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The Truth About Taxes and Retirement

By: J. Barry Watts
  • Summary

  • 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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Episodes
  • Why the Wealthy Are Perceived to Not Pay Their Fair Share of Taxes (and you don’t have to, either.) (Ep. 68)
    May 8 2024
    Do you ever feel that taxation is skewed against the average citizen? Or that wealthy people don’t pay their fair share? It’s because they know how to use the tax code to their advantage! In this episode, J. Barry Watts peels back the layers of the tax system and explains how to apply the tax code's provisions to your benefit — just like the wealthy. Barry discusses: Why people don’t trust the government with their tax money What it means to find the “red lights” and “green lights” in the tax code Little-known tax-saving strategies (such as investing in rare earth minerals) Additional examples of using the tax code to one's advantage, such as segregated asset plans and the "Augusta Rule" Questions you should be asking your CPA 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 YouTube: Watts On Wealth
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    30 mins
  • Planning Your Retirement Income (Ep. 67)
    Apr 24 2024
    What do you need to feel confident in retirement? Is it $1 million? $2 million? Actually, it’s not about how much money you accumulate, but rather having a retirement income plan. Join J. Barry Watts for an insightful conversation about converting your lifetime savings into a consistent income source that lasts until the end of your life. Barry discusses: The first step of a retirement income plan — your ‘sitting on the porch’ number The overwhelming shift from saving to spending your hard-earned nest egg How to be psychologically and relationally ready for retirement How interest rates might impact your retirement income Common mistakes to avoid during the distribution phase of retirement And more Resources: Three Ways to Lower Your Taxes in Retirement Connect With Barry Watts: Schedule an Introductory Call PriorityCare@WealthCareCorp.com (417) 882-1726 WealthCareCORP.com LinkedIn: J Barry Watts LinkedIn: WealthCareCorporation Twitter:@jbarrywatts YouTube: Watts On Wealth
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    28 mins
  • The Difference Between Death Insurance vs Life Insurance (Ep. 66)
    Jan 3 2024
    Do you have insurance to secure your family’s financial future? If yes, when was the last time you reviewed your policy? It’s Life Insurance Awareness Month! Let’s look at how insurance plays a crucial role in your overall retirement plan. In this episode, J. Barry Watts delves into the intricacies of life insurance and the difference between death insurance and life insurance. Barry discusses: Temporary vs. permanent insurance (how to know what’s right for you) Ways life insurance can create tax-free income How to use your death benefit while you're living (Accelerated Death Benefit) A peak into Barry’s personal life insurance policy, including monthly payments and death benefit 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 
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    35 mins

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