63 episodes
The Truth About Taxes and Retirement J. Barry Watts
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- Education
Welcome to The Truth About Taxes & Retirement Podcast with J. Barry Watts from SavingYouTaxes.com. In this podcast, Barry puts four decades of experience as a Tax Strategist and Retirement Designer to work in helping business owners find ways to reduce income taxes immediately and helping people approaching retirement reduce or eliminate the taxes they will pay on their retirement income---sometimes achieving the zero percent tax bracket
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Paying Less Taxes Now & In Retirement (Ep. 64)
What do you think is your number one expense in retirement? (Hint: It’s not healthcare.)
If you said taxes, you guessed it right! Healthcare costs pale in comparison to what you pay in taxes during retirement.
In this episode, J. Barry Watts helps you understand strategic tax planning, how it differs from tax compliance, and how the right team of experts can make it incredibly simple for you — so you can pay less taxes now and in retirement.
Barry discusses:
Four signs to determine if your tax professional is working for you or the IRS
The difference between tax strategists and CPAs (expertise and approach to tax planning)
Why you should NOT be afraid of audits
How to know if a tax strategy is legitimate
And more
Connect With Barry Watts:
Schedule an Introductory Call
PriorityCare@WealthCareCorp.com
(417) 882-1726
WealthCareCORP.com
LinkedIn: J Barry Watts
LinkedIn: WealthCareCorporation
Twitter:@jbarrywatts -
Untangling the Retirement Rat’s Nest (Ep. 63)
Have you ever seen a rat’s nest? It is tangled, messy, and unorganized.
Your retirement can end up looking just like a rat’s nest if you don’t plan properly! Your Social Security, pension, taxes, Medicare…everything entangled into a chaotic mess.
In this episode, J. Barry Watts shares a six-step process to untangle the retirement rat’s nest, so you can retire with clarity and confidence.
Barry discusses:
Why financial planning is a lot more than just “managing money”
How to build a tax-efficient income that lasts until you’re 100 years old
Planning for healthcare and long-term care
How to leave behind a lasting legacy that extends beyond material possessions
And more
Connect With Barry Watts:
Schedule an Introductory Call
PriorityCare@WealthCareCorp.com
(417) 882-1726
WealthCareCORP.com
LinkedIn: J Barry Watts
LinkedIn: WealthCareCorporation
Twitter:@jbarrywatts -
Demystifying Medicare (Ep. 62)
Are you struggling to navigate Medicare?
You’re not alone. The complex web of rules, acronyms, and jargon involved in this enigmatic government program leaves many scratching their heads!
In this episode, J. Barry Watts demystifies Medicare and helps you make informed decisions for choosing the right plan and meeting your healthcare needs cost-effectively.
Barry discusses:
The different types of Medicare plans (Parts A, B, C and D)
How to pay for expenses that are NOT covered by Medicare
Medicare Supplement vs. Medicare Advantage plans (how to know what’s right for you)
When and how you can enroll for Medicare
And more
Connect With Barry Watts:
Schedule an Introductory Call
PriorityCare@WealthCareCorp.com
(417) 882-1726
WealthCareCORP.com
LinkedIn: J Barry Watts
LinkedIn: WealthCareCorporation
Twitter:@jbarrywatts -
The Three Don’ts: Don’t Run Out of Money (Ep. 61)
You can’t afford to run out of money in retirement!
When you've quit your job and stopped receiving a paycheck, you must protect your nest egg for the rest of your life.
In this part three of a three-part series called The Three Don’ts of Retirement, J. Barry Watts shares how to build a retirement income plan and avoid running out of money.
Barry discusses:
How to build an income plan around your Sit-On-The-Porch number
How people might accidentally run out of money in retirement
Three key factors that drive your retirement income (regardless of what the stock market does)
And more
Resources:
The Three Don’ts: Burden Your Family (Ep. 59)
The Three Don’ts: Overpay Your Taxes (Ep. 60)
Connect With Barry Watts:
Schedule an Introductory Call
PriorityCare@WealthCareCorp.com
800-278-1755
WealthCareCORP.com
LinkedIn: J Barry Watts
LinkedIn: WealthCareCorporation
Twitter:@jbarrywatts -
The Three Don’ts: Overpay Your Taxes (Ep. 60)
Do you think taxes are going up or down over the course of your retirement?
After surveying thousands of people, we found that overpaying in taxes is one of the greatest concerns among those preparing for retirement.
In this part two of a three-part series called The Three Don’ts Of Retirement, J. Barry Watts explores ways to reduce your total tax bill throughout your retirement, especially with the current income tax rates expected to rise in the future.
Barry discusses:
The problem with IRAs and 401(k)s and their impact on retirement savings
Why required minimum distributions (RMDs) are like a ticking tax time bomb strapped to your retirement
How to take advantage of tax-free accounts
Latest changes in tax rates and brackets
And more
Resources:
The Three Don’ts: Burden Your Family (Ep. 59)
Connect With Barry Watts:
Schedule an Introductory Call
PriorityCare@WealthCareCorp.com
800-278-1755
WealthCareCORP.com
LinkedIn: J Barry Watts
LinkedIn: WealthCareCorporation
Twitter:@jbarrywatts -
The Three Don’ts: Burden Your Family (Ep. 59)
Many people think about a nursing home when we talk about long-term care. But long-term care could also be care in your home. It could also include adult day care, or assisted living.
While it may not be a pleasant topic to think about, it is essential to ensure you receive the care you need while reducing the financial and emotional burden on your loved ones!
In this episode, J. Barry Watts explains how to plan for your long-term care in an effective and timely manner — and one that is affordable for you.
Barry discusses:
Five ways you can pay for long-term care
What to do if an illness disqualifies you from long-term care protection
The benefits of life insurance with an accelerated death benefit (ADB)
Why relying on your partner for long-term care might not be the best plan
And more
Connect With Barry Watts:
Schedule an Introductory Call
PriorityCare@WealthCareCorp.com
800-278-1755
WealthCareCORP.com
LinkedIn: J Barry Watts
LinkedIn: WealthCareCorporation
Twitter:@jbarrywatts
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