The Tax Bomb In Your Retirement Accounts: And How The Roth Can Help You Avoid It

You’ve utterly convinced me to keep fully funding my and my husband’s Roth accounts and of the need to convert at least some of our IRAs to Roth. But then the book just ends. No instructions on HOW to convert as in how to pay the taxes required with the conversions. Can I take the taxes required out of that IRA fund or must you have cash set aside? (The latter would be a huge barrier to most people that would keep them from converting). What are the wisest steps on deciding how much each year you can convert? You absolutely needed at least a final chapter on implementing conversions!

I took my time going through this book and read several chapters or sections of chapters more than once. Despite the multiple readings I was still able to finish the book in about 90 minutes. In my opinion, what you learn, or re-learn, from spending an hour and a half is worth its weight in gold.An extremely valuable income and estate tax planning tool. I highly recommend Josh Scandlen’s “The Tax Bomb in Your Retirement Account” for workers and taxpayers of all ages.

Having this book 10, 20, 30 years ago would have helped me a lot. It's still interesting and has me thinking what I might do to recover from past mistakes, now that I am retired. I wrote a tax bomb spreadsheet to help me with this. It's on my completely free, no-cookie site, 3nt dot xyz.If you don't get the book, take this to the bank: any time you have an opportunity to put money into a Roth retirement account, do it -- even if it means you cannot afford to contribute as much as you could to a traditional retirement account (with its tax deferral). But get the book and find out why.

Best info bang for the buck I ever got: no filler, just important tax info about retirement accounts, concisely and clearly presented; no accounting verbiage means anyone without an MBA or business minor, like me, can quickly find answers about this critical retirement issue: who will keep more more of your life's savings after you quit working, you or the government? I found the discussion on how retirement plan distributions affect Social Security to be especially germaine.

The book is short and to the point. It shows the future direct and indirect tax consequences of using a traditional IRA vs a Roth IRA, and recommends either purchasing Roth IRAs in the first place, or converting to Roth in low tax years before collecting social security or having to take RMDs from traditional IRAs.

Pretty much a complete copy of the great Ed Slot book only greatly condensed. Obviously written by a CFP who has watched and read from the Great One...The Father if the stretch IRA.

The message, repeated ad nauseam : if you have your retirement in roth, you will pay less taxes than if the same funds are in tax deferred account. OK, I get it. many examples showing this. Does not really explore the cost of conversion and if it is advantageous. A slim volume, could have been cut in half again

Josh gives you insight to a complex issue that most retires know about. He does it in street language that everyone can understand. Love his depth, examples and simplistically. Information is the key to Knowledge and Josh does that with ease.Do yourself a favor and buy one for your family and friends that maybe thinking or retiring soon.Five Stars.....🙏