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.

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