Overview -
The Retirement Savings Time Bomb . . . and How to Defuse It
Product Details
- Pub. Date: December 2007
- Publisher: Penguin Group (USA)
- Format: Paperback, 400pp
- Sales Rank: 39,246
Synopsis
The premier guide for retirement and investment planning by "America's IRA Expert" (Mutual Funds magazine)fully updated to reflect the recent tax rule changes
With the possible e xception of home property, the most valuable asset for most Americans is their retirement fund. Yet most people don't know that the IRS is waiting to grab up to 90 percent of their hard-earned retirement savings. Now, in this fully updated edition of The Retirement Savings Time Bomb, renowned tax advisor Ed Slott explains in clear-cut layman's terms what people need to know to keep their money and pass it on to their families.
More Reviews and Recommendations Biography
Ed Slott has been a CPA and financial advisor for more than twenty years, and his expertise is regularly consulted by major media outlets and corporations alike.
More About the Author
Editorial Reviews -
The Retirement Savings Time Bomb . . . and How to Defuse It
From the Publisher
The premier guide for retirement and investment planning by "America's IRA Expert" (Mutual Funds magazine)fully updated to reflect the recent tax rule changes
With the possible e xception of home property, the most valuable asset for most Americans is their retirement fund. Yet most people don't know that the IRS is waiting to grab up to 90 percent of their hard-earned retirement savings. Now, in this fully updated edition of The Retirement Savings Time Bomb, renowned tax advisor Ed Slott explains in clear-cut layman's terms what people need to know to keep their money and pass it on to their families.

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Features -
The Retirement Savings Time Bomb . . . and How to Defuse It
Table of Contents
Author's Note vii
Introduction: Playing the "Back 9" xi
Talking the Talk: A Foolproof Primer of Essential but Often Confusing Tax Terms and Definitions 1
What to Do with the Biggest Check You'll Ever Get 17
The Crime of the Century 19
What's Your Risk IQ? 25
Roll Over, Stay Put, or Withdraw? 34
Five Easy Steps to Protecting Your Retirement Savings from the Taxman 81
Step #1: Time It Smartly 83
Step #2: Insure It 148
Step #3: Stretch It 165
Step #4: Roth It 205
Step #5: Avoid the Death Tax Trap 240
When Things Don't Go as Planned 265
What to Do When S*** Happens 267
Resources 315
Appendices
IRS Joint Life Expectancy Tables 321
IRS Tax Forms and Publications You Should Have (and Where to Get 'Em) 347
Sample Beneficiary Designation Forms and "Stretch IRA" Beneficiary Information Sheet 351
Acknowledgments 357
About the Author 365
Index 369