Barry Watts discussed the impact of market volatility on retirees, emphasizing the need for protected income strategies. They highlighted the importance of diversifying portfolios to mitigate risks, suggesting a mix of annuities, bank products, and open market vehicles. Barry stressed the significance of Social Security planning, noting that it could be a crucial part of retirement income. He also advised against waiting out market downturns, advocating for proactive measures like Roth conversions and protected principal strategies. The conversation concluded with a focus on the emotional and financial aspects of retirement, urging listeners to plan thoroughly and seek expert advice.
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Be sure to listen to Watts on Wealth with Barry Watts every Sunday at 8:30am on Springfield’s Talk 104.1 FM
- 047. Protected Income -
“Thank you for Listening” - J. Barry Watts
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