In this episode of Watts on Wealth Radio, Barry Watts examines the significant impact of taxes on retirement, underscoring the necessity of comprehensive tax planning. He discusses the anticipated $90 trillion wealth transfer to the millennial generation, urging them to prepare for this financial influx. Barry also addresses the recent bankruptcy of Yellow Freight, which has $6.5 billion in pension obligations, advising affected employees to consider lump-sum cash buyouts. He outlines the three stages of retirement—go-go, slow-go, and no-go years—and emphasizes the importance of long-term care planning and effective estate management. Barry encourages regular reviews of retirement plans to ensure they remain relevant and responsive to changing financial landscapes.

Get Watts On Wealth the Book: https://a.co/d/bETW4aY

Website: https://wealthcarecorp.com/

Facebook: https://www.facebook.com/WealthCareCorp

YouTube: https://www.youtube.com/@WattsOnWealth

Be sure to listen to Watts on Wealth with Barry Watts every Sunday at 8:30am on Springfield’s Talk 104.1 FM

- 031. Three Stages of Retirement -

“Thank you for Listening” - J. Barry Watts

In this episode of Watts on Wealth Radio, Barry Watts and Ralph Hip explore the impact of market volatility on retirement plans and the importance of managing risk. They discuss the key provisions of the Secure Act 2.0, including penalty-free emergency withdrawals up to $1,000 and delayed required minimum distributions until age 75. Barry highlights the need for a comprehensive retirement income plan, covering tax strategies, investment advice, and preparation for healthcare and travel expenses. The episode also introduces Barry's new book, What’s on Wealth, filled with detailed retirement planning tips.

Get Watts On Wealth the Book: https://a.co/d/bETW4aY

Website: https://wealthcarecorp.com/

Facebook: https://www.facebook.com/WealthCareCorp

YouTube: https://www.youtube.com/@WattsOnWealth

Be sure to listen to Watts on Wealth with Barry Watts every Sunday at 8:30am on Springfield’s Talk 104.1 FM

- 030. Secure Act 2.0 -

“Thank you for Listening” - J. Barry Watts

On this episode of Watts on Wealth Radio, financial expert Barry Watts addresses the growing impact of baby boomer retirements, with over 4 million people turning 65 annually through 2027. Barry discusses the strain this aging population places on Social Security and healthcare services, highlighting the importance of retirement planning. He explains how annuities can provide security and guaranteed income, detailing the different types, including immediate, investment, variable, fixed, and fixed indexed annuities. Barry also emphasizes the need for a holistic retirement plan that includes income, tax, long-term care, and estate planning. The show wraps up with practical advice on co-signing college loans and the value of seeking a second opinion in retirement planning.

Get Watts On Wealth the Book: https://a.co/d/bETW4aY

Website: https://wealthcarecorp.com/

Facebook: https://www.facebook.com/WealthCareCorp

YouTube: https://www.youtube.com/@WattsOnWealth

Video Reference: What I Learned About Retirement by Falling Off the Boat Dock

Be sure to listen to Watts on Wealth with Barry Watts every Sunday at 8:30am on Springfield’s Talk 104.1 FM

- 029. All About Annuities -

“Thank you for Listening” - J. Barry Watts

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