Parlay Your IRA into a Family Fortune

asked by redsink on November 19, 2006 6:21 AM

Ed Slott's book The Retirement Savings Time Bomb . . . and How to Defuse It taught Americans how to protect their hard-earned cash from the IRS's coffers. Now, “America's IRA expert” (Mutual Funds Magazine) returns with a bulletproof plan for ensuring your IRA's continued longevity, tax-favored, for generations.

In Parlay Your IRA, Ed Slott shows you how to make the most out of your retirement plan. Slott's three-step strategy cuts through the tax laws and provides simple, easy-to-follow instructions for managing your IRA and other retirement income. Learn what you can do to parlay it into a fortune during your lifetime, and what you must do now to ensure that your beneficiaries will have all the options available to capitalize on the opportunity you've created for them to keep your money growing.

Packed with strategies, tips, answers to frequently asked questions Parlay Your IRA into a Family Fortune offers real solutions to making the most of your retirement money.

Learn how to:
* Achieve unlimited tax-free income when you retire.
* Pass more assets on to loved ones and other beneficiaries
* Keep retirement assets in the family for decades, even generations, and pay minimal or no taxes
*Protect your retirement account from creditors, divorce, bankruptcy, lawsuits, or other problems that could expose it to loss
*Use a Roth IRA to build a tax-free fortune
* And much, much more

Buy this book

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Reviews

The author is easy to understand and makes this highly specialized material fun to read. I refer to this book and Mr Slott's other book, "The Retirement Savings Time Bomb" as my IRA Bible's. This is a must read for financial services professionals and consumers with money in IRA accounts.

reviewed by potato on November 21, 2006 1:36 AM

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Ed does a great job on giving you detailed information of how to stretch your IRA assets for the next generation. He also does a great job of including information on how to write your trust so that you can control your assets beyond the grave. This is mainly important for clients who have lots of assets in their IRAs or for people who just pass away before they use their IRA assets. Since you don't know when you are going to pass away, I think it is important to get your trust and your IRA beneficiaries set up as soon as possible.

One downside of this book is that Ed seems to sell more of his stuff - his newsletter and his training. If you read his books, I think you have most of the information you need unless you run into very complicated situations. If that happens, then I would suggest getting a good financial advisor, CPA, and an estate planning lawyer to assist you.

reviewed by harrypotter on November 28, 2006 8:19 AM

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Ed Slott repeated alot of what was included in "The Retirement Savings Time Bomb...", so I was not as impressed with this book. You can get 98% of what to do in the "Time Bomb". But if you really want to save all your money to your kids and their kids, it should help you.

reviewed by bookworks on November 29, 2006 2:56 PM

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add a new book!