The New Retirement Savings Time Bomb, Ed Slott
The New Retirement Savings Time Bomb, Ed Slott
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The New Retirement Savings Time Bomb
How to Take Financial Control, Avoid Unnecessary Taxes, and Combat the Latest Threats to Your Retirement Savings

Author: Ed Slott

Narrator: Dan Woren, Ed Slott

Unabridged: 14 hr 14 min

Format: Digital Audiobook Download

Publisher: Penguin Audio

Published: 03/02/2021

Includes: Bonus Material Bonus Material Included


Synopsis

A complete action plan from Ed Slott, "the best source of IRA advice" (Wall Street Journal), to help you make sure your 401(k)s, IRAs, and retirement savings aren't depleted by taxes by the time you need to use them.

If you're like most Americans, your most valuable asset is your retirement fund. We diligently save money for years, yet most of us don't know how to avoid the costly mistakes that cause a good chunk of those savings to be lost to needless and excessive taxation. Now, in the midst of a financial crisis, there is more need than ever to protect your assets. The Retirement Savings Time Bomb, by renowned tax advisor Ed Slott, shows you in clear-cut layman's terms how to take control over your retirement savings plan. This easy-to-follow plan helps you place your assets to avoid the latest traps set out by congress in addition to any that might be set down the road, so you can keep your hard-earned money no matter what. This book is required reading for every American with savings and investments who is planning to retire, be it five years from now or fifty.

* This audiobook comes with a downloadable PDF containing reference charts and resources from the print edition.

About The Author

Ed Slott is a highly sought-after professional speaker, CPA, and tax advisor. He is a Professor of Practice at The American College of Financial Services and his diverse client list includes major corporations such as New York Life, Fidelity Investments, Merrill, Nationwide Insurance, and Prudential. Slott’s writing frequently appears in national publications such as The Wall Street JournalThe New York Times, and USA Today, and he has appeared on broadcast television and radio stations nationwide. He is publisher of the popular monthly newsletter Ed Slott’s IRA Advisor. For more information, visit his website: www.irahelp.com.


Reviews

Goodreads review by David on March 19, 2021

High rating for what I believe is strong content about tax rules. The book covers material through the SECURE Act and the CARES Act. I won't lower the rating for it's less-than-stellar readability because it's a reference book but I'll talk about it here. The writing is an odd mix of engaging, tires......more

Goodreads review by Ann on August 31, 2021

Shouty advice on how to pay less tax on retirement funds. Could have done without the endless ranting about how paying taxes is equivalent to the government picking your pocket. Good advice about tax and estate planning I guess but way overlong and the tone was insufferable.......more

Goodreads review by Elwin on July 07, 2023

Amazing Retirement/Financial Awareness professional development read. 100% a 5 out of 5 star rating, considering the scope of the topic and delivery of this type of material in such a gripping and entertaining way. You'll learn a ton about: - Taxes - The IRS - Traditional Retirement Plans (401k, IRA's......more

Goodreads review by Donna on June 14, 2023

Very informative and helpful. Gave ideas not considered and a solid gameplay for the retirement years and for beneficiaries- took lots of notes......more

Goodreads review by Ron on June 18, 2021

This is not a book that's necessarily a "good read." The book has a lot of fluff, including aspersions about the IRS, Congress and how the government wants to take away your hard earned savings for retirement. However, the book provided me with 2-3 absolutely essentially pieces of advice that I have......more


Quotes

“Ed Slott is my go-to person for smart tax-saving advice on retirement plans. Right now, people planning for retirement especially need his help. Congress has passed a slew of new laws affecting your personal tax-favored plans, some of which make them less secure. This book shows you how to wring all the tax benefits possible from your plans, including smart ways of passing any remaining money to your heirs. Highly recommended!” —Jane Bryant Quinn, Author of How to Make Your Money Last: The Indispensable Retirement Guide
 
“If you're planning for or living in retirement, this book is required reading. Ed Slott is among the most trusted and knowledgeable retirement experts in the United States and the insights you will gain from reading this book will be invaluable. You'll learn how to create tax-efficient retirement income, take advantage of the most recent tax laws, as well as pass on more of your hard-earned wealth to your loved ones. The world is filled with those who proclaim to be retirement experts, but Ed Slott is truly that - an expert who deserves your time and attention.” —Robert Powell, editor of Retirement Daily and TheStreet, USA Today columnist, editor of Retirement Management Journal and host of Exceptional Advisor podcast
 
"An accountant with a sense of humor . . . Even though the subject is dry and the book is forced to deal with seemingly impenetrable I.R.S. language, Mr. Slott works hard to make it all accessible." —The New York Times

“Ed Slott is my go-to resource on the nuances of tax and retirement planning. His non-nonsense style makes the dizzying changes in the rules and laws surrounding these often confusing topics understandable and more importantly, actionable.” —Jill Schlesinger, CFP®, CBS News Business Analyst and author of The Dumb Things Smart People Do withTheir Money
 
“If you need to understand the ins-and-outs of retirement, look no further than this book by Ed Slott. He is the go-to expert for reporters and media folks like myself. When I have a question, I call Ed!” —Erin Arvedlund, author Too Good to Be True: The Rise and Fall of Bernie Madoff, and financial writer, Philadelphia Inquirer
 
“Congress has turned retirement savings into a quagmire of laws, regulations and acronyms that can serve as tax traps or opportunities. When advisers and journalists need help understanding the latest complexities, they often turn to Ed Slott, who can explain them with care and flair.” —Kathleen Pender, business columnist, San Francisco Chronicle
 
"Retirement planning is more complicated than it ought to be, but that's where Ed Slott comes in. He has a knack for providing tax- and retirement-planning guidance that's easy to understand, up-to-the-minute current, and--dare I say it?--fun. This book will be an indispensable part of many retirees' toolkits.” —Christine Benz, Morningstar