Keeping Your Nest Egg Away From The Taxman
If you think your hard-earned retirement nest egg belongs to you and your kin, you'd better think again. Without smart tax planning, Uncle Sam can grab as much as 80% of the money in your individual retirement account (IRA) or other tax-advantaged savings plan. So says veteran tax accountant Ed Slott, 46, who publishes a monthly newsletter, Ed Slott's IRA Advisor ($79.95 yearly; 800 663-1340; www.irahelp.com). Personal Finance Editor Susan Scherreik recently spoke by telephone to Slott, whose offices are in Rockville Centre, N.Y.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.