Publisher's Synopsis
Corporate pensions are disappearing. Social Security is in trouble. And the sizable postwar generation is reaching retirement age. With the futures of millions of Americans at stake, Ed Slott, the country’s foremost retirement planning adviser, now offers expert advice on weathering the perfect storm of financial instability that looms on the horizon.Your Complete Retirement Planning Road Mapprovides clear step-by-step directions through the highways and byways of IRAs, 401(k)s, 403(b)s, and other major accounts.
In five focused sections, Slott combines crucial facts with checklists and questionnaires to teach investors and beneficiaries alike the best way to save and to maximize an inheritance. Inside you’ll discover
• an overview of every retirement savings account you own–from what it is and where it is to who gets it and how, plus where to put important data
• how to properly fill out retirement account beneficiary forms so that money goes to whomever you choose and not to relatives who pop up out of nowhere
• what to do when you inherit so that you won’t lose any tax benefits or make a mistake that could wipe out an inherited fortune that took years to build up
• how to handle out-of-the-box issues such as divorce or incapacity; tax issues for unmarried partners; decisions about trusts
• how to determine whether your professional retirement adviser is really up to the task of preserving and protecting your money
• the most up-to-date information on tax laws, including the Pension Protection Act, which provides major new retirement incentives that you can take advantage of
Your Complete Retirement Planning Road Mapis an indispensable planning solution that is sure to become the standard how-to on a complex subject that is becoming relevant to more people every day.
“IRA savant Ed Slott [helps] you make the most of your retirement earnings or inherited account.”
–USA Today
“Ed Slott knows more about the care and feeding of IRAs than anybody else.”
–Newsday
