September | 2021 | The Truth About Taxes And Retirement

Estate planning can be complicated and may involve some uncomfortable conversations with family members and loved ones, albeit necessary. You want to be sure that your estate is going to the right people in the right order.

In this episode, Barry Watts uncovers the mystery of estate planning. Barry looks at multiple legal mechanisms used to transfer assets that can help you avoid having your assets distributed by the state or a judge. He also provides clarity on choosing how your assets are divided and to whom.

Barry discusses:

What happens to your assets when you die if you don’t have a plan
Who should inherit your assets
Legal mechanisms for transferring assets, and why you likely want to avoid probate
Passing assets by contract, and understanding trusts
How you can get your estate plan in order
And more

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Historically, many Americans have planned to rely on Social Security to get them through retirement. But what happens if Social Security isn’t enough to help you secure the retirement you want and know you deserve?

In this episode, J. Barry Watts discusses some of those tough questions about Social Security, and helps you to understand how you can optimize that benefit to become your largest financial asset.

Barry discusses:

The age at which you should start to file for Social Security
The minimum qualifications for Social Security
A breakdown of how Social Security is funded
How to maximize your Social Security benefit should your spouse pass away
How to avoid taxes on your Social Security
And more

The Truth About Taxes And Retirement

Monthly Archives: September 2021

28. Taking The Mystery Out of Estate Planning