Most Common Retirement FAQ Answered With Ed Slott, CPA

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Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation.

01:28 - SECURE Act: Clarity on RMD Rules?
04:31 - How Golf and Football Are Like Retirement
06:25 - The Biggest Retirement Planning Mistake
09:37 - The Value of Ed Slott's Books
14:14 - The Problem With Tax Professionals: Short-Term Tax Planning
17:36 - "I Love Roths Because I Love Tax-Free"
20:50 - What's the Break-Even Point on a Roth Conversion?
21:45 - Can We Trust That Roth IRAs Will Always Be Tax-Free?
24:15 - SECURE 2.0 Act: Stretch IRA Changes
26:16 - Naming a Trust as Beneficiary of Your Retirement Account: Good Idea?
31:29 - Unnecessary and Excessive Taxes: Why Ed Slott Became the IRA Expert
37:54 - How Much Money Can You Save in Taxes With Good Tax Planning?
42:54 - What About People Who Don't Have the Money to Pay the Tax on a Roth Conversion?
43:27 - Ed Slott's PBS Specials on Retirement
46:08 - How to Get Ed Slott's Book, The Retirement Savings Time-Bomb Ticks Louder

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• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
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CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.

#retirementplanning #EdSlott #RetirementSavings

[Bondbeer]

Great video as always. Very informative on leaving money to a trust in case your kids get divorced and pointing out the ten year rule makes it less beneficial. An inherited Roth has the same 10 year rule so no difference if leaving it to a trust.

[gerald]

My plan now is(im 74) is to take my rmd the first few weeks of next year then 20 k stock movement from ira to roth, when i retired in 2015 I was making very little money so I transfered money each year so I moved 200k I filed for a spousal benefit which I got from 2016 to 2020 then filed for my social security at 70, for two years when I first got my own social security I took the rmd and sort of planned to do that to minimize my taxes, but with time to think about it I saw where my rmds were getting larger and larger..so I started my plan..thanks for your page I read you a

[casablue]

I think more focus should be on how you're getting taxed on the way in today (Roth) compared to how you would be taxed on the way out tomorrow (Traditional). Lets look at compound interest comparing 10K Traditional vs 6.9K Roth living in CA with 22% and 9.2% marginal tax rates. Every dollar you contribute to a Roth in CA on the way in costs over 31 cents so you need 10K to invest 6.9K. If you let Traditional investment compound interest and then move to a tax friendly state at retirement the balance will be much larger. Leveraging a smaller effective tax rate for Roth rollovers you end up with more in your Roth being taxed on the way out.

[Abraham.Lincoln]

Great interview. Half education & half comedy. Lol. 👍👍

[davidfolts]

Learn from the smartest people: Save time, which is your most important asset.🎯

[gerald]

every year we have an chance to move a certain amount out of your ira and into a roth...start early and dont miss a chance....fill up the bracket or if you have plenty of cash for taxes just stay below irmma.

[elizabethjustis-fpyt]

Can some details be given on “wasting a tax bracket “?

[ael]

I agree with Ed Slott to have everything in the Roth IRA, but I am currently 60 years old, and have a job that offers me health insurance, I have a HSA that you can have till your 65. I have $130k in my IRA, which I'm trying to convert before 2026 tax year. My concern is if I was to lose my job before I'm 65, I may need my IRA in order to receive health insurance from the affordable care act. I wouldn't want to get my health insurance from Cobra, which is not only expensive but only good for 18 months. What should I do? Covert everything before taxes go up in 2026, or covert everything before reaching 65 and hope I have a job with health insurance till my 65th bday.

[gerald]

they shoukd have hired you to write the book.

[chrishagins]

I stopped watching once he mentioned whole life insurance.

[BuddyDog]

The ol fart Ed Slot says SAME STORY EVERYTIME. 😮