Retirement is like a mountain and it’s the coming down the mountain that is the scary part. 

In this episode, Barry Watts and Eric Burlison discuss how your retirement is like climbing and descending a mountain, and what you should be doing to plan for that journey. 

In this episode you will learn:

• Why retirement is like a mountain — especially as you’re planning and saving 
• The two methods of planning for retirement
• How we can help you reduce taxes in retirement
• And more!

Tune in now to discover how you can plan your climb and descent of Mt. Retirement for a successful trip!

Resources: SavingYouTaxes.com | J. Barry Watts | Eric Burlison

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Ready to sell a highly appreciated asset, but worried about your tax bill? 

In this episode, Barry Watts and Eric Burlison are joined by tax strategist Bruce Jones of Tax Wealth. Having been in the financial industry for nearly 50 years, Bruce shares his expertise on mitigating your taxes when it comes to selling highly appreciated assets.

In this episode you will learn:

• The two things you can do with your taxes to save you money
• The process of mitigating tax from a client with big capital gain
• How the deferral approach works in tax planning
• What the are two financial instruments and principles 
• The risks involved with tax planning
• And more!

Tune in to discover how you can mitigate your tax bills with Bruce Jones! 

Resources: SavingYouTaxes.com | J. Barry Watts

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Business owners: how would you like to put away six figures and get a tax deduction for doing so? 

In this episode, J. Barry Watts dives into segregated asset plans (SAPs), revealing the tax and financial savings you could gain as a business owner for retirement. Discover how your entire family can benefit from this type of plan and the incredibly low tax rate that comes with it.

In this episode, you will learn:

• What an SAP is and how you can take advantage as a business owner
• How an SAP could benefit your business
• How your taxes could be reduced if you utilize an SAP
• The benefits for your family and your business
• And more!

Tune in to discover the details of SAPs and how they could save you huge money in taxes!

Resources: SavingYouTaxes.com | J. Barry Watts 

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Would you like to be able to make a hefty tax deductible contribution to your retirement plan this year? 

Today, Barry Watts and Eric Burlison discuss tax deductions, introducing many ideas and processes when it comes to putting money into your own plan as a business owner. 

In this episode you will learn:

• What a tax credit is and how it differs from a tax deduction
• The different types of retirement planning
• What a cash balance pension plan is and how it works
• The difference between a defined benefit plan and a defined contribution plan
• And more!

Tune in to discover how you can receive big deductions when putting money into your own retirement plan as a business owner! 

Resources: SavingYouTaxes.com | J. Barry Watts 

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Decreasing a gain may sound counterintuitive, but decreasing capital gains can actually save you money in taxes. 

In this episode, Barry Watts and Eric Burlison dive into capital gains and possible strategies to decrease this tax. Discover the impact this can have on your taxes along with depreciation and appreciation.

In this episode you will learn:

• What capital gain is
• How taxes influence and are influenced by capital gain
• How depreciation and appreciation impact your capital gain
• How you can utilize the general power of attorney
• And more!

Tune in to discover tax savings and capital gain decreasing strategies!

Resources: SavingYouTaxes.com | J. Barry Watts | Eric Burlison

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How much are you currently losing from taxes? How much would you have to earn to keep that money?

In this episode, Barry Watts is joined by Eric Burlison to discuss the importance of saving the money you earn instead of paying it in taxes. They dive into how taxes can influence your true earnings and how saving the money you’ve already made is better than making more money.  

In this episode, you will learn:

• Why saving the money you already make is better than earning more money
• The benefits of employing tax strategies
• Tax strategies that can save you money
• How you can save more
• And more!

Tune in to learn why you should focus on saving money in taxes vs. earning more money.

Resources: SavingYouTaxes.com

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How much are you paying in taxes right now? How are you going to make sure you pay less in taxes after you retire?

In this episode, Barry Watts reveals options to reduce your taxes, today and into retirement. Discover retirement plans that can reduce your taxes after retirement and options to get you in the 0% tax bracket in retirement.

In this episode, you will learn:

• The benefit of including the next generation in the family business
• The benefits of a cost segregation study
• Options for tax-free retirement plans
• How you could enter the 0% tax bracket in retirement
• And more!

Tune in now to learn how you can get the most out of tax-free retirement plans!

Resources: SavingYouTaxes.com 

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Do you know what your CPA’s plans are for your taxes?

In this episode, Barry Watts dives into the world of tax planning and the information you need to know. Discover what most CPAs are doing with your taxes and the proactive approach you should adopt. 

In this episode, you will learn:

• What tax planning is and why you should be doing it
• The difference between tax planning and tax compliance
• When you should create a tax plan
• Why you shouldn’t be worried about being audited
• And more!

Discover why you should adopt a proactive planning approach to taxes today!

Resources: SavingYouTaxes.com 

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When it comes to understanding taxes in America, there is a common misconception that you will live on less in retirement. However, in retirement, every day is Saturday, which means every day is a high-spending day. 

In this episode, Barry Watts is joined by co-host Eric Burlison, Missouri State Senator and tax expert, to discuss taxes and spending in retirement. 

In this episode, you will learn:

• The tax deductions you may lose in retirement
• Why you should consider donating to charity as well as volunteering your time in retirement
• What may happen when interest rates begin to rise again following COVID-19
• How government policy plays into the tax conversation
• And more!

Tune in to learn about taxes and spending in retirement!

Resources:  SavingYouTaxes.com | Eric Burlison

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