We all had a deal with the taxman, and Congress just reneged. Why? Because, as usual, the government needed money. When Congress passed the SECURE Act on Dec. 20, 2019, we lost out on the three-part deal that many retirees and their beneficiaries had been banking on, literally.
It would almost be malpractice for any financial or tax advisor to ignore the coming tax storm,” according to Ed Slott of Ed Slott & Co.
That’s one of the central themes in his new book, “The Retirement Savings Time Bomb Ticks Louder,” Slott told ThinkAdvisor in a recent email exchange. “The taxes growing in the IRAs are what my book title refers to, a ticking tax time bomb.”
As of June 6, 2024, the total debt of the U.S. government was $34.67 trillion, up from $32 trillion only a year ago. In fact, the federal government spent $658 billion on net interest costs on the national debt in 2023, or about 2.4% of GDP. This was the largest amount ever spent on interest in the budget, reflecting a 38% increase from 2022.
Ed Slott, author of ‘The Retirement Savings Time Bomb Ticks Louder’, sits down with InvestmentNews anchor Gregg Greenberg to explain how to avoid unnecessary tax landmines and secure your retirement accounts.
Whether a client’s retirement dreams are five years away or 50, the single greatest threat standing in their way is taxes, warns Ed Slott of Ed Slott & Co.
The right tax management strategy can save clients hundreds of thousands of dollars, while the wrong strategy — or no strategy at all — can bring undue hardship during their golden years.
America’s IRA Expert Releases New Best-Selling Retirement Planning Book That Includes Secure Act 2.0 Updates; Hosts Live Virtual Book Launch Party in Celebration
June 11, 2024 – New York – Ed Slott, CPA, the nationally recognized IRA Expert, founder of Ed Slott and Company, LLC and creator of irahelp.com, announces his new book “The Retirement Savings Time Bomb Ticks Louder” is now available.The book has been highly anticipated by consumers and financial industry professionals alike and has already achieved best-seller status in the retirement planning category on Amazon prior to its June 11 publication date
Ed Slott, the founder of IRAhelp.com, returns to the show to discuss his new book, out this week, “The Retirement Savings Time Bomb Ticks Louder,” suggesting that converting traditional retirement accounts to tax-free Roth accounts is going to be worth it for most investors, noting that paying the taxes now is a form of insurance against Congress changing laws and raising taxes in the future.
America’s IRA Expert Releases New Book That Includes Secure Act 2.0 Updates, Offers Exclusive Bonus Video Content
NEW YORK, May 14, 2024 /PRNewswire/ — Ed Slott, CPA, the nationally recognized IRA Expert, founder of Ed Slott and Company, LLC and creator of irahelp.com, announces his new book “The Retirement Savings Time Bomb Ticks Louder” is now available for preorder.
The Labor Department is “going all-in on the IRA rollovers” with its final fiduciary rule, according to Ed Slott of Ed Slott and Co.
When it comes to teens and money, there is often a disconnect.
Overall, teenagers are taking a greater interest in their long-term financial health — although far fewer understand basic retirement planning.
A majority, or 83%, of 13- to 18-year-olds, said they had already thought about their retirement, according to the results of a survey from Junior Achievement and MissionSquare.
