Ed Slott Quotations

Look at the score at the end of the #game.

There are no extensions for IRA contributions, even if you have an extension to file your tax return.

Most people treat IRA contributions like they're paying a bill. They should think about it as paying themselves.

Most advisers don't realize non-spouse beneficiaries cannot do a rollover,

Now the IRS fees are higher than mine.

Retirees are much too loyal to the company that employed them, ... When it comes to retirement savings, your first loyalty must be to yourself.

Nobody knows what future tax rates will be.

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.

There are good options, easy to set up and cheap to maintain.

Every time something like this has happened in the past, people were grandfathered into the program.

This way, if there are any problems, all the retirement money isn't at risk.

What a mess. I cannot believe professionals are actually advising these things.

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.

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 defined-benefit Keogh would allow you to sock away a lot more, with the amount you contribute depending on your age and compensation. It makes the most sense for someone older making a significant amount of money.

Novice investors think they need to buy before that date. You should always buy after the date.

That's more than (tax) professionals charge for their own fee.

You've got to watch your income this year like no other year, ... Your Tax Questions Answered.

You may think you will be in a lower tax bracket later, but you don't know.

It's the best motivation to save for retirement that we've seen in America. Everybody should be in the Roth game if they can.

It's a nightmare, ... Your Tax Questions Answered.

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.

It's not a great move. When you buy a home, the expenses are just beginning...You're dipping into your pension.

So a working couple can contribute a lot more with a Roth 401(k). Each spouse can put $15,000 into a Roth 401(k). It's an opportunity to put a lot of money away that you'll never again have to share with the government.

A Roth 401(k) or a Roth IRA takes the uncertainty out of predicting the future.

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,

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.

You certainly have plenty of time to do it.

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.

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.