37. Is Your IRA an IOU to the IRS?

Most people think they've done everything right by saving in a traditional IRA or 401(k). But what if I told you that a big portion of your retirement savings actually belongs to the IRS? In this episode, we'll break down a recent CNBC article featuring insights from IRA expert Ed Slott, who calls traditional IRAs "the worst possible asset" for retirement. Here’s what you’ll learn: ✔️ Why your IRA is an IOU to the IRS ✔️ How Required Minimum Distributions (RMDs) can push you into higher...