Product Description

To coincide with his new public television special, airing on PBS stations starting in March 2009, Ed Slott’s proven plan for generating enough personal wealth to last you the rest of your life

Given the challenging economic times, we will all welcome Ed Slott’s concrete advice for generating enormous wealth. In this must-have book you’ll learn how to:

• Retire with more money than you ever could have imagined and still take care of your loved ones
• Move your money from FOREVER taxed to NEVER taxed
• Make your IRA and 401(k) safer during rocky periods
• Pick the best financial advisor and learn what pitfalls to avoid
• Think and plan like a multimillionaire
• Make Uncle Sam work for you

Based on Slott’s fundamental principles of building, protecting, and preserving wealth for you and your loved ones, Stay Rich for Life is filled with real life stories.

Product Details

• Amazon Sales Rank: #4682 in Books
• Published on: 2009-02-24
• Released on: 2009-02-24
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 256 pages

Features

• ISBN13: 9780345514424
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

About the Author
ED SLOTT is a nationally recognized IRA distribution expert who regularly delivers seminars around the country. He has been quoted in numerous financial publications. In 2008, his work was the feature of a #1 rated public television special that aired on PBS stations across the country. Slott lives on Long Island, New York.

Customer Reviews

Not Much Here - Should Be Condensed to An Article!
Slott asserts that Americans not only need to accumulate a nest-egg while working, but take good care of it after retirement so it will last through their retirement.

High taxes and huge medical expenses (prior to qualifying for Medicare, nursing-home care at any age) stand as challenges to those wanting to preserve their retirement. Exploding deficits caused by multi-billion-dollar bailouts, skyrocketing health care and entitlement costs, failing pension plans will push government to sharply increase taxes. Slott notes that today's top tax rate (35%) is far lower than it bas been for most of the years income taxes have been levied - most years it was at least 70% or higher.

Retirement funds will be a tempting target - there was $17.4 trillion in them mid-year 2007, almost 40% of all household financial assets.

Slott then goes on to advice on picking an accountant and attorney (I'd rather see basic advice allowing one to avoid their high fees), and the details of "the first half of the game" (saving and investment strategies - especially Roth IRAs), and then the "second half" (withdrawal strategies, estate-planning basics).

When Slott talked of strategies for turbulent times I was hoping he had macro-level strategies dealing with the current deflation we are in, followed by subsequent inflation. Examples might be buying a home(s) at auction (which cities, price range, areas), or which areas of the stock market are most likely to revive in the next few years. Lacking those, the book focuses at too low a level to be of much use.

Stay Rich for Life Review
Stay Rich for Life!: Growing & Protecting Your Money in Turbulent Times

Mostly easy to understand for the non-CPA. It is a rapid read and gives useful tips and scenarios for distributing savings built up in a retirement savings account with tax efficiency. The author points out pitfalls to avoid, especially in designating IRA beneficiaries. Am also reading a related book by Mr. Slott, "The Retirement Savings Time Bomb. and How to defuse it."

Ed Slotts 'Stay Rich for Life'
Exactly what I was looking for; content was what was advertised and gave me what I was looking for.