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Content provided by J. Barry Watts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by J. Barry Watts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
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35. New Taxes Threaten Your Retirement

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Manage episode 316725152 series 2935354
Content provided by J. Barry Watts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by J. Barry Watts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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:

  • Proposed spending in Build Back Better and how it will affect wealthy taxpayers
  • The proposal that would prohibit you from converting your taxable IRA over to a Roth
  • Legislative risk for business owners
  • Why we should start thinking about retirement savings vehicles that are subject to legislative risk
  • And more

Resources:

  1. How to Have More Tax Free Income in Retirement

Connect With Barry Watts:

  continue reading

69 episodes

Artwork
iconShare
 
Manage episode 316725152 series 2935354
Content provided by J. Barry Watts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by J. Barry Watts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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:

  • Proposed spending in Build Back Better and how it will affect wealthy taxpayers
  • The proposal that would prohibit you from converting your taxable IRA over to a Roth
  • Legislative risk for business owners
  • Why we should start thinking about retirement savings vehicles that are subject to legislative risk
  • And more

Resources:

  1. How to Have More Tax Free Income in Retirement

Connect With Barry Watts:

  continue reading

69 episodes

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