Ed Slott
speaker
299 appearances
3 recordings
1 series
first heard Jan 2018
last heard Apr 2022
Ed Slott’s voice in public audio — every appearance, attributed to the second.
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Appearances
So with Roth IRAs, not only is the money growing tax-free forever, income tax-free, it never has to be withdrawn.
So you have total control.
So if you don't need the money after 70 and a half, you can just keep accumulating and compounding tax-free.
And tax-free money always grows the fastest because it's never eroded by taxes.
Well, the drawbacks is you have to pay the tax.
You have to pay to get into the program.
And that's probably the biggest stumbling block for a lot of people.
But you get what you pay for.
Once you pay the tax, it's tax-free all the way through, including earnings.
That is the number one question I've received for 20 years since the Roth has been around.
It usually goes like this at a seminar.
Can I trust the government to keep its word?
And normally the answer is, of course not.
But now I've changed my tune.
I'm saying absolutely yes.
And we've seen it over the years, little by little, the government, Congress has expanded Roths.
Why?
Because they like people to have tax-free income?
No, because it brings in money for the government.
And if you noticed, in the wrangling and the negotiations of this latest tax bill, there were some ideas of
Showing 221–240 of 299 · page 12 of 15
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