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