review The Retirement Savings Time Bomband How to Defuse It 103

characters The Retirement Savings Time Bomband How to Defuse It

review The Retirement Savings Time Bomband How to Defuse It 103 ↠ ❥ [KINDLE] ❂ The Retirement Savings Time Bomband How to Defuse It By Ed Slott ➢ – Johns-cycling-diary.co.uk For baby boomers reaching retirement age and the millions of other Americans who keep most of their assets invested in IRAs 401D Slotts eye The Retirement PDFEPUB or opening guide is a must have resource to help protect those savings from the IRS Through his simple Step Action Plan Ed Slotts down to earth clear cut and oft. This book lost me in the first couple chapters for several reasonsFirst the author appears to assert that the only problem with keeping your retirement assets is taxes Sorry buddy that may be the accepted view in your world government bad taxes bad but I saw a lot of the value of my 401k get wiped out in 2008 and that had nothing to do with the IRSSecond the author gives us a couple scary anecdotes about people losing much of the value of their inherited IRAs Then he says that of course the tax laws have changed since then but still Ridiculous Don't try to scare me and then tell me that the monster isn't actually under the bed any but has already been captured and defangedThird the anecdote that made me close the book was an elaborate tale about a genius who was too stupid to listen to the author's advice and rolled his IRA over into his new company's 401k plan Then DISASTER STRIKES The IRS comes after him No no the Enron mess happens his new company is somehow involved and his 401k is somehow wiped out or seriously reduced Not clear why this happened the author doesn't say that the 401k was all in company stock but whatever The punch line See the IRS treats you just the same whether you're a genius or not HUH How did the IRS become the villain in this scenarioIt appears that the author is a one trick pony taxes are evil and they're the only thing you need to worry about Personally while I certainly want to protect my retirement assets I'm just as concerned with the other threats to it such as the Wall Street greed that already cost so much And frankly I'm not ready to sit around and weep about people who don't manage to inherit as much from Mom and Dad as they'd like I'm concerned about the seniors who are having trouble paying for basic needs like food and shelter and medicine

download ☆ eBook or Kindle ePUB Á Ed Slott

For baby Savings Time MOBI #237 boomers reaching retirement age and the millions of other Americans who keep most of their assets invested in IRAs ks and similar retirement plans financial expert E. For many people the subject of retirement means little Some people will have to work the rest of their lives because the high cost of retirement is to much to handle Many people can't retire because all they have is Social Security and that program will just not cut it for all of us even if it is still around by the time we want to collect on it Yet some of us out there have done a great job of contributing to our 401k IRA's and I think this book The Retirement Savings Bomb by Ed Slott will help us understand it when we start to collect it Ed gives us valuable information that will help protect us from excessive fees and taxation from the IRS Ed gives us five tactics that can save you thousands of dollars He shows you how to stretch your IRA to create a financial legacy so your heirs can benefit from their inheritance Estate planning Roth IRA's are topics that he offers great advice on This is not light reading so go slow reread and digest it because this is good material that will keep a large percentage of your estate out of the clutches of Uncle Sam Having read the book I feel confident and better euipped to understand the complicities of these issues In fact I believe it should be reuired reading for everyone who has a retirement plan

Ed Slott Á 3 characters

The Retirement Savings Time Bomband How to Defuse ItEn humorous Retirement Savings Time PDF #180 approach shows everyday investors how to distribute roll over withdraw and secure their retirement savings and their inherited nest eggs against Uncle S. A great book that you should own as part of you estate planning Okay I most recently read an older 2007 edition otherwise i would give it a higher rating Things have changed and Slott updated this in Jan 2012 Unfortunately tax laws changed yet again in 2013 I will be buying this book after it is updated again for 2013 Yes you end up constantly having to upgrade to the latest edition but it is a topic that has very important long term impacts to your estate You owe it to yourself and your loved ones to keep abreast of the current rules Go get informed