Dec 04 2010

Ed Slott reveals the sad truth of IRAs.

Ed Slott is mesmerizing in his manner of speech. I love listening to him.  I feel better informed about lifetime saving realities and on top of my game when I view his videos and read his books. The bottom line? The tax free accounts most people fund all their working lives don’t give a valid return. As this goes against everything proposed by the nationally accepted plan of savings and it’s conversion, this might be hard for you to believe. But, Ed Slott’s presentation were was convincing enough for our family to place our 401-K assets into other investment avenues.

Think about this: Ed Slott says that if “you like staring at zeros on a piece of paper,” you are well served by your IRA plans, but if you want lifetime assets to eventually cash in or pass down to your family, you are in the wrong ball park. It just doesn’t work the way you have been lead to believe it does.

I couldn’t possibly lay it all out for you as well as Ed Slott, so here is a video to broaden your saving horizons. Click play to learn how you can better your retirement and your family’s inheritance:

Video #1-3 seem to be missing on YouTube.com, but this
one explains the basics. At the end, look over to the
right hand side and find #5 & 6.

Ed Slott has a very informative and polished web site to access by clicking here. By the way, there is a workshop for financial advisers on March 25 & 26 in Washington, D.C. that beckons to any financial professional interested in helping clients provide the best for themselves later in life and for their heirs.

Although you may not have heard of Ed Slott as yet, the bio on his web site lists a few of his many accomplishments. He has been “named “The Best” source for IRA advice by The Wall Street Journal and called “America’s IRA Expert” by Mutual Funds Magazine. Ed is a widely recognized professional speaker and collaborated to create the nationally aired Public Television specials, “Lower Your Taxes Now and Forever with Ed Slott” (2010), “Stay Rich for Life! with Ed Slott” (2009), and “Stay Rich Forever & Ever with Ed Slott” (2008).

Ed Slott also established the IRA Leadership ProgramSM and Ed Slott’s Elite IRA Advisor GroupSM, which were developed specifically to help financial institutions and advisors, financial advisor firms and insurance companies become recognized leaders in the IRA marketplace”

 

On his web site, Ed Slott offers a newsletter power packed with essential information.  Look for this banner:

Experts are baffled by the complex IRA tax laws and their corresponding rules. Yet, you must know them and how to apply them CORRECTLY to any particular situation. Otherwise, you will be hit with excessive taxes and possibly even penalties that can consume the lion’s share of your life savings.

Protecting your nest egg from needless taxation is the main purpose of this newsletter.

 

I betcha, once you watch Ed Slott’s video and look at his web site, you will be looking forward to reading his books.  I can’t say which one is better as they all provide insights that knock your sense of the IRA savings world off its moorings.

Here is one of his books for you to preview by hovering your mouse over the link:

The Retirement Savings Time Bomb . . . and How to Defuse It: A Five-Step Action Plan for Protecting Your IRAs, 401(k)s, and Other RetirementPlans from Near Annihilation by the Taxman

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