Got to See Ed Slott Yesterday..........

[FinanceDude]

He's an articulate funny guy....who ever thought a CPA could have such a good sense of humor?

He covered a lot of details that would be boring to mention here, so I will summarize:

1)Make sure your beneficiary forms are up to date, or Congress will take your money.

2)Taxes are going up, so the time is now to convert IRAs to Roths, or fund Roths.

3)AMT will continue to be a mess for some time to come.

4)We are in a YOYO environment: YOU'RE ON YOUR OWN!!

5)Life insurance is the best way to leave money tax-free to heirs..............

[Martha]

I am so jealous!

Great summary. Hey, feel free to share details. We are not easily bored by tax stuff around here.

[Nords]

Quote:

Originally Posted by FinanceDude He's an articulate funny guy....who ever thought a CPA could have such a good sense of humor?

From his website he seems like a good speaker, and I've been hoping to see some Hawaii dates on his "Victory Tour".

I'm not even going to touch that slow pitch about financial advisors evaluating CPA standards of humor. CFB, care to step up to the plate?

Quote:

Originally Posted by Martha Hey, feel free to share details. We are not easily bored by tax stuff around here.

Seriously, I vote for that too. I bet he has an opinion or two on "advisor" status...

[FinanceDude]

Quote:

Originally Posted by Nords Seriously, I vote for that too. I bet he has an opinion or two on "advisor" status...

He has strong opinions on many things...........he took a shot at Vanguard by covering the "Disinherited by Vanguard" piece............

[cute fuzzy bunny]

Quote:

Originally Posted by Nords CFB, care to step up to the plate?

Tempting, but I just made a really nice fruit cake and I'm so pleased with the results that my curmudgeon quota has been reached for the day.

Now the trick is how one goes about keeping a rum and brandy soaked hunk of cake away from a 3 year old...

[FinanceDude]

Quote:

Originally Posted by cute fuzzy bunny Now the trick is how one goes about keeping a rum and brandy soaked hunk of cake away from a 3 year old...

Umm..............you could EAT it............

[REWahoo]

Quote:

Originally Posted by FinanceDude Umm..............you could EAT it............

Not yet. Needs to ferment age a few weeks to reach peak flavor.

[Nords]

Quote:

Originally Posted by cute fuzzy bunny Now the trick is how one goes about keeping a rum and brandy soaked hunk of cake away from a 3 year old...

Hmmm... sugar & rum struggling upstream against the afternoon nap...

... and I wonder what it'd do to Gabe, too!

[LOL!]

Let's see ... here's what I got out of this thread:

Ed Slott is a fruitcake.

Maybe I skimmed it too fast -- is that the correct summary?

[cute fuzzy bunny]

I would, but I'm supposed to go to the dentist in a couple of hours. Although its possible that he has lots of patients showing up half smashed with bits of dried fruit stuck in their teeth...

Plus it weighs about 12lbs.

[FinanceDude]

Quote:

Originally Posted by cute fuzzy bunny I would, but I'm supposed to go to the dentist in a couple of hours. Although its possible that he has lots of patients showing up half smashed with bits of dried fruit stuck in their teeth... Plus it weighs about 12lbs.

Gotcha, although in your early 20's that would have been the "perfect snack" after a night of drinking..........

[cute fuzzy bunny]

YouTube - Good Eats S2E1P1: It's A Wonderful Cake

YouTube - Good Eats S2E1P2: It's A Wonderful Cake

[Texas Proud]

Quote:

Originally Posted by FinanceDude 5)Life insurance is the best way to leave money tax-free to heirs..............

I think he should say INCOME tax free.... still have to pay estate taxes if you still own the policy...

[FinanceDude]

Quote:

Originally Posted by Texas Proud I think he should say INCOME tax free.... still have to pay estate taxes if you still own the policy...

Some of that depends on how well you use your personal exemptions and such, and WHO owns the policy................