Human Capital: Why Ed Slott Thinks Taxes Are Heading ‘Through the Roof’
In this episode, Slott talks about why 401(k)s and IRAs are likely targets for future tax hikes.
In this episode of Human Capital, we talk with IRA and tax specialist Ed Slott of Ed Slott & Co. about his upcoming book, “The New Retirement Savings Time Bomb,” to be released in March.
What’s it about/? “The big message is to control the taxes,” Slott says.
“We’ve had lots of tax law changes, but every time something happens it seems to affect retirement accounts more than anything else, and that’s where most people have most of their savings for retirement — an IRA or 401(k).
“The reason those accounts are most affected is the way they were set up.”
Listen in as Slott also explains why he still sees 401(k) plans and IRAs as likely sitting ducks for future tax increases under the Biden administration.
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