Are Traditional IRAs Really the Worst Asset to Own?

Retirees have leveraged the traditional IRA for decades to invest and save, but is it still the best tool for today’s retirement landscape? IRA expert Ed Slott recently called the traditional IRA “the worst possible asset to own,” which is a bold statement. If this is true, when did it all change, and what are some better options? In this episode, we’ll explore the validity of this statement and have a real conversation about investing and taxes. 0:00 – Intro & background on the topic 2:30 – Understand the problem 5:16 – Why traditional IRAs are unattractive 6:30 – The case for Roth IRAs 7:54 – So what if you have a large IRA? 10:06 – Is it really the worst? 💼 Want expert help in planning for your financial future? Apply for a consultation here 👉 https://calendly.com/erg-kc/introduct... 📞 Call us: 913-393-4724 📚 Get a FREE copy of our latest book, Exceptional Retirement! Download here 👉 https://keap.page/bu413/kiplinger-too... 🛠️ Check out our Retirement Toolkit https://keap.page/bu413/exceptional-r... 🎥 Subscribe to our YouTube channel for more retirement insights! 🔔    / @erg-kc   📰 Read our latest articles on Kiplinger: https://www.kiplinger.com/author/scot... 📌 Follow us for expert retirement planning tips!   / elevatedretirementgroupkc   #retirement #retirementplanning __________________________________________________ This video has been prepared for educational and marketing purposes only. The information in this video is general in nature, does not constitute personalized investment advice, and does not provide a complete analysis of the subjects discussed. All investments involve risk, and different types of investments involve varying degrees of risk. There can be no assurance that any specific investment strategy will be profitable or suitable to you. Additionally, although information presented in this video is believed to be factual and up-to-date, we do not guarantee its accuracy. You should consult an attorney or tax professional regarding your specific legal or tax situation and should consult a professional adviser before implementing any of the strategies mentioned in this video. Investment Advisory Services are offered through Elevated Capital Advisors, LLC, an SEC Registered Investment Adviser affiliated with Elevated Retirement Group, LLC. Registration as an investment adviser does not constitute an endorsement of Elevated Capital Advisors, LLC by securities regulators, nor does it indicate that the firm has attained a particular level of skill or ability. Insurance advice and products may be offered by a third-party insurance producer, which may be affiliated with Elevated Retirement Group, LLC and Elevated Capital Advisors, LLC. The host and Third Wheel Media, LLC receive compensation for their assistance in preparing and hosting this video.