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CNBCTax dodgers: Excuses and dubious strategies won't save you on taxesCNBCThis is predicated on the idea that if business profits are funneled through the Roth, they will be tax free, said CPA Ed Slott, founder of Ed Slott and Company in Rockville Centre, New York. Under normal circumstances, withdrawals from a Roth IRA are ...and more »
Investor's Business DailyYou'll Want To Hear This Top Pro's Tips On How To Pick An AdvisorInvestor's Business DailyA certified public accountant, Ed Slott oversees a business that centers on retirement planning and education. His firm, Ed Slott & Co., trains advisors on IRAs and other tax-deferred savings vehicles. The author of many books including "Ed Slott's ...The April 1 Tax Deadline Hitting Oldest Baby Boomers - ForbesForbesall 23 news articles »
4 basic money principles Iwish I knew after graduationThe Manila TimesAccording to financial author Ed Slott, “Time is the greatest money-making asset an individual can possess.” When your folks say time is money, they are correct! Do not wait until you are in your 30s, 40s or 50s before you start investing. An advantage ...
ForbesThe April 1 Tax Deadline Hitting Oldest Baby BoomersForbesTax day is Tuesday, April 18 this year—giving procrastinators a little leeway from the traditional April 15 deadline. That's when you file your federal and state income tax returns for the 2016 tax year. But there's another April tax deadline for lots ...and more »
Errors in taking retirement distributions can be costlySalina Journal (subscription)IRS regulations are precise regarding IRAs and RMDs. Penalties are expensive. Make sure you and your beneficiaries are well-informed. Ed Slott's books will be helpful. A good one is “The Retirement Savings Time Bomb … and How to Defuse It” (Penguin ...
InvestopediaThe Roth Mistake You Need to Undo before April 18InvestopediaForm 5329 is regarded as its own tax return, so if you don't file, the IRS can levy “a failure to file penalty, plus accuracy-related penalties,” according to Jeffrey Levine, chief retirement strategist at Ed Slott & Co. in Rockville Centre, New York ...
CNBCHere's why that big tax refund isn't great news for you - CNBC.comCNBCEveryone loves getting something back from Uncle Sam this time of year. Think twice before you celebrate that small windfall.and more »
MarketWatchShould the US raise the age for required IRA distributions?MarketWatchEd Slott, an IRA specialist and certified public accountant, argues that the government should raise the age for mandatory withdrawals from retirement accounts. Robert L. Meyer, CEO and chief investment officer of Ibis Capital, makes the case for ...and more »
Self-Directed IRA CEO Lists Three Investment Books That Investors ?Must ReadIT Business NetEd Slott's Retirement Decisions Guide," is specifically geared toward people who have to navigate retirement investing and make life-changing decisions at what feels like every turn. This means the list goes beyond basic investing knowledge and ...and more »
BloombergPlanning for a Low-Tax, High-Deficit WorldBloombergBut when it comes to converting your tax-deferred IRA to a tax-free Roth one, Ed Slott thinks now may be the exception. “Tax rates may never get lower in your lifetime than in 2017,” says the accountant and creator of the personal finance website ...and more »
Errors in taking retirement distributions can be costlyChicago TribuneInvestors know that there are many advantages to IRAs and other retirement plans. However, owners of these accounts and their beneficiaries don't always follow the complex IRS regulations associated with them, and the penalties can be significant.
NasdaqWant To Be A Richer Retiree? 12 Ways An IRA Can HelpNasdaq"You control the money," said Ed Slott, founder of IRAhelp.com. "You don't have to work for a company. You don't have to follow a company retirement plan's rules. You can keep the IRA where you want. You can consolidate all of your retirement accounts ...Should the US Raise the Age for Mandatory IRA Withdrawals?Wall Street Journal (subscription)all 24 news articles »
Wall Street Journal (subscription)Should the U.S. Raise the Age for Mandatory IRA Withdrawals? - WSJWall Street Journal (subscription)Those in favor say 70½ is too young a threshold, because Americans are living longer and retiring later. Skeptics say raising the age could hurt retirement ...and more »
InvestmentNewsDonald Trump vs. Bill Clinton: Same age, but different IRA rulesInvestmentNewsBoth Presidents Donald J. Trump and Bill Clinton turned age 70 in 2016. They were both born in 1946 and are in the first group of baby boomers to be subject to the age 70 ½ required minimum distribution rules, assuming of course they both have IRAs.and more »
Investor's Business DailyETFs & FundsInvestor's Business DailyMost of the money in traditional IRAs is pretax. It does not count as part of your taxable income. When you put it in, you got a tax deduction for it. Then you'll owe income tax on withdrawals. But some contributions that workers put into IRAs are ...and more »
Investor's Business DailyHow To Sidestep Traps Hidden In Your IRAsInvestor's Business DailyMost of the money in traditional IRAs is pretax. It does not count as part of your taxable income. When you put it in, you got a tax deduction for it. Then you'll owe income tax on withdrawals. But some contributions that workers put into IRAs are ...and more »
ForbesHow A High-Earner Couple Got $100000 Into Roth IRAs Via The BackdoorForbesJeffrey Levine, chief retirement strategist for IRA expert Ed Slott & Co., just helped a 30-year-old emergency room doctor who earned $325,000 last year do backdoor Roths for the 2016 and 2017 tax years. “The earlier you start the better off you are ...and more »
Yahoo FinanceThis tax-season foul up will cost you — and your Roth IRAYahoo FinanceIf you made too much money last year and contributed to this tax-advantaged account, your finances are about to take a hit.and more »
CNBCThis tax-season foul-up will cost you — and your Roth IRACNBC"You got a big bonus at the end of the year or you've just gotten married, and you're not aware of how high your income is," said Jeffrey Levine, chief retirement strategist at Ed Slott & Co. in Rockville Centre, New York. "It's a hot button for ...and more »
ReporterNews.comBoomer tax tip: Take required minimum IRA distributionsReporterNews.com“Those who are the biggest savers get hit the hardest because they saved the most,” said Ed Slott, who advises retirees and hosts a public-television show on saving and retirement vehicles. “RMDs really change the way you do taxes. When you're working, ...