On Watts on Wealth, Ralph Hipp sits down with J. Barry Watts for a practical conversation about estate planning and inheritance. Barry points out that while nearly everyone agrees these conversations matter, most families still avoid them. That silence can lead to unnecessary probate costs and family conflict. The discussion covers simple first steps like having a will, reviewing beneficiary designations, and when a trust might make sense. Barry also shares insights on consolidating retirement accounts for easier management and weighs in on the realities of starting a bed and breakfast, including using SCORE for guidance.

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

- 065. Estate Planning and Inheritances -

J. Barry Watts

Springfield’s WealthCare Corporation

Barry Watts and Jeremy Zickefoose discussed retirement planning and market forecasts for 2026 on Watts on Wealth Radio. They stressed why prioritizing reliable income over chasing market growth matters, especially as AI continues reshaping industries and investment landscapes. The conversation covered the rapid surge in AI spending and its implications, the effects of Venezuela’s political upheaval on oil prices, and potential tax impacts tied to the Great Wealth Transfer. They also underscored the importance of solid estate planning and wrapped up with practical guidance on life insurance and financial education tools for listeners.

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

- 064. Money, Myths, and Modern Strategies -

J. Barry Watts

Springfield’s WealthCare Corporation

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