The Retirement Savings Time Bomb Ticks Louder: How to Avoid Unnecessary Tax Landmines, Defuse the Latest Threats to Your Retirement Savings, and Ignite Your Financial Freedom
“This book is required reading.”—Robert Powell, editor of Retirement Daily
Whether your retirement dreams are five years away or fifty—the single greatest threat standing in your way is taxes. Unlike losses in the stock market, money lost to taxes never recovers. With untaxed retirement accounts likely to become your largest asset, you face an explosive landscape of costly tax traps, penalties, and a complex maze of rules when it comes time to tap into those savings.
Renowned tax advisor Ed Slott returns in The Retirement Savings Time Bomb Ticks Louder with the ultimate guide to reclaim control of your financial future and keep more of your money—no matter what Congress comes up with next.With fully up-to-date information, including SECURE Act 2.0, this book provides an easy-to-follow plan that is an entertaining and informative must-hear for any American with a retirement savings account.
* This audiobook edition includes a downloadable PDF that contains reference charts and resources from the printed book.
PLEASE When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
It's a good book to read in the 10 years before you plan to retire until the time you have to start taking required minimum distributions. By the time you take RMDs, you've missed the opportunity to benefit from most of the suggestions Slott makes in the book.
The book is more for a person who has a basic understanding of how Roth accounts and Health Savings Account can help one play less taxes after they are taking RMDs.
If you know someone, such as you parents who complains about how the RMD makes they pay more taxes, you'll understand the conditions Slott wants to help people avoid.