Barry Watts and Ralph Hipp discuss retirement planning strategies for 2026. Barry highlights the importance of early IRA contributions, noting the 2026 limit increased to $7,500 for traditional and Roth IRAs, with an additional $1,000 for those over 50. For 401(k)s, the limit is $24,500, with an extra $11,250 for those aged 60-63, totaling $43,750. Barry emphasizes the significance of tax planning, especially with potential tax rate increases. He also discusses Social Security cost-of-living adjustments, Medicare premium increases, and the importance of long-term care planning. Barry talks about estate planning, including the use of home equity lines of credit and life insurance with living benefits.

Be sure to listen to Watts on Wealth with Barry Watts every Sunday at 8:30am on Springfield’s Talk 104.1 FM

- 063. Six Steps to Retirement Confidence -

J. Barry Watts

Springfield’s WealthCare Corporation

Barry Watts and Ralph Hipp discuss retirement planning on their radio show. They highlight the importance of longevity, citing Dr. Peter Diamandis' prediction of doubling human lifespans in the next few years. They emphasize the need for a regret-free retirement, noting that 60% of retirees would change their plans if given the chance. Barry advises against spending more than you earn, having too much debt, relying solely on Social Security, and insufficient savings. He stresses the importance of a retirement income plan to ensure financial stability and longevity. Barry also offers a free consultation to help listeners plan their retirement effectively.

Be sure to listen to Watts on Wealth with Barry Watts every Sunday at 8:30am on Springfield’s Talk 104.1 FM

- 062. Barry’s Retirement Gift List -

J. Barry Watts

Springfield’s WealthCare Corporation

Join host Ralph Hipp and advisor Barry Watts on "What's on Wealth," the Ozarks’ trusted radio program for retirement planning, investing, Medicare, and financial wellbeing. Each episode features expert advice from Barry Watts, founder of WealthCare Corporation, and sometimes welcomes guest advisors Jeremy Zickefoose and Medicare specialist Matt Dean. From strategies for maximizing Social Security and selecting tax-smart investments, to navigating Medicare choices and avoiding costly mistakes, the team provides practical, personalized guidance for retirees and families. Tune in for clear answers to listener questions, updates on financial legislation, and actionable tips to help you face retirement with clarity and confidence.

Be sure to listen to Watts on Wealth with Barry Watts every Sunday at 8:30am on Springfield’s Talk 104.1 FM

- 061. Giving Thanks for Smart Planning -

J. Barry Watts

Springfield’s WealthCare Corporation