In this episode of Watts on Wealth Radio, Barry Watts and Ralph Hip examine the recent interest rate cuts by the Federal Reserve and their effects on retirees and the economy. With rates lowered by half a point to counter recession risks and control inflation, Barry highlights the need for a diversified portfolio with protected principal investments to navigate market fluctuations. He also addresses the potential impact of reduced interest rates on retirees’ income and the possibility of tax increases in 2026 if the 2017 tax cuts expire. Barry advises listeners to prepare by seeking professional financial guidance.

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

- 033. Taking Control of your Retirement -

“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 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