Posts by WealthCare

Keep Your 401K from Going Over the Cliff (Ep. 42)

There is a lot going on in the market right now and knowing how to react and when to react to protect your financial future can be tricky.  Luckily there are some key concepts that can help you keep your 401k (and your future) from going over the cliff.  In this episode, Barry Watts discusses the myths surrounding safe 401k investment strategies and walks through key concepts that will help you make better decisions for your future.  Barry discusses: The fear and worry surrounding the current stock market (and world) How supply and demand can help you select the best
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Selling Your Business & Paying Zero Taxes (Ep. 41)

Starting a business is hard work. If you eventually sell that business, you likely want to maximize your pay day.  We’ve never met anyone who wants to pay more in tax, but yet, a lot of people do. One of those areas that often gets overlooked is capital gains on the sale of stock in a small business. In this episode, J Barry Watts discusses section 1202 of the internal revenue code. The section is all about tax exclusions on eligible gains when you sell a small business. For some, this could mean $10 million of gains are excluded from
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Increasing Income in Retirement (Ep. 40)

Where does income in retirement come from? What strategies are there to manage your income in retirement to ensure you stay retired? If these are questions you find yourself wondering, this is the episode for you! In this episode, J Barry Watts gives an overview of a few strategies you can use to ensure your income in retirement supports your retired life. Barry discusses: What are dividends and how can they work for you Reasons why dividend yields increase (or decrease) Strategies behind value investing The importance of a balanced portfolio in retirement And more Connect With Barry Watts: prioritycare@wealthcarecorp.com
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Saving Taxes by Converting your LLC or S Corp into a C Corp (Ep. 39)

The structure of your business can have a huge impact on your bottom line after taxes. Whether starting a new business or saving taxes by restructuring your existing one, understanding how different business structures impact the taxes you pay helps you save thousands of dollars each year.  In this episode, J Barry Watts of WealthCare Corporation discusses the various business structures you can adopt and how each structure impacts the taxes you and your business will pay. It’s part of the forward looking tax-planning-service of American Tax Strategies, LLC and SavingYouTaxes.com  Barry discusses: The difference between an LLC and a
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38. Advisor Credentials & Why Retirement Budgets Fail

What kind of credentials does your financial advisor have? If you are working with an advisor with a credential of some type, what might cause your retirement plan to fail anyway?  In this episode, J Barry Watts dives into the various credentials a financial advisor can carry, and shares the difference between many of those credentials. Barry details a little about the history of advisor credentials before examining why retirement budgets fail, and why trusting someone with certain credentials is not always the best idea. Barry discusses: The history of credentials in the financial industry Who can call themselves a
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37. What To Do With Cash Now

Are you sitting on cash, afraid to invest it in the markets during this crazy time in our country? Are you unsure what to do?  Well, you’re not alone. In this episode, J Barry Watts speaks simply about what to do with your cash now. Barry details three steps to take, including why it is important that you stay invested. Barry also shares why so many people are feeling uneasy about what to do with their cash during this precarious time. Barry discusses: Why people are feeling uneasy about what to do with their money now The upheaval of political,
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