Monthly Archives: December 2021

Feature Image

34. How to Retire in the 0% Tax Bracket

Finance, Financial, Retirement, Taxes, , , , , , , , , ,

What will taxes be like for you in retirement? Have you ever thought about that? 

In this episode, J Barry Watts teaches you how to reach the 0% tax bracket—or at least to get your taxes as low as they can be. He explains why there are some who cannot reach the 0% tax bracket, and discusses “the Three Tax Buckets.”

Barry discusses:

  • Who is unable to reach the 0% tax bracket 
  • The three types of money as they relate to taxes
  • Why a Roth option in your 401(k) can be greatly beneficial
  • How to reach the 0% tax bracket
  • And more

Resources:

Episode 32 – Mega Backdoor Roth IRA Strategy 

Connect With Barry Watts:

Podcast: Play in new window | Download

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More

Feature Image

33. Holiday Conversations About Hard Topics

Finance, Financial, Retirement, Taxes, , , , , , ,

The upcoming holidays present a wonderful opportunity to have important conversations with your family about many things, including topics such as healthcare planning, funeral planning, and who will get what.

In this episode, J Barry Watts helps you understand how you bring these topics up to aging parents while the whole family is around. It’s important that these conversations happen before parents pass away or are unable to have them. Barry shares tips on how to start having these conversations, and the types of questions you should be asking.

Barry discusses:

  • Tips to start having these types of conversations
  • Why you should keep asking questions
  • Why you should ask to see your parents’ investment accounts, and the importance of establishing Transfer on Death on their accounts. 
  • The importance of having your beneficiaries down instead of leaving things through a will
  • And more

Connect With Barry Watts:

 

Podcast: Play in new window | Download

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More