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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Crystal MayerTue, Sep 23, 2025, 5:56 PM 3 min readRecently on the “Erin Talks Money” show, host Erin Moriarity spoke with tax and retirement planning expert Ed Slott. Slott is widely regarded as one of the top experts in the field, having spent his career helping people develop a tax-free retirement plan.Find Out: Here’s Why You Might Want To Invest Your Retirement Savings in a Roth 401(k)Try This: 9 Downsizing Tips for the Middle Class To Save on Monthly ExpensesIn the episode, “Roth IRA Secrets from America’s Top Tax Expert,” Slott divulges his top tips for retirees. Here are the five Roth IRA secrets you need to know.According to Slott, IRAs, or Individual Retirement Accounts, are a ticking tax time bomb, and what most people don’t realize is that they are actually a form of debt. With an IRA, individuals pay taxes when they take the money out during retirement. Therefore, the money is subject to the tax rate in effect at the time, which Slott said is likely to increase.Explore More: I’m a Financial Expert — This is the No. 1 Mistake Americans Make With Their Roth IRAsThe Congressional Budget Office, which offers non-partisan analysis for the U.S. Congress, estimates that the recently passed “One, Big Beautiful Bill Act of 2025” will add $3.4 trillion to the national debt over the next decade. One way Congress may offset the costs and tackle the debt is by raising taxes.Slott suggests an increase in taxes is inevitable. He said people should take advantage of the historic lows by paying taxes now, rather than later. Unlike with traditional IRAs, Roth IRAs are funded by income that has already been taxed. Therefore, they grow tax-free.While many people take advantage of their employer-sponsored retirement plans, few realize that most employers offer a Roth 401(k) option, as well. Fidelity reports that 94% of the companies for which they provide administrative services offer a Roth 401(k) option. However, only 16.2% of the eligible employees contribute to the plan.When asked, Slott admitted he heavily favors a Roth over traditional retirement plans. Throughout the episode, he reiterated that it is best to pay taxes now, while the rates are still low.Luckily, there are options for individuals who have money tied up in a traditional IRA or 401(k) plan. Many people will be able to convert to a Roth. It is important, however, not to wait too long, as RMDs, or required minimum distributions, cannot be converted. He suggested that older retirees may be able to convert to a Roth to help their beneficiaries, rather than leaving them with a significant tax burden.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,677.89 -15.86 (-0.24%)Dow 3046,399.30 +17.76 (+0.04%)Nasdaq22,701.25 -87.72 (-0.38%)Russell 20002,477.72 +14.39 (+0.58%)VIX16.27 +0.17 (+1.06%)Gold3,811.60 +36.50 (+0.97%)PortfolioSign in to access your portfolioSign inTop gainersCXT Crane NXT, Co. 65.16 +8.68 (+15.36%)LB LandBridge Company LLC 59.83 +7.64 (+14.64%)ASTS AST SpaceMobile, Inc. 55.50 +6.65 (+13.60%)BBAI BigBear.ai Holdings, Inc. 7.98 +0.90 (+12.69%)FORD Forward Industries, Inc. 31.26 +3.36 (+12.07%)Top losersBRBI BRBI BR Partners S.A. 19.31 -44.37 (-69.68%)DGNX Diginex Limited 15.25 -2.50 (-14.08%)FLY Firefly Aerospace Inc. 43.05 -6.47 (-13.07%)GMRE Global Medical REIT Inc. 34.45 -3.50 (-9.22%)SYM Symbotic Inc. 56.10 -4.63 (-7.62%)Most activePLUG Plug Power Inc. 2.6990 +0.0455 (+1.72%)OPEN Opendoor Technologies Inc. 7.94 -0.44 (-5.25%)BBAI BigBear.ai Holdings, Inc. 7.98 +0.90 (+12.69%)NVDA NVIDIA Corporation 179.83 -3.79 (-2.06%)SOUN SoundHound AI, Inc. 18.16 +0.85 (+4.94%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersTSM Taiwan Semiconductor Manufacturing Company Limited 281.22 +8.59 (+3.15%)BBAI BigBear.ai Holdings, Inc. 7.99 +0.91 (+12.84%)AMZN Amazon.com, Inc. 222.30 -5.33 (-2.34%)SOUN SoundHound AI, Inc. 18.06 +0.75 (+4.34%)BETR Better Home & Finance Holding Company 69.39 +19.41 (+38.83%)Top economic events