Ed Slott’s much-hyped new book, “The New Retirement Savings Time Bomb: How to Take Financial Control, Avoid Unnecessary Taxes, And Combat the Latest Threats to Your Retirement Savings,” was released today during a live, virtual a book launch party at 6 p.m. ET.
The book has already achieved “No. 1 new release” status in the retirement planning category on Amazon prior to its March 2 publication date. The book is now available for purchase through all major retailers as detailed on irahelp.com/timebomb.
Slott, founder of irahelp.com, nationally recognized IRA distribution expert, professional speaker, television personality, and best-selling author, has long been a leading advocate of the “stretch IRA,” so called to describe the ability of IRA beneficiaries to “stretch” distributions from an inherited IRA over their lifetimes. The stretch IRA tax strategy was notably eliminated as a “pay-for” when the SECURE Act was passed at the end of 2019.
The new book, a sequel to his 2003 best-selling book, “The Retirement Savings Time Bomb… And How to Defuse It,” covers the latest events impacting tax code—in addition to the SECURE Act, it also covers the Tax Cuts and Jobs Act and the CARES Act—and breaks down how retirement savers need to plan differently since these laws were enacted.
“Taxes will be the single biggest factor that separates people from their retirement dreams. There has been monumental legislation in recent years that has created a major overhaul of the tax system, affecting virtually everyone in some way with countless implications,” Slott said in a statement announcing the release of the book, published by Penguin Books.
“Now, more than ever before, it is crucial that Americans implement the latest planning strategies available to them. This book provides readers with an easy-to-understand step-by-step guide to disarm the retirement savings time bomb and navigate the latest retirement and tax planning laws and strategies so that they can better protect their hard-earned money.”
“The New Retirement Savings Time Bomb” is being billed as a complete action plan to help Americans ensure their 401ks, IRAs, and retirement savings aren’t depleted by taxes by the time they need to use them.
Slott shows readers in clear-cut layman’s terms how to take back control over their retirement savings and financial future by walking them through five actionable steps to protect their retirement savings from the taxman.
“Right when you’ve finally made it to retirement, there is this looming uncertainty about how much of your own money you actually get to keep,” added Slott. “That is why it is vital that Americans take action now to protect the assets they’ve spent a lifetime building from excessive taxation.”
Slott is recognized for his unparalleled ability to turn advanced tax strategies into understandable, actionable and entertaining advice. He regularly presents nationwide on IRA and estate planning strategies at both consumer events and conferences for financial advisors, insurance professionals, accountants and attorneys. His company, Ed Slott and Company, LLC, is the nation’s leading provider of accurate, timely IRA expertise and analysis, helping navigate through the distribution phase of retirement.