by Adam Wolf CPA, CFP®
“I not only use all the brains I have, but all I can borrow.” – Woodrow Wilson, 28th president of the United States.
I am borrowing this quote not only from President Wilson, but the first time I read it was in Ed Slott’s 2003 book entitled "The Retirement Savings Time Bomb…And How to Defuse It". This book was the first introduction I had to Ed Slott, named “America’s IRA Expert” and “Best Source for IRA Advice” by the Wall Street Journal and other credible news outlets. I was hooked after reading his book in which Ed helps CPAs and financial professionals keep up to date on the extensive financial issues affecting consumer retirement savings. My next experience with Ed was attending a CPA educational conference in 2006 where he was a speaker for an hour session on Roth IRAs. For any of you that know CPAs, if you can keep their attention you’ve have done a great job! He kept the audience fascinated with the information and made it practical for our clients.
Let’s fast-forward 6 more years to 2011, when Eric and I heard about a program to study under Ed Slott in his Elite IRA Advisor group. We flew to Las Vegas and spent 2 days with Ed and along with a group of financial professional educating themselves with information to help their clients. Ed displayed the same, if not greater, ability to educate and entertain us with practical examples to help our clients. Finally, we attended an event where Ed presented to a group of retirees on protecting and rescuing their retirement. This was the first time I saw him present to non-advisors. Let’s face it IRA and tax information can be boring for non-financial folks, so the bar was set low. He wowed the audience with educational information, humor and no one fell asleep! This was a success! After seeing him create excitement with that group of retirees for protecting their retirement savings we wanted our clients and friends to experience the same!
Ed Slott is a nationally recognized CPA, consumer advocate and tax expert, who trains advisors and educates consumers on protecting and rescuing their retirement savings from federal taxes. You might have seen him on his many PBS programs. His latest one is called Retirement Rescue, which has been seen by and helped many retirees navigate and rescue their retirement savings from taxes. In addition to TV, he has written many books and publications on financial retirement topics. When financial professionals think of IRAs and taxes for retirees they think of Ed Slott!
So we are “borrowing” Ed on August 20th to present a unique, entertaining and educational program for retirees who have spent a lifetime saving for their retirement and now need to know how to protect those savings from costly errors and needless taxation. The goal of this presentation is to discuss ways to keep more of your retirement savings. The program will focus on creating a plan to reduce or eliminate the potentially heavy taxes on distributions from IRAs, 401(k)s and other retirement savings. The talk will also include information about who may be at risk for of losing their IRAs to taxes.
Adam Wolf, CPA, CFP® is Executive Vice-President at Stratton & Company. He has been helping clients with personal financial strategies and tax advice since 2000. He is holding a workshop on this topic and other retirement topics this month. RSVP today by calling Sarah or Kate at (904) 425-0943. By contacting us you may be provided information on the purchase of insurance products.
This article is for informational purposes only. Everyone’s financial and tax situation is different. It is not intended to provide specific financial, tax or legal advice. Please consult a financial professional, tax advisor or attorney regarding your personal situation before making any financial decisions.