Ed Slott Quotes
-
There are no extensions for IRA contributions, even if you have an extension to file your tax return.
-
Retirees are much too loyal to the company that employed them, ... When it comes to retirement savings, your first loyalty must be to yourself.
-
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.
-
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.
-
Nobody knows what future tax rates will be.
-
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.
-
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.
-
Most advisers don't realize non-spouse beneficiaries cannot do a rollover.
-
That's more than tax professionals charge for their own fee.
-
You may think you will be in a lower tax bracket later, but you don't know.
-
Now the IRS fees are higher than mine.
-
It's a nightmare, ... Your Tax Questions Answered.
-
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.
-
A Roth 401(k) or a Roth IRA takes the uncertainty out of predicting the future.
-
Every time something like this has happened in the past, people were grandfathered into the program.
-
What a mess. I cannot believe professionals are actually advising these things.
-
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.
-
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.
-
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.
-
Most people treat IRA contributions like they're paying a bill. They should think about it as paying themselves.
-
You've got to watch your income this year like no other year, ... Your Tax Questions Answered.
-
You certainly have plenty of time to do it.
-
Novice investors think they need to buy before that date. You should always buy after the date.
-
It's not a great move. When you buy a home, the expenses are just beginning...You're dipping into your pension.