Health savings accounts are a powerful wealth accumulation vehicle. They are one of the few account types with a triple tax benefit — tax-free paycheck deferrals, no taxes on account growth and no taxes on withdrawals for qualified medical expenses.
Discover the optimal timing for qualified charitable distributions (QCDs) and required minimum distributions (RMDs) to ensure you make the most of your charitable giving and minimize your tax liability.
The IRS’s new RMD rules are set to impact many IRA beneficiaries in 2025. Learn how this change could affect your inherited IRA and how to plan accordingly.
Retirement and tax expert Ed Slott breaks down his tips on year-end retirement planning and changes to missed RMD penalties.
Year-end tax planning tips usually zero in on what advisors should be telling their clients to do, but IRA and tax expert Ed Slott of Ed Slott & Co. is offering some advice to advisors this year on what their clients shouldn’t do.
With the imminent return to the White House of Donald Trump, the tax outlook is coming into focus. And the nation’s wealthiest taxpayers, who were facing a halving of the lifetime estate and gift tax exemption (currently $13.6 million) at the end of 2025, may have dodged a bullet.
The tax and IRA expert weighs in on tax-savvy retirement planning, Roth conversions, and the new rules for inherited IRAs.
Ed Slott, founder of Ed Slott and Company, sits down with InvestmentNews anchor Gregg Greenberg to recommend end-of-year tips to save on taxes and maximize retirement accounts.
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.
The year is flying by, and before we know it, 2025 will be here. With the arrival of the new year, several new provisions from the 2022 SECURE 2.0 law that impact retirement plans will become effective. One of the changes allows certain older participants in company savings plans and SIMPLE IRAs to make higher catch-up contributions.
