Barry Watts and Ralph Hipp discuss the impact of the government shutdown on retirement planning. Barry argues that the shutdown is beneficial, as it highlights non-essential government roles. He emphasizes the importance of tax strategies, stress-testing portfolios, and having a retirement income plan. Jeremy Zickefoose explains the concept of a "sitting on the porch" number to determine retirement income needs. They also discuss Social Security strategies, including claiming benefits at the right age and considering spousal benefits. Barry advises on managing required minimum distributions (RMDs) and the importance of life insurance for long-term care

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

- 058. Confident Retirement in a Changing Economy -

“Thank you for Listening” - J. Barry Watts

#JBarryWatts #RetirementPlanning #inflation

#TruthAboutTaxesAndRetirement #WealthCareCorporation #SavingYouTaxes #Springfield #MO #Missouri #Retirement #RetirementStrategy #tax #taxes #WealthCareCorp #WattsOnWealth #watts #barrywatts

Barry Watts, Jeremy Zickefoose and Ralph Hipp discuss retirement planning on "Watts on Wealth Radio." They highlight the importance of diversifying income sources beyond interest rates, which are currently low due to a 25 basis point Federal Reserve rate cut. They emphasize the need for a comprehensive retirement income plan that includes dividends, capital gains, and tax strategies. Barry shares tax tips, such as using IRA accounts for charitable contributions and deferring capital gains taxes. They also discuss estate planning, stressing the importance of wills, trusts, and beneficiary designations to ensure assets are managed effectively post-retirement. Barry's book, "Watts on Wealth," offers further insights into 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

Click the link to listen now: https://pod.link/1737485633

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

- 057. Six Steps to Retirement Confidence -

“Thank you for Listening” - J. Barry Watts

#JBarryWatts #RetirementPlanning #inflation

#TruthAboutTaxesAndRetirement #WealthCareCorporation #SavingYouTaxes #Springfield #MO #Missouri #Retirement #RetirementStrategy #tax #taxes #WealthCareCorp #WattsOnWealth #watts #barrywatts

Barry Watts, Jeremy Zickefoose and Ralph Hipp discussed retirement strategies on their radio show. They highlighted the new Trump accounts for children born between 2025 and 2028, which will receive $1,000 from the government and allow parents to add $5,000. They also addressed Social Security, noting that Missouri has eliminated capital gains tax and that the average Social Security check is $2,000. Barry emphasized the importance of tax planning, suggesting strategies like donor-advised funds and Roth conversions. They advised having six months' living expenses in cash and stressed the need for a holistic retirement plan to maximize income and minimize taxes.

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

Click the link to listen now: https://pod.link/1737485633

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

- 056. Maximizing Retirement Confidence -

“Thank you for Listening” - J. Barry Watts

#JBarryWatts #RetirementPlanning #inflation

#TruthAboutTaxesAndRetirement #WealthCareCorporation #SavingYouTaxes #Springfield #MO #Missouri #Retirement #RetirementStrategy #tax #taxes #WealthCareCorp #WattsOnWealth #watts #barrywatts