Barry Watts and Ralph Hipp discuss financial regrets, particularly in retirement, and strategies to avoid them. A survey by Bankrate revealed that 77% of retirees have financial regrets, with 22% regretting not saving early enough and 18% not saving enough for emergencies. Barry emphasizes the importance of planning and education, offering his six steps to retirement confidence. He advises on tax strategies, including converting traditional IRAs to ROTHs while taxes are low, and creating a retirement income plan. Barry also addresses concerns about long-term care, estate planning, and business succession, stressing the need for proactive financial 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

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

- 032. 401k's and Mailbag Questions -

“Thank you for Listening” - J. Barry Watts

#JBarryWatts #RetirementPlanning #inflation

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

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

#JBarryWatts #RetirementPlanning #inflation

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

In this episode of Watts on Wealth Radio, financial expert Barry Watts and host Ralph Hip discuss the upcoming cost of living adjustment (COLA) for Social Security, reflecting on last year’s 8.7% increase. They explore concerns over government manipulation of job reports and the potential effects on retirement accounts. Barry emphasizes the critical steps in proper retirement planning, such as consolidating accounts, conducting a retirement income analysis, and maintaining a home equity line of credit. He also underscores the importance of strategic tax planning to save money and prepare for long-term care and unexpected expenses. The episode concludes with Barry’s critique of inefficiencies in the healthcare system and a call for more competition to improve services.

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

- 028. Mailbag Questions -

“Thank you for Listening” - J. Barry Watts

#JBarryWatts #RetirementPlanning #inflation

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

On this episode of Watts on Wealth Radio, financial expert Barry Watts and host Ralph Hip explore the financial stages of life, with a focus on retirement planning. Barry emphasizes the importance of starting early, aiming to save 20% of income, and understanding the long-term effects of inflation. He advises against using retirement funds to pay off debts and stresses the need for a comprehensive retirement income plan. The discussion covers age-related financial milestones like Social Security benefits and Medicare eligibility, as well as the importance of estate planning. A quiz on inflation history and the risks of hoarding cash adds an interactive element to the conversation.

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

- 027. Five Financial Stages of Life -

“Thank you for Listening” - J. Barry Watts

#JBarryWatts #RetirementPlanning #inflation

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

In this episode, financial expert Barry Watts and host Ralph Hipp dive into the current financial landscape, focusing on how to take advantage of higher interest rates while they last. Barry shares his predictions of a potential interest rate reduction in September, advising listeners to consider longer-term bonds and fixed annuities to lock in favorable rates. He also underscores the importance of strategic tax planning, which can save clients significant amounts of money. Barry outlines the need for a comprehensive retirement plan that covers income, tax minimization, principal protection, long-term care, and estate planning. Additionally, he emphasizes planning for emergencies and unexpected expenses, such as healthcare costs and family issues, to ensure long-term financial stability.

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

- 026. Making Your Money Work for You -

“Thank you for Listening” - J. Barry Watts

#JBarryWatts #RetirementPlanning #inflation

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

Join financial expert Barry Watts and his host Ralph Hip as they explore the intricacies of retirement planning and the importance of comprehensive financial strategies. In this episode, they emphasize the need to address long-term care needs, seek expert advice, and build a plan that fosters retirement confidence. The conversation also highlights the unique challenges women face in retirement planning, offering insights and tips from their book on wealth management strategies. Barry and Ralph delve into the balancing act of personal and professional responsibilities, providing advice on how to acknowledge and free oneself from guilt. This episode is a must-listen for those looking to navigate the complexities of retirement with confidence.

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

- 025. Reasons to Fire Your Advisor -

“Thank you for Listening” - J. Barry Watts

#JBarryWatts #RetirementPlanning #inflation

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