Don’t let short term thinking and a myopic view of your retirement investments derail your financial future! Our guest today puts it succinctly: your IRA is an IOU to the IRS. What would you owe the government now compared to in the future? Will tax brackets return to the heights we saw in the 1940s? Will the government continue to allow Roth IRAs to grow and be drawn upon tax-free? These are just a few of the topics we discuss today. “It would be tough to find anyone who knows more about IRAs than Ed Slott” – and that’s not a quote from us here at How To Money about our guest, but from USA Today. Ed Slott’s company is the nation’s leading source of accurate, timely IRA expertise, and analysis which they provide to financial advisors, institutions, consumers, and media. He’s often quoted in the New York Times, Forbes, Kiplinger, and countless other publications. He’s appeared on virtually all the TV networks, and he’s the author of the new book “The Retirement Savings Time Bomb Ticks Louder” which we get into today. Thanks for listening!

Additional links:

• IRA Help – Here’s Ed Slott’s website, with a ton of cool resources to learn more.

• Roth IRAs – A few resources for you to check out:
  • Difference between traditional and Roth IRAs
  • All about the Backdoor Roth IRA
  • How to become a Roth IRA Millionaire!

• Tax Planning – Give our convo with Sean Mullaney a listen for a slightly different take on the future of tax rates and how you can plan to pay as little tax as possible over your lifetime.

• Estate Planning – And if you haven’t done so yet, write your will and to make it easier on your beneficiaries should something nasty happen!

• Community – Join a thriving community of fellow money in the HTM Facebook group.

• Credit Card Tool – Looking for the right credit card for you? Then check out our new credit card tool that’ll help you to easily filter through all the cards based on your preferred airline, whether or not they have an annual fee, or simply by the cashback offer! Just toggle the sliders and you’ll know which card to consider.

During this episode we enjoyed a Velo by Halfway Crooks Beer! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!