President-elect Donald Trump is expected to extend his 2017 tax cuts, which expire at the end of 2025. Ed Slott & Company Founder and CEO Ed Slott joins Wealth! to discuss what this means for retirement accounts and provide tips for retirement savings. “People always complain about taxes, but these are the good ole years, and you might have a few more years of that,” Slott advises. He emphasizes the strategic importance of Roth IRA conversions, encouraging retirement savers to maximize tax-free investment opportunities — “cause everybody likes tax-free.” Slott advocates for individuals to transfer retirement funds from traditional 401k and IRA investments to Roth 401ks and Roth IRAs to build tax-free wealth for the future. With an option like that, “Why on earth would you bother with a 401k? ” Slott asks.
#youtube #401k #retirement
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