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retirement tax planning strategiesYahoo Finance
•62% Informative
Ed Slott is a certified public accountant in New York and an expert on IRAs.
He says IRAs and 401(k) accounts are only tax-deferred — not tax-free.
" The Retirement Savings Time Bomb Ticks Louder: How to Avoid Unnecessary Tax Landmines , Defuse the Latest Threats to Your Retirement Savings, and Ignite Your Financial Freedom ".
Most people should probably stop contributing to traditional 401(k)s and IRAs and go Roth IRAs.
If you do nothing, the IRA continues to grow and at age 73 , the new required minimum distribution age, they're going to be forced to take it out.
The best option for most people is the IRA rollover.
VR Score
63
Informative language
59
Neutral language
50
Article tone
informal
Language
English
Language complexity
25
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
4
Source diversity
4