The Retirement Savings Time Bomb Ticks Louder Quotes

“Word to the wise: The IRA custodian is not required to notify your beneficiaries of these rules, and many will not. It’s up to you to let your heirs know about these requirements so that they don’t make an error and get stuck with unnecessary missed RMD penalties.”
― Ed Slott, The Retirement Savings Time Bomb Ticks Louder: How to Avoid Unnecessary Tax Landmines, Defuse the Latest Threats to Your Retirement Savings, and Ignite Your Financial Freedom

“This requirement of annual RMDs within the 10-year period stems from an old rule in the tax code called the “at least as rapidly rule” (ALAR). While many originally”
― Ed Slott, The Retirement Savings Time Bomb Ticks Louder: How to Avoid Unnecessary Tax Landmines, Defuse the Latest Threats to Your Retirement Savings, and Ignite Your Financial Freedom

“This”
― Ed Slott, The Retirement Savings Time Bomb Ticks Louder: How to Avoid Unnecessary Tax Landmines, Defuse the Latest Threats to Your Retirement Savings, and Ignite Your Financial Freedom

“Favorable tax treatment isn’t a holy writ. But before saving money over decades in a special account, people need to have faith that future politicians won’t rewrite the rules…. Congress has shown how carelessly it is willing to break its end of the bargain.” —The Wall Street Journal, December 23, 2019”
― Ed Slott, The Retirement Savings Time Bomb Ticks Louder: How to Avoid Unnecessary Tax Landmines, Defuse the Latest Threats to Your Retirement Savings, and Ignite Your Financial Freedom