Does the word “taxes” make you feel intimidated and overwhelmed right away?

If yes, you’re not alone! It’s completely understandable. After all, the US tax code is 70,000+ pages long.

As someone who deals with taxes daily, J. Barry Watts is here to enlighten you about some tips and strategies you might not know regarding taxes (so it feels less scary to you).

Barry discusses:

• What makes 50% of Americans subject to taxes when they die
• How Social Security taxes and Medicare premiums are calculated
• Multiple ways to make your charitable giving more tax-efficient
• Avoiding a huge mistake while transferring assets (like a home) to the next-gen
• 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

The post What People Don’t Know About Taxes (Ep. 69) appeared first on Wealthcare.

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

The post Why the Wealthy Are Perceived to Not Pay Their Fair Share of Taxes (and you don’t have to, either.) (Ep. 68) appeared first on Wealthcare.

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

The post Planning Your Retirement Income (Ep. 67) appeared first on Wealthcare.