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

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

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

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

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

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

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

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

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

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

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

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

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Speaker 2: Welcome to the Maggie Tax at Wealth Advisor Show, the

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Speaker 2: place where your retirement stops being something you worry about

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Speaker 2: and starts becoming something you take control of. Today's episode

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Speaker 2: is built around the four questions that shape every financial future,

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Speaker 2: which we're going to talk about, and by the end

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Speaker 2: of the show, you're going to have a clear path forward.

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Speaker 3: Than most people ever get. My name is Robert Maggie.

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Speaker 2: I'm here with my son Chris Maggie, co host of

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Speaker 2: The Maggie Tax and Financial Show. Be sure to visit

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Speaker 2: our website Maggie Tax dot com and also tune in

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Speaker 2: every Sunday at ten thirty rather I wish it was

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Speaker 2: nine thirty, but ten thirty for the Maggie Tax and

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Speaker 2: Financial Show. A lot of interesting topics we talk about,

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Speaker 2: and today is going to be quite a few of them.

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Speaker 3: So Chris, let's get started. That's it.

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Speaker 4: Welcome everyone. I am Chris Maggie and I'm so grateful

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Speaker 4: to be here.

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Speaker 3: You know Eason.

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Speaker 4: Every day we talk about a lot of things with

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Speaker 4: our clients, and clients come to us because they want

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Speaker 4: tax preparation done, tax planning, ways to reduce their their taxes,

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Speaker 4: roth conversions, they want their accounts managed, they want investment ideas.

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Speaker 4: They want to make sure that they have proper beneficiary

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Speaker 4: designation on all their accounts. They want to make sure

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Speaker 4: that everything stays in the family. So there's a lot

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Speaker 4: of different things that we do, income planning, tax planning,

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Speaker 4: investment planning, and that's why we are here. So visit

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Speaker 4: our website at Maggie tax dot com. There's so much

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Speaker 4: information to discuss because it's your retirement, it's your future,

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Speaker 4: and we can help you. Just pick out the phone,

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

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Speaker 4: So my dad mentioned we're going to talk about four

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Speaker 4: questions today that shape every financial future. And first we're

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Speaker 4: tackling the foundation of people come to us and say

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Speaker 4: I don't want to lose what I've worked for. How

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Speaker 4: many people are in that boat. Well, we'll show you

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Speaker 4: how to protect your savings in a world where the

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Speaker 4: market can change in an instant. We've all seen up

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Speaker 4: and downs, but there are ways to reduce your taxes. Also,

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Speaker 4: there are ways where you don't have to lose if

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Speaker 4: the market goes down. Then we'll move into the reality check.

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Speaker 4: A lot of people say, well I can't afford a

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Speaker 4: big drop now, Well, if that's you, you're not alone.

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Speaker 4: If you're close to retirement or already in it, this

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Speaker 4: segment is going to open your eyes to the risk

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Speaker 4: that you may not even realize that you're currently carrying.

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Speaker 4: So not just those two things, we're also going to

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Speaker 4: talk about what to shift into the strategy, how do

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Speaker 4: I balance growth and protection at the same time, Because

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Speaker 4: retirement isn't about choosing one or the other. It's about

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Speaker 4: building a plan that gives you. So those are there

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Speaker 4: our first three segments throughout today, and then we're going

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Speaker 4: to finally, we're going to take the question everyone thinks

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Speaker 4: about but really says out loud, do I have enough

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Speaker 4: to retire? If you're thinking in that line, well you're

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Speaker 4: not alone. You know, many people are a lot of

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Speaker 4: wealthy people are worried about outliving their money. So do

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Speaker 4: I have enough to retire? So this is where the

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Speaker 4: clarity replaces guesswork, and this is where you start to

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Speaker 4: understand what enough really means for your retirement.

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Speaker 2: So if you're already to protect that what you've built,

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Speaker 2: strengthen your plan possibly, and move into retirement with confidence

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Speaker 2: instead of uncertainty, then you're exactly the right place. So

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Speaker 2: let's dive in the first segment, Will my money last?

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Speaker 2: That's a big question that we get every single day

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Speaker 2: because maybe you don't have an income stream to or

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Speaker 2: income sources to make that happen. So let's start with

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Speaker 2: the question that makes every listener sit up a little straighter.

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Speaker 2: So here it is, what if you live longer than

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Speaker 2: your money does? Have you thought about that? It's the

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Speaker 2: number one fear that we hear at Maggie Tacks and

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Speaker 2: wealth advisors every day, and most people don't realize they're

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Speaker 2: guessing their way through retirement.

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Speaker 3: And we're going to talk about that.

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Speaker 2: So what it really takes to build income that lasts twenty,

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Speaker 2: thirty or even forty years, and why hoping for the

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Speaker 2: best isn't a strategy. If you've ever wondered whether your

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Speaker 2: savings can truly go the distance, stay right here because

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Speaker 2: this is where clarity begins and where your retirement competence

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Speaker 2: starts to take shape.

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Speaker 3: And here's what we're diving into.

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Speaker 2: Understand the true life span of your money, backed by

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Speaker 2: real analysis and assumptions. Most retire release rely on rough estimates,

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Speaker 2: outdated rules, or online calculations that ignore the real variables

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Speaker 2: affecting their future. This we see every day, so we

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Speaker 2: run a full longevity analysis that factors in inflation, taxes,

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Speaker 2: market volatility, health care costs, and your actual spending patterns.

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Speaker 2: When people see the real projection of how long their

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Speaker 2: money can last, it's often the first time they've had

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Speaker 2: a clear honest picture of their financial future. And Chris,

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Speaker 2: every client that we speak to, we always ask them

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Speaker 2: the question how long do you want your money to

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Speaker 2: last and how much income do you have, because that

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Speaker 2: is what is going to give us the structure.

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Speaker 4: Well that's it, and a lot of people don't realize

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Speaker 4: how to put this together. And we provide you with

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Speaker 4: like a budget sheet, We go over that with you.

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Speaker 4: We talk about your income sources. What's coming in now,

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Speaker 4: what's discretionary mean, what's left over each and every month.

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Speaker 4: Maybe you have a positive discretionary amount or maybe you're

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Speaker 4: in the negative right who knows. Maybe need more income streams.

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Speaker 4: That's what we need to talk about. So what's coming

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Speaker 4: in and we talk about inflation, We look at that,

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Speaker 4: We look at the taxes which is a big expense,

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Speaker 4: the market volatility, and also healthcare costs. Many people want

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Speaker 4: to retire early, but guess what, they can't because they

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Speaker 4: don't have the health insurance with the company if they

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Speaker 4: retire earlier prior to age sixty five, because that's what

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Speaker 4: medicare kicks in. So there's a lot of factors that

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Speaker 4: go into play. And understand the true life span of

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Speaker 4: your money back by the real analysis, not just about assumption.

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Speaker 4: So that's a great point and when people come in,

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Speaker 4: we're going to help you determine what that looks like.

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Speaker 4: So pick of the phone, schedule time to meet with us.

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Speaker 4: Eight three three, Maggie tax. If you're worried about how

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Speaker 4: long your money's going to last, schedule a time to

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Speaker 4: meet with us. We have office on both sides of

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Speaker 4: the day.

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Speaker 1: Yeah.

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Speaker 2: And you know, Chris, it's funny because most people don't

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Speaker 2: think that way because they only think about what I'm

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Speaker 2: going to talk about next. But build a retirement income

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Speaker 2: stream designed to last as long as you do. So

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Speaker 2: basically you have to ask yourself, like Chris and I do,

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Speaker 2: how much do you need per month? And start there

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Speaker 2: and if you're not making it, then guess what you

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Speaker 2: have some planning to do, because retirement isn't about how

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Speaker 2: much you've saved, it's about how effectively you can turn

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Speaker 2: those savings into dependable income. Like if an emergency happens,

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Speaker 2: do you have enough money? We show you how to

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Speaker 2: create a structured and that's a keyword, structured retirement paycheck.

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Speaker 2: Chris talks about paychecks and playchecks, but that continues. It

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Speaker 2: has to continue for twenty thirty, even forty years. And

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Speaker 2: this approach helps protect you from market swings and it

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Speaker 2: sures your lifestyle isn't dictated by uncertainty. And my goodness,

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Speaker 2: we all know about that. It's long term income planning

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Speaker 2: built for real life.

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Speaker 4: And that's just about it. You know, many people don't

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Speaker 4: have an income stream. They don't know what the income

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Speaker 4: streams are going to be in retirement. That's where we

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Speaker 4: come in income planning. Income planning. I mean, I keep

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Speaker 4: saying it, but most people just worried about growing your money.

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Speaker 4: What about the income plan the distribution phase of your life. Well,

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Speaker 4: we can help you, and you want to unlock the

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Speaker 4: hidden income opportunities that you didn't really know you had.

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Speaker 4: Most people don't realize how much money they lose simply

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Speaker 4: by just choosing the wrong social security strategy. We run

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Speaker 4: a Social Security maximization report. So if you have questions

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Speaker 4: about when do I take SOLI security? Should I take

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Speaker 4: it early? Should I take it later? What about the

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Speaker 4: earnings test? A lot of people don't understand. If you

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Speaker 4: take Social Security before your FRA called full retirement age,

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Speaker 4: guess what, and you make more than a certain amount,

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Speaker 4: you're subject to the earnings test. Every two dollars you

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Speaker 4: make got to give a dollar back. So don't mess

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Speaker 4: up that strategy. That's why we can help you. So

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Speaker 4: if you're thinking about when to take sold security, pick

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Speaker 4: up the phone. Schedule time. It's so important to meet

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Speaker 4: with us. Also, what about your pension options. Should you

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Speaker 4: take a lump, should you take the payment that they

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Speaker 4: give you, or should you roll over your money and

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Speaker 4: create your own family pension. We can show you how

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Speaker 4: to do that. What about the withdrawal order? Where to

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Speaker 4: take the money from? What buckets of money do you

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Speaker 4: take money from? These decisions cannot be undone and they

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Speaker 4: cost you thousands over time. So we uncover opportunities you

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Speaker 4: may not know exist, from optimizing your Social security timing

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Speaker 4: to tax efficient income sequencing. That's so important helping you

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Speaker 4: keep more of what you've worked so hard for. So

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

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Speaker 4: eight three to three Magi Tax. If you're wried about

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Speaker 4: how long your money's going to live outlast you, if

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Speaker 4: it's going to and guess what, schedule time to meet

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

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Speaker 3: Then I can make it really easy for all of you.

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Speaker 3: It's called the Maggie Plan.

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Speaker 2: It's simple and easy to understand, and that's what we

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Speaker 2: try to do with everyone and for many of you

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Speaker 2: that have met with my son and I and my staff,

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Speaker 2: we make it simple and easy to understand. So get

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Speaker 2: your personalized longevity and income plan and don't be afraid

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Speaker 2: to ask questions of out, well, where am I going

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Speaker 2: to get the income from? Can you help me figure

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Speaker 2: out how much income I'm going to get? Because this

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Speaker 2: is a complementary. This is complementary for the next callers.

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Speaker 2: So wherever you are, give us a call. Eight three

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Speaker 2: to three Maggie tax mention, this show mention, this top

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Speaker 2: topic about income planning, and.

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Speaker 3: Let's do it for you. Let's get it right.

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Speaker 2: This isn't a generic print out, It's not that way

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Speaker 2: for everybody, every single one of you listening, there's a

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Speaker 2: different plan. It's customized, data driven plan that shows exactly

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Speaker 2: how long that your money's going to last and how

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Speaker 2: to structure your income, which is the most important thing,

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Speaker 2: and where your biggest opportunities and risks are. How many

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Speaker 2: of you have taken a look at your risk because

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Speaker 2: maybe the risk has a lot to do with your income.

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Speaker 2: So for the next callers, this plan is complementary, completely complementary,

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Speaker 2: and for many it becomes a turning point where uncertainty

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Speaker 2: is replaced with clarity and confidence. And Chris, that's what

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Speaker 2: they need to do. They got to get some clarity

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Speaker 2: and some confidence.

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Speaker 4: Well, let's just say it. I mean you need to

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Speaker 4: go in retirement. This is this is your distribution phase.

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Speaker 4: Many people who are currently in the accumulation phase. But

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Speaker 4: what about the distribution phase? What do you take your money?

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Speaker 4: And that is how you turn uncertainty into confidence. You

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Speaker 4: meet with us. When you know your money can last,

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Speaker 4: everything about retirement feels lighter. If you want that same clarity,

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Speaker 4: this is the perfect time to take action. Now, give

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Speaker 4: us a call at Maggie Tax and Wealth Advisors call

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Speaker 4: eight three to three Maggie Tax, or visit us online

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Speaker 4: at Maggie Tax dot com and schedule a time to meet.

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Speaker 3: Visit our website.

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Speaker 4: Also, tune into our show every Sunday on ABCTV for

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Speaker 4: the Maggie Tax and Financial Show at ten thirty am

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Speaker 4: on ABC. Stay tuned with us because next we're uncovering

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Speaker 4: the tax surprises that catch retirees off guard. You don't

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Speaker 4: want to miss this.

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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 and

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Speaker 4: thanks for tuning in. And last segment, we were talking

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Speaker 4: about uncovering the tax surprises that catch retirees off guard.

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Speaker 4: And you definitely don't want to miss this because the

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Speaker 4: retirement tax trap, how taxes change after you stop working.

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Speaker 4: You know, this topic can quietly take a big bite

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Speaker 4: out of your retirement if you don't plan for it.

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Speaker 4: And many people out there don't plan. They've actually failed

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Speaker 4: to plan. You know, most people think taxes get easier

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Speaker 4: in retirement. Well the truth is that they often get worse.

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Speaker 4: How many people out there that let's talk about this

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Speaker 4: that we do we hear say, well, my advisor in

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Speaker 4: the past said just pay you know in the future

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Speaker 4: you're going to pay less than taxes, So get the

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Speaker 4: tax deduction today. But in the future it's going to

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Speaker 4: get get better. Well, it's not the case. At Maggie

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Speaker 4: Tax Advisor and Wealth Advisors. We call it the retirement

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Speaker 4: tax trap, and it can drain your savings if you

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Speaker 4: don't see it coming. So security taxes, medicare premiums jump,

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Speaker 4: and requirementium distributions can push you into higher brackets fast

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Speaker 4: once the paycheck stops.

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Speaker 2: Heads up, baby, that's what's coming, you know. So we

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Speaker 2: laugh at it, but it's not funny because there's a

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Speaker 2: lot there. When we talk to you, we talk about

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Speaker 2: all that. So if you want to keep more of

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Speaker 2: your money and give less to the irs, right here,

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Speaker 2: let's here's what to watch for and what to do next,

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Speaker 2: because there's so much. I'm even tongue tied when I

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Speaker 2: talk about it. Because taxes don't disappear in retirement. They

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Speaker 2: simply show up in new ways, and we'll talk about that.

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Speaker 2: Many people are surprised to learn that retirement comes with

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Speaker 2: its own set of tax rules, because.

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Speaker 3: The older you get, the more taxes change. And you

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Speaker 3: know it, it's written in pencil.

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Speaker 4: Well, everything they say is permanent, but it's really not

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Speaker 4: permanent until the tax law change exactly.

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Speaker 2: So without work related deductions and with new income sources

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Speaker 2: like social Security, with withdrawals, your tax picture can shift

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Speaker 2: in ways you didn't expect. Every time we do taxes,

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Speaker 2: like we're doing tax returns now, when you show the

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Speaker 2: tax return at the end, it's like, well, I didn't

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Speaker 2: see that coming because basically you don't look at taxes

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Speaker 2: like we do all year round on everybody's tax return. Chris, So,

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Speaker 2: understanding these changes early helps you stay in control and

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Speaker 2: avoid surprises down the road.

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Speaker 3: Well, that's just it.

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Speaker 4: You know, many people don't think about taxes and then

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Speaker 4: in the retirement tax trap, but what about required minium

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Speaker 4: distributions and how they can create extra taxes. We member

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Speaker 4: the client this past week. He's seventy three years old,

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Speaker 4: and guess what he has to take? The required minimum distribution?

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Speaker 4: And he says, well, how do I calculate this? And

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Speaker 4: he had no idea. So we showed him and said

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Speaker 4: this is what you have to take. And he had

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Speaker 4: a substantial amount in his IRA and he has to

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Speaker 4: take over one hundred and eighty thousand dollars of URMD.

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Speaker 4: He said, I don't need this money. Well, you've saved

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Speaker 4: so well, like, guess what now you got to pay taxes,

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Speaker 4: Uncle say is coming, so you're going to pay a

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Speaker 4: lot in tax. They're going to create tax unless you

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Speaker 4: plan ahead. So once you reach that age of seventy three,

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Speaker 4: the IRS requires you to start taking money out of

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Speaker 4: your retirement accounts like ires four three b's TSPs, and

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Speaker 4: these withdrawals can increase your taxable income and affect things

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Speaker 4: like the medicare premiums. Who've heard of IRMA IRMAA. Well,

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Speaker 4: the good news is that with the right planning, you

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Speaker 4: can prepare for rm ds long before they arrive and

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Speaker 4: you can keep more of your money working for you.

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Speaker 2: That's what it's about. And here's the problem, Chris, and

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Speaker 2: many of you can relate to this. Think about it.

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Speaker 2: Chris just talked about a seventy three year old. He

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Speaker 2: let his money grow tax deferred, he received a tax deduction,

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Speaker 2: which is fine. But now when he opens the door

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Speaker 2: at seventy three, he is slapped with a tax on

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Speaker 2: his rm ds and it's going to bring him into

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Speaker 2: a higher tax breck of Chrystal.

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Speaker 4: Well, the Social Security is getting taxes eighty five percent, yep,

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Speaker 4: and it just gets worse for him.

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Speaker 2: You know, Like we said, retirement taxes won't wait, they

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Speaker 2: warn you or fix themselves. And this is what people

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Speaker 2: kind of put their tax returns in the drawn say

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Speaker 2: I'm not gonna worry about it to seventy three. But

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Speaker 2: when you get closer, you know the real question is simple,

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Speaker 2: are you going to let the irs take more than

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Speaker 2: it should or take control now? And Chris, the biggest

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Speaker 2: question you ask all the time is when are you

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Speaker 2: going to pay the tax? And who's going to pay

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Speaker 2: the tax? And they sit back and look at Chris

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Speaker 2: and I and my staff here, and they go, I

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Speaker 2: never thought about that. Do I really have to pay

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Speaker 2: the tax?

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Speaker 3: Yeah? You do.

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Speaker 2: So doing nothing is still a decision, and it's a

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Speaker 2: bad decision, and it's the most expensive one retirees make.

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Speaker 2: So if you're thinking, I'm not giving up one extra dollar,

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Speaker 2: then it's time to act.

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Speaker 3: Maggie.

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Speaker 2: Tax and wealth advisors can help you build a tax

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Speaker 2: smart plan that protects what you've earned.

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Speaker 4: And that's why it's so important to pick up the phone,

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Speaker 4: schedule a time to meet with us, because we talked

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Speaker 4: about the retirement tax trap. If your advisor is just

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Speaker 4: managing the money, or you have an advisor for five

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Speaker 4: ten fifteen twenty years. Well, the question I quickly have

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Speaker 4: for you is are they talking about taxes? Because taxes

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Speaker 4: are our biggest expense. So what are you doing about it? Well,

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Speaker 4: you got to do some planning, and that's why at

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Speaker 4: Magatax Advisory and Wealth Planners, what we do here is

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Speaker 4: we help you in a lot of different ways. You know,

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Speaker 4: what about the way you take income matters. This smart

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Speaker 4: sequencing can help you keep more. So retirement income isn't

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Speaker 4: about how much you would draw, but where it comes from.

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Speaker 4: Choosing the right order, whether it's a Wroth IRA or

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Speaker 4: the traditional IRA, a brokege account, or even solid security

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Speaker 4: can make a meaningful difference in your tax bill. And

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Speaker 4: that's why we talk about distribution planning. We're experts in

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Speaker 4: distribution planning because a thoughtful strategy can help stretch your

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Speaker 4: savings further and give you more flexibility year after year.

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Speaker 2: So there are strategies available like Wroth conversions and tax

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Speaker 2: efficient income planning that can help you lower taxes over

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Speaker 2: the long term. And if you haven't looked at it,

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Speaker 2: now is the time.

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Speaker 3: These aren't loopholes, folks, they're smart, intentional moves that many

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Speaker 3: retires that we see every day simply don't know about

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Speaker 3: and acting early gives you more options and more control

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Speaker 3: over your financial future. And Chris is the point.

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Speaker 2: They don't want to sit down because I hate to

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Speaker 2: say this, but what's your fee?

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Speaker 3: Folks. There's no fee that's too cheap or too expensive

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Speaker 3: to help you save on taxes. I'll tell you what.

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Speaker 4: Like when people come in and they say, well, I'm

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Speaker 4: paying too much in taxes, well they might not be

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Speaker 4: paying enough or withholding enough. But again, what you don't

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Speaker 4: do today is gonna heck of a lot pay more

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Speaker 4: in the future. So why not get it done now.

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Speaker 4: So you get off the highway and you're in a

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Speaker 4: in a road that is clear for you. That's the problem.

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Speaker 4: Many people go down the same road where they're stuck.

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Speaker 4: They're going to be hit with all the branches falling

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Speaker 4: on the road. The cars are driving crazy. You don't

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Speaker 4: want you want to be away from that. And that's

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Speaker 4: why it's so simple just to pick up the phone,

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Speaker 4: schedule time to meet with us. We do complete planning here.

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Speaker 4: You know the retirement tax traps they're out there. They

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Speaker 4: don't have to be if you with the right advisor.

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Speaker 4: So pick up the phone, schedule time to meet with

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Speaker 4: us eight three three Maggie Tax. Visit our website at

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Speaker 4: Maggie Tax dot com. In retirement, taxes won't wait, They

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Speaker 4: won't warn you or even fix themselves. The real qui

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Speaker 4: question that we see simply is when are you going

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Speaker 4: to pay the tax? And are you going to let

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Speaker 4: the irs take more than it should or are you

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Speaker 4: going to take control? Now that's the question because doing

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Speaker 4: nothing is still a decision and it's the most expensive

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Speaker 4: one that retirees make. If you're not thinking about your retirement,

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Speaker 4: then it's time right now to act. Maggie Tax and

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Speaker 4: Wealth Advisors are going to help you build the tax

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Speaker 4: smart plan that protects what you've earned. This is your money.

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Speaker 4: Make sure you protected. Don't wait for a surprise bill.

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Speaker 4: Take control now, give us call eight three to three

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Speaker 4: Maggie Tax. That's 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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00:18:56,960 --> 00:19:00,200
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: you're host with Maggie Tax and Wealth advisors Robert and Chris.

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Speaker 3: Maggie. Welcome back.

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Speaker 2: And one thing I want to say is, don't wait

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Speaker 2: for a surprise tax bill. Take control now and give

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Speaker 2: us a call at eight three to three Maggie Tax.

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Speaker 2: Because just like every December thirty, first the ball drops

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Speaker 2: in times square, But what about the big drop in

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Speaker 2: the market or taxes? Are you celebrating that too, So

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Speaker 2: don't let that happen to you. So the thing is,

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Speaker 2: I can't afford a big drop now protecting savings from

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Speaker 2: market volatility?

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Speaker 3: How are you doing that? Are you talking to the

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Speaker 3: right people?

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Speaker 2: So let's shift gears for a minute, because if you're

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Speaker 2: within ten years of retiremental already retired, you probably said

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Speaker 2: this at least once. I can't afford a big drop.

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Speaker 2: Now nobody can really. I don't care what time if

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Speaker 2: it is, And you're right. When you're working, market dips

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Speaker 2: are annoying. When you're retired, they can be devastating. Why

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Speaker 2: because you're withdrawing money at the same time your account

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Speaker 2: is falling. Chris talked about that before that's called sequence

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Speaker 2: of return risk, and it can drain a portfolio shockingly fast.

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Speaker 2: So you don't look at that, you don't see this.

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Speaker 2: So in this segment, we're going to explore how to

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Speaker 2: reduce exposure to big swings, Why set it and forget

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Speaker 2: it doesn't work in retirement, and how to build a

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Speaker 2: plan that protects your lifestyle even when the market missaves

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Speaker 2: and volatility is normal, so losing sleep over it doesn't have.

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Speaker 3: To be well.

435
00:20:27,480 --> 00:20:30,320
Speaker 4: As I said, So if you're thinking out there, what

436
00:20:30,440 --> 00:20:33,879
Speaker 4: happens if a big drop happens, and what are you

437
00:20:33,920 --> 00:20:35,600
Speaker 4: going to do about it? Are you going to react

438
00:20:35,680 --> 00:20:37,520
Speaker 4: or are you going to put yourself in position to

439
00:20:38,320 --> 00:20:42,080
Speaker 4: ready have control and flexibility. That's what we're talking about today.

440
00:20:42,400 --> 00:20:44,600
Speaker 4: So if you're out there and you don't have a plan,

441
00:20:45,040 --> 00:20:47,800
Speaker 4: think about your investments. Do they have a purpose or

442
00:20:48,240 --> 00:20:50,080
Speaker 4: what kind of risk are you taking with your money?

443
00:20:50,359 --> 00:20:51,720
Speaker 4: You know, many people come in and we do a

444
00:20:52,400 --> 00:20:57,720
Speaker 4: risk assessment and sometimes we see people taking an aggressive stance.

445
00:20:57,720 --> 00:20:59,880
Speaker 4: Think of it this way. ABC D and E as

446
00:21:00,119 --> 00:21:02,960
Speaker 4: very conservative. He's very aggressive, so he's in the middle.

447
00:21:03,400 --> 00:21:06,480
Speaker 4: Some people are taking a d type of risk. When

448
00:21:06,560 --> 00:21:09,240
Speaker 4: we start asking them questions they might want to be

449
00:21:09,280 --> 00:21:12,520
Speaker 4: in a Bee portfolio, so it might be vice versa.

450
00:21:12,680 --> 00:21:15,400
Speaker 4: So where are you do? You know? And maybe five

451
00:21:15,480 --> 00:21:18,200
Speaker 4: years ago you did something like this, but what about today?

452
00:21:18,520 --> 00:21:21,320
Speaker 4: Things might have changed. So that's why it's so important

453
00:21:21,320 --> 00:21:23,679
Speaker 4: to meet with us because we can educate you on

454
00:21:23,720 --> 00:21:26,119
Speaker 4: what you currently have and then moving forward, we put

455
00:21:26,160 --> 00:21:28,160
Speaker 4: together a plan where you have an investment plan.

456
00:21:28,320 --> 00:21:30,439
Speaker 2: Well, you said something five years ago, it may have

457
00:21:30,440 --> 00:21:32,760
Speaker 2: been okay. And that's the problem I think that many

458
00:21:33,040 --> 00:21:36,479
Speaker 2: people don't do. They don't check their risk analysis and

459
00:21:36,520 --> 00:21:38,199
Speaker 2: how it changed. And every time we talk to our

460
00:21:38,240 --> 00:21:41,560
Speaker 2: clients five years, ten years or whatever, we're always doing

461
00:21:41,560 --> 00:21:44,080
Speaker 2: a risk analysis because it could change. And don't you

462
00:21:44,119 --> 00:21:45,879
Speaker 2: think that's important to a lot of people. I do,

463
00:21:45,960 --> 00:21:48,960
Speaker 2: because your life style changes. Even in retirement, you can

464
00:21:49,080 --> 00:21:51,879
Speaker 2: invest like you're a twenty six year old if you

465
00:21:52,359 --> 00:21:55,639
Speaker 2: invest the right way with the buckets. That's why bucket

466
00:21:55,680 --> 00:21:57,600
Speaker 2: planning is so important. Do you put all your money

467
00:21:57,640 --> 00:22:00,160
Speaker 2: and invested like a twenty six year old? No, there's

468
00:22:00,200 --> 00:22:02,720
Speaker 2: nothing wrong with taking that risk with some of your

469
00:22:02,760 --> 00:22:05,600
Speaker 2: money if you put together a bucket plan. And my

470
00:22:05,680 --> 00:22:07,679
Speaker 2: question to you out there listening today, do you have

471
00:22:07,720 --> 00:22:09,679
Speaker 2: a bucket plan. Do you have a strategy, Do you

472
00:22:09,680 --> 00:22:12,080
Speaker 2: have an investment plan? Because most people out there just

473
00:22:12,119 --> 00:22:14,840
Speaker 2: have piles of money. They got a statement here, they

474
00:22:14,880 --> 00:22:17,960
Speaker 2: have a brokerage account there, they got an investment over here. Meanwhile,

475
00:22:18,080 --> 00:22:19,960
Speaker 2: do you know if it's taxable? Do you know if

476
00:22:19,960 --> 00:22:22,800
Speaker 2: it's tax free? Do you know if you take it

477
00:22:22,840 --> 00:22:25,080
Speaker 2: there will be gains on that portfolio? Do you know

478
00:22:25,880 --> 00:22:28,040
Speaker 2: do you know what type of risk you're currently taking? Well,

479
00:22:28,080 --> 00:22:29,600
Speaker 2: these are things that we talk about each and every

480
00:22:29,680 --> 00:22:31,840
Speaker 2: day and you need to know. That's why with together

481
00:22:31,880 --> 00:22:34,080
Speaker 2: a balance sheet for you will educate you, will show

482
00:22:34,080 --> 00:22:35,280
Speaker 2: you when you come in and meet with us. So

483
00:22:35,320 --> 00:22:37,960
Speaker 2: eight three to three maggie tax. Schedule time to meet

484
00:22:37,960 --> 00:22:39,840
Speaker 2: with us. We have office on both sides of the

485
00:22:39,880 --> 00:22:41,920
Speaker 2: bay to help you. Eight three to three maggie Tax.

486
00:22:42,119 --> 00:22:46,320
Speaker 2: And volatility becomes more dangerous once you start with drawing money,

487
00:22:46,359 --> 00:22:48,960
Speaker 2: even if the market eventually recovers, because you don't know

488
00:22:48,960 --> 00:22:52,359
Speaker 2: if it's going to recover. Most people don't realize that

489
00:22:52,440 --> 00:22:55,439
Speaker 2: taking income during a downturn lock in their losses in

490
00:22:55,480 --> 00:22:58,120
Speaker 2: a way that's hard to bounce back from. And it's

491
00:22:58,160 --> 00:23:00,439
Speaker 2: always you know, well it's gone down, but it's going

492
00:23:00,480 --> 00:23:02,840
Speaker 2: to come back and we've all heard the market's doing great,

493
00:23:03,080 --> 00:23:04,679
Speaker 2: but maybe you should take a look at them when

494
00:23:04,680 --> 00:23:06,919
Speaker 2: the market is doing great, okay, and start, you know,

495
00:23:06,960 --> 00:23:10,720
Speaker 2: having a review. This is called sequence of returns, and

496
00:23:10,760 --> 00:23:13,920
Speaker 2: it's one of the biggest threats Chris, to retirement security

497
00:23:13,920 --> 00:23:16,560
Speaker 2: that we see. The market might recover, you know, but

498
00:23:16,640 --> 00:23:20,200
Speaker 2: your portfolio may not. Knowing how to manage the risk

499
00:23:20,280 --> 00:23:23,119
Speaker 2: can make the difference between a confident retirement and a

500
00:23:23,119 --> 00:23:25,399
Speaker 2: stressful one. And again, if you're not meeting with your

501
00:23:25,440 --> 00:23:28,080
Speaker 2: advisor and you're not meeting with them to go over.

502
00:23:27,920 --> 00:23:30,239
Speaker 3: This, we are. So pick up the phone, give us

503
00:23:30,240 --> 00:23:33,159
Speaker 3: a call eight three to three Maggie techs. Let us

504
00:23:33,280 --> 00:23:37,040
Speaker 3: do a risk analysis, a tax analysis, an income analysis,

505
00:23:37,080 --> 00:23:39,440
Speaker 3: and it goes on and on, because Chris, they need

506
00:23:39,480 --> 00:23:41,400
Speaker 3: peace of mind, they need some security, and they need

507
00:23:41,400 --> 00:23:42,439
Speaker 3: some guarantees with it.

508
00:23:42,560 --> 00:23:45,800
Speaker 4: Well, the worst fear is that you're cruising along in retirement.

509
00:23:45,960 --> 00:23:48,880
Speaker 4: You know, just picture this right. You got your pension,

510
00:23:48,920 --> 00:23:51,399
Speaker 4: you got soial security coming in, you got income coming in,

511
00:23:51,520 --> 00:23:54,320
Speaker 4: you're taking income from investments, and you think everything is

512
00:23:54,359 --> 00:23:57,560
Speaker 4: on cruise control. And then guess what something happens, whether

513
00:23:57,600 --> 00:24:01,120
Speaker 4: it's war, whether it's a threat, whether it's a big

514
00:24:01,160 --> 00:24:04,120
Speaker 4: market volatility drop, whatever it is, we've all been through.

515
00:24:04,600 --> 00:24:08,199
Speaker 4: We've seen the past years on what has transpired. But

516
00:24:08,240 --> 00:24:11,159
Speaker 4: what if the market goes down fifteen, twenty, thirty forty percent?

517
00:24:11,240 --> 00:24:14,840
Speaker 3: What do you do think about that? Your lifestyle changes.

518
00:24:14,880 --> 00:24:17,160
Speaker 4: People start hunking down and they say, well, I can't

519
00:24:17,160 --> 00:24:18,760
Speaker 4: spend any money. I can't do it because I'm going

520
00:24:18,800 --> 00:24:21,639
Speaker 4: to outlive my money. Because you have no investment plan.

521
00:24:22,160 --> 00:24:25,479
Speaker 4: You don't have a plan to stomach the losses and

522
00:24:25,520 --> 00:24:27,639
Speaker 4: also plans to make sure that you don't have to

523
00:24:27,680 --> 00:24:30,320
Speaker 4: stomach the loss if you don't want to. So every

524
00:24:30,359 --> 00:24:33,880
Speaker 4: portfolio is not the same. Your neighbor doesn't have to

525
00:24:33,920 --> 00:24:36,600
Speaker 4: invest the way you do. They don't know your situation.

526
00:24:37,040 --> 00:24:38,920
Speaker 4: And that's why we see so many advisors out there.

527
00:24:38,920 --> 00:24:41,919
Speaker 4: They have cookie cut or portfolios. And then what that

528
00:24:41,960 --> 00:24:44,199
Speaker 4: means is that it's the same for you as your neighbor,

529
00:24:44,480 --> 00:24:48,840
Speaker 4: as your family member, as your cousin, and it goes

530
00:24:48,880 --> 00:24:51,919
Speaker 4: on and on as your friend. That's not an investment plan.

531
00:24:52,080 --> 00:24:54,040
Speaker 4: You have to make sure that you have bucket planning

532
00:24:54,040 --> 00:24:57,400
Speaker 4: with safety, with some green money, some yellow money, maybe

533
00:24:57,400 --> 00:24:59,119
Speaker 4: even some red money. And that's why it's so important

534
00:24:59,160 --> 00:25:01,200
Speaker 4: to pick up the phone, edible time to meet with us.

535
00:25:01,680 --> 00:25:05,000
Speaker 4: Get an investment plan now eight three three Maggie tax.

536
00:25:05,040 --> 00:25:06,840
Speaker 4: That's eight three three Magi tax.

537
00:25:07,000 --> 00:25:08,920
Speaker 3: Chris is stealing my thunder. I have I have something

538
00:25:08,960 --> 00:25:09,920
Speaker 3: to say about that. Jump.

539
00:25:09,920 --> 00:25:14,480
Speaker 2: Then let's go out, because you don't have to choose

540
00:25:14,480 --> 00:25:17,639
Speaker 2: between what Chris mentioned before, growth and safety. You just

541
00:25:17,680 --> 00:25:19,800
Speaker 2: need the right balance. And one of the things that

542
00:25:19,840 --> 00:25:22,480
Speaker 2: we do is called the color of money. And let's

543
00:25:22,600 --> 00:25:23,639
Speaker 2: just give you something simple.

544
00:25:23,680 --> 00:25:26,320
Speaker 3: Say you're sixty years old, and this is just an

545
00:25:26,359 --> 00:25:29,200
Speaker 3: example to help you out. So sixty percent of your

546
00:25:29,200 --> 00:25:31,160
Speaker 3: money should be in risk or some type of risk,

547
00:25:31,520 --> 00:25:33,520
Speaker 3: and the other balance should be maybe.

548
00:25:33,320 --> 00:25:36,919
Speaker 2: In safe money. But as you get older, that should change.

549
00:25:36,960 --> 00:25:40,360
Speaker 2: That shift should change because protecting your saving doesn't mean

550
00:25:40,400 --> 00:25:41,240
Speaker 2: abandoning growth.

551
00:25:41,280 --> 00:25:41,960
Speaker 3: Am I right or wrong?

552
00:25:42,000 --> 00:25:43,600
Speaker 4: That's what I'm saying to you. Like, even if you're

553
00:25:43,920 --> 00:25:46,400
Speaker 4: seventy years old, doesn't mean you have to hunker down

554
00:25:46,440 --> 00:25:48,040
Speaker 4: and put all your money in safety. That's not what

555
00:25:48,040 --> 00:25:50,720
Speaker 4: we're saying. If your income is taken care of and

556
00:25:50,760 --> 00:25:53,600
Speaker 4: you're fine, you can invest your money like a forty

557
00:25:53,680 --> 00:25:57,240
Speaker 4: year old, right, But what if you depend on those

558
00:25:57,280 --> 00:25:59,440
Speaker 4: assets that you have and you need income from it.

559
00:26:00,800 --> 00:26:03,440
Speaker 4: The mindset shifts. You have to have a different investment

560
00:26:03,480 --> 00:26:06,640
Speaker 4: plan to make sure that you preserve your money. Maybe

561
00:26:06,680 --> 00:26:09,120
Speaker 4: there's strategies out there that you can create your own

562
00:26:09,160 --> 00:26:12,359
Speaker 4: guaranteed pension plan. Many people have worked for a company

563
00:26:12,359 --> 00:26:14,720
Speaker 4: for twenty thirty years, but you don't have to have

564
00:26:14,760 --> 00:26:17,679
Speaker 4: a pension plan to do so. You can create a

565
00:26:17,680 --> 00:26:20,400
Speaker 4: pile of money now today, make a green money where

566
00:26:20,400 --> 00:26:23,919
Speaker 4: it's safe, and generate a guaranteed income stream for life.

567
00:26:24,359 --> 00:26:26,320
Speaker 4: What if those three income streams coming in the front

568
00:26:26,359 --> 00:26:27,720
Speaker 4: door every month and you don't have to worry about

569
00:26:27,720 --> 00:26:31,000
Speaker 4: your investments, then you can invest differently. That's what we're

570
00:26:31,000 --> 00:26:33,200
Speaker 4: talking about here. So pick up the phone, schedule time

571
00:26:33,200 --> 00:26:35,560
Speaker 4: to meet with us, because you need to know what

572
00:26:35,600 --> 00:26:38,200
Speaker 4: your options are and we can help you. Eight three three,

573
00:26:38,440 --> 00:26:39,120
Speaker 4: Maggie Tacks.

574
00:26:39,200 --> 00:26:41,960
Speaker 2: You know, I'm thinking here about well, quite a few clients,

575
00:26:42,000 --> 00:26:44,359
Speaker 2: but one in particular. Husband and wife come in and

576
00:26:44,400 --> 00:26:47,200
Speaker 2: they had a million dollars and he's pretty much in risk.

577
00:26:47,800 --> 00:26:49,840
Speaker 2: And she didn't know she was in risk until we

578
00:26:49,880 --> 00:26:52,400
Speaker 2: did the color of Money report and we explained her

579
00:26:52,440 --> 00:26:54,720
Speaker 2: you're all in red money, and she says, well, I

580
00:26:54,760 --> 00:26:57,120
Speaker 2: don't want to be in red money, and we asked, well,

581
00:26:57,119 --> 00:26:57,919
Speaker 2: what do you want to be in?

582
00:26:57,960 --> 00:27:00,200
Speaker 3: You got to tell us. And then when she's ought

583
00:27:00,240 --> 00:27:01,720
Speaker 3: it to sit down and relax a little bit, she

584
00:27:01,760 --> 00:27:04,720
Speaker 3: said to Chris, well, heck, I'm sixty years old.

585
00:27:04,760 --> 00:27:07,000
Speaker 2: Why am one hundred percent in red money? And that

586
00:27:07,160 --> 00:27:09,639
Speaker 2: was what we're trying to get through to you, because

587
00:27:09,640 --> 00:27:13,119
Speaker 2: protecting your saving doesn't mean abandoning growth. And there are

588
00:27:13,160 --> 00:27:16,080
Speaker 2: portfolios that Chris can discuss with you that have growth,

589
00:27:16,440 --> 00:27:19,280
Speaker 2: have better growths in some of your portfolios now, So

590
00:27:19,680 --> 00:27:23,120
Speaker 2: what it means. It means being intentional about how much

591
00:27:23,200 --> 00:27:24,719
Speaker 2: risk you take and where you take it.

592
00:27:24,760 --> 00:27:26,960
Speaker 4: And that's not only just intention with the risk, also

593
00:27:27,119 --> 00:27:30,560
Speaker 4: to invest with a purpose. What if you had different

594
00:27:30,600 --> 00:27:33,399
Speaker 4: buckets of money with a different purpose, not just the

595
00:27:33,440 --> 00:27:37,239
Speaker 4: same allocations. That's a planned that feels good, doesn't it.

596
00:27:37,359 --> 00:27:40,199
Speaker 2: Yeah, But people don't sit down and do that all

597
00:27:40,240 --> 00:27:41,879
Speaker 2: the time. They just wait till the envelope comes in

598
00:27:41,920 --> 00:27:43,159
Speaker 2: the mail and then they look at it. To me,

599
00:27:43,280 --> 00:27:45,760
Speaker 2: that's not the word way to go. So what we're

600
00:27:45,760 --> 00:27:48,520
Speaker 2: saying here is with the right mix of protected strategies

601
00:27:48,560 --> 00:27:52,359
Speaker 2: and growth oriented investments, you can reduce the impact of

602
00:27:52,480 --> 00:27:55,479
Speaker 2: downtterms while still giving your money room to grow, and

603
00:27:55,480 --> 00:27:57,960
Speaker 2: that's exactly what you want to do. This is where

604
00:27:58,000 --> 00:28:02,560
Speaker 2: smart planning replaces guesswork. So a personalized protection strategy can

605
00:28:02,600 --> 00:28:05,119
Speaker 2: help you stay on track no matter what the market

606
00:28:05,160 --> 00:28:08,240
Speaker 2: does next. Chris, and markets will rise and markets will full,

607
00:28:08,280 --> 00:28:11,400
Speaker 2: we all know that, but your retirement shouldn't swing with them.

608
00:28:11,800 --> 00:28:14,520
Speaker 2: A tailored plan can help shield your savings from major

609
00:28:14,560 --> 00:28:17,840
Speaker 2: losses and stabilize your income. That's what it's all about,

610
00:28:18,240 --> 00:28:21,760
Speaker 2: and give you confidence even in unpredictable times. I get

611
00:28:21,840 --> 00:28:24,000
Speaker 2: tired of hearing people say, well, I lost sleep because

612
00:28:24,000 --> 00:28:26,840
Speaker 2: the market went down yesterday, and the question I asked them, well,

613
00:28:27,160 --> 00:28:28,440
Speaker 2: what are you going to do about it?

614
00:28:28,880 --> 00:28:30,320
Speaker 3: And they look at me like what can I do

615
00:28:30,400 --> 00:28:33,560
Speaker 3: about it? What can you do is get a personalized

616
00:28:33,600 --> 00:28:34,680
Speaker 3: protection strategy.

617
00:28:34,720 --> 00:28:36,200
Speaker 4: There you go, And that's why it's so easy to

618
00:28:36,200 --> 00:28:38,000
Speaker 4: just pick up the phone schedule time to meet with us.

619
00:28:38,040 --> 00:28:40,280
Speaker 4: Because you want to work with a complete planner. You

620
00:28:40,320 --> 00:28:43,840
Speaker 4: want to work with someone who understands income planning, tax planning,

621
00:28:43,920 --> 00:28:48,520
Speaker 4: investment planning, you know, legacy planning, so security maximization planning.

622
00:28:48,680 --> 00:28:51,280
Speaker 4: This is the complete plan for you. Why do you

623
00:28:51,320 --> 00:28:53,520
Speaker 4: just want to work with someone who just deals with investments.

624
00:28:53,800 --> 00:28:55,840
Speaker 4: You don't even need an investment advisor these days, just

625
00:28:55,960 --> 00:28:57,960
Speaker 4: manage the money yourself. Yeah, you know a lot of

626
00:28:58,000 --> 00:29:00,800
Speaker 4: things are going on, but what's in important is that

627
00:29:00,840 --> 00:29:03,800
Speaker 4: you have a plan. You know, as my dad mentioned before,

628
00:29:03,840 --> 00:29:07,800
Speaker 4: with the right mix of protective strategies and growth oriented investments,

629
00:29:08,200 --> 00:29:10,960
Speaker 4: you can reduce the impact of downturns while still giving

630
00:29:10,960 --> 00:29:13,520
Speaker 4: you money room to grow. This is where smart planning

631
00:29:13,560 --> 00:29:16,719
Speaker 4: replaces the guess work. So that's why my dad mentioned

632
00:29:16,720 --> 00:29:19,960
Speaker 4: markets will rise, markets will fall, but your retirement shouldn't

633
00:29:20,000 --> 00:29:23,240
Speaker 4: swing with them. Listen up. You know, a tailored plan

634
00:29:23,360 --> 00:29:26,440
Speaker 4: can help shield your savings from major losses. They can

635
00:29:26,480 --> 00:29:29,880
Speaker 4: stabilize your income and give you the confidence even in

636
00:29:30,000 --> 00:29:34,600
Speaker 4: unpredictable times. Who wants to go through the not having

637
00:29:34,600 --> 00:29:37,640
Speaker 4: confidence or unpredictable times where they lose income. No one

638
00:29:37,680 --> 00:29:40,880
Speaker 4: wants to do that, especially when they're retired. So when

639
00:29:40,920 --> 00:29:44,960
Speaker 4: listeners start to understand that they can protect themselves and

640
00:29:45,120 --> 00:29:48,360
Speaker 4: that it starts with a conversation, they're far more likely

641
00:29:48,800 --> 00:29:50,880
Speaker 4: to take action. Dad, So simply pick up the phone,

642
00:29:50,920 --> 00:29:52,680
Speaker 4: schedule time to meet with us eight three to three

643
00:29:52,720 --> 00:29:53,800
Speaker 4: mag attacks.

644
00:29:53,440 --> 00:29:55,600
Speaker 3: And simply don't leave your future to chance.

645
00:29:55,760 --> 00:29:58,960
Speaker 2: Take control while you still can before something happens, and

646
00:29:59,000 --> 00:30:01,480
Speaker 2: pick up the phone. Schedule time to meet with us.

647
00:30:01,480 --> 00:30:04,240
Speaker 2: Eight three to three Maggie Tax, or online at Maggie

648
00:30:04,240 --> 00:30:07,280
Speaker 2: Tax dot com. There's so much information there. How often

649
00:30:07,320 --> 00:30:10,280
Speaker 2: are you checking the balance in your portfolio? Do you

650
00:30:10,320 --> 00:30:13,200
Speaker 2: ever ask yourself if you have enough money so that

651
00:30:13,240 --> 00:30:16,160
Speaker 2: you don't outlive your retirement. That's what we're talking about here,

652
00:30:16,520 --> 00:30:18,720
Speaker 2: So let's tackle that on the other side of the break.

653
00:30:18,760 --> 00:30:20,960
Speaker 2: We've talked about so much today, but make sure you

654
00:30:20,960 --> 00:30:23,200
Speaker 2: give us a call. Eight three to three Maggie Tax.

655
00:30:23,480 --> 00:30:26,120
Speaker 2: Let's put a plan together, get an appointment and have

656
00:30:26,720 --> 00:30:29,800
Speaker 2: a conversation that you won't have these problems. Eight three

657
00:30:29,840 --> 00:30:32,800
Speaker 2: to three Maggie Tax. You're listened to the Maggie Tax

658
00:30:33,080 --> 00:30:34,040
Speaker 2: and Financial Show.

659
00:30:36,400 --> 00:30:40,000
Speaker 1: Stop funding Uncle Sam's retirement and start planning for your

660
00:30:40,040 --> 00:30:43,520
Speaker 1: own successful retirement. As we return to the Maggie Tax

661
00:30:43,520 --> 00:30:46,920
Speaker 1: Financial Show with your host Robert and Chris. Maggie with

662
00:30:47,080 --> 00:30:50,200
Speaker 1: Maggie Tax and Wealth Advisors for information on how you

663
00:30:50,240 --> 00:30:53,840
Speaker 1: can create a tax free retirement. Call eight three three

664
00:30:54,240 --> 00:30:58,520
Speaker 1: Maggie Tax, or visit Maggie Tax dot com. Now your

665
00:30:58,560 --> 00:31:01,800
Speaker 1: host with Maggie tax and Wealth advisors Robert and Chris

666
00:31:01,840 --> 00:31:04,040
Speaker 1: Maggie Do I have enough to retire?

667
00:31:04,280 --> 00:31:06,920
Speaker 4: Welcome back to the mag Attacks and Financial Show. And

668
00:31:07,000 --> 00:31:09,960
Speaker 4: there comes a moment everyone's financial life where the big

669
00:31:10,040 --> 00:31:13,920
Speaker 4: question rises to the surface, is what I've saved truly

670
00:31:14,400 --> 00:31:17,840
Speaker 4: enough to retire? So thanks for tuning into the mag

671
00:31:17,840 --> 00:31:21,479
Speaker 4: Attacks and a Financial Show. And as always, you know

672
00:31:21,560 --> 00:31:25,920
Speaker 4: we're taking this serious because it's important because we get

673
00:31:25,920 --> 00:31:29,080
Speaker 4: this all the time. People come to us and they

674
00:31:29,080 --> 00:31:31,760
Speaker 4: meet with us, and they the first question they say

675
00:31:31,880 --> 00:31:35,640
Speaker 4: is I'm really worried about it outliving my money, and

676
00:31:35,720 --> 00:31:38,880
Speaker 4: also is what I've saved truly enough to retire? Can

677
00:31:38,920 --> 00:31:41,920
Speaker 4: I retire? It's a powerful question, not because it's scary,

678
00:31:41,960 --> 00:31:45,240
Speaker 4: but because the answer shapes the next chapter of your life.

679
00:31:45,320 --> 00:31:47,280
Speaker 2: So in this segment we're going to talk about we're

680
00:31:47,400 --> 00:31:50,960
Speaker 2: going to unpack that enough question, what it really means,

681
00:31:50,960 --> 00:31:53,520
Speaker 2: and why it's different for every person listening to the show,

682
00:31:53,960 --> 00:31:57,240
Speaker 2: and how the right plan can turn uncertainty into clarity.

683
00:31:57,760 --> 00:32:00,640
Speaker 2: And if you've ever wondered whether you're ready, this is

684
00:32:00,680 --> 00:32:02,560
Speaker 2: the conversation that you don't want to miss. So give

685
00:32:02,640 --> 00:32:04,840
Speaker 2: us a call at eight three to three. Maggie Tax

686
00:32:04,920 --> 00:32:08,160
Speaker 2: visit our website, Maggie tax dot com. So the question,

687
00:32:08,280 --> 00:32:11,600
Speaker 2: like we talked about enough, look it up in the dictionary,

688
00:32:11,640 --> 00:32:15,400
Speaker 2: but is enough a number? It's a plan built around

689
00:32:15,440 --> 00:32:19,120
Speaker 2: your life, your goals and your income needs. So that's

690
00:32:19,120 --> 00:32:21,760
Speaker 2: what we're asking, Like, when you sit down to eat,

691
00:32:21,800 --> 00:32:22,480
Speaker 2: is that enough?

692
00:32:22,960 --> 00:32:26,080
Speaker 3: What does that mean? So most people think retirement readiness

693
00:32:26,120 --> 00:32:29,320
Speaker 3: is about hitting a magic number, and it's not. It's not.

694
00:32:29,880 --> 00:32:34,000
Speaker 2: It's about understanding how your savings translate into income, how

695
00:32:34,040 --> 00:32:37,040
Speaker 2: long that income can last, and whether it supports the

696
00:32:37,120 --> 00:32:39,720
Speaker 2: lifestyle that you want. The biggest question is what is

697
00:32:39,760 --> 00:32:42,120
Speaker 2: your lifestyle now and would you like it to be

698
00:32:42,200 --> 00:32:45,080
Speaker 2: that way when you retire? You know, and once listeners

699
00:32:45,160 --> 00:32:49,720
Speaker 2: realize this, the question becomes far more empowering because it's

700
00:32:49,720 --> 00:32:52,800
Speaker 2: something they can shape they answer, not something they have

701
00:32:52,880 --> 00:32:53,400
Speaker 2: to guess on.

702
00:32:53,480 --> 00:32:55,720
Speaker 4: Well, that's it. The old ways are you got to

703
00:32:55,720 --> 00:32:57,720
Speaker 4: get to a million dollars then you can retire. How

704
00:32:57,720 --> 00:32:59,280
Speaker 4: many people have we met with that said that I

705
00:32:59,280 --> 00:33:01,000
Speaker 4: don't have a million, and yet you don't have to.

706
00:33:01,640 --> 00:33:04,240
Speaker 4: That's why when you do the question planning like we do,

707
00:33:04,400 --> 00:33:07,160
Speaker 4: we're gonna educate you on what you need. So if

708
00:33:07,200 --> 00:33:09,120
Speaker 4: you have questions pick up the phone, schedule time to

709
00:33:09,120 --> 00:33:10,760
Speaker 4: meet with us. We have office on both sides of

710
00:33:10,760 --> 00:33:13,360
Speaker 4: the bay eight three three Maggie tax. But we're gonna

711
00:33:13,400 --> 00:33:16,520
Speaker 4: help you during the distribution phase of your life. That's

712
00:33:16,560 --> 00:33:18,440
Speaker 4: what it's about. Maybe you have enough.

713
00:33:18,680 --> 00:33:18,920
Speaker 3: Gosh.

714
00:33:19,000 --> 00:33:20,600
Speaker 4: Last week we met with a couple of people and

715
00:33:20,880 --> 00:33:22,680
Speaker 4: they were worried about They said, I have to work

716
00:33:22,680 --> 00:33:24,120
Speaker 4: a couple more years, I have to save more. And

717
00:33:24,160 --> 00:33:26,680
Speaker 4: I said, stop, just take a deep breath. You did it.

718
00:33:27,000 --> 00:33:28,520
Speaker 4: And they looked at me, like, what are you talking about?

719
00:33:28,520 --> 00:33:31,280
Speaker 4: And I said, you already have enough here to retire.

720
00:33:32,080 --> 00:33:34,240
Speaker 4: And they didn't understand where the money was gonna come from.

721
00:33:34,240 --> 00:33:36,240
Speaker 4: And I said that you can create a bucket that

722
00:33:36,280 --> 00:33:38,920
Speaker 4: you can't outlive your money, and you can still invest

723
00:33:38,960 --> 00:33:41,280
Speaker 4: the money the way you want to. And they sat

724
00:33:41,360 --> 00:33:43,960
Speaker 4: back and they said, well really, So I showed them

725
00:33:44,000 --> 00:33:45,520
Speaker 4: where it's gonna come from. And guess what, it was

726
00:33:45,560 --> 00:33:47,200
Speaker 4: a wow factor. They didn't know what they didn't know,

727
00:33:47,560 --> 00:33:49,959
Speaker 4: but guess what it felt so great? It was clarity,

728
00:33:50,120 --> 00:33:52,560
Speaker 4: was confidence, it was moving forward in a great direction.

729
00:33:52,680 --> 00:33:54,760
Speaker 4: And that's what we provided to them. Eight three to

730
00:33:54,760 --> 00:33:57,760
Speaker 4: three Maggie tax. Because enough isn't a number it's a

731
00:33:57,800 --> 00:34:00,480
Speaker 4: plan built around your life. Your goals and your income

732
00:34:00,560 --> 00:34:04,320
Speaker 4: means and your spending patterns matter more than your account balance.

733
00:34:04,880 --> 00:34:08,799
Speaker 4: And most people underestimate this, and that's why they need

734
00:34:08,840 --> 00:34:09,200
Speaker 4: our help.

735
00:34:09,719 --> 00:34:13,279
Speaker 3: Well, it's because of fear. I think it's because of uncertainty.

736
00:34:13,960 --> 00:34:15,799
Speaker 2: I think it's because they heard the neighbors say this,

737
00:34:16,040 --> 00:34:18,160
Speaker 2: or the guy at the office said this.

738
00:34:18,880 --> 00:34:19,680
Speaker 3: But that's not you.

739
00:34:20,200 --> 00:34:22,400
Speaker 2: Okay, that's not your plan, that's not your story. You

740
00:34:22,440 --> 00:34:24,440
Speaker 2: need to tell it all right, because there's no two

741
00:34:24,520 --> 00:34:25,560
Speaker 2: stories out there.

742
00:34:25,480 --> 00:34:26,280
Speaker 3: That are identical.

743
00:34:26,520 --> 00:34:28,640
Speaker 4: That's exactly right. So your neighbor might have a different

744
00:34:28,680 --> 00:34:31,480
Speaker 4: retirement plan than you. So that's why retirement isn't a

745
00:34:31,480 --> 00:34:35,080
Speaker 4: straight line. Some years cost more, some costs less, and

746
00:34:35,360 --> 00:34:39,200
Speaker 4: unexpected expenses always show up and they do. My gosh,

747
00:34:39,239 --> 00:34:39,839
Speaker 4: they really do.

748
00:34:39,960 --> 00:34:40,120
Speaker 3: You know.

749
00:34:40,239 --> 00:34:44,480
Speaker 4: This bullet helps listeners understand that knowing enough starts with

750
00:34:44,640 --> 00:34:47,279
Speaker 4: knowing how they'll actually live. You know, what are your

751
00:34:47,320 --> 00:34:50,239
Speaker 4: travel plans? What are your hobbies? What's your healthcare look like?

752
00:34:50,320 --> 00:34:53,800
Speaker 4: Are you're on Medicare, you're going to take the supplement

753
00:34:53,840 --> 00:34:56,680
Speaker 4: of the advantage plan or an HMO? You know what

754
00:34:56,719 --> 00:34:58,640
Speaker 4: about your family support? How are you going to build

755
00:34:58,640 --> 00:35:00,680
Speaker 4: a plan that adapts to these life changed it. These

756
00:35:00,680 --> 00:35:02,080
Speaker 4: are a question that we see each and every day.

757
00:35:02,120 --> 00:35:04,600
Speaker 4: I'm sure you're thinking about it. That's why if you are,

758
00:35:04,719 --> 00:35:06,640
Speaker 4: let's do this together. Let's get on the same side.

759
00:35:06,680 --> 00:35:08,160
Speaker 4: Eight three three Maggie tacks.

760
00:35:08,200 --> 00:35:09,720
Speaker 3: So take the word income planning.

761
00:35:10,120 --> 00:35:14,200
Speaker 2: It reveals gaps and opportunities that your account statements can't

762
00:35:14,239 --> 00:35:14,719
Speaker 2: show you.

763
00:35:15,239 --> 00:35:16,680
Speaker 3: So when you sit down with us, we go over

764
00:35:16,719 --> 00:35:17,600
Speaker 3: the whole thing entirely.

765
00:35:17,680 --> 00:35:21,040
Speaker 2: Two people with the same savings can have completely different

766
00:35:21,080 --> 00:35:24,880
Speaker 2: retirement outcomes depending on how their income instruction. In simple

767
00:35:25,360 --> 00:35:28,360
Speaker 2: ways that as husband and wife, you ask one question

768
00:35:28,440 --> 00:35:31,239
Speaker 2: to one the wife and one to the husband, and

769
00:35:31,280 --> 00:35:32,960
Speaker 2: the income planning is different.

770
00:35:33,040 --> 00:35:36,440
Speaker 4: Chris, right, that's right now, It's so important. That's why

771
00:35:36,200 --> 00:35:38,560
Speaker 4: we want to get your input. This is your money, right,

772
00:35:38,640 --> 00:35:40,520
Speaker 4: Whoever you work with, you want to make sure that

773
00:35:41,080 --> 00:35:43,480
Speaker 4: they're thinking about you and finding out what your goals are.

774
00:35:43,560 --> 00:35:45,080
Speaker 4: So at the end of the day, knowing whether you

775
00:35:45,160 --> 00:35:49,160
Speaker 4: have enough isn't about guessing or hoping. It's about clarity,

776
00:35:49,640 --> 00:35:53,000
Speaker 4: and clarity only comes from seeing your full financial picture

777
00:35:53,080 --> 00:35:54,440
Speaker 4: laid out in front of you. And that's why we

778
00:35:54,440 --> 00:35:56,239
Speaker 4: do a balance sheet. We show you what you have.

779
00:35:56,680 --> 00:35:58,880
Speaker 4: And the real question now is do you want to

780
00:35:58,920 --> 00:36:02,040
Speaker 4: move into retirement with uncertainty or do you want to

781
00:36:02,040 --> 00:36:03,840
Speaker 4: move into retirement with confidence?

782
00:36:04,000 --> 00:36:04,960
Speaker 3: Exactly, and if.

783
00:36:04,800 --> 00:36:07,360
Speaker 4: You're ready to replace doubt with direction, that's exactly what

784
00:36:07,480 --> 00:36:09,640
Speaker 4: our team does at Maggie Tax and Wealth Advisors.

785
00:36:09,760 --> 00:36:10,560
Speaker 3: We're here to help you.

786
00:36:10,800 --> 00:36:14,040
Speaker 4: A personalized retirement readiness review can show you where you

787
00:36:14,080 --> 00:36:17,120
Speaker 4: stand today and the steps that you can strengthen for

788
00:36:17,160 --> 00:36:20,520
Speaker 4: you tomorrow. So your future deserves more than assumptions, It

789
00:36:20,600 --> 00:36:22,600
Speaker 4: deserves a plan. Pick up the phone, schedule a time

790
00:36:22,600 --> 00:36:25,120
Speaker 4: to meet with us eight three three Maggie Tax.

791
00:36:25,400 --> 00:36:27,840
Speaker 2: And as we close out today's episode of the Maggie

792
00:36:27,880 --> 00:36:30,640
Speaker 2: Tax and Wealth Advisors Show, just think about everything that

793
00:36:30,680 --> 00:36:34,040
Speaker 2: we talked through together today. We talked about protecting what

794
00:36:34,719 --> 00:36:38,040
Speaker 2: you've built, reducing the risk of major losses, finding the

795
00:36:38,080 --> 00:36:42,759
Speaker 2: right balance between growth and safety, and finally understanding whether

796
00:36:42,840 --> 00:36:46,920
Speaker 2: you truly have enough to retire with confidence. I'm sure

797
00:36:46,960 --> 00:36:51,560
Speaker 2: everyone's got those questions. So there isn't There isn't small topics, folks,

798
00:36:51,600 --> 00:36:55,640
Speaker 2: that you know, the pillars of financial future, all of them.

799
00:36:56,120 --> 00:36:59,520
Speaker 2: And if today made you know anything clear, it's this

800
00:37:00,000 --> 00:37:04,480
Speaker 2: retirement success doesn't happen by accident. You work thirty forty

801
00:37:04,560 --> 00:37:07,600
Speaker 2: years to get there. It happens by taking action, by

802
00:37:07,640 --> 00:37:11,080
Speaker 2: making sure that everything that you've saved for works for you.

803
00:37:11,080 --> 00:37:13,560
Speaker 2: You work too hard, too long to leave your future

804
00:37:13,600 --> 00:37:17,480
Speaker 2: to chance. So whether you're worried about market volatility, unsure

805
00:37:17,480 --> 00:37:20,839
Speaker 2: about your income plan, or simply tired of guessing where

806
00:37:20,880 --> 00:37:24,040
Speaker 2: you stand, this is your moment to get clarity and

807
00:37:24,080 --> 00:37:28,319
Speaker 2: remember something. You retire once. We retire every day. The

808
00:37:28,360 --> 00:37:30,440
Speaker 2: team at Maggie Tax and Wealth Advisors is here to

809
00:37:30,440 --> 00:37:35,319
Speaker 2: help you turn today's insights into real personalized plan, one

810
00:37:35,360 --> 00:37:38,920
Speaker 2: that protects your savings, supports your lifestyle, then gives you

811
00:37:38,960 --> 00:37:41,640
Speaker 2: the confidence that you deserve and don't wait for the

812
00:37:41,719 --> 00:37:44,439
Speaker 2: next market swing or the next headline to force your hand.

813
00:37:44,760 --> 00:37:48,240
Speaker 2: Take control call today. Your future self will be grateful

814
00:37:48,280 --> 00:37:51,239
Speaker 2: you did. Eight three to three Magi Tax and We

815
00:37:51,360 --> 00:37:54,200
Speaker 2: watch our show on Sunday, Magi Tax and Financial Show

816
00:37:54,200 --> 00:37:56,480
Speaker 2: at ten thirty. You're listening to the Maggi Tax and

817
00:37:56,520 --> 00:37:59,360
Speaker 2: Financial Show.

818
00:38:01,960 --> 00:38:04,759
Speaker 1: Thank you for listening to Maggie Tax and Financial Show

819
00:38:04,840 --> 00:38:08,600
Speaker 1: with Robert and Chris Maggie of Maggie Tax Wealth Advisors.

820
00:38:08,680 --> 00:38:12,000
Speaker 1: Listen here five to six pm every Saturday and from

821
00:38:12,000 --> 00:38:15,200
Speaker 1: eleven am till noon every Sunday or anytime on the

822
00:38:15,239 --> 00:38:18,760
Speaker 1: free iHeartRadio app. And remember, you can pay less tax

823
00:38:18,920 --> 00:38:22,759
Speaker 1: with Maggie Tax Program. Content provided by Maggie Tax, Wealth

824
00:38:22,800 --> 00:38:26,160
Speaker 1: and Advisors. Call them at eight three three Maggie Tax,

825
00:38:26,360 --> 00:38:31,480
Speaker 1: or visit them online at Maggietax dot com