Episode 193 - Invaluable Advice from One of the Top IRA Experts in the Country, Ed Slott

Should you choose a Roth or a Traditional IRA? Is a Roth IRA conversion right for you? What are the tax implications of your choices, both now and taking into account potential future tax law changes? There are so many questions it can seem impossible to develop a sound strategy, but you need to have one. Hoping for the best is not a plan.

On this episode of The Lange Money Hour, CPA/Attorney Jim Lange welcomes back Ed Slott, CPA, best-selling author and one of the top IRA experts in the country. The Wall Street Journal calls Ed’s website, irahelp.com, “The best source for IRA advice .” Listen to this show and learn from the best—your financial security depends upon it.

On this program, Jim and Ed discuss:
• The basics of Roth IRAs
• The benefits of the Roth 401K and who is eligible
• Common IRA mistakes Ed has come across in recent years
• Strategies to help baby boomers minimize the tax impact of required minimum distributions
• The importance of long-term planning over quick fixes
• What to do if your income is too high to contribute to a Roth IRA (Back Door Roth IRA)
• Whether taxes will go down, and if so, how members of the middle class can benefit
• How you and your heirs can plan for the pending “Death of the Stretch IRA”
• And… what Pittsburgh Pirate Hall of Famer Bill Mazeroski has to do with your retirement planning!
The audio will also be archived on our web site at www.paytaxeslater.com/radioshow.php, along with a written transcript.
*All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment strategy or plan will be successful. Investment advisory services offered by Lange Financial Group, LLC.