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“More people are putting more money away, which is great, but I think a lot of them are putting it in the wrong place, in a 401(k) rather than a Roth,” said CPA and retirement expert Ed Slott. While 401(k)s allow workers to contribute pre-tax income, the funds are subject to taxation when withdrawn; Roth funds are taxed beforehand….

Ed Slott & Company Director of Retirement Education Sarah Brenner joins Wealth to share the top considerations for those preparing to retire.

There is still time to make individual retirement account (IRA) contributions for 2024. Sarah Brenner, director of retirement education at Ed Slott & Company, joins Brad Smith on Wealth to break down what taxpayers need to know before the April 15th contribution deadline.

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.

President-elect Donald Trump is expected to extend his 2017 tax cuts, which expire at the end of 2025. Ed Slott & Company Founder and CEO Ed Slott joins Wealth! to discuss what this means for retirement accounts and provide tips for retirement savings.

No matter your age or your income, financial experts there’s a place in your investment planning for the retirement savings tool known as the Roth IRA. And right now is the ideal time to contribute to one.

Withdrawing money from retirement accounts will have consequences on your 2024 return.

If you think saving for retirement is complicated, try figuring out how to withdraw retirement funds while minimizing taxes.

“As much as 70 percent of your hard-earned retirement funds can be eaten up by income, estate and state taxes,” says IRA guru Ed Slott, author of the retirement-planning books “Fund Your Future: A Tax-Smart Savings Plan in Your 20s and 30s” and “The Retirement Savings Time Bomb … and How to Defuse It.”

A new law increasing the age you must withdraw from your retirement accounts may come with some unexpected and expensive consequences.

Retirement legislation President Biden inked in December pushes the age that retirees must start taking required minimum distributions, or RMDs, from IRAs, 401(k)s, and 403(b) plans, to 73 this year, up from 72.That will bump up higher to age 75 in 2033

In your 30s, responsibilities pick up.You’re likely to buy your first home and grow your family