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Shvoong Home>Business & Economy>The Retirement Savings Time Bomb...and How to Defuse It Summary

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The Retirement Savings Time Bomb...and How to Defuse It

Book Abstract by: getAbstract     

Original Author: Ed Slott
Despite grand claims, most business books do not really provide specific plans for saving or making money. In contrast, Ed
Slott recommends five tactics that could save you thousands of dollars. Even better, he shows you how to use a "stretch IRA" to create a financial legacy, so your heirs in future generations can gain a financial benefit from their inheritance. He defines key concepts in estate planning and offers great advice about the benefits of Roth IRAs. Even though this book is not light reading, getAbstract highly recommends it to sophisticated investors and any American taxpayer who is serious about keeping a large percentage of his or her estate from the clutches of Uncle Sam. One caveat: verify his advice with your tax professional. Slott published this book in 2003, and some tax laws have changed since then.
Published: April 20, 2009
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