You could be paying your child as an employee as a way to increase your tax savings. 

Does that sound a little too good to be true? We are here to tell you, it’s not! 

In this episode, Barry Watts explains how you are able to set your child up as an employee for your company earning an income that will allow you to spend pre-tax dollars on them! Barry goes into detail about how this unique strategy works and why few people are taking advantage of it! 

You will learn: 

• How you can implement this strategy into your business 
• Who is eligible to take advantage of the tax deduction  
• At what age your child is eligible to participate in this strategy  
• Barry’s suggestions on what your child could be doing for your business to make them considered an employee 
• How this strategy could be set up to give your child savings for the future 
• And more!

Tune in now to equip yourself with information that could help you use pre-tax dollars on your child’s expenses! 

Resources: SavingYouTaxes.com | J. Barry Watts 

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You did not read the title incorrectly! 

There is a $200,000 tax deduction that you could be using! And many times, we don’t see people taking advantage of it. 

In this episode, Barry Watts and Eric Burlison dive into conversation about a huge tax deduction that Barry is already using, and how you could be using it too! They speak about how this type of pension plan benefits the employer and lets you tip the scale in your direction. 

You will learn: 

• How the tax deduction works for employers 
• Why people stopped using this type of account 
• The benefits it has to the employer 
• How anyone can take advantage of this account, even if you are not currently a business owner 
• And more!

Tune in now to discover the tax deduction plan that is going to help you keep more money in your pocket and push the scale back in your favor. 

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

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What if we told you that there is a tax-free way you could better retain your most valuable employees through an account that they can withdraw money from each year?

In this episode, Barry Watts discusses the Golden Handcuff plan you could be using to keep your most valuable employees, and how using the plan could help keep money in your pocket. Barry helps you understand how this plan works and what the benefits are to both the employee and the employer.

You will learn: 

• What the golden handcuffs are and how can you take advantage of the plan for your employees
• Real examples of the plan in action
• Why you would choose this plan 
• And more!

Tune in now to discover a way in which you can keep your best talent locked into place with you!

Resources: SavingYouTaxes.com | J. Barry Watts

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Under the new Administration, there are proposed tax increases under review in Washington, and it’s beneficial if you understand them sooner rather than later! 

In this episode, Barry Watts and Eric Burlison discuss various proposals that have been presented by the Biden Administration that could potentially increase your taxes. Barry and Eric highlight three of these proposals and help you understand just what they mean and how you can prepare for these changes.  

In this episode we discuss:

• The elimination of the step-up basis 
• How Social Security will be impacted by these proposed increases
• How taxes will increase for corporations and high-earning individuals
• What the changes could mean for the country and you 
• And more!

Tune in now to understand current tax proposals and how you can prepare for them. 

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

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When it comes to your money, it is important to have the right amount in each bucket so you can hold the most amount of non-taxable money. 

In this episode, Barry Watts dives into conversation about the three buckets your money could fall into, what taxes look like in each bucket, and just how much money you want to keep in each bucket. 

In this episode we discuss:

• What each of the three buckets are and what they’re used for
• The tax situation in the three buckets 
• How much money you should be holding in each bucket 
• And more!

Tune in now to learn about tax-free accounts and how you could be moving your money around to save on taxes! 

Resources: SavingYouTaxes.com | J. Barry Watts | The LIRP Account Podcast 

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Are you interested in a tax-free account that will help you work towards your retirement goals? 

In this episode, Barry Watts and Eric Burlison, Tax Strategists and Retirement Designers,  take a look at a type account that not many people are aware of and dissect it to help you fully grasp how it works! The Life Insurance Retirement Plan (LIRP) can help you save tax free money for your retirement goals! 

In this episode we discuss:

• How the tax code is our friend, not our enemy  
• How the LIRP works 
• Barry’s own personal use of an LIRP 
• Contributions and fees associated with an LIRP 
• And more!

Tune in now to discover how you could be setting money into a tax-free account and get on the right track toward your retirement goals 

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

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Do you understand how annuities work? Do you have negative feelings attached to annuities? We are here to help you answer your questions! 

In this episode, Barry Watts and Eric Burlison dive into conversations about annuities and how they can be used to benefit you. They aim to provide you with information that will help you break down your negative feelings toward annuities! 

In this episode we discuss:

• The three different types of annuities  
• How taxes work when it comes to annuities 
• The typical lengths of annuity contracts 
• Safety when it comes to annuities  
• And more!

Tune in now and join us in conversation as we break down annuities and provide you with information that will help you understand them better. 

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

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Have you ever wondered what someone in the financial industry does with their own accounts? 

In this episode, Barry Watts and Eric Burlison discuss Barry’s experience in the financial industry and Barry shares some of the things he does personally to get the most out of his own accounts while protecting his assets from the downside.

In this episode we discuss:

• How money managers get paid 
• Why money managers attempt to mimic the S&P 500 or another index.
• A simple tool to figure out how fast your money will grow: The Rule of 72 
• Barry’s personal experience as an investor
• And more!

Tune in now as Barry uncovers the rules he lives by personally in order to achieve the best performance on his own accounts. 

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

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