Good Tax Planning Can Save You HOW Much?! Find Out From IRA Guru Ed Slott, CPA

[@YourMoneyYourWealth]

50 people will receive a free copy of Ed Slott’s new book, The Retirement Savings Time Bomb Ticks Louder, just for having a free financial assessment with Pure Financial Advisors. 10 of those 50 will be randomly selected to receive a copy of the book, signed by Ed Slott! Schedule your assessment ASAP: purefinancial.com/lp/free-assessment/?.com&YMYW-489

[@keithmachado-pp6fv]

The reason the government loves Roth is they get their tax up front and can invest that instead of you investing it. Hello. Who is short sighted? In case there is any question with the math. You are 60 today and convert $100k today in the 24% bracket and send the IRS $24k. If you defer for 15 years, even if you hit the bottom of the 28% bracket, your effective tax rate will be less than 20%. That is all that matters, what % do you pay to convert vs what % tax do you pay to defer. Anything else is noise by financial advisors to make it seem more complicated than it actually is.

[@davidfolts5893]

True enlightenment may be difficult because the tax code keeps changing. Similar to reincarnation, once you achieve one level, you have to keep moving up.😆

[@keithmachado-pp6fv]

These videos make me laugh. I give credit for the Good job with catch phrases. I will throw one in “more sizzle than substance”. Let’s analyze them. “Tax timebomb” very catchy but not accurate for most. Do your due diligence. The RMD on $1m RMD is minimal. From “forever taxed to never taxed”. Total bull. It’s really from “pay tax today at your top marginal rate to defer and pay slowly taking advantage of inflation adjustments”. The “halftime analogy” is not even understandable. “IRA is an IOU to the IRS”. How did you come up with that one. Let’s see. If you are 60 today with an IRA and defer, when RMDs kick in at age 75 your RMD on $1m will be less than the standard deduction indexed for inflation. If you only have RMDs and SS you will pay zero tax. Anyone with less than $1m in an IRA should run away from this advice which is meant to sell books and not help you. FYI I have replied with these true comments before and they never reply. Truth is tough to swallow.

[@YourMoneyYourWealth]

"They" never reply because person managing this channel (hi!) isn't a qualified financial professional. I'll take your numerous responses to the hosts of Your Money, Your Wealth and will report back if they decide to address them. In the meantime, thanks for the engagement on our channel!

[@keithmachado-pp6fv]

I won’t hold my breath

[@YourMoneyYourWealth]

kzbin.info/www/bejne/m3TFl2ivaNKdaqs

[@keithmachado-pp6fv]

Thank you for replying. I stand corrected that you never respond as my other comments were not on your channel as Ed Slott speaks on multiple channels. I have done some due diligence and are very impressed with the recognition Joe received from Forbes. I also went back and saw that I commented positively on one of your previous videos where you talked about drawing down your tax deferred assets (but not necessarily converting to Roth). As for the offer of Ed’s book, I will pass as I just checked and I have plenty of kindle for the fireplace (I couldn’t resist). As for more hat than cattle, you would be surprised.

[@YourMoneyYourWealth]

Thanks, Keith. Recognition for our team members, for Pure Financial Advisors as a company, and for the Your Money, Your Wealth podcast and KZbin channel is regularly updated on our website: purefinancial.com/why-pure/news/