{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Human Capital: Ed Slott on Why Retirement Plans Are Sitting Ducks","description":"In this episode, we check in with IRA and tax specialist Ed Slott of Ed Slott & Co., on what the recent debt and deficit numbers reported by the Congressional Budget Office mean for retirement plan participants. The CBO numbers, according to Slott, show that the three-legged retirement planning stool is shaky, and for clients with a 401(k) plan or IRA, \u201cthese plans have not yet been taxed so they\u2019re sitting ducks for future higher taxes, and that\u2019s exactly what\u2019s going to happen\u201d because of the deficit and debt numbers. Slott maintains: \u201cThere\u2019s no way taxes are going to decrease, that\u2019s for sure\u201d regardless of who wins the White House. \u201cAt some point the debt has to be paid down; it\u2019s out of control, it\u2019s consuming our entire national output, so that puts most peoples\u2019 retirement savings at risk of the uncertainty of what future higher taxes will do.\u201d Slott also talks about the importance of Roth IRA conversions now, provides stretch IRA reminders, and talks about the dangers of excessive trading.  ","author_name":"Human Capital with Melanie Waddell","author_url":"http:\/\/almhumancapital.libsyn.com\/","html":"