39,640 --> 00:21:42,600
Speaker 2: question when you ask everybody, this is always a funny question,

481
00:21:42,960 --> 00:21:45,639
Speaker 2: how much do you need every month coming in the

482
00:21:45,640 --> 00:21:49,359
Speaker 2: front door. When you ask that question, people go, I

483
00:21:49,400 --> 00:21:52,200
Speaker 2: don't know. And that just bewilders me all the time

484
00:21:52,200 --> 00:21:55,359
Speaker 2: because no one that's a perfect point, Chris. No one

485
00:21:55,640 --> 00:21:56,440
Speaker 2: talks about it.

486
00:21:56,680 --> 00:21:58,359
Speaker 4: That's just it. And you know, I was listening to

487
00:21:58,400 --> 00:22:01,040
Speaker 4: you and you made a great question ues to the

488
00:22:01,040 --> 00:22:04,000
Speaker 4: listener here and to me as well listening what happens

489
00:22:04,040 --> 00:22:08,120
Speaker 4: when your assets to your assets when you're gone? Think

490
00:22:08,119 --> 00:22:10,000
Speaker 4: about that. Let that digest for a minute. Do you

491
00:22:10,119 --> 00:22:15,119
Speaker 4: know and if you know totally in confirmation is one

492
00:22:15,160 --> 00:22:16,720
Speaker 4: hundred percent that you know where it's going to go?

493
00:22:16,760 --> 00:22:18,840
Speaker 4: Then that's a great thing, But I bet you that

494
00:22:19,000 --> 00:22:22,240
Speaker 4: most listeners today have a doubt, They have questions in mind.

495
00:22:22,280 --> 00:22:24,560
Speaker 4: They don't know really where it's gonna go. I'm talking

496
00:22:24,560 --> 00:22:26,479
Speaker 4: about your bank accounts. I'm talking about your form of case.

497
00:22:26,520 --> 00:22:29,040
Speaker 4: I'm talking about your IRA, your roth IRA, your brokerage account.

498
00:22:29,200 --> 00:22:31,200
Speaker 4: Think about those accounts. What about the savings accounts that

499
00:22:31,240 --> 00:22:34,000
Speaker 4: you have? What about your house? So what do you do?

500
00:22:34,119 --> 00:22:37,080
Speaker 4: Why is the state planning so essential because you want

501
00:22:37,119 --> 00:22:40,600
Speaker 4: to avoid probate? What's probate? Probates the court system. That's

502
00:22:40,640 --> 00:22:42,680
Speaker 4: who's going to make decisions on your your a state

503
00:22:42,720 --> 00:22:45,399
Speaker 4: and doesn't have to be that way. There's delays, there's cost,

504
00:22:45,440 --> 00:22:49,000
Speaker 4: there's public exposure. My gosh, we have a piece in

505
00:22:49,040 --> 00:22:52,960
Speaker 4: our office on celebrities who went through probate. Oh my goodness.

506
00:22:52,960 --> 00:22:55,600
Speaker 4: When you sit there and look at what they went through,

507
00:22:55,960 --> 00:22:59,280
Speaker 4: millions and millions of dollars wasted and now we know

508
00:22:59,359 --> 00:23:02,120
Speaker 4: all about their state. We don't have to same thing

509
00:23:02,160 --> 00:23:04,240
Speaker 4: for you. You know, we want to ensure that assets

510
00:23:04,280 --> 00:23:09,080
Speaker 4: pass to your loved ones smoothly, not through havoc and

511
00:23:09,760 --> 00:23:12,320
Speaker 4: fights and time and delays. You know, we want to

512
00:23:12,359 --> 00:23:15,840
Speaker 4: prevent family disputes. And confusion. My gosh, dad, how many

513
00:23:15,880 --> 00:23:17,240
Speaker 4: stories can we talk about with this?

514
00:23:17,359 --> 00:23:19,320
Speaker 2: Well, too many to be honest with you, and they're

515
00:23:19,320 --> 00:23:21,840
Speaker 2: scary and they're honest stories and they're real. And let

516
00:23:21,840 --> 00:23:25,119
Speaker 2: me also throw this out at you everyone listening today,

517
00:23:25,119 --> 00:23:28,040
Speaker 2: we do an estate planning seminar. We do four a

518
00:23:28,080 --> 00:23:30,760
Speaker 2: month because go to my website, Maggie tax dot com

519
00:23:30,960 --> 00:23:31,960
Speaker 2: click on seminars.

520
00:23:31,960 --> 00:23:32,720
Speaker 3: You'll see the dates.

521
00:23:32,720 --> 00:23:35,400
Speaker 2: We hold them at libraries and we hold them either

522
00:23:35,400 --> 00:23:38,159
Speaker 2: at eleven o'clock or two o'clock in the afternoon. I

523
00:23:38,200 --> 00:23:40,480
Speaker 2: don't buy dinners because it's just not gonna help me

524
00:23:40,560 --> 00:23:43,159
Speaker 2: help you. I want you to come for the education everything.

525
00:23:43,280 --> 00:23:46,119
Speaker 2: Just Chris just mentioned here, it's amazing how many people

526
00:23:46,119 --> 00:23:48,399
Speaker 2: are sitting there saying, Gee, I wish I would have

527
00:23:48,400 --> 00:23:50,600
Speaker 2: done that, Gee, I wish I would have done that. Folks,

528
00:23:50,600 --> 00:23:53,160
Speaker 2: it's very easy, it's very cheap, and it's gonna save

529
00:23:53,200 --> 00:23:56,040
Speaker 2: you thousands of dollars. So just go to my website,

530
00:23:56,040 --> 00:23:58,639
Speaker 2: Maggie tax dot com, click on seminars. You'll see all

531
00:23:58,640 --> 00:24:01,720
Speaker 2: the dates there every month. There's four times a month

532
00:24:01,800 --> 00:24:03,600
Speaker 2: right now, and we're probably going to do more because

533
00:24:03,640 --> 00:24:06,120
Speaker 2: it's so important. Well, Chris and I are talking about

534
00:24:06,200 --> 00:24:09,040
Speaker 2: and what we see every day. It's really sad that

535
00:24:09,119 --> 00:24:11,840
Speaker 2: you don't know about something simple enough to get a

536
00:24:11,880 --> 00:24:15,200
Speaker 2: will or a trust you know, or which one is better?

537
00:24:15,600 --> 00:24:17,439
Speaker 2: Even like if you have a home, I'll mention this

538
00:24:17,520 --> 00:24:20,000
Speaker 2: a quick claim deed or a lady bird deed? Why

539
00:24:20,040 --> 00:24:21,800
Speaker 2: am I mentioning that to avoid one thing?

540
00:24:21,920 --> 00:24:22,240
Speaker 3: Chris?

541
00:24:22,400 --> 00:24:25,560
Speaker 2: It's called probate. How many clients do we see every day?

542
00:24:25,560 --> 00:24:27,840
Speaker 2: They have you mentioned it before? Millions of dollars in

543
00:24:27,880 --> 00:24:30,040
Speaker 2: their IRA four oh one k and they don't have

544
00:24:30,119 --> 00:24:32,520
Speaker 2: any of these documents. And you know how we find

545
00:24:32,560 --> 00:24:34,960
Speaker 2: out when the children come in and they say, you know, guys,

546
00:24:35,000 --> 00:24:37,400
Speaker 2: I can't get my money from my parents. It's going

547
00:24:37,400 --> 00:24:40,600
Speaker 2: through probate. Yeah, you think that's the reason. Why So

548
00:24:40,680 --> 00:24:42,720
Speaker 2: do you want that to happen to you? And it's

549
00:24:42,760 --> 00:24:44,280
Speaker 2: the cheapest thing you could do?

550
00:24:44,440 --> 00:24:47,159
Speaker 4: Absolutely? And you know when we hear those stories, we

551
00:24:47,320 --> 00:24:50,280
Speaker 4: just cringe. And then we start looking into where they

552
00:24:50,320 --> 00:24:52,320
Speaker 4: came from. And then you come to find out that

553
00:24:52,400 --> 00:24:56,600
Speaker 4: mom and dad had their advisor for twenty twenty five

554
00:24:56,720 --> 00:24:58,920
Speaker 4: years and then you say they didn't talk to them

555
00:24:58,920 --> 00:25:01,720
Speaker 4: about this. Wow, they manage their money really great. But

556
00:25:01,760 --> 00:25:05,880
Speaker 4: guess what now you got PROBA cost and time and money.

557
00:25:06,240 --> 00:25:08,480
Speaker 4: How do you go about doing that? And that's why

558
00:25:08,760 --> 00:25:10,400
Speaker 4: if you have an advisor now and that's not talking

559
00:25:10,440 --> 00:25:13,280
Speaker 4: about total state planning and income planning and tax planning,

560
00:25:13,760 --> 00:25:16,160
Speaker 4: then I really raised the question that you should come

561
00:25:16,160 --> 00:25:18,440
Speaker 4: in and meet with us, because let's have a conversation.

562
00:25:18,520 --> 00:25:21,040
Speaker 4: If you're looking for a complete plan, we can help.

563
00:25:21,119 --> 00:25:23,480
Speaker 4: Eight three to three, Maggie Tax. That's eight three to three,

564
00:25:23,560 --> 00:25:26,200
Speaker 4: Maggie Tax. Well, let me hurt you a little bit more. Okay,

565
00:25:26,240 --> 00:25:29,400
Speaker 4: this is really important. How many of you have done

566
00:25:29,440 --> 00:25:33,000
Speaker 4: a beneficiary change or a benefit Have you checked your beneficiaries?

567
00:25:33,280 --> 00:25:36,040
Speaker 4: Because what Chris just mentioned, when some people pass and

568
00:25:36,080 --> 00:25:38,760
Speaker 4: then we look at the beneficiary, guess what, It's not

569
00:25:38,840 --> 00:25:41,000
Speaker 4: what you thought it was because you did this ten, fifteen,

570
00:25:41,080 --> 00:25:43,520
Speaker 4: twenty years ago. So I challenge all of you give

571
00:25:43,600 --> 00:25:45,680
Speaker 4: us a call, sit down with us. Eight three to three,

572
00:25:46,040 --> 00:25:49,719
Speaker 4: Maggie Tax. Let's review your documents to see if they're correct.

573
00:25:49,720 --> 00:25:51,560
Speaker 4: Because again here's another question.

574
00:25:51,600 --> 00:25:54,240
Speaker 2: How many of you have or have not a power

575
00:25:54,280 --> 00:25:58,159
Speaker 2: of attorney on healthcare directives? What happens if something happens

576
00:25:58,200 --> 00:26:00,560
Speaker 2: to you and you need a healthcare decision to be

577
00:26:00,600 --> 00:26:02,000
Speaker 2: made Who's gonna make it?

578
00:26:02,359 --> 00:26:03,840
Speaker 3: Okay? This is what we see.

579
00:26:03,640 --> 00:26:05,399
Speaker 2: Every day, and this is why we do the show

580
00:26:05,680 --> 00:26:08,199
Speaker 2: because there's so many things that you could do to

581
00:26:08,359 --> 00:26:10,600
Speaker 2: make it better. You just got to sit down, have

582
00:26:10,640 --> 00:26:13,359
Speaker 2: a conversation, go over And I said this before, what

583
00:26:13,560 --> 00:26:16,880
Speaker 2: keeps you up at night? So what if what keeps

584
00:26:16,920 --> 00:26:19,480
Speaker 2: you up at night someone passed away and then going

585
00:26:19,480 --> 00:26:22,399
Speaker 2: through probate. Doesn't that bother you? I think it should

586
00:26:22,760 --> 00:26:24,200
Speaker 2: and I know it bothers me when I see it

587
00:26:24,240 --> 00:26:25,720
Speaker 2: all the time, and Chris and I see it all

588
00:26:25,720 --> 00:26:27,560
Speaker 2: the time. It is not that I can do about

589
00:26:27,560 --> 00:26:30,120
Speaker 2: it unless you want to do something about it. Eight

590
00:26:30,160 --> 00:26:33,040
Speaker 2: three three Maggie Tax and Chris, this is so important

591
00:26:33,080 --> 00:26:35,520
Speaker 2: when you talk about the things we're talking about today,

592
00:26:35,560 --> 00:26:39,360
Speaker 2: investment strategies, income planning, and now is state planning. These

593
00:26:39,359 --> 00:26:41,480
Speaker 2: are common things that you all should be thinking of.

594
00:26:41,640 --> 00:26:44,440
Speaker 2: So get the right time, do it.

595
00:26:44,520 --> 00:26:47,000
Speaker 4: Eight three to three Maggie Tax message. Just get the

596
00:26:47,000 --> 00:26:49,200
Speaker 4: Maggie planned. Visit our website at Maggie tax dot com.

597
00:26:49,240 --> 00:26:51,720
Speaker 4: That's m A G G I T A X dot com.

598
00:26:51,720 --> 00:26:54,840
Speaker 4: All their informations right there. But I'll give a quick example.

599
00:26:55,280 --> 00:26:58,159
Speaker 4: I never forget this story I've been this a business

600
00:26:58,160 --> 00:27:01,000
Speaker 4: over twenty years. And tell you the second year I

601
00:27:01,040 --> 00:27:04,280
Speaker 4: was in this business, I came across a client who

602
00:27:04,320 --> 00:27:07,399
Speaker 4: had twenty thousand dollars to her name, but her brother

603
00:27:07,480 --> 00:27:10,720
Speaker 4: passed away who lived in California, and he had two

604
00:27:10,720 --> 00:27:14,119
Speaker 4: million dollars. So we met with our client and we

605
00:27:14,119 --> 00:27:15,840
Speaker 4: took care of her because it's not about how much

606
00:27:15,840 --> 00:27:18,439
Speaker 4: money you have, it's about the whole process. So she

607
00:27:18,520 --> 00:27:20,000
Speaker 4: came on in and she told us, you know, her

608
00:27:20,040 --> 00:27:22,760
Speaker 4: brother passed away, and we felt terrible for her. And

609
00:27:22,880 --> 00:27:25,120
Speaker 4: we found that this information that he had two CDs

610
00:27:25,160 --> 00:27:28,480
Speaker 4: with the same bank. One million dollars was with one

611
00:27:28,560 --> 00:27:30,840
Speaker 4: CD and the other million dollars which is with the other.

612
00:27:31,200 --> 00:27:34,960
Speaker 4: But guess what, the one CD had proper beneficiary designation

613
00:27:35,000 --> 00:27:37,440
Speaker 4: where the other one did not. So the million dollars

614
00:27:37,480 --> 00:27:39,760
Speaker 4: went to her and avoided probate because it was the

615
00:27:39,800 --> 00:27:43,240
Speaker 4: right transfer, very quickly and efficiently. But the other million

616
00:27:43,480 --> 00:27:47,600
Speaker 4: it took eighteen months, eighteen months through probate. He had

617
00:27:47,640 --> 00:27:51,520
Speaker 4: attorney costs, you had fees, Everyone knew about his public

618
00:27:51,600 --> 00:27:54,240
Speaker 4: record and everything, and guess what it call could have

619
00:27:54,240 --> 00:27:57,480
Speaker 4: been avoided. So the same bank, we had this all

620
00:27:57,520 --> 00:28:00,760
Speaker 4: mess up because they didn't do the proper planning. So

621
00:28:00,880 --> 00:28:03,639
Speaker 4: pick up the phone, schedule appointment today. Don't let this

622
00:28:03,800 --> 00:28:07,120
Speaker 4: happen to you. Eight three three Maggie Tax. That's eight

623
00:28:07,200 --> 00:28:08,680
Speaker 4: three three, Magie Tax.

624
00:28:09,080 --> 00:28:09,960
Speaker 3: Let me make it simple.

625
00:28:10,160 --> 00:28:13,399
Speaker 2: Your legacy starts now, and think about it. You've worked hard,

626
00:28:13,600 --> 00:28:17,040
Speaker 2: you've saved, you invested and built a life worth protecting.

627
00:28:17,640 --> 00:28:20,080
Speaker 2: But without a plan, everything that you've built could be

628
00:28:20,160 --> 00:28:23,560
Speaker 2: left to chance. That's not a good plan. A state

629
00:28:23,600 --> 00:28:26,640
Speaker 2: planning isn't just about avoiding probriate. It's about making sure

630
00:28:26,680 --> 00:28:30,439
Speaker 2: that your family doesn't have to fight through red tape

631
00:28:31,040 --> 00:28:35,040
Speaker 2: while grieving. That's the worst time. It's about clarity, compassion,

632
00:28:35,160 --> 00:28:40,200
Speaker 2: and control. So ask yourself if something happened tomorrow, would

633
00:28:40,240 --> 00:28:42,600
Speaker 2: your loved ones know what to do? Would your wife

634
00:28:42,640 --> 00:28:45,040
Speaker 2: know what to do? Would your children know what to do?

635
00:28:45,520 --> 00:28:48,320
Speaker 2: Would your assets go to where you intended? Would your

636
00:28:48,400 --> 00:28:52,640
Speaker 2: legacy be protected? And that's important? Okay, if you're not sure,

637
00:28:52,680 --> 00:28:55,360
Speaker 2: it's time to act. Eight three to three, Maggie Tax,

638
00:28:55,960 --> 00:28:59,160
Speaker 2: call us today. Let's build a plan that honors your life,

639
00:28:59,440 --> 00:29:02,320
Speaker 2: protects you a family, and gives you peace of mind.

640
00:29:02,760 --> 00:29:06,360
Speaker 2: Because your legacy deserves more than hope it deserves a strategy.

641
00:29:06,720 --> 00:29:09,320
Speaker 2: And Chris, so many times when we meet with people,

642
00:29:09,320 --> 00:29:11,840
Speaker 2: we get through an appointment, it's always like what do

643
00:29:11,880 --> 00:29:14,520
Speaker 2: you have? It's not what we have, it's what would

644
00:29:14,560 --> 00:29:17,600
Speaker 2: you like to do? What is your planet? Why are

645
00:29:17,600 --> 00:29:19,920
Speaker 2: you here to see Chris and I today? And I

646
00:29:19,960 --> 00:29:21,840
Speaker 2: think all of you out there have to start asking

647
00:29:21,880 --> 00:29:24,160
Speaker 2: that question. If you're going to meet with the advisor,

648
00:29:24,680 --> 00:29:27,400
Speaker 2: how can they help you? What are they going to

649
00:29:27,440 --> 00:29:30,880
Speaker 2: help you with? Just an investment? Folks, that's not good.

650
00:29:31,080 --> 00:29:33,120
Speaker 2: And that's why we're successful at what we do on

651
00:29:33,160 --> 00:29:36,400
Speaker 2: the Maggie Plan because we talk about taxes, we talk

652
00:29:36,440 --> 00:29:40,280
Speaker 2: about investments, we talk about social security pensions, we talk

653
00:29:40,320 --> 00:29:42,960
Speaker 2: about wills, trust and everything else that goes along with it.

654
00:29:43,360 --> 00:29:45,440
Speaker 2: And you know what, if your advisor is not doing that,

655
00:29:46,160 --> 00:29:48,560
Speaker 2: shame on them. And one thing Chris mentioned before, so

656
00:29:48,680 --> 00:29:51,440
Speaker 2: what if you had an advisor for twenty years now

657
00:29:51,480 --> 00:29:53,600
Speaker 2: go back and ask them why they didn't finish the job.

658
00:29:53,760 --> 00:29:56,840
Speaker 4: But that's it, and that's why it's so important. And

659
00:29:56,200 --> 00:29:59,120
Speaker 4: your future begins with one phone call. Pick up the phone,

660
00:29:59,160 --> 00:30:01,040
Speaker 4: schedule time to meet with it. Let's have a conversation.

661
00:30:01,400 --> 00:30:02,960
Speaker 4: We have office on both sides, of the Bay. But

662
00:30:03,000 --> 00:30:05,360
Speaker 4: when we do complete planning such as income planning and

663
00:30:05,600 --> 00:30:08,280
Speaker 4: your investment playing and planning and how it incorporates with

664
00:30:08,320 --> 00:30:09,760
Speaker 4: your taxes and how much you're going to pay at

665
00:30:09,800 --> 00:30:11,960
Speaker 4: tax and your legacy plan, you can see how this

666
00:30:12,080 --> 00:30:14,760
Speaker 4: all fits together. And that's why we call it the

667
00:30:14,760 --> 00:30:18,280
Speaker 4: Maggie Plan. And that's why we call it the Maggie Plan.

668
00:30:18,400 --> 00:30:21,760
Speaker 4: Putting your puzzle pieces together, we can definitely do it

669
00:30:21,800 --> 00:30:24,080
Speaker 4: for you. It starts with a phone call eight three

670
00:30:24,120 --> 00:30:26,960
Speaker 4: to three Maggie Tax. That's a three to three Maggie tax.

671
00:30:27,080 --> 00:30:29,680
Speaker 4: And don't forget Tune in every Sunday on ABC TV

672
00:30:29,720 --> 00:30:31,640
Speaker 4: at ten thirty for the Maggie Tax and Plan your

673
00:30:31,680 --> 00:30:34,560
Speaker 4: Show eight three to three Maggie Tax. That's eight three

674
00:30:34,600 --> 00:30:35,640
Speaker 4: to three Maggie tax.

675
00:30:38,400 --> 00:30:41,959
Speaker 1: Stop funding Uncle Sam's retirement and start planning for your

676
00:30:42,000 --> 00:30:45,480
Speaker 1: own successful retirement. As we return to the Maggie Tax

677
00:30:45,520 --> 00:30:48,920
Speaker 1: Financial Show with your host Robert and Chris. Maggie with

678
00:30:49,040 --> 00:30:52,160
Speaker 1: Maggie Tax and Wealth Advisors. For information on how you

679
00:30:52,200 --> 00:30:55,800
Speaker 1: can create a tax free retirement, Call eight three three

680
00:30:56,240 --> 00:31:00,560
Speaker 1: Maggie Tax or visit Maggie Tax dot com. Now your

681
00:31:00,560 --> 00:31:06,480
Speaker 1: host with Maggie Tax and Wealth advisors Robert and Chris Maggie.

682
00:31:07,480 --> 00:31:10,320
Speaker 2: Welcome back to the Maggie Tax and Financial Show. My

683
00:31:10,400 --> 00:31:12,320
Speaker 2: name is Robert Maggie and I'm here with my son

684
00:31:12,560 --> 00:31:15,000
Speaker 2: Chris Maggie. So we've been talking about an awful lot

685
00:31:15,040 --> 00:31:17,640
Speaker 2: today and if you have questions or concerns, now is

686
00:31:17,680 --> 00:31:19,880
Speaker 2: the time to pick up the phone eight three to three,

687
00:31:20,120 --> 00:31:23,320
Speaker 2: Maggie Tax and don't forget. Every Sunday at ten thirty

688
00:31:23,360 --> 00:31:27,000
Speaker 2: on ABC TV, tune into The Maggie Tax and Financial Show.

689
00:31:27,240 --> 00:31:28,960
Speaker 2: We talk about a lot of things that might help

690
00:31:29,000 --> 00:31:31,120
Speaker 2: you out. So give us a call eight three to

691
00:31:31,120 --> 00:31:34,440
Speaker 2: three Maggie Tax and think about it. You've built the life,

692
00:31:34,480 --> 00:31:37,840
Speaker 2: protected your legacy, and made sure you'll love the ones

693
00:31:37,840 --> 00:31:39,240
Speaker 2: won't be burdened by probate.

694
00:31:39,320 --> 00:31:40,880
Speaker 3: We talked about that before.

695
00:31:41,240 --> 00:31:43,960
Speaker 2: But here's the question we really ask who's helping you

696
00:31:44,760 --> 00:31:47,640
Speaker 2: connect all the dots? Because the state planning is just

697
00:31:47,720 --> 00:31:49,840
Speaker 2: one piece of the puzzle, and if the rest of

698
00:31:49,880 --> 00:31:53,200
Speaker 2: your financial life isn't aligned, even the best plan can

699
00:31:53,200 --> 00:31:56,440
Speaker 2: fall short. And here's the problem. The problem too often

700
00:31:56,520 --> 00:31:59,680
Speaker 2: is that people work with a tax preparer in one corner,

701
00:32:00,080 --> 00:32:03,040
Speaker 2: an investment advisor in another, and maybe in a state

702
00:32:03,080 --> 00:32:05,880
Speaker 2: attorney somewhere down the line, but no one's talking to

703
00:32:05,920 --> 00:32:09,160
Speaker 2: each other. And that's how things get messed up. That's

704
00:32:09,200 --> 00:32:13,680
Speaker 2: how things get missed. Beneficiaries don't match tax strategies, conflict

705
00:32:13,680 --> 00:32:17,520
Speaker 2: with income plans, and opportunities slip through the cracks. And

706
00:32:17,520 --> 00:32:20,000
Speaker 2: that's the probably the biggest mistake and the most common

707
00:32:20,000 --> 00:32:24,080
Speaker 2: mistake most people make. So, Chris, what's the solution to

708
00:32:24,120 --> 00:32:25,920
Speaker 2: all this? How simple can it be?

709
00:32:26,040 --> 00:32:28,960
Speaker 4: Well, that's so important, and that's why you need a

710
00:32:29,000 --> 00:32:32,920
Speaker 4: complete advisor, someone who sees the full picture your taxes,

711
00:32:32,960 --> 00:32:35,560
Speaker 4: your investments, your retirement income, and your a state plan

712
00:32:35,960 --> 00:32:39,040
Speaker 4: and brings it all together. And a complete advisor doesn't

713
00:32:39,080 --> 00:32:43,320
Speaker 4: just react to problems, they anticipate them. They build strategies

714
00:32:43,320 --> 00:32:45,480
Speaker 4: that work in harmony, not isolation. And that's what we

715
00:32:45,520 --> 00:32:47,480
Speaker 4: do here. We call it the Maggie Plan. And that's

716
00:32:47,480 --> 00:32:49,480
Speaker 4: why we want you to visit our website, Maggie tax

717
00:32:49,520 --> 00:32:52,000
Speaker 4: dot com, because we can put it all together. If

718
00:32:52,000 --> 00:32:54,800
Speaker 4: you ever felt like your financial life is a stack

719
00:32:54,840 --> 00:32:57,560
Speaker 4: of disconnected folders, do you ever think about that? Well,

720
00:32:57,560 --> 00:32:59,720
Speaker 4: it's time to change that. And that's why you can

721
00:32:59,760 --> 00:33:01,640
Speaker 4: just pick up the phone. It starts with you pick

722
00:33:01,680 --> 00:33:03,960
Speaker 4: up the phone, schedule time to meet with us. Let's

723
00:33:03,960 --> 00:33:07,080
Speaker 4: sit down and build a plan that's not just smart,

724
00:33:07,280 --> 00:33:12,000
Speaker 4: it's complete because your future doesn't deserve to have fragments.

725
00:33:12,560 --> 00:33:15,920
Speaker 4: It deserves a team that sees the whole view and mind.

726
00:33:16,040 --> 00:33:19,240
Speaker 4: And that's why we talk about complete planning. There's transactional

727
00:33:19,240 --> 00:33:22,880
Speaker 4: advisors out there, but then there's complete planners. And that's

728
00:33:22,920 --> 00:33:25,120
Speaker 4: why we set up our company this way because we

729
00:33:25,160 --> 00:33:27,400
Speaker 4: understand the tax side of things, the investment side, the

730
00:33:27,440 --> 00:33:30,240
Speaker 4: income planning, the estate planning, you know what about social

731
00:33:30,240 --> 00:33:32,360
Speaker 4: security and medicare planning. We can help it all this.

732
00:33:33,000 --> 00:33:36,240
Speaker 4: So we have the people in place in house, so

733
00:33:36,280 --> 00:33:38,600
Speaker 4: you don't have to go each and everywhere. And that's

734
00:33:38,640 --> 00:33:41,600
Speaker 4: why all you got to do is schedule appointment to

735
00:33:41,680 --> 00:33:43,880
Speaker 4: meet with us. A three three Maggie Tacks.

736
00:33:43,920 --> 00:33:45,760
Speaker 2: You know, as you're talking about that thing came to

737
00:33:45,840 --> 00:33:47,800
Speaker 2: my mind. I mean, you know how silly I could get.

738
00:33:47,800 --> 00:33:49,640
Speaker 2: But what I'm going to do is make a puzzle.

739
00:33:50,080 --> 00:33:52,400
Speaker 2: And it's like a small puzzle, maybe an eight and

740
00:33:52,400 --> 00:33:55,080
Speaker 2: a half by eleven. And when clients come in, we're

741
00:33:55,080 --> 00:33:56,680
Speaker 2: going to give them the puzzle and see if they

742
00:33:56,720 --> 00:33:57,480
Speaker 2: could put it together.

743
00:33:57,840 --> 00:33:59,000
Speaker 3: Maybe that might work.

744
00:33:59,560 --> 00:34:02,480
Speaker 4: It's hard enough with them as it is, because many

745
00:34:02,480 --> 00:34:04,960
Speaker 4: people see all honesty, you've made a joke about it.

746
00:34:05,000 --> 00:34:07,760
Speaker 4: But you know, people come in and and they're confused

747
00:34:07,800 --> 00:34:09,560
Speaker 4: and they want help, right and they've been saying, I've

748
00:34:09,600 --> 00:34:11,920
Speaker 4: been wanting this for years, and I've listen to your

749
00:34:11,920 --> 00:34:13,960
Speaker 4: show for a long time, and you know, it hit

750
00:34:14,000 --> 00:34:16,080
Speaker 4: me a lot of times, and I want to do this.

751
00:34:16,200 --> 00:34:18,000
Speaker 4: And I asked them, why haven't they done it? And

752
00:34:18,000 --> 00:34:20,319
Speaker 4: they said, well, time, you know, I just haven't gotten

753
00:34:20,400 --> 00:34:22,160
Speaker 4: to it. Or you know, I've been looking in but

754
00:34:22,160 --> 00:34:22,840
Speaker 4: I haven't found.

755
00:34:23,239 --> 00:34:23,399
Speaker 2: Uh.

756
00:34:23,480 --> 00:34:25,520
Speaker 4: This is a lot of different reasons, but now is

757
00:34:25,560 --> 00:34:28,080
Speaker 4: the time. The time is now. You can't start over,

758
00:34:28,080 --> 00:34:29,000
Speaker 4: but you can start right now.

759
00:34:29,040 --> 00:34:30,879
Speaker 2: And that's why we call it the Maggie Plan. It's

760
00:34:30,920 --> 00:34:34,080
Speaker 2: simple and easy to understand, and it's even easy if

761
00:34:34,080 --> 00:34:36,560
Speaker 2: we put the puzzle together for you. So eight three

762
00:34:36,560 --> 00:34:39,040
Speaker 2: to three Maggie tax. This is on you, folks, It's

763
00:34:39,040 --> 00:34:40,799
Speaker 2: on you. All you got to do is pick up

764
00:34:40,800 --> 00:34:42,960
Speaker 2: the phone, call, spend some time, make an hour and

765
00:34:42,960 --> 00:34:45,200
Speaker 2: appointment with us. Let's go over the problems that you have.

766
00:34:45,560 --> 00:34:48,080
Speaker 2: And like I said before, what keeps you up at night?

767
00:34:48,480 --> 00:34:49,120
Speaker 2: Is it a state?

768
00:34:49,200 --> 00:34:49,640
Speaker 3: Planning?

769
00:34:50,000 --> 00:34:51,440
Speaker 2: Uh, is it have you had? Do you have it

770
00:34:51,480 --> 00:34:53,680
Speaker 2: in order? Do you have a will or trust? Is

771
00:34:53,719 --> 00:34:57,000
Speaker 2: it correct? Do you have a beneficiaryform? Is it correct?

772
00:34:57,040 --> 00:34:59,759
Speaker 2: Is it updated? We talk about the risk of you know,

773
00:35:00,040 --> 00:35:02,920
Speaker 2: maybe sometimes I think people get the wrong advice, Chris,

774
00:35:02,920 --> 00:35:04,799
Speaker 2: and I understand that. You know, they go to one

775
00:35:04,840 --> 00:35:07,120
Speaker 2: advisor and they get another one. But you know, many

776
00:35:07,160 --> 00:35:12,200
Speaker 2: people work with separate professionals, maybe a CPA, a financial advisor,

777
00:35:12,239 --> 00:35:15,239
Speaker 2: and then a state planning attorney, and if they're not communicating,

778
00:35:15,280 --> 00:35:18,840
Speaker 2: which I mentioned before, critical details get missed. And Chris,

779
00:35:18,880 --> 00:35:21,600
Speaker 2: we've talked about this where we have a tax client

780
00:35:22,360 --> 00:35:25,400
Speaker 2: done the tax return and it was done incorrectly, and

781
00:35:25,440 --> 00:35:27,560
Speaker 2: then they go to a CPA and the CPA.

782
00:35:27,160 --> 00:35:30,600
Speaker 3: Gives some different advice. Wow, how I mean it's confusing.

783
00:35:30,680 --> 00:35:33,040
Speaker 4: So you're talking about like fragmented advice, all right? Is

784
00:35:33,040 --> 00:35:35,120
Speaker 4: that we're talking about the risk of that. And many

785
00:35:35,160 --> 00:35:38,080
Speaker 4: people work with separate professionals, as you just mentioned, they're

786
00:35:38,080 --> 00:35:41,960
Speaker 4: not communicating together. For you, critical details get missed, leading

787
00:35:41,960 --> 00:35:47,600
Speaker 4: into tax inefficiencies, probate surprises, even lost opportunities, poor tax decisions,

788
00:35:48,000 --> 00:35:51,960
Speaker 4: outdated beneficiary designation. So what is a complete advisor? What

789
00:35:52,000 --> 00:35:52,560
Speaker 4: do they do.

790
00:35:53,000 --> 00:35:54,320
Speaker 3: They do complete planning.

791
00:35:54,520 --> 00:35:58,080
Speaker 2: They do everything from tax planning, from income planning, from

792
00:35:58,080 --> 00:36:01,320
Speaker 2: an investment planning, from a state planning to wills and trust.

793
00:36:01,480 --> 00:36:04,040
Speaker 3: Even took kids for the for college.

794
00:36:04,080 --> 00:36:06,799
Speaker 4: That's orry. They build strategies that work together. That's not

795
00:36:06,880 --> 00:36:09,719
Speaker 4: in isolation exactly. And if you don't have a strategy,

796
00:36:09,800 --> 00:36:11,359
Speaker 4: you're not gonna win. Here's another thing.

797
00:36:11,400 --> 00:36:13,080
Speaker 2: If you don't have a plan, or if you're going

798
00:36:13,120 --> 00:36:15,280
Speaker 2: to be traveling and you don't have a roadmap where.

799
00:36:15,200 --> 00:36:17,200
Speaker 3: Youre going to go, it doesn't make sense exactly.

800
00:36:17,239 --> 00:36:19,200
Speaker 4: And it leads us to an example that I'm talking

801
00:36:19,200 --> 00:36:21,040
Speaker 4: about here. We had a client that had a great

802
00:36:21,080 --> 00:36:23,239
Speaker 4: investment plan when they first met with us, but guess what,

803
00:36:23,560 --> 00:36:26,719
Speaker 4: there was no estate strategy. Their assets were tied up

804
00:36:26,760 --> 00:36:28,920
Speaker 4: in probate for over a year. And we went through

805
00:36:28,920 --> 00:36:30,399
Speaker 4: this with the client and we said, oh my gosh,

806
00:36:30,480 --> 00:36:32,200
Speaker 4: I wish we would have got to you sooner to

807
00:36:32,200 --> 00:36:35,800
Speaker 4: help you avoid all this. So don't settle for fragmented advice.

808
00:36:36,120 --> 00:36:38,520
Speaker 4: Call us today a three to three mag attacks meet

809
00:36:38,560 --> 00:36:42,000
Speaker 4: with a complete advisor who sees the whole picture.

810
00:36:42,520 --> 00:36:45,600
Speaker 2: I mean, it's simple to talk about, but it's a

811
00:36:45,640 --> 00:36:49,120
Speaker 2: confusing issue for everybody, And if you've ever felt like

812
00:36:49,160 --> 00:36:53,880
Speaker 2: your financial life is scattered across spreadsheets, statements, and separate advisors,

813
00:36:53,920 --> 00:36:56,160
Speaker 2: and we have clients come in with statements they've never

814
00:36:56,200 --> 00:36:57,160
Speaker 2: opened over there.

815
00:36:57,400 --> 00:36:58,160
Speaker 3: So think about this.

816
00:36:58,400 --> 00:37:01,960
Speaker 2: You spent your life working hard, saving wisely, and planning carefully,

817
00:37:02,560 --> 00:37:05,800
Speaker 2: but without someone who sees the full picture your taxes,

818
00:37:05,840 --> 00:37:09,160
Speaker 2: your investments, your income, and your legacy, your plan could

819
00:37:09,160 --> 00:37:13,280
Speaker 2: be missing the most important piece. A complete advisor doesn't

820
00:37:13,320 --> 00:37:15,920
Speaker 2: just help you grow your wealth, they help you protect it,

821
00:37:16,040 --> 00:37:17,799
Speaker 2: preserve it, and pass it.

822
00:37:17,760 --> 00:37:18,960
Speaker 3: On with purpose.

823
00:37:19,719 --> 00:37:21,680
Speaker 2: You have to have a purpose with what you're doing.

824
00:37:22,280 --> 00:37:25,200
Speaker 2: This isn't about having more meetings, it's about having the

825
00:37:25,280 --> 00:37:25,840
Speaker 2: right one.

826
00:37:25,960 --> 00:37:27,120
Speaker 3: If you've ever felt.

827
00:37:26,800 --> 00:37:31,319
Speaker 2: Like your financial life is scattered across spreadsheets, statements, and

828
00:37:31,360 --> 00:37:34,600
Speaker 2: separate advisors, it's time to bring it all together.

829
00:37:34,960 --> 00:37:35,720
Speaker 3: Call us today.

830
00:37:36,160 --> 00:37:38,920
Speaker 2: Sit down with a team that understands every layer of

831
00:37:38,960 --> 00:37:42,239
Speaker 2: your financial future. Because peace of mind doesn't come from

832
00:37:42,680 --> 00:37:43,879
Speaker 2: hoping it all works out.

833
00:37:43,920 --> 00:37:46,560
Speaker 3: That is not a plan. It comes from knowing it will.

834
00:37:47,040 --> 00:37:51,359
Speaker 2: That's the Maggie Plan, simple and easy to understand, tax plan,

835
00:37:51,560 --> 00:37:55,280
Speaker 2: income planning, estate planning, all types of planning. And let's

836
00:37:55,280 --> 00:38:00,000
Speaker 2: complete your plan and it starts with one powerful conversation

837
00:38:00,640 --> 00:38:02,040
Speaker 2: eight three to three Maggie Tex.

838
00:38:02,080 --> 00:38:04,759
Speaker 1: Thank you for listening to Maggie Tax and Financial Show

839
00:38:04,840 --> 00:38:08,600
Speaker 1: with Robert and Chris Maggie of Maggie Tax Wealth Advisors.

840
00:38:08,680 --> 00:38:12,000
Speaker 1: Listen here five to six pm every Saturday and from

841
00:38:12,000 --> 00:38:15,200
Speaker 1: eleven am till noon every Sunday, or anytime on the

842
00:38:15,239 --> 00:38:18,760
Speaker 1: free iHeartRadio app. And remember you can pay less tax

843
00:38:18,920 --> 00:38:22,759
Speaker 1: with Maggie Tax Program. Content provided by Maggie Tax Wealth

844
00:38:22,800 --> 00:38:26,160
Speaker 1: and Advisors. Call them at eight three three Maggie Tax,

845
00:38:26,360 --> 00:38:27,839
Speaker 1: or visit them online at