ES
Ed Slott
30quotes
Quotes by Ed Slott
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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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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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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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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.
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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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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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