37. Is Your IRA an IOU to the IRS?

Most people think they've done everything right by saving in a traditional IRA or 401(k). But what if I told you that a big portion of your retirement savings actually belongs to the IRS?

In this episode, we'll break down a recent CNBC article featuring insights from IRA expert Ed Slott, who calls traditional IRAs "the worst possible asset" for retirement.

Here’s what you’ll learn: 

✔️ Why your IRA is an IOU to the IRS
✔️ How Required Minimum Distributions (RMDs) can push you into higher tax brackets
✔️ When a Roth conversion makes sense
✔️ The importance of building tax diversification with Roth accounts and brokerage accounts

If you want to keep more of your hard-earned wealth and pay less in taxes in retirement, this is one episode you don’t want to miss.

Episode Resources

CNBC Article 

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