Ed Slott
Ed Slott
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Full Name and Common Aliases
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Edward A. Slott is a well-known American financial consultant and expert on retirement planning.
Birth and Death Dates
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Born: 1946, exact date not publicly available
No death date reported, implying that the individual is still alive as of 2023
Nationality and Profession(s)
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Nationality: American
Professions: Financial Consultant, Author, Speaker, Educator
Early Life and Background
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Ed Slott's early life and background are not extensively documented in public sources. However, it can be inferred that his interest in finance and economics started at a young age. Growing up in the United States during a period of significant economic growth and social change likely influenced his career choices.
Major Accomplishments
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Ed Slott is a certified public accountant (CPA) with expertise in retirement planning, estate planning, and tax law.
He has written extensively on these topics, publishing numerous articles, books, and online content.
As the founder of Ed Slott and Company, LLC, he offers consulting services to individuals and financial professionals.Notable Works or Actions
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Some of his notable works include:
"The Retirement Savings Time Bomb...and How to Defuse It" (2006)
"Save Your Retirement: 11 Ways to Protect Your Hard-Earned Benefits" (2011)
Ed Slott is a frequent guest on financial media outlets, including Bloomberg TV and CNBC.
Impact and Legacy
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Ed Slott's contributions to the field of retirement planning have made a lasting impact. His books, articles, and online content provide valuable insights for individuals navigating complex financial issues. As a respected expert in his field, he continues to educate financial professionals and the public on best practices for managing retirement savings.
Why They Are Widely Quoted or Remembered
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Ed Slott is widely quoted and remembered due to his extensive knowledge of tax law and retirement planning. His ability to explain complex concepts in an accessible manner has earned him recognition as a leading authority in his field. He continues to be sought after for expert commentary on financial matters, further solidifying his reputation as a trusted resource.
Ed Slott's dedication to empowering individuals with the knowledge they need to make informed decisions about their finances is evident through his work. As a result, he remains a respected figure in the world of finance and economics.
Quotes by Ed Slott
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.
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.
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.
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,
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.
It's not a great move. When you buy a home, the expenses are just beginning...You're dipping into your pension.
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.
