Americans are living longer than ever before and working well into advanced old age. The typical American can live well into their late 70s or mid 80s. Almost 20% of the American workforce is 65 or older. Many senior citizens live in poverty, barely get by via Social Security, or live semi-retired lives. Americans who live longer need to save more money for retirement.
Those who aren’t prepared for retirement could face the prospect of working for as long as they live. Almost 75% of Americans believe that they can’t ever afford to retire. The dream of retirement is becoming an illusion for many Americans.
If there is one man who is determined to change that, its finances and retirement expert Ed Slott. Ed Slott is a finance expert, tax expert, CPA (Certified Public Accountant) public speaker, author, columnist, and arguably the preeminent expert on retirement preparation in the country.
Slott is one of America’s most experienced and trusted advisors for middle-aged and elderly workers who need retirement planning strategies and services. Slott also specializes in helping Americans calculate exacting post-working life exit dates and retirement start dates.
Before we analyze Slott’s net worth, let’s talk more about his career.
Have you ever heard of Ed Slott? He is the closest thing to a personal retirement advisor you will ever have. All you have to do is read his prolific articles, columns, books, or watch his regular public TV appearances to get beneficial retirement advice.
Ed Slott – Retirement and Personal Finance Expert
Slott has cemented a career for himself as an IRA distribution expert and staunch public advocate for personal finance education. Slott is notorious for publicly advocating that Americans improve their financial literacy, understanding of taxation, and appreciate the urgency for prudent retirement preparation.
He is a retirement expert who shares his advice as a public service. Slott is also considered an expert in advising people on how to avoid penalties and unnecessary taxes relative to retirement funds.
He is well-known for organizing and coordinating IRA training classes, programs, workshops, and membership groups for the public. Slott is the founder of Ed Slott and Company, an educational company that offers IRA, tax, and personal finance advice in the form of articles, tutorials, and advice. The Slott Report is a collection of his columns about IRAs, retirement, taxes, and all subjects related to personal finance.
Slott also regularly writes IRA-related columns for website Financial Planning. He is known for his regularly televised finance education specials on American public television. His latest finance education special on public TV was called “Retire Safe & Secure! with Ed Slott.” He is also the author of several books, including:
- Your Tax Questions Answered: A CPA With Over Twenty Years of Experience Answers the Most Commonly Asked Tax Questions (1997)
• The Retirement Savings Time Bomb . . . and How to Defuse It: A Five-Step Action Plan for Protecting Your IRAs, 401(k)s, and Other Retirement Plans from Near Annihilation by the Taxman (2003)
• Parlay Your IRA into a Family Fortune: 3 Easy Steps for Creating a Lifetime Supply of Tax-Deferred, Even Tax-Free, Wealth for You and Your Family (2004)
• Your Complete Retirement Planning Road Map: A Comprehensive Action Plan for Securing IRAs, 401(k)s, and Other Retirement Plans for Yourself and Your Family (2006)
• Stay Rich For Life! Workbook: Growing & Protecting Your Money in Turbulent Times (2009)
• Ed Slott’s Retirement Decisions Guide: 2018 Edition (2012)
• Fund Your Future: A Tax Smart Savings Plan In Your 20s and 30s (2018)
Ed Slott Net Worth
Ed Slott is a notorious for being an extremely private individual. Information related to his personal finances are not publicly or readily available. However, based on estimates related to his work as a CPA, author, and IRA expert, the best estimate of his net worth is reportedly $5 million.
Slott’s net worth estimate of $5 million is based on an examination of scarce public data. Slott’s businesses are estimated to generate an annual revenue of anywhere between $5 million to $25 million. His businesses may employ up to 100 individuals. Slott is renown for crystallizing complicated and turgid tax law information into coherent and actionable advice for retirement age Americans via his numerous speaking engagements and media appearances.
It can cost anywhere between $10,000 to $20,000 to book Ed Slott for an speaking engagement or media appearance. Slott is a profolic public speaker and appears on news and finance related shows often. So, based on an analysis of scarce public financial data on Slott’s net worth its estimated value is at least $5 million.
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Allen Francis was an academic advisor, librarian, and college adjunct for many years with no money, no financial literacy, and no responsibility when he had money. To him, the phrase “personal finance,” contains the power that anyone has to grow their own wealth. Allen is an advocate of best personal financial practices including focusing on your needs instead of your wants, asking for help when you need it, saving and investing in your own small business.