On this episode of Watts on Wealth Radio, financial expert Barry Watts and host Ralph Hip explore the financial stages of life, with a focus on retirement planning. Barry emphasizes the importance of starting early, aiming to save 20% of income, and understanding the long-term effects of inflation. He advises against using retirement funds to pay off debts and stresses the need for a comprehensive retirement income plan. The discussion covers age-related financial milestones like Social Security benefits and Medicare eligibility, as well as the importance of estate planning. A quiz on inflation history and the risks of hoarding cash adds an interactive element to the conversation.

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Video Reference: What I Learned About Retirement by Falling Off the Boat Dock

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

- 027. Five Financial Stages of Life -

“Thank you for Listening” - J. Barry Watts

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