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

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

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

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

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

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

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

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

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

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

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

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

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

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Speaker 2: place where retirees and families come to turn confusion into

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Speaker 2: clarity and planning into confidence. I'm here with my son

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Speaker 2: Chris Maggie, and today we have a lot to talk

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Speaker 2: of it because every week we break down the strategies

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Speaker 2: that truly matter, the ones Wall Street never seems to

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Speaker 2: talk about. And today we're diving into something we call rothology.

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Speaker 2: So Chris, let's talk about it and see if we

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Speaker 2: can help some of the people out there.

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Speaker 3: Absolutely. Well, welcome everyone, I'm Chris Maggane. Thank you so

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Speaker 3: much for tuning into the show. In each and every week.

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Speaker 3: We're here to help you. Why because we see so

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Speaker 3: much when we meet with clients. They come in and

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Speaker 3: they are confused, they're isolated, they don't have clarity, but

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Speaker 3: we provide the opposite. We provide the clarity, The confusion

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Speaker 3: settles down into more of understanding, and now they can

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Speaker 3: have an account where they have confidence moving forward. So

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Speaker 3: what is ruthology, Well, we specialize in roth conversions and rathologies,

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Speaker 3: the art and science of doing wroth conversions the right way,

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Speaker 3: because a wroth conversion isn't just a tax move. It's

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Speaker 3: a timing move, it's a bracket move, it's a legacy move.

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Speaker 3: It's one of the most powerful tools available when it's

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Speaker 3: done correctly, and one of the most expensive mistakes when

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Speaker 3: it's not. So. Throughout today's show, pick up the phone,

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Speaker 3: schedule time to meet with us Maggie Tax dot Com

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Speaker 3: eight three to three, Maggie Tax right down eight three

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Speaker 3: to three Magi Tax Schedule Time to meet with us,

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Speaker 3: because if you're interested in a wroth conversion, stop what

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Speaker 3: you're doing right now, listen up, because we have a

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Speaker 3: lot to talk about.

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Speaker 4: And don't forget.

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Speaker 2: Every Sunday at ten thirty, tune into the Magi Tax

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Speaker 2: and Advise our show on ABC TV at ten thirty

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Speaker 2: and you'll learn a lot more on that as well.

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Speaker 4: So we have a lot to talk about.

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Speaker 2: But rothology is only one piece of a complete plan,

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Speaker 2: and that's what we talk about complete planning on this show.

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Speaker 2: We also tackle investment planning, income strategy, and what really

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Speaker 2: happens when a loved one passes away and assets need

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Speaker 2: to be transferred the right way without delays, without confusion,

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Speaker 2: and without family stress. And Chris, that's a big concern

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Speaker 2: of a lot of people that call in every week

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Speaker 2: because we talk about so much. But you have to

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Speaker 2: come in and sit down with us and have a

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Speaker 2: meeting and go over your concerns eight three to three

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Speaker 2: Magi tas and you deserve to meet with somebody to

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Speaker 2: get your questions answered. My gosh, I mean, last week,

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Speaker 2: we know it. So many people who just left with

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Speaker 2: clarity and smile on their face and they said, now

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Speaker 2: I know what I have and what I can do

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Speaker 2: because wrathology is only one piece of a complete plan.

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Speaker 2: You know, we talk about many different components. But here's

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Speaker 2: the truth. Retirement isn't just about having accounts. It's about

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Speaker 2: having a plan, a coordinated, documented, tax smart plan that

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Speaker 2: covers everything. It's from your portfolio to your income, from

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Speaker 2: your taxes to your legacy, and from the first year

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Speaker 2: of retirement to the last dollar of your family inherent inherits.

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Speaker 2: That's why it's so important to meet with somebody and

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Speaker 2: a MAGI Tax advisory. That's what we do, that's why

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Speaker 2: we're here. That's what this show is all about. This

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Speaker 2: is the MAGI Tax and Wealth Advisors Show, and your

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Speaker 2: complete financial education starts right now.

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Speaker 4: And here's the thing.

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Speaker 2: Many of you out there have questions about you hear

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Speaker 2: this on the radio, you watch on TV. About wroth conversions.

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Speaker 2: It's probably the most confusing topic that you need to

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Speaker 2: discuss with a qualified advisor. We know about wroth conversions.

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Speaker 2: We can show you how it works, we can show

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Speaker 2: you when to do it, and we could show you

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Speaker 2: the right way to do it. So the bottom line

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Speaker 2: is control your taxes and don't let the irs decide

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Speaker 2: for you. Fitional iras that many of you have out

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Speaker 2: there in four to one ks are fully taxable later

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Speaker 2: in life, often when income is higher from Social Security

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Speaker 2: rmds and investment growth. Rothology is about converting strategically. That's

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Speaker 2: a keyword that we use when you choose to do it,

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Speaker 2: so you lock in known tax rates today instead of

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Speaker 2: gambling and future increases. In Chris, we do mock tax

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Speaker 2: returns because it's the only way, the only safe way

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Speaker 2: to show a lot of people out there what the

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Speaker 2: answers to their questions are.

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Speaker 3: Well, that's it. You know, when do you want to

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Speaker 3: know how much tax is going to pay? Well, you

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Speaker 3: want to know right now, not just in tax season

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Speaker 3: like February, March and April. You want to know now,

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Speaker 3: and that's what we do. So a MAGI tax advisor,

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Speaker 3: Hint and wealth Advisors we help you on the tax side,

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Speaker 3: the investment side, the income planning side, the estate planning side,

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Speaker 3: and legacy planning. So not only on rothology you can

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Speaker 3: control your taxes, but eliminates the required minimum distributions. You know,

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Speaker 3: roth iras have know what they call required minimum distributions,

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Speaker 3: and a lot of people out there don't know what

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Speaker 3: that RM and D is well. Rm D is called

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Speaker 3: the required minimum distribution. If you have a four to

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Speaker 3: one K or an IRA or a step IRA or

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Speaker 3: a TSP, if you're a federal employee at age seventy

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Speaker 3: three or seventy five, depending on when you're born, you

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Speaker 3: have to take the required minimum. You have to take

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Speaker 3: a distribution from that account. Well, with rothology and with

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Speaker 3: roth conversions, you don't have to take a ROTH IRA

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Speaker 3: a distribution, so which means that there's no forced withdrawals,

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Speaker 3: no force tax bills, and no disruption to your income plan.

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Speaker 3: Rothology helps retirees keep more control, more flexibility, and more

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Speaker 3: of their money.

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Speaker 2: And think about this, all of you out there that

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Speaker 2: have an IRA four to one K, we were all

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Speaker 2: taught to save on a tax deferred basis, meaning take

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Speaker 2: money out of your paycheck and have a tax deferred

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Speaker 2: account with an IRA four to one K.

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Speaker 4: But you deferred the taxes years ago.

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Speaker 2: And think about I GUESSD a client, not a client,

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Speaker 2: but I asked people at a seminar I did last week,

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Speaker 2: think about how much you deferred and how much tax

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Speaker 2: you actually saved, and then now it's your seven tventy

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Speaker 2: three and you have to take out the R and

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Speaker 2: d's because we run a report called the Retirement Tax

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Speaker 2: Bill and kind of figure out which was higher, because

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Speaker 2: you're gonna pay more taxes when you start taking out

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Speaker 2: to R and ds. You know why, because you saved

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Speaker 2: a lot. If you've saved a million dollars in an IRA, Chris,

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Speaker 2: does that client have a million dollars in the IRA?

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Speaker 3: Not at all, because guess what a portion of that

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Speaker 3: is Uncle Sam's and portions yours. But that's the big

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Speaker 3: question we see moving forward is what's that question mark

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Speaker 3: tax rate going to be? How much is really yours?

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Speaker 3: So right now it's time to understand. And that's why

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

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Speaker 3: Let's figure out what your tax bill is in retirement.

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Speaker 3: And also let's talk about rothology.

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Speaker 4: And think about this.

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Speaker 2: When a loved one inherro it say roth IRA, every

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Speaker 2: single dollar can come out income tax free. And Chris,

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Speaker 2: what's the question that you ask everybody when they come

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Speaker 2: in when they have an IRA?

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Speaker 4: What what when do you want to pay? And who's

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Speaker 4: going to pay it?

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Speaker 1: Right?

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Speaker 3: When is a tax going to be paid? And many

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Speaker 3: people look at me confused and they say, what do

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Speaker 3: you mean by that? Well, if it's not you, it's

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Speaker 3: going to be your spouse, and if it's not your spouse,

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Speaker 3: it's going to be the kids. And then guess what,

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Speaker 3: who's going to pay the big tax bill? So if

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Speaker 3: you have an IRA form, OK, when is a tax

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Speaker 3: going to be paid? Would you want a plan? That's

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Speaker 3: what we call a Rothology plan. So let's put that

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Speaker 3: together for you because we specialize in WROTH conversions. Pick

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

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Speaker 3: three three maggie tax. That's eight three to three maggie tax.

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Speaker 3: And Dad, you meant something that's really important, leave tax

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Speaker 3: free money to your family. Do you want a taxable

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Speaker 3: account or tax free? Well, when a loved one inherits

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Speaker 3: a roth IRA, every dollar can come out income tax free,

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Speaker 3: which is a powerful legacy tool, and that could be

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Speaker 3: for your spouse, for your kids. So Rothology ensures the

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Speaker 3: conversion is done the right way, in the right brackets

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Speaker 3: at the right time, so families keep more of what

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Speaker 3: they earn. And you can too. Just pick up the phone,

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

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Speaker 3: maggie tax.

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Speaker 2: You know, and we're in tax time right now, tax

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Speaker 2: preparation and most of you seeing your tax prepare it now.

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Speaker 2: But ask that person, whether it be a male or female,

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Speaker 2: how do I say on taxes? And I have this IRA,

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Speaker 2: So what is the tax bill I'm going to pay?

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Speaker 2: And see what they say, because I guarantee it they're

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Speaker 2: not going to answer it the way we do. Because

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Speaker 2: go to my website, Maggie tax dot com. I encourage

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Speaker 2: all of you, every single one of you, right now,

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Speaker 2: go to Maggie tax dot com and on the top

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Speaker 2: right click on the retirement tax bill and in thirty seconds,

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Speaker 2: if you're honest and put the right numbers in, you

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Speaker 2: are going to see what your tax bill is going

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Speaker 2: to be. Not only what the tax bill is going

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Speaker 2: to be, but you're also going to see when you

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Speaker 2: turn that age of seventy three, how much required minimum

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Speaker 2: distribution you're going to take? And Chris, when people take

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Speaker 2: out the required minimum distribution, where does it go?

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Speaker 3: Usually people invest it, reinvest it, which they cause more

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Speaker 3: tax for them to pay. And guess what, they just

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Speaker 3: keep paying more tax and it goes on your tax

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Speaker 3: return right yep, And you have to pay more tax

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Speaker 3: cost on Social Security or other investments.

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Speaker 4: Oh okay, I didn't know that, did you?

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Speaker 2: But I'm joking with that, and it's not funny. The

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Speaker 2: point is that when you meet with the tax qualified

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Speaker 2: advisor like we are, and we do a Rothology report,

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Speaker 2: I guarantee you that you're gonna sit there and go,

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Speaker 2: you know what, I'm so glad I came in because

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Speaker 2: we've had so many millionaire clients and not so many

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Speaker 2: millionaire clients come in and say I didn't know that.

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Speaker 2: My advisor doesn't talk about that. They're not going to

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Speaker 2: talk about that because they're not tax professionals.

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Speaker 3: And that's it. So you can leave tax frame money

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Speaker 3: to your family. You can reduce the tax bomb on

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Speaker 3: Social Security. Converting now can prevent future income pushing on

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Speaker 3: Social Security tax and guess what you can protect yourself

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Speaker 3: from future tax increases. What if you were able to

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Speaker 3: live in an environment that you're tax free. You don't

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Speaker 3: have to worry about paying a diamond taxes. Who cares

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Speaker 3: if the government raises the tax brackets or the rates

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Speaker 3: or whatever, you don't have to be subject to it.

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Speaker 3: How cool would that be? And also, what if you

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Speaker 3: could lower future Medicare premiums like IRMA irma. What if

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Speaker 3: you had full control over that? Would you want to know?

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Speaker 3: These things we can do?

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Speaker 2: And that's the power power of the ruthology doing rough

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Speaker 2: convergence though right way, at the right time, for the

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Speaker 2: right reasons. These are not guesses, folks. These are not

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Speaker 2: generic rules of thumb. These are strategies that can save

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Speaker 2: families tens of thousands of dollars in unnecessary taxes and

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Speaker 2: create a tax free income for life. But here's the key.

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Speaker 2: None of this happens automatically. The irs isn't going to

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Speaker 2: call you and remind you to convert at the perfect time.

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Speaker 2: Your brokerage firm isn't going to run tax bracket analysis

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Speaker 2: for you. This is planning that must be done intentionally

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Speaker 2: and coordinated across your taxes, investments, income and legacy. Let's

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Speaker 2: make sure that your retirement dollars go to your family,

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Speaker 2: not to unnecessary taxes. The call is free, the appointment

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Speaker 2: is free, but the impact the rest of your life.

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Speaker 2: This is Maggie Tax and both advisors for complete planning begins.

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

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

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

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

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Speaker 1: can create a tax free retirement. Call eight three three

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

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

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Speaker 3: All right, welcome back to the Maggie Tax and Wealth

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Speaker 3: Advisors Show. In the first segment, we talked about rothology

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Speaker 3: doing your tax planning the right way. Now is the

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Speaker 3: time the shift gears into something just as important, maybe

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Speaker 3: it's even more important. We're talking about income planning. But

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Speaker 3: before we do that, visit our website at Maggie tax

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Speaker 3: dot com. Pick up the phone, schedule time to meet

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Speaker 3: with us eight three three Maggie Tax. We do complete planning,

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Speaker 3: income planning, tax planning, investment planning, estate planning, legacy planning,

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Speaker 3: solid security, maximization planning, medicare planning. Do you have questions

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Speaker 3: about any of these topics? Absolutely, we'll pick up the phone,

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Speaker 3: schedule a time to meet with us eight three to

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Speaker 3: three Maggie Tax.

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Speaker 2: And let's be honest, investment planning today is not what

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Speaker 2: it used to be ten years ago.

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Speaker 4: It's changed.

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Speaker 2: The markets move faster, the risks are different, the tools

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Speaker 2: are different, and the old set it and forget approach

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Speaker 2: that doesn't work anymore because you have to sit down

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Speaker 2: answer your questions that people have and you should be

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Speaker 2: able to get all the answers that you want.

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Speaker 4: And the number one.

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Speaker 2: Mistake that we see retirees make is this they think

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Speaker 2: owning investments is the same as having an investment plan,

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Speaker 2: and that's not true.

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Speaker 4: It's not Chris right.

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Speaker 3: Absolutely. You know, we do analyze a lot of investment

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Speaker 3: accounts out there, and we have a great team that

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Speaker 3: fill uf CPAs and cfps financial planners and analysis that

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Speaker 3: review everything on a regular basis, and it's amazing. What

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Speaker 3: we see is that many people just have piles of money.

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Speaker 3: They just have investment accounts and they're buying the stock

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Speaker 3: here and they're sitting on it and they're not doing

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Speaker 3: any investment planning. And that's why we're reaching out to

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Speaker 3: everyone today because do you have an investment plan? And

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Speaker 3: if you don't, then you need to get one. And

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Speaker 3: as we talked about here, the number one mistake we

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Speaker 3: see retirees make is that they think owning investments is

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Speaker 3: the same as just having an investment plan is not.

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Speaker 3: Anyone can buy a fund, anyone can click a button,

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Speaker 3: but very few people have an actual strategy, a blueprint

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Speaker 3: that aligns their risk, their income needs, their tax exposure,

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Speaker 3: market cycles, and long term goals all in one. And

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Speaker 3: that's why when you come meet with us Maggie Tax

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Speaker 3: Advisory and Wealth Advisors, we can help you put together

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Speaker 3: an investment plan. So in this segment we're cutting through

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Speaker 3: the noise. We want to talk about what real investment

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Speaker 3: planning looks like, how to protect your money, how to

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Speaker 3: grow it with a purpose and stay ahead of the

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Speaker 3: surprises that take so many families off course. And Dad,

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Speaker 3: let's talk about that. How many families do we see

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Speaker 3: that have retired that they think they have a plan,

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Speaker 3: but guess what their investment plans running off course?

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Speaker 2: Well, that's because they were taught, like I said before,

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Speaker 2: the old fashioned way, and they never were taught to

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Speaker 2: look into a full, complete plan like you talked about

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Speaker 2: investment planning, income planning, social security planning. They just talked

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Speaker 2: about a fund or a stock and that's not complete planning.

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Speaker 2: So if you've ever wandered, am I invested the right way?

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Speaker 2: For where I am right now, You're in the right place.

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Speaker 2: But let's get into it because what you have to do,

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Speaker 2: because you mentioned it, how many people do you see

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Speaker 2: that when you look at their portfolio and you ask them,

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Speaker 2: do you know what stock you have? Do you know

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Speaker 2: what mutual fund you have? Do you know what risk

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Speaker 2: you have? And what's the common answer we get?

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Speaker 3: I don't know. I think my advisor's taken care of it.

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Speaker 3: And then when we take off the hood, guess what

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Speaker 3: we see. There's no active management. They've had the account

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Speaker 3: positions for the same positions for years, you know, every

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Speaker 3: time they meet with their advisor. Maybe if they do

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Speaker 3: then they change it. But guess what, that's not active planning.

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Speaker 3: So the big then that we see is risk alignment.

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Speaker 3: What's risk alignment? Well, are you invested for the stage

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Speaker 3: of your life you're in or are you the one

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Speaker 3: who've already passed it?

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Speaker 4: You know?

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Speaker 3: And then that's the question that we have. And most

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Speaker 3: people's portfolios are built for accumulation, not preservation or income,

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Speaker 3: and the risk they took in their forties and fifties

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Speaker 3: can be devastating in their sixties. And so that's why

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Speaker 3: I investment planning starts with matching your risk to your goals,

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Speaker 3: not to the market's mood. And think about this. How

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Speaker 3: many people come in and we ask them to do

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Speaker 3: a what color of Money report? We ask them to

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Speaker 3: do the analysis to figure out what type of risk

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Speaker 3: they want and how easy is that to fill out?

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Speaker 2: It's easy and when we do it, it's simple and

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Speaker 2: they sit back and they go, boy, that's the easiest way.

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Speaker 2: Now I understand what my risk is because you do

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Speaker 2: these portfolios comparisons all the time, and most of the

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Speaker 2: time they're in more risk than they thought they were.

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Speaker 3: So let me explain here. Think of it this way, ABC,

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Speaker 3: D and E. If you're an A investor, well you're

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Speaker 3: more conservative. If you're an E investor, you're aggressive. But

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Speaker 3: if you're a C, you're basically in the middle. So

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Speaker 3: many people come in and we analyze their accounts and

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Speaker 3: they're somewhere invested in a D portfolio, which is a

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Speaker 3: moderate growth. But then when we do the questions and

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Speaker 3: we sit there and talk to them, they really want

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Speaker 3: to be in a B portfolio. They want to present

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Speaker 3: they won't have income, but guess what, they're invested in

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Speaker 3: the deep portfolio. So they're taking too much risk with

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Speaker 3: their money. So we asked them the question, when's the

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Speaker 3: last time you had this analyzed, and they say, well,

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Speaker 3: I've been with my advisor for fifteen years. Meanwhile, the

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Speaker 3: same advisor is investing and managing the money the same

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Speaker 3: with risk now fifteen years later than they had before.

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Speaker 2: You got older. Things changed. Come on, this is like,

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Speaker 2: you know, no brainer to me. But the point is

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Speaker 2: this what you just said. I don't know if it's

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Speaker 2: the advisor fault or if it's your fault because you

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Speaker 2: don't take the time to say, look, let's do this again.

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Speaker 2: Let's you know, analyze my risk because things have changed.

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Speaker 2: The market's changed, you know, the economy has changed, everything's changed.

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Speaker 2: So this is important to Chris and I when we

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Speaker 2: do this at Maggie Tax and Wealth Advisors, because sit

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Speaker 2: down with us, sit down with us, and let's just

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Speaker 2: do you know, a risk analysis. And there's another thing

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Speaker 2: that we talk about the sequence of returns protection safeguarding

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Speaker 2: your retirement from the wrong market at the wrong time.

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Speaker 2: So your biggest risk in retirement is not average returns,

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Speaker 2: it's taking what's rolls will market so down without a

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Speaker 2: plan to protect against sequence of returns risk. A portfolio

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Speaker 2: can fall even with the good long term performance. So

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Speaker 2: proper planning puts guardrails in place. And this is where

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Speaker 2: we see a lot of people don't understand what a

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Speaker 2: guardrail is.

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Speaker 3: Well, that's it. You have to have protection, and there

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Speaker 3: are accounts out there that you can have protection on

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Speaker 3: the downside and make money if the mark goes down

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Speaker 3: on the downside. A lot of great things of having

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Speaker 3: an investment plan. And the other really unique feature with

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Speaker 3: investment planning is a purpose driven investing. Every dollar needs

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Speaker 3: a job, whether it's growth, income, safety, or liquidity. A

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Speaker 3: real plan assigns each part of your portfolio with a

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Speaker 3: clear purpose. We talk about purpose planning. Not everything should

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Speaker 3: be chasing growth, not everything should be conservative. True investment

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Speaker 3: planning is about balance with intention, having the right money

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Speaker 3: in the right buckets at the right time. So pick

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

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Speaker 3: can help you eight three to three, Maggie tax.

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Speaker 2: So if you're listening right now and you don't have

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Speaker 2: a written investment plan, if you're not sure your risk

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Speaker 2: actually the stage of life here in which we talked about,

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Speaker 2: or if you simply want a second opinion, to make

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Speaker 2: sure that your portfolio is built to last. Now is

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Speaker 2: the time to pick up the phone eight three to

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Speaker 2: three Maggie Tax. Schedule your complementary investment strategy review today.

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Speaker 2: Visit our website, Maggie Tax dot com, and we'll show

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Speaker 2: you where you're strong, where you're exposed, and exactly what

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Speaker 2: needs to be adjusted in plain, simple English, no pressure,

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Speaker 2: no jargon, just real answers. Your money worked hard for

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Speaker 2: you your entire life. Now it's time to make sure

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Speaker 2: that it works for you just as hard in retirement.

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Speaker 2: Call us right now eight three to three Maggie Tax,

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Speaker 2: and your future self will thank you.

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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: 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 2: All right, welcome back to the Maggie Tax and Wealth

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Speaker 2: Advisor Show, and I need you to stay with me

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Speaker 2: for the next segment, because this is one of the

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Speaker 2: most important conversations that we ever have on this show,

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Speaker 2: and it's one that far too many families avoid until

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Speaker 2: it's too late. So listen up, please, So what happens

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Speaker 2: when a loved one passes?

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Speaker 4: What should you do first?

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Speaker 2: Who do you call? How do the accounts get transferred?

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Speaker 2: What happens to the investments, the insurance, the taxes, the

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Speaker 2: IRA distribution? And how do you make sure the surviving

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Speaker 2: spouse isn't overwhelmed, confused, or taken advantage.

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Speaker 3: Of Wow, just a lot of questions right there, but

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Speaker 3: they're powerful because how many people have been in this situation,

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Speaker 3: how many people probably will be in this situation? And

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Speaker 3: who do you go to? Many people think I'll just

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Speaker 3: go to my CPA, He'll handle it. But do you

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Speaker 3: think they're really going to handle everything for you? I'll

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Speaker 3: let's go to my investment guy, He'll handle everything for me.

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Speaker 3: But are they really going to deal with the tax

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Speaker 3: side of this whole thing? And the distribution planning? What

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Speaker 3: about the estate planning. I'll just go to my attorney,

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Speaker 3: He'll take care of all this stuff. Well, guess what

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Speaker 3: you want to make sure that things are going to

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Speaker 3: avoid probate, But then who's going to charge the fees

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Speaker 3: to do all this stuff? So who is your quarterback?

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Speaker 3: Who is going to be the one helping you? Have

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Speaker 3: you thought about this? You know, we see it each

434
00:20:25,720 --> 00:20:28,639
Speaker 3: and every every week that we work. It's amazing. You know,

435
00:20:28,680 --> 00:20:30,520
Speaker 3: we get the bad news that you know, a spouse

436
00:20:30,560 --> 00:20:33,399
Speaker 3: has passed or you know someone has passed, and what

437
00:20:33,440 --> 00:20:35,280
Speaker 3: do we do? Well, the first thing we all think

438
00:20:35,280 --> 00:20:37,560
Speaker 3: about is what about their what about their stuff? Is

439
00:20:37,600 --> 00:20:38,440
Speaker 3: it in order?

440
00:20:38,880 --> 00:20:39,000
Speaker 4: Well?

441
00:20:39,040 --> 00:20:41,199
Speaker 3: A husband or wife passes and the surviving spouse is

442
00:20:41,240 --> 00:20:43,639
Speaker 3: left wood sitting at the kitchen table, staring at a

443
00:20:43,640 --> 00:20:47,719
Speaker 3: stack of statements, passwords, accounts, decisions and deadlines that they

444
00:20:47,760 --> 00:20:50,840
Speaker 3: never expect to face alone. And that's if that was

445
00:20:50,840 --> 00:20:53,000
Speaker 3: all teed up for them already. But what if it

446
00:20:53,160 --> 00:20:55,760
Speaker 3: wasn't think about the confusion, you know, trying to find

447
00:20:55,760 --> 00:20:59,439
Speaker 3: the pass words, the accounts, the beneficiary forms well, And

448
00:20:59,480 --> 00:21:03,280
Speaker 3: the truth is that grief doesn't wait. Bills don't wait,

449
00:21:03,960 --> 00:21:07,120
Speaker 3: and the irs definitely doesn't wait. So what are you doing?

450
00:21:07,160 --> 00:21:09,560
Speaker 3: What's your plan? Pick up the phone, schedule time to

451
00:21:09,560 --> 00:21:11,200
Speaker 3: meet with us, because we can help you. Eight three

452
00:21:11,320 --> 00:21:12,760
Speaker 3: three Maggie Tax.

453
00:21:12,680 --> 00:21:14,760
Speaker 2: And what are the most important issues that we talk

454
00:21:14,800 --> 00:21:19,200
Speaker 2: about when something like this happens. Write this down, do nothing,

455
00:21:19,960 --> 00:21:23,399
Speaker 2: don't touch anything, don't touch the investments, do nothing and

456
00:21:23,440 --> 00:21:25,560
Speaker 2: give us a call eight three to three Magi Tax

457
00:21:25,640 --> 00:21:28,199
Speaker 2: because people are going to be, you know, hounding you.

458
00:21:28,240 --> 00:21:30,159
Speaker 4: They're going to be calling you. You don't need to

459
00:21:30,200 --> 00:21:30,479
Speaker 4: do that.

460
00:21:30,600 --> 00:21:32,280
Speaker 2: You're in a bad frame of mind right there a

461
00:21:32,320 --> 00:21:33,600
Speaker 2: lot of things going through your mind.

462
00:21:33,840 --> 00:21:34,919
Speaker 4: You're not sure what's going on.

463
00:21:34,960 --> 00:21:38,120
Speaker 2: So get some clarity and talk to Maggie Tax and

464
00:21:38,200 --> 00:21:41,440
Speaker 2: Wealth Advisors, because you know, it's not about fear, it's

465
00:21:41,440 --> 00:21:45,439
Speaker 2: about clarity, it's about protection. It's about making sure that

466
00:21:45,480 --> 00:21:50,280
Speaker 2: when life changes, your finances don't fall apart. So if

467
00:21:50,280 --> 00:21:52,720
Speaker 2: you've ever thought, I don't know what my spouse would

468
00:21:52,760 --> 00:21:55,560
Speaker 2: do if something happened to me, or I'm not sure

469
00:21:55,600 --> 00:21:59,679
Speaker 2: where all our accounts are, then this is your moment

470
00:21:59,720 --> 00:22:03,520
Speaker 2: to because this conversation can make all the difference when

471
00:22:03,560 --> 00:22:06,000
Speaker 2: your family needs it most. And Chris, the biggest thing

472
00:22:06,040 --> 00:22:07,960
Speaker 2: we do is state planning seminars. We do for a

473
00:22:08,000 --> 00:22:10,200
Speaker 2: month and I can't tell you how many people come

474
00:22:10,240 --> 00:22:13,720
Speaker 2: to us, young, middle age and older and they haven't

475
00:22:13,760 --> 00:22:16,399
Speaker 2: done anything, And there's always one or two in the

476
00:22:16,400 --> 00:22:19,480
Speaker 2: group that says, I just lost my spouse and I.

477
00:22:19,800 --> 00:22:20,880
Speaker 4: Don't know what to do.

478
00:22:21,520 --> 00:22:23,399
Speaker 2: So now when they come they make an appointment, they go,

479
00:22:23,440 --> 00:22:25,840
Speaker 2: I'm so glad you guys talk about this because what

480
00:22:25,960 --> 00:22:29,040
Speaker 2: Chris mentioned before. Does your advisor talk about it? Does

481
00:22:29,080 --> 00:22:31,960
Speaker 2: your tax person talk about it? The answer most commonly

482
00:22:31,960 --> 00:22:34,600
Speaker 2: that we get Chris's no. So we're offering that help

483
00:22:34,640 --> 00:22:36,719
Speaker 2: out there because you have to sit down and get

484
00:22:36,760 --> 00:22:39,520
Speaker 2: all your affairs in order. So let's talk about really happen,

485
00:22:39,680 --> 00:22:42,720
Speaker 2: about what really happens when a loved one passes, and

486
00:22:42,720 --> 00:22:45,000
Speaker 2: what you can do now to make sure that your

487
00:22:45,040 --> 00:22:46,000
Speaker 2: family is protected.

488
00:22:46,080 --> 00:22:47,440
Speaker 3: So what do you do? Wow, that was a lot

489
00:22:47,480 --> 00:22:49,520
Speaker 3: you just said. But many people out there listening are

490
00:22:49,560 --> 00:22:51,919
Speaker 3: probably leaning in and they want more, and we can

491
00:22:51,960 --> 00:22:54,520
Speaker 3: give them more. And it's not just about today's radio show.

492
00:22:54,560 --> 00:22:57,440
Speaker 3: It's about where's your plan? You know? And we talked

493
00:22:57,440 --> 00:23:00,359
Speaker 3: about investment planning, we talk about roth ecology four. In

494
00:23:00,400 --> 00:23:03,000
Speaker 3: the first segment, we're talking about what are you doing?

495
00:23:03,040 --> 00:23:04,639
Speaker 3: And many people say, well, I'll just work with my

496
00:23:04,680 --> 00:23:07,399
Speaker 3: advisor who has the least amount of fees. Well, really,

497
00:23:07,840 --> 00:23:10,000
Speaker 3: is that what it's all? About really, because you need

498
00:23:10,040 --> 00:23:12,720
Speaker 3: a complete planner. It's not just about the fees. It's

499
00:23:12,760 --> 00:23:16,239
Speaker 3: about what you understand and what you can do. So

500
00:23:16,320 --> 00:23:18,919
Speaker 3: what do you do immediately? Well, the immediate decisions have

501
00:23:18,960 --> 00:23:20,920
Speaker 3: to be made. You know what must happen in the

502
00:23:20,960 --> 00:23:23,480
Speaker 3: first forty eight to seventy two hours. Well, most families

503
00:23:23,520 --> 00:23:27,520
Speaker 3: don't know what to do, you know, death certificates, notifying institutions,

504
00:23:27,600 --> 00:23:31,400
Speaker 3: freezing certain accounts, securing documents. It's overwhelming.

505
00:23:31,720 --> 00:23:31,919
Speaker 2: You know.

506
00:23:31,960 --> 00:23:35,159
Speaker 3: We walk families through every step so nothing is missed

507
00:23:35,160 --> 00:23:39,520
Speaker 3: and nothing is done incorrectly during the most emotional time

508
00:23:39,720 --> 00:23:41,919
Speaker 3: of their lives. And then if you're going through this

509
00:23:42,000 --> 00:23:44,760
Speaker 3: right now, as my dad mentioned before, do nothing. Stop,

510
00:23:44,920 --> 00:23:46,920
Speaker 3: pick up the phone. You know what to call eight

511
00:23:46,960 --> 00:23:48,440
Speaker 3: three to three Maggie Tacks.

512
00:23:48,280 --> 00:23:49,760
Speaker 2: And you know the other thing. This is a very

513
00:23:49,760 --> 00:23:55,000
Speaker 2: important the financial cleanup. We call it titles beneficiaries, iras,

514
00:23:55,040 --> 00:23:58,680
Speaker 2: social security and required steps. This is where mistakes cost

515
00:23:58,760 --> 00:24:05,640
Speaker 2: families money. Improperly transferring iras, missing beneficiary reforms, mishandling life insurance,

516
00:24:06,000 --> 00:24:10,359
Speaker 2: or delaying social security notifications can lead to taxes, penalties,

517
00:24:10,720 --> 00:24:13,880
Speaker 2: or lost benefits. And proper guidance prevents all of that Chris.

518
00:24:13,920 --> 00:24:15,919
Speaker 2: This is why a lot of people come to us

519
00:24:16,000 --> 00:24:18,320
Speaker 2: and they're you know, they may have lost someone and

520
00:24:18,359 --> 00:24:20,119
Speaker 2: they may be going through probate. And even at my

521
00:24:20,160 --> 00:24:22,480
Speaker 2: seminars that we talk about, the word you want to

522
00:24:22,520 --> 00:24:25,240
Speaker 2: avoid is probate. But if you do all these things

523
00:24:25,240 --> 00:24:28,320
Speaker 2: I just mentioned, proper beneficiary reforms, make sure that your

524
00:24:28,480 --> 00:24:31,840
Speaker 2: accounts are title correctly, and the insurance is there, you're

525
00:24:31,840 --> 00:24:32,879
Speaker 2: not going to have these problems.

526
00:24:33,000 --> 00:24:33,320
Speaker 4: Chris.

527
00:24:33,320 --> 00:24:34,960
Speaker 3: You know what's interesting when people come in we put

528
00:24:34,960 --> 00:24:37,199
Speaker 3: together balance sheet. We asked people come up piles of

529
00:24:37,480 --> 00:24:39,800
Speaker 3: piles of statements, right, and they go, well, this is

530
00:24:39,840 --> 00:24:41,680
Speaker 3: this one, this is my ra, this is my roth.

531
00:24:41,800 --> 00:24:43,720
Speaker 3: I think this is another one. I get, this is

532
00:24:43,760 --> 00:24:45,520
Speaker 3: another one, and then this is my checking and then

533
00:24:45,760 --> 00:24:47,760
Speaker 3: this is another one. They don't know what it does.

534
00:24:48,080 --> 00:24:50,680
Speaker 3: Is it taxable? Is a non taxable will? It is

535
00:24:50,720 --> 00:24:52,840
Speaker 3: a tax free? You know what does it do?

536
00:24:53,000 --> 00:24:53,200
Speaker 2: Well?

537
00:24:53,240 --> 00:24:55,680
Speaker 3: We put together a balance sheet for you. It's one page.

538
00:24:55,720 --> 00:24:58,840
Speaker 3: It's simple. We make the Maggie Plan simple and easy,

539
00:24:58,840 --> 00:25:01,600
Speaker 3: if you'd understand. That's what we ca why, because you

540
00:25:01,720 --> 00:25:05,240
Speaker 3: deserve a simple and easy plan for yourself, we can

541
00:25:05,280 --> 00:25:07,240
Speaker 3: do that. That's why we urge you to pick up

542
00:25:07,240 --> 00:25:09,479
Speaker 3: the phone, lean in, schedule time to meet with us.

543
00:25:09,520 --> 00:25:12,399
Speaker 3: Eight three three Maggie Tax, My gosh, I mean we

544
00:25:12,840 --> 00:25:16,680
Speaker 3: help people put this together and when they leave, they

545
00:25:16,840 --> 00:25:19,520
Speaker 3: understand what they have. If do you understand what you have?

546
00:25:19,880 --> 00:25:21,760
Speaker 3: Many people out there are saying I don't really know.

547
00:25:21,800 --> 00:25:24,320
Speaker 3: Well that's okay, but let's do something about it. Eight

548
00:25:24,400 --> 00:25:26,040
Speaker 3: three to three Maggie Tax.

549
00:25:26,119 --> 00:25:29,160
Speaker 2: You know I mentioned before, you know, when one spouse passes,

550
00:25:29,160 --> 00:25:31,800
Speaker 2: what do you do? And I'll repeat it again, do nothing.

551
00:25:32,320 --> 00:25:34,520
Speaker 2: And we're offering this because if someone out there is

552
00:25:34,560 --> 00:25:37,120
Speaker 2: listening and maybe someone passed away, now is the time

553
00:25:37,160 --> 00:25:37,639
Speaker 2: to call us.

554
00:25:37,640 --> 00:25:39,960
Speaker 4: Because this is not something to sell.

555
00:25:40,000 --> 00:25:42,439
Speaker 2: This is something to educate, and this is something that

556
00:25:42,480 --> 00:25:44,199
Speaker 2: you need to get the right answers to make it right.

557
00:25:44,359 --> 00:25:46,960
Speaker 3: Let me clear though, you mentioned do nothing, do nothing,

558
00:25:46,960 --> 00:25:50,200
Speaker 3: but then you have to act right. So don't do nothing,

559
00:25:50,240 --> 00:25:52,160
Speaker 3: but don't make the stupid move. And what I mean

560
00:25:52,200 --> 00:25:54,480
Speaker 3: by that is you're gonna have people come in trying

561
00:25:54,520 --> 00:25:58,040
Speaker 3: to do transactional selling. Move this and move that. Understand

562
00:25:58,040 --> 00:26:01,320
Speaker 3: the process. First, you got time. It took you nine

563
00:26:01,320 --> 00:26:03,200
Speaker 3: months to get into this world. You know it takes

564
00:26:03,280 --> 00:26:06,600
Speaker 3: nine months before you can do something. So if anything happens,

565
00:26:06,720 --> 00:26:09,400
Speaker 3: you have time on your side. If you're the beneficiary,

566
00:26:09,720 --> 00:26:11,960
Speaker 3: especially if you're kids. My gosh, pick up the phone,

567
00:26:12,000 --> 00:26:13,800
Speaker 3: schedule time to meet with us, because we can help

568
00:26:13,840 --> 00:26:17,520
Speaker 3: you walk through the process. Eight three three Maggie tax.

569
00:26:17,560 --> 00:26:19,600
Speaker 3: So we talked about what to do, the immediate decisions.

570
00:26:19,880 --> 00:26:22,680
Speaker 3: We talked about the financial cleanup, the titles, the beneficiaries,

571
00:26:22,680 --> 00:26:26,280
Speaker 3: the IRA's social security, what stops right, Let's talk about

572
00:26:26,280 --> 00:26:27,440
Speaker 3: the survivor's plan.

573
00:26:27,560 --> 00:26:28,080
Speaker 1: What is that.

574
00:26:28,359 --> 00:26:31,199
Speaker 2: Well, it's making sure that the spouse is protected and

575
00:26:31,240 --> 00:26:33,280
Speaker 2: not overwhelmed because if there's no planning.

576
00:26:33,560 --> 00:26:34,639
Speaker 4: We talk about what we do.

577
00:26:34,840 --> 00:26:38,360
Speaker 2: You know, taxes and income planning, you know, investment planning,

578
00:26:38,720 --> 00:26:41,560
Speaker 2: legacy planning, of state planning. And if you're not doing

579
00:26:41,560 --> 00:26:43,520
Speaker 2: any of that, then you have a whole. You have

580
00:26:43,560 --> 00:26:45,640
Speaker 2: a hole that's going to create a bigger, bigger hole.

581
00:26:45,920 --> 00:26:50,280
Speaker 2: So when one spouse passes, everything changes, the income, the taxes,

582
00:26:50,359 --> 00:26:53,639
Speaker 2: the investments, the insurance, the requirement of distributions if you

583
00:26:53,680 --> 00:26:55,640
Speaker 2: have an IRA. And this is where Chris, A lot

584
00:26:55,640 --> 00:26:59,000
Speaker 2: of people get confused about iras because Congress changed the

585
00:26:59,080 --> 00:27:01,800
Speaker 2: laws when they did to secure erect because they write

586
00:27:01,920 --> 00:27:04,920
Speaker 2: them in pencil and most of you probably don't even

587
00:27:05,000 --> 00:27:06,800
Speaker 2: know about it until you come in and say, well

588
00:27:06,800 --> 00:27:09,760
Speaker 2: I didn't know that, because you probably didn't. So, Chris,

589
00:27:09,920 --> 00:27:12,119
Speaker 2: this is important that we sit down and talk to you.

590
00:27:12,840 --> 00:27:15,600
Speaker 2: We always say this, it's about education, and many of

591
00:27:15,640 --> 00:27:18,440
Speaker 2: you that know and have worked with us understand that's

592
00:27:18,480 --> 00:27:20,680
Speaker 2: what we do. We educate you first, and then you're

593
00:27:20,680 --> 00:27:23,440
Speaker 2: going to come to a decision or a solution that's

594
00:27:23,480 --> 00:27:24,280
Speaker 2: going to be right for you.

595
00:27:24,359 --> 00:27:27,360
Speaker 3: Well, let's just say, you know you mentioned the surviving spouse. Well,

596
00:27:27,520 --> 00:27:33,119
Speaker 3: the surviving spouse needs clarity today, needs structure today, needs

597
00:27:33,119 --> 00:27:37,520
Speaker 3: a plan today. Right, that's what it's about. You know.

598
00:27:37,560 --> 00:27:39,840
Speaker 3: We make sure that they're not left alone trying to

599
00:27:39,880 --> 00:27:43,280
Speaker 3: sort out a lifetime of financial decisions. And you can

600
00:27:43,280 --> 00:27:45,480
Speaker 3: think about your peers, you think about your neighbors. They're

601
00:27:45,480 --> 00:27:48,720
Speaker 3: going through these types of situations at your retirement park

602
00:27:48,840 --> 00:27:52,040
Speaker 3: or your retirement community. It doesn't have to be this way,

603
00:27:52,160 --> 00:27:53,560
Speaker 3: and that's why when you meet with us, we put

604
00:27:53,600 --> 00:27:56,639
Speaker 3: together a plan today. So when you leave and you

605
00:27:56,760 --> 00:28:00,000
Speaker 3: know that you have a quarterback and a team behind you,

606
00:28:00,280 --> 00:28:03,399
Speaker 3: that's a great feeling knowing that everything is taken care of.

607
00:28:03,600 --> 00:28:06,000
Speaker 2: You know what's funny, we do the seminars for a month.

608
00:28:06,040 --> 00:28:08,359
Speaker 2: You can go to my website Maggie tex dot com.

609
00:28:08,400 --> 00:28:10,639
Speaker 2: They're all listed there. We do them at libraries and

610
00:28:10,680 --> 00:28:13,199
Speaker 2: the reason why we do that is to educate because

611
00:28:13,200 --> 00:28:15,120
Speaker 2: many times we do these events and they come back

612
00:28:15,200 --> 00:28:17,920
Speaker 2: up to me or Kurk or Sam or even Chris

613
00:28:17,960 --> 00:28:19,920
Speaker 2: and say, you know what, I wasn't going to come

614
00:28:19,960 --> 00:28:22,280
Speaker 2: to this event because that's probably the same thing over

615
00:28:22,320 --> 00:28:24,639
Speaker 2: and over. But they learn something that they have to

616
00:28:24,680 --> 00:28:27,359
Speaker 2: do something, and we get the appointment based on that.

617
00:28:27,560 --> 00:28:30,280
Speaker 2: Because when you understand what's going on and you get

618
00:28:30,280 --> 00:28:32,959
Speaker 2: a better you know, I guess what's the word. I'm

619
00:28:33,000 --> 00:28:35,159
Speaker 2: looking for clarity on it. You're going to make a

620
00:28:35,240 --> 00:28:37,800
Speaker 2: right decision. And I think the problem because many people

621
00:28:37,800 --> 00:28:40,560
Speaker 2: are pushed into decisions that they don't know. And I

622
00:28:40,600 --> 00:28:43,400
Speaker 2: say this many times. My dad used to say the

623
00:28:43,440 --> 00:28:45,560
Speaker 2: hell with it, and I would ask him what do

624
00:28:45,640 --> 00:28:47,880
Speaker 2: you mean by the hell with it? He said, well,

625
00:28:47,920 --> 00:28:50,000
Speaker 2: you know, I don't want to ask a stupid question.

626
00:28:50,320 --> 00:28:54,160
Speaker 2: But when my mother passed away, my dad had no

627
00:28:54,280 --> 00:28:57,560
Speaker 2: idea what my mother did. And I say this at

628
00:28:57,600 --> 00:29:00,440
Speaker 2: every seminar. Some of you listening today saying that same

629
00:29:00,480 --> 00:29:03,840
Speaker 2: thing that the husband doesn't understand what happens? Ask them,

630
00:29:03,840 --> 00:29:05,760
Speaker 2: you know, we get around. We asked this question, you

631
00:29:05,760 --> 00:29:07,920
Speaker 2: know what happens if something happens to me or something

632
00:29:07,960 --> 00:29:10,080
Speaker 2: happens to you, And you know what, Chris, the answer is,

633
00:29:10,120 --> 00:29:11,720
Speaker 2: I don't know. I guess you know your mom's gonna

634
00:29:11,720 --> 00:29:14,040
Speaker 2: take care of it. That's not good enough because it's

635
00:29:14,040 --> 00:29:16,000
Speaker 2: going to create more problems than you want and you

636
00:29:16,000 --> 00:29:18,280
Speaker 2: don't need to be that way. So if you're listening today,

637
00:29:18,320 --> 00:29:21,360
Speaker 2: you're driving, maybe you're home, hanging out, whatever, the end

638
00:29:21,360 --> 00:29:23,240
Speaker 2: of the day is, let's do something. Let's put the

639
00:29:23,280 --> 00:29:25,640
Speaker 2: other plan, lean in, lean into what we're talking about today,

640
00:29:25,640 --> 00:29:29,680
Speaker 2: because that's what it's about, putting together a plan, and

641
00:29:29,720 --> 00:29:32,640
Speaker 2: that's what this conversation, that's why it matters. You know,

642
00:29:32,720 --> 00:29:35,440
Speaker 2: losing a loved one is already the hardest moment a

643
00:29:35,480 --> 00:29:38,280
Speaker 2: family can face, but losing them and then having to

644
00:29:38,360 --> 00:29:42,960
Speaker 2: fight through the financial confusion, the paperwork, the taxes, and

645
00:29:43,000 --> 00:29:46,320
Speaker 2: the difficult decisions, well, you know that's something no one

646
00:29:46,760 --> 00:29:50,120
Speaker 2: should ever go through alone. And there's many people out

647
00:29:50,120 --> 00:29:52,440
Speaker 2: there that will take advantage of this opportunity and you

648
00:29:52,480 --> 00:29:54,720
Speaker 2: don't need to go down that route. You know, if

649
00:29:54,720 --> 00:29:56,640
Speaker 2: you're listening right now, and you don't have a written

650
00:29:56,680 --> 00:30:01,080
Speaker 2: plan for what happens when one past spat pad spouse passes,

651
00:30:01,280 --> 00:30:03,560
Speaker 2: then you need to do something. If you're unsure how

652
00:30:03,640 --> 00:30:07,320
Speaker 2: accounts would transfer, or who your spouse would turn to,

653
00:30:07,720 --> 00:30:10,880
Speaker 2: or whether everything is even titled correctly. Now is the

654
00:30:10,960 --> 00:30:14,280
Speaker 2: time to take action, not someday in the future when

655
00:30:14,280 --> 00:30:16,520
Speaker 2: it's too late, So pick up the phone. Call Maggie

656
00:30:16,520 --> 00:30:20,560
Speaker 2: Tax and Wealth Advisors schedule your complimentary family protection and

657
00:30:20,640 --> 00:30:24,600
Speaker 2: legacy review. We'll show you exactly what would happen now

658
00:30:24,640 --> 00:30:28,320
Speaker 2: if something occurred tomorrow, and what needs fixing today. No fear,

659
00:30:28,400 --> 00:30:30,960
Speaker 2: no pressure, just clarity and peace of mind.

660
00:30:31,320 --> 00:30:34,120
Speaker 3: Call us now. Your family deserves this level of protection.

661
00:30:34,320 --> 00:30:35,720
Speaker 3: Eight three to three Maggie Tax.

662
00:30:38,400 --> 00:30:41,959
Speaker 1: Stop funding Uncle Sam's retirement and start planning for your

663
00:30:42,000 --> 00:30:45,480
Speaker 1: own successful retirement. As we return to the Maggie Tax

664
00:30:45,520 --> 00:30:48,920
Speaker 1: Financial Show with your host Robert and Chris Maggie with

665
00:30:49,040 --> 00:30:52,160
Speaker 1: Maggie Tax and Wealth Advisors. For information on how you

666
00:30:52,200 --> 00:30:55,800
Speaker 1: can create a tax free retirement. Call eight three three

667
00:30:56,240 --> 00:31:00,560
Speaker 1: Maggie Tax or visit Maggie Tax dot com. Now your

668
00:31:00,560 --> 00:31:03,800
Speaker 1: host with Maggie Tax and Wealth Advisors, Robert and Chris

669
00:31:03,800 --> 00:31:06,320
Speaker 1: Maggie Welcome.

670
00:31:06,000 --> 00:31:08,240
Speaker 3: Back to the mag At Tax and Wealth Advisors Show,

671
00:31:08,360 --> 00:31:10,240
Speaker 3: and this is our final segment today and we're so

672
00:31:10,320 --> 00:31:12,960
Speaker 3: glad to be here because education is so important. But

673
00:31:13,120 --> 00:31:15,040
Speaker 3: you know what, lean in right now, because there's so

674
00:31:15,040 --> 00:31:18,160
Speaker 3: many things that we've been discussing throughout today's show, rowthology.

675
00:31:18,680 --> 00:31:21,320
Speaker 3: We're talking about what to do on a loved one

676
00:31:21,400 --> 00:31:24,800
Speaker 3: passes investment planning, and I want you to lean in

677
00:31:24,840 --> 00:31:27,720
Speaker 3: and really understand this carefully because what we're about to

678
00:31:27,720 --> 00:31:32,080
Speaker 3: talk about separates true retirement planning from the generic advice

679
00:31:32,160 --> 00:31:35,480
Speaker 3: that most people get. There are advisors out there who

680
00:31:35,520 --> 00:31:39,880
Speaker 3: manage investments, advisors who prepare taxes, advisors who sell insurance,

681
00:31:40,000 --> 00:31:43,840
Speaker 3: advisors who do estate documents, but very few and I

682
00:31:43,840 --> 00:31:46,680
Speaker 3: mean a very few, actually bring it all together in

683
00:31:46,840 --> 00:31:50,440
Speaker 3: one coordinated plan. So let's talk about what we're discussing

684
00:31:50,520 --> 00:31:52,560
Speaker 3: right now and why it's so important for people to

685
00:31:52,640 --> 00:31:53,280
Speaker 3: just listen in.

686
00:31:53,440 --> 00:31:56,520
Speaker 2: And if your advisor, like Chris mentioned, handles one slice

687
00:31:56,600 --> 00:31:59,760
Speaker 2: of your financial life, you don't have a complete plan.

688
00:32:00,200 --> 00:32:04,040
Speaker 2: You have a collection of disconnected parts. And when life changes,

689
00:32:04,160 --> 00:32:06,760
Speaker 2: and it always does, you all know this, those missing

690
00:32:06,800 --> 00:32:10,400
Speaker 2: pieces become very expensive mistakes. And that's why this final

691
00:32:10,440 --> 00:32:13,200
Speaker 2: segment is all about the difference between working with an

692
00:32:13,240 --> 00:32:17,480
Speaker 2: advisor and working with a complete planner who does complete planning.

693
00:32:17,880 --> 00:32:21,760
Speaker 2: So your money doesn't live in silos, so you're planning

694
00:32:21,920 --> 00:32:29,280
Speaker 2: shouldn't either. Investments affect taxes, Taxes affect income, income affects medicare.

695
00:32:30,080 --> 00:32:33,760
Speaker 2: Medicare affects your cash flow. The state planning affects everything.

696
00:32:33,840 --> 00:32:37,840
Speaker 2: So if these pieces aren't working together, they're working against

697
00:32:37,920 --> 00:32:39,720
Speaker 2: you and Chris, that's the problem.

698
00:32:40,720 --> 00:32:43,080
Speaker 3: You know, take a deep breath here, because I'm listening

699
00:32:43,160 --> 00:32:44,680
Speaker 3: to you what you just said. You said a lot

700
00:32:44,720 --> 00:32:47,640
Speaker 3: of great points here. Investments affect tax as you said,

701
00:32:47,680 --> 00:32:50,400
Speaker 3: I think you said, taxes affect income, and state planning

702
00:32:50,400 --> 00:32:55,200
Speaker 3: affects everything. My gosh, so domino effect. So why would

703
00:32:55,280 --> 00:32:57,600
Speaker 3: someone just want to work with an advisor who's just

704
00:32:57,880 --> 00:32:59,400
Speaker 3: managing their own money.

705
00:32:59,640 --> 00:33:02,160
Speaker 2: Because that's what we were taught And I mentioned that before.

706
00:33:02,200 --> 00:33:03,800
Speaker 2: I'm older than you, and there are people out there

707
00:33:03,840 --> 00:33:05,920
Speaker 2: older than you as well, But this is what we

708
00:33:05,920 --> 00:33:07,880
Speaker 2: were taught. And I have to tell you, you break

709
00:33:07,920 --> 00:33:11,600
Speaker 2: the bubble when people come in because we surprise them

710
00:33:11,680 --> 00:33:13,680
Speaker 2: go like, well, gee, my guy doesn't talk about it.

711
00:33:13,760 --> 00:33:15,520
Speaker 2: You know, when I ask people why don't you go

712
00:33:15,560 --> 00:33:17,840
Speaker 2: back and ask them why you didn't tell you, because

713
00:33:17,840 --> 00:33:21,400
Speaker 2: they should. That's the responsibility, Chris to educate, not to

714
00:33:21,520 --> 00:33:23,960
Speaker 2: sell a stock bond on a mutual fund.

715
00:33:24,160 --> 00:33:25,040
Speaker 4: So that's wrong.

716
00:33:25,160 --> 00:33:27,200
Speaker 3: Yeah, So I and I know you feel the same

717
00:33:27,240 --> 00:33:29,360
Speaker 3: because it's why we work together and doing this. I

718
00:33:29,400 --> 00:33:32,720
Speaker 3: think we think it's the service if I do. If

719
00:33:32,800 --> 00:33:35,680
Speaker 3: an advisor's out there just says, well, I don't do taxes,

720
00:33:35,680 --> 00:33:37,880
Speaker 3: I don't do medicare, I don't I don't deal with

721
00:33:37,920 --> 00:33:40,600
Speaker 3: anything without incomplaining. I just deal with investments and managing money.

722
00:33:41,320 --> 00:33:44,400
Speaker 3: Time out, like, what are we doing? How many? How

723
00:33:44,480 --> 00:33:47,320
Speaker 3: many accounts have we seen? People that sad? I've worked

724
00:33:47,360 --> 00:33:49,160
Speaker 3: with my advisor for so many years and then we

725
00:33:49,200 --> 00:33:50,640
Speaker 3: ask them what we have a will and a trust

726
00:33:50,640 --> 00:33:52,560
Speaker 3: put together right in the state documents? They go, we

727
00:33:52,920 --> 00:33:56,440
Speaker 3: don't have that. What does that mean? Isn't it a disservice?

728
00:33:57,280 --> 00:33:59,280
Speaker 2: And part of it's going to be because that's all

729
00:33:59,320 --> 00:34:01,680
Speaker 2: they can do and that's all they want to do.

730
00:34:01,720 --> 00:34:04,240
Speaker 2: And years ago I got into this business because I

731
00:34:04,280 --> 00:34:06,440
Speaker 2: started with medicare and then I started with life insurance,

732
00:34:06,440 --> 00:34:08,680
Speaker 2: and I kept getting questions, Hey, Bobby, why don't you

733
00:34:08,719 --> 00:34:11,000
Speaker 2: do investments. Hey, Bobby, why don't you do a state planning?

734
00:34:11,200 --> 00:34:13,239
Speaker 2: And there were answers that I had to legitimately give

735
00:34:13,280 --> 00:34:15,879
Speaker 2: because I was an investment advisor at that point. I'm

736
00:34:15,920 --> 00:34:18,279
Speaker 2: not an attorney, which is fine, but why can't you

737
00:34:18,320 --> 00:34:20,480
Speaker 2: at least educate them, Chris and lead them in the

738
00:34:20,560 --> 00:34:22,719
Speaker 2: right direction, which is what we do every single day.

739
00:34:22,760 --> 00:34:24,520
Speaker 3: Well, I set and you know we're talking about most

740
00:34:24,520 --> 00:34:27,120
Speaker 3: advisor only focus on one area, and that's where the

741
00:34:27,200 --> 00:34:30,560
Speaker 3: gaps can cost you. So one advisor handles investments and

742
00:34:30,600 --> 00:34:32,960
Speaker 3: now there are files or taxes and other sales, insurance

743
00:34:33,000 --> 00:34:35,640
Speaker 3: and other drafts, legal documents, but none of them talk

744
00:34:35,719 --> 00:34:38,760
Speaker 3: to each other. That's how families end up with missed

745
00:34:38,920 --> 00:34:41,920
Speaker 3: roth opportunities. We're talking about rothology before in the first segment,

746
00:34:41,960 --> 00:34:45,840
Speaker 3: tax surprises, improper beneficiaries, and plans that fall apart.

747
00:34:45,880 --> 00:34:49,160
Speaker 2: The moment of spouse passes away unbelievable. And you know

748
00:34:49,200 --> 00:34:51,880
Speaker 2: what that falls on us too because the education isn't there.

749
00:34:51,920 --> 00:34:53,320
Speaker 4: And you say this a lot.

750
00:34:53,480 --> 00:34:55,960
Speaker 2: When was the last time we were taught about and

751
00:34:56,000 --> 00:34:58,480
Speaker 2: this is going to be silly balancing a checkbook?

752
00:34:58,640 --> 00:35:00,000
Speaker 4: Well we don't need to now.

753
00:35:00,120 --> 00:35:01,560
Speaker 3: But you know what we're in a yoyo economy. And

754
00:35:01,560 --> 00:35:03,239
Speaker 3: here's what I'm saying. You're on your own right and

755
00:35:03,280 --> 00:35:04,640
Speaker 3: the end of the day, you got to do something.

756
00:35:04,640 --> 00:35:06,879
Speaker 3: So if you're listening today and you're listening saying, you're

757
00:35:06,880 --> 00:35:09,040
Speaker 3: shaking your head up and down, saying you're right, you're right,

758
00:35:09,080 --> 00:35:11,680
Speaker 3: you're right, and pick up the phone, schedule time to

759
00:35:11,719 --> 00:35:15,359
Speaker 3: meet with us, because you deserve. Second opinion eight three

760
00:35:15,440 --> 00:35:18,400
Speaker 3: three Maggie Tax eight three three Maggie Tax.

761
00:35:18,560 --> 00:35:21,560
Speaker 2: So a complete planner, as we're talking about, coordinates every

762
00:35:21,560 --> 00:35:24,080
Speaker 2: part of your life today and long after you're gone.

763
00:35:24,160 --> 00:35:27,200
Speaker 2: So let's talk about a complete planner. Handles taxes, we

764
00:35:27,320 --> 00:35:30,880
Speaker 2: do that, investments, we do that income planning specialty in

765
00:35:30,920 --> 00:35:34,160
Speaker 2: that roth convergence. We just talk about rothology because many

766
00:35:34,200 --> 00:35:36,680
Speaker 2: of you don't know how to pay less tax and

767
00:35:36,800 --> 00:35:39,399
Speaker 2: no tax. And if your advisor is not talking about

768
00:35:39,400 --> 00:35:43,640
Speaker 2: it, it's because he doesn't understand it. Social Security, medicare, a

769
00:35:43,760 --> 00:35:46,319
Speaker 2: state and legacy planning. I told you before. Go to

770
00:35:46,320 --> 00:35:50,080
Speaker 2: our own website, Maggie Tax dot com. Register for our seminars.

771
00:35:50,080 --> 00:35:52,680
Speaker 2: We do four a month all over Penelos and Hillsboro

772
00:35:52,719 --> 00:35:55,399
Speaker 2: County in Sarasota. Also, and like I said, every time

773
00:35:55,440 --> 00:35:57,880
Speaker 2: people come, they say, I am so glad I attended.

774
00:35:58,080 --> 00:35:59,400
Speaker 4: What about survivor planning?

775
00:35:59,480 --> 00:36:02,080
Speaker 2: Does any of you your advisors will tax people, you know,

776
00:36:02,160 --> 00:36:05,279
Speaker 2: talk about survival planning. A lot's going to happen there.

777
00:36:05,440 --> 00:36:08,920
Speaker 2: What about risk management? Chris mentioned it before. Maybe your

778
00:36:09,000 --> 00:36:13,160
Speaker 2: risk has changed over time. So everything one team, one plan,

779
00:36:13,520 --> 00:36:16,719
Speaker 2: one clear roadmap. And that's the difference between guesswork and

780
00:36:16,760 --> 00:36:19,319
Speaker 2: real retirement planning. Christ And you know what, I'm so

781
00:36:19,400 --> 00:36:22,120
Speaker 2: glad we do what we do because it's worked.

782
00:36:21,680 --> 00:36:24,080
Speaker 3: And it's not it only just worked. It's helped so

783
00:36:24,120 --> 00:36:27,400
Speaker 3: many families out there. You know, we do our employee

784
00:36:28,000 --> 00:36:30,319
Speaker 3: gathering and and one of the things we start off

785
00:36:30,320 --> 00:36:32,080
Speaker 3: as with at the end of the year is how

786
00:36:32,080 --> 00:36:34,680
Speaker 3: many families we've we've helped. And that is that is

787
00:36:34,680 --> 00:36:37,400
Speaker 3: true to our hearts because we give back and at

788
00:36:37,400 --> 00:36:39,399
Speaker 3: the end of the day, we're helping families out there,

789
00:36:39,520 --> 00:36:41,839
Speaker 3: you know, one family at a time and with their income playing,

790
00:36:41,840 --> 00:36:44,880
Speaker 3: their tax planning, their investment planning, their estate planning. You

791
00:36:44,920 --> 00:36:47,759
Speaker 3: know what to do when when when a spouse passes away,

792
00:36:47,400 --> 00:36:50,960
Speaker 3: who do they call immediately us? That's a beautiful thing.

793
00:36:51,040 --> 00:36:53,640
Speaker 3: So a three three Maggie tax. So at the end

794
00:36:53,680 --> 00:36:56,400
Speaker 3: of the day, retirement is just too important to leave

795
00:36:56,440 --> 00:36:59,160
Speaker 3: the chance. The stakes are too high, the rules are

796
00:36:59,200 --> 00:37:03,280
Speaker 3: just too complex, and the consequences of poor planning show

797
00:37:03,360 --> 00:37:06,600
Speaker 3: up when it's just too late to fix them. If

798
00:37:06,600 --> 00:37:08,840
Speaker 3: you don't have a complete plan, you have pieces of

799
00:37:09,000 --> 00:37:12,960
Speaker 3: scattered that across different advisors, or if you simply want

800
00:37:13,000 --> 00:37:16,240
Speaker 3: to know whether everything in your financial life actually works together,

801
00:37:16,400 --> 00:37:19,239
Speaker 3: this is your moment to take action. Give us a

802
00:37:19,280 --> 00:37:22,120
Speaker 3: call Maggie Tax and Wealth Advisors right now, schedule a

803
00:37:22,160 --> 00:37:27,480
Speaker 3: complete planning review eight three three Magi Tax and Wealth Advisors.

804
00:37:27,800 --> 00:37:32,480
Speaker 3: We'll look at your taxes, your investments, your income, your estate, documents, beneficiaries,

805
00:37:32,560 --> 00:37:34,680
Speaker 3: all of it, and we'll show you in a simple

806
00:37:34,800 --> 00:37:39,239
Speaker 3: English way what's working, what's missing, and what needs to

807
00:37:39,320 --> 00:37:42,080
Speaker 3: be fixed. There's no guessing, there's no hoping, there's no

808
00:37:42,160 --> 00:37:47,000
Speaker 3: blind spots, just a real plan for real life. If

809
00:37:47,000 --> 00:37:48,920
Speaker 3: this is on your mind, lean in right now, pick

810
00:37:48,960 --> 00:37:51,920
Speaker 3: up the phone. Call us now. Your future deserves complete

811
00:37:52,360 --> 00:37:55,359
Speaker 3: planning and show does your family a three to three

812
00:37:55,400 --> 00:37:57,840
Speaker 3: Maggie Tax that's eight three to three Magi Tax schedule.

813
00:37:57,920 --> 00:37:58,920
Speaker 3: Time to leave with us today.

814
00:38:01,960 --> 00:38:04,759
Speaker 1: Thank you for listening to Maggie Tax and financial Show

815
00:38:04,840 --> 00:38:08,600
Speaker 1: with Robert and Chris Maggie of Maggie Tax Wealth Advisors.

816
00:38:08,680 --> 00:38:12,000
Speaker 1: Listen here five to six pm every Saturday, and from

817
00:38:12,000 --> 00:38:15,200
Speaker 1: eleven am till noon every Sunday, or anytime on the

818
00:38:15,239 --> 00:38:18,760
Speaker 1: free iHeartRadio app. And remember, you can pay less tax

819
00:38:18,920 --> 00:38:22,759
Speaker 1: with Maggie Tax Program. Content provided by Maggie Tax Wealth

820
00:38:22,800 --> 00:38:26,160
Speaker 1: and Advisors. Call them at eight three three Maggie Tax,

821
00:38:26,360 --> 00:38:31,520
Speaker 1: or visit them online at Maggietax dot com