The retirement savings time bomb--and how to defuse it
Subtitle: a five-step action plan for protecting your IRAs, 401(k)s, and other retirement plans from near annihilation by the taxman
By: by Ed Slott
Publisher: Penguin Books
Published: 2012
Place of publication: New York
Language: eng
ISBN-13: 9780143120797
Subjects: Taxation; Planning; Pension trusts; Personal Finance; Retirement income
Description: "In THE RETIREMENT SAVINGS TIME BOMB, renowned accountant and "America's IRA expert" Ed Slott, shows the millions of Americans who have the majority of their assets (now upwards of $10 trillion, nation-wide) invested in such retirement plans as IRAs, 401(k)s, 403(b)s, 457s, Keogh plans, SEP-IRAs and Roth IRAs, how to avoid losing up to 90% in taxes when you start using the funds postretirement or want to bequeath them to your spouse and family after your death. The stand alone reader for IRA and retirement planning, this thorough guide is packed with answers to frequently asked questions, exercises, check-lists, strategies, and insider tips as well as amusing war stories, and more serious hard-learned lessons from Ed Slott's years of experience in the tax and accounting trade. Slott's clean and clear-cut terminology translates complicated tax law, codes, and equations into simply understood laymen concepts. In Ed Slott we have the perfect author: a recognized expert, sought after speaker, much-loved media personality. In The Retirement Savings Time Bomb we have the perfect guide, which will transform the country's tax illiterate into the tax savvy"--
Notes: Includes bibliographical references and index.