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
Read More
Posts by WealthCare
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
Read More
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,
Read More
36. The Five Habits of Highly Effective Advisors to Retirees
Have you ever wondered exactly what a good financial advisor is supposed to do for you? There are five habits of highly effective advisors to retirees, and if your advisor is not doing these things for you, it might be time to consider a change? In this episode, J Barry Watts teaches you about the five habits of highly effective advisors to retirees. Barry explains each habit and what it would look like coming from an effective advisor. Barry discusses: Why you should know how much money you need every year in retirement Making your money work for you Why
Read More
35. New Taxes Threaten Your Retirement
There’s a lot of talk in Washington about potential new taxes, but what impact will those changes in tax law have on you personally? In this episode, J Barry Watts unpacks the impact proposed tax law changes may have on you in before or in retirement. Barry covers some of the proposals in President Biden’s Build Back Better agenda. He explains how legislative risk can evolve over time to greatly impact your retirement. Finally, Barry explains LIRPs, little known and under-utilized strategies to reduce retirement income taxes and why you should have one if you do not already. Barry discusses:
Read More
34. How to Retire in the 0% Tax Bracket
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
Read More
33. Holiday Conversations About Hard Topics
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
Read More
32. Mega Backdoor Roth IRA Strategy
Would you like to put $58,000 into a Roth IRA this year, then grow that money, tax-free, until you retire, and then take it out as tax-free retirement income? In this episode, J Barry Watts introduces the mega back door Roth IRA strategy. He shares how some individuals can contribute $58,000 to their Roth IRA, … Continue reading 32. Mega Backdoor Roth IRA Strategy →
Read More
31. How the TRULY-WEALTHY & the WORKING-WEALTHY DIFFER: Family Endowment Plans
Are you truly wealthy or working wealthy? What’s the difference between the two? For moderately wealthy people who don’t believe they have any tax strategy opportunities, this episode is for you. In this episode, J Barry Watts introduces a tax strategy and draws the line between the truly-wealthy and the working-wealthy. Barry also emphasizes the … Continue reading 31. How the TRULY-WEALTHY & the WORKING-WEALTHY DIFFER: Family Endowment Plans →
Read More
30. Strengthening Your Family Through Legacy Trusts
Have you ever considered opening a trust for your family? Legacy trusts can ensure your family’s legacy for generations to come. In this episode, J Barry Watts discusses trusts and how valuable they can be to your family. Barry simplifies and answers questions you may have regarding trusts. Barry shares why people don’t have trusts, … Continue reading 30. Strengthening Your Family Through Legacy Trusts →
Read More
- «Previous Page
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- Next Page»