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Got to See Ed Slott Yesterday..........
11-28-2007, 07:55 AM
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#1
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Got to See Ed Slott Yesterday..........
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..............
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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11-28-2007, 08:25 AM
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#2
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Moderator Emeritus
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I am so jealous!
Great summary. Hey, feel free to share details. We are not easily bored by tax stuff around here.
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No more lawyer stuff, no more political stuff, so no more CYA
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11-28-2007, 09:26 AM
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#3
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Moderator Emeritus
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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.
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Seriously, I vote for that too. I bet he has an opinion or two on "advisor" status...
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11-28-2007, 09:29 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
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__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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11-28-2007, 09:32 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
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Quote:
Originally Posted by Nords
CFB, care to step up to the plate?
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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...
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Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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11-28-2007, 09:35 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
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__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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11-28-2007, 09:36 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
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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.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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11-28-2007, 09:38 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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Quote:
Not yet. Needs to ferment age a few weeks to reach peak flavor. 
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Numbers is hard
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11-28-2007, 09:42 AM
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#9
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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.
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Gotcha, although in your early 20's that would have been the "perfect snack" after a night of drinking.......... 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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11-28-2007, 09:46 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
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Quote:
Originally Posted by REWahoo
Not yet. Needs to ferment age a few weeks to reach peak flavor. |
Yep, two weeks of daily spritzing with cognac.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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11-28-2007, 09:51 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
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Quote:
Originally Posted by cute fuzzy bunny
Yep, two weeks of daily spritzing with cognac.
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Excellent..........reminds me of the "brandied fruit" mom would start making a month before X-mas. By the time it was "ready", it packed quite a wallop........ 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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11-28-2007, 09:59 AM
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#12
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Give me a museum and I'll fill it. (Picasso)
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__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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11-28-2007, 12:39 PM
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#13
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Moderator Emeritus
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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...
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Hmmm... sugar & rum struggling upstream against the afternoon nap...
... and I wonder what it'd do to Gabe, too!
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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11-28-2007, 01:15 PM
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#14
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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?
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11-28-2007, 01:21 PM
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#15
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Quote:
Originally Posted by FinanceDude
5)Life insurance is the best way to leave money tax-free to heirs..............
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I think he should say INCOME tax free.... still have to pay estate taxes if you still own the policy...
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11-28-2007, 01:22 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
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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...
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Some of that depends on how well you use your personal exemptions and such, and WHO owns the policy................
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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