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

by Ed Slott

“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-read for any American with a retirement savings account.

Genres: Finance

463 pages, Kindle Edition

Published June 11, 2024

Reviews

[Wes · Rating 4 out of 5]

My takeaways from Ed Slott's "The Retirement Savings Time Bomb":
1. Invest heavily in Roth accounts, even at the cost of the current year tax break.
2. When you get a few years from retirement, hire a professional to help organize your finances. The possibilities and regulations and rules are astoundingly confusing at the end of a career and you can make a lot of costly mistakes. This book details a lot that can go wrong (and right), but my personal takeaway is that you're better off hiring a fee-based advisor who can take a look at your accounts and help you get organized in the most tax-efficient way possible. You can do it yourself, but probably best to hire a pro to double check.

[Dan Webb · Rating 3 out of 5]

While bringing some clarity to a quagmire of complex rules, I am more confused than ever. Instead of a few small bites, I can’t believe I “ate” the whole thing!!

[Enoch · Rating 4 out of 5]

Useful and I enjoyed the fully quips throughout.

[Cory Wallace · Rating 4 out of 5]

This book shows that retirement plans are not to your benefit. Do your due diligence and find things to your benefit. He did talk about life insurance which a step in the right direction.