Ed Slott Quotes
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There are no extensions for IRA contributions, even if you have an extension to file your tax return.
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Retirees are much too loyal to the company that employed them, ... When it comes to retirement savings, your first loyalty must be to yourself.
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If there's one generalization you can make, it's that Roth IRAs are for younger people, but that may extend up as high as 50, depending on the circumstances.
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All the calculators do is project an interest rate and a tax rate for retirement. You can't rely on that. It's a guide, maybe.
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You used to think that you couldn't afford to make a mistake, but now it's really true. You need a ruling if you make a mistake and it can be corrected, but now it's just more important that you do things right, or that your adviser does everything right.
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Nobody knows what future tax rates will be.
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Most advisers don't realize non-spouse beneficiaries cannot do a rollover.
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You may think you will be in a lower tax bracket later, but you don't know.
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The rulings are like the Nielsen ratings. Everybody who goes for a ruling probably represents tens of thousands of taxpayers who have the same problem, but didn't even know they could find relief.
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It isn't a killer deal to drop 2 percent. Only if it's a huge holding. But the bigger the holding, the more market risk there is. I wouldn't bank on that.
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That's more than tax professionals charge for their own fee.
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Now the IRS fees are higher than mine.
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It's a nightmare, ... Your Tax Questions Answered.
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A Roth 401(k) or a Roth IRA takes the uncertainty out of predicting the future.
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That's so ridiculous. Go up the chain and find out where on earth they got that policy. They could be costing people a lot of money.
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What a mess. I cannot believe professionals are actually advising these things.
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If you've planned a late wedding it may pay to put it off a few days into 2000 because the savings over (both) your lifetimes may pay for a few weddings for the kids.
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Every time something like this has happened in the past, people were grandfathered into the program.
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You've got to watch your income this year like no other year, ... Your Tax Questions Answered.
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A simple event like that, imagine. She went to her death thinking that maybe her husband was taken care of, but it wasn't that way and now he didn't get a cent.
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It's not a great move. When you buy a home, the expenses are just beginning...You're dipping into your pension.
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Most people treat IRA contributions like they're paying a bill. They should think about it as paying themselves.
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Novice investors think they need to buy before that date. You should always buy after the date.
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This way, if there are any problems, all the retirement money isn't at risk.