Ed Slott’s Master Elite IRA Advisor Group is the nation’s leading specialists regarding IRAs, tax planning and retirement distributions. These advisors train with Ed Slott and his team of IRA specialists on a continuous basis. They pass regular background checks, complete requisite training, attend semiannual workshops, webinars and complete mandatory exams. They are immediately notified and educated on changes to the tax code and updates on retirement planning, so you can be sure your retirement dollars are safeguarded from unnecessary taxes and fees.
2018 was the 20th anniversary of the Roth IRA. First made available to American investors in January of 1998, a Roth IRA is an individual retirement account that is funded with after-tax dollars and provides tax-free growth and income for retirement. In honor of this significant milestone, Richard C. Cella, III, CWS®, Managing Partner of Ipswich Bay Advisors is spreading the word about the benefits of this retirement savings vehicle.
“The 20th anniversary of the Roth IRA serves as a good reminder to examine why this type of retirement account might be right for you,” said Cella. “There are several benefits that come with a Roth IRA, including tax-free growth and distributions in retirement. Someone who may have saved a million dollars in their traditional IRA may only see half of that amount after they pay income taxes. The beauty of the Roth IRA is that it allows you to contribute after-tax dollars, which can help you avoid a tax time bomb in retirement.”
“I am a big proponent of Roth IRAs, as contributions today lead to tax-free money in retirement, when you need it most,” said Ed Slott, CPA, founder of Ed Slott and Company and a nationally-recognized IRA specialist who was named “The Best Source for IRA Advice” by The Wall Street Journal. “Unfortunately, the rules surrounding these retirement accounts are as confusing as ever, so it is important to work with someone who specializes in them.”
Cella is a member of Ed Slott’s Elite IRA Advisor GroupSM, an exclusive membership group dedicated to the mastery of advanced retirement account and tax planning laws and strategies. Members of Ed Slott’s Elite IRA Advisor GroupSM attend semiannual live training events and have year-round access to Ed Slott and Company’s team of retirement specialists for consultation on advanced planning topics.
To determine whether a Roth conversion is right for you, it may be beneficial to work with a financial professional who receives training in the ‘second half’ of the retirement game, the distribution phase. “As a member of Ed Slott’s IRA Advisor GroupSM, I take pride in knowing that I am up to speed on the latest retirement strategies and able to provide my clients with the help they need to plan for a successful retirement,” said Cella.
“Over the last 20 years, a lot has changed for Roth IRAs,” said Slott. “With ever-changing laws, including Congress’ recent decision to eliminate Roth recharacterizations, it is more important than ever for financial professionals to receive ongoing training. I commend Cella for prioritizing his education and taking the necessary steps to understand the intricacies of retirement accounts and the tax laws that impact them.”
ABOUT ED SLOTT AND COMPANY, LLC: Ed Slott and Company, LLC is the nation’s leading provider of technical IRA education for financial advisors, CPAs and attorneys. Ed Slott’s Elite IRA Advisor GroupSM is comprised of nearly 400 of the nation’s top financial professionals who are dedicated to the mastery of advanced retirement account and tax planning laws and strategies. Slott is a nationally-recognized IRA distribution expert, bestselling author and professional speaker. He has hosted several public television specials, including his latest, “Retire Safe & Secure! With Ed Slott.” Visit www.irahlep.com for more information.
