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Ed Slott: Traditional IRAs Are The Worst Possible Asset To Own

News & Press

Thursday, March 06, 2025

In the wake of the SECURE Act, traditional IRAs have become the worst possible asset to own, IRA expert Ed Slott told advisors attending The American College’s Horizons conference in San Diego on Tuesday.

Slott and another widely regarded accounting expert, Jeff Levine, opened the event with a brief session entitled, “The Great Debate: Is The Traditional IRA Dead?,” with Slott arguing that that the primary asset accumulation vehicle for millions of Americans was a rotten investment.

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Raiding Your Retirement Funds? Here’s How to Avoid Hidden Tax Traps

Friday, February 14, 2025

Sometimes in an emergency you just have to break the glass.

While tapping a retirement plan for an early withdrawal should always be a last resort, it can be unavoidable. The cause could be a job loss, a natural disaster like a wildfire, or even an opportunity like a coveted house for sale.

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Inherited an IRA? Avoid These Common Mistakes That Can Cost You

News & Press

Monday, January 06, 2025

“There is no downside to inheriting an IRA other than not being able to handle it,” says Ed Slott, president of Ed Slott & Co., an IRA distribution firm in New York. “I’ve worked with parents and grandparents who don’t talk to their kids about inheritance. The kids get a windfall but don’t realize it’s taxable.”

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401(k) contributions: Why its time to abandon tradition

News & Press

Friday, January 03, 2025

Robert “Bob” Powell sits down with Ed Slott, IRA Expert, Professional Speaker, and Author, who makes his case for Roth conversions. Ed goes into detail about the complexities of IRA beneficiaries and how to maximize your tax bracket. Find out how legislation such as Secure Act 2.0 impacts your retirement savings in this week’s episode of Decoding Retirement.

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