• Episode 146: Get Rid of Your Ticking Tax Bomb

  • Jul 18 2024
  • Length: 13 mins
  • Podcast

Episode 146: Get Rid of Your Ticking Tax Bomb

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  • Summary

  • Ed Slott is a CPA and one of my favorite experts on all things tax related. If you have deferred accounts like 401k, 403b, 457, or IRAs you have a ticking tax bomb. Looking over your entire retirement and where government spending is, our expectation is that there will be some high taxes coming again in the future. Your IRA is an IOU to the IRS! Key takeaways:
    • 401k distribution/rollover biggest check you may ever get
    • What should you do with it?
    • Diffuse this ticking tax bomb
    • Worst assets to leave your beneficiaries
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