Book HackThe New Retirement Savings Time BombBy Ed Slott
In a Nutshell
Ed Slott's latest helping of financial wisdom walks you through all the steps you must take to ensure that you keep as much of your IRA out of the hands of the IRS as possible.
Favorite Quote
I'm proud to be paying taxes in the United States. The only thing is, I could be just as proud for half the money.
Arthur Godfrey, TV and radio broadcaster
Introduction
When Ed Slott says 'time bomb,' he's referring to the millions of Americans who won't get anything like the income they're expecting on retirement.
Changes to U.S. tax law mean that these Americans, going off on assumptions that they made decades ago, have had the rug pulled from under them. The only way they can reverse their fortune is if they take action today.
Ed Slott is the closest the world of retirement planning gets to a rock star.
Slott's services are in high demand for public speaking, CPA, and tax advice itself. Clients include some of the USA's largest financial firms, and Slott's expertise often graces the pages of The Wall Street Journal, the New York Times, and USA Today.
The book concentrates on helping you keep as much of your earnings as possible for yourself, your spouse, and any descendants, no matter what age you're at now.
Here are the 3 key insights from this Hack
- 1.These days we’re all in the YOYO economy: ‘You’re On Your Own’
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