The Retirement Savings Time Bomb ...and How to Defuse It
Author: Ed Slott
List Price: $24.95
Our Price: Click to see the latest and low price
ISBN: 0670032360
Publisher: Viking Press (February, 2003)
Sales Rank: 4,368
Average Customer Rating: 4.3 out of 5
Customer Reviews
Rating: 5 out of 5
Clever treatment of a complex subject! A must read.
"If you have an IRA, 401k, or 403b, read this book to protect yourself from making unnecessary tax mistakes," says Julie Jason, JD, LLM, financial columnist and author of You & Your 401(k), The 401(k) Plan Handbook, and Strategic Investing After 50. "The Retirement Savings Time Bomb does two things: 1) it teaches you the essentials you need to know about how taxes affect your retirement plans. 2) It tells you what to do through a simple five step plan. A clever way to cover a complex subject."
Rating: 5 out of 5
Excellent book!
This book ought to be required reading for everyone who has a retirement plan. While many books and magazines cover how to build wealth, you can never really do that without considering taxes which are the ultimate bottom line. Mr. Slott deftly handles the subject of preserving wealth in a straightforward and quick witted style. Just as the vagaries of the IRS rules have you almost dozing off, Slott's sharp sense of humor snaps you back to the reality that hey-- it's your money, no one should, or will care more about it than you! If you're happy to see more of it go to the IRS rather than to yourself or to your heirs, then the IRS will be happy to accommodate you! Mr. Slott's five step plan is an alternative to that, which I'm sure most people would prefer. I feel so strongly about the value of this book, I bought extra copies to give to family members and friends. (I'm not parting with mine!)
Thank you, Mr. Slott.
Rating: 5 out of 5
Fire you advisor
I am in the financial services industry. If your current advisor does not understand the IRA, 401K, etc. rules, you need to find one that does.Recently I did an informal survey of my coworkers. I tested their knowledge of retirement plan. Almost all of them failed! If it scares me, and it should frighten all of their clients.
If you want to give away a lot of your hard earned money to the government, do not read this book. Otherwise, read the book and find a competent advisor to help you implement the strategies.
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