Ed Slott
Ed Slott
Ed Slottis a financial expert in the United States. He is an author and public speaker providing training in IRAsand retirement distribution planning. He has been a collaborative creator of three nationally-aired Public Television Specials and is a practicing CPAbased in Rockville Centre, New York...
age allow amount contribute depending older sock
A defined-benefit Keogh would allow you to sock away a lot more, with the amount you contribute depending on your age and compensation. It makes the most sense for someone older making a significant amount of money.
depending extend high roth younger
If there's one generalization you can make, it's that Roth IRAs are for younger people, but that may extend up as high as 50, depending on the circumstances,
everybody goes represents ruling taxpayers thousands
The rulings are like the Nielsen ratings. Everybody who goes for a ruling probably represents tens of thousands of taxpayers who have the same problem, but didn't even know they could find relief.
care death event husband maybe simple taken thinking
A simple event like that, imagine. She went to her death thinking that maybe her husband was taken care of, but it wasn't that way and now he didn't get a cent.
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Retirees are much too loyal to the company that employed them, ... When it comes to retirement savings, your first loyalty must be to yourself.
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Nobody knows what future tax rates will be.
ira paying people treat
Most people treat IRA contributions like they're paying a bill. They should think about it as paying themselves.
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Most advisers don't realize non-spouse beneficiaries cannot do a rollover,
higher irs
Now the IRS fees are higher than mine.
believe cannot
What a mess. I cannot believe professionals are actually advising these things.
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There are good options, easy to set up and cheap to maintain.
money retirement
This way, if there are any problems, all the retirement money isn't at risk.
happened people time
Every time something like this has happened in the past, people were grandfathered into the program.
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It's the best motivation to save for retirement that we've seen in America. Everybody should be in the Roth game if they can.