[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fhZuMPp4Zdk7L0IB3eRpvKc9D9tLJn3tzvIIDwwPs20Q":3,"$fVjAvBidHg3KXpwd_TY4qC05uk3ZvsxjwsbK4PJhJIso":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},182607,"Ed Slott","E",30,null,"ed-slott",[],{"quotes":13,"pagination":117},[14,27,38,50,61,72,78,89,100,111],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},2435888,"All the calculators do is project an interest rate and a tax rate for retirement. You can't rely on that. It's a guide, maybe.",4,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},5416809,{"id":25,"tag_name":26},1673,"interest",{"id":28,"quote_text":29,"author_id":5,"source_id":17,"has_image":18,"author":30,"source":31,"quote_tag":32,"commentary":9},2435884,"You used to think that you couldn't afford to make a mistake, but now it's really true. You need a ruling if you make a mistake and it can be corrected, but now it's just more important that you do things right, or that your adviser does everything right.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[33],{"id":34,"tag":35},5416805,{"id":36,"tag_name":37},115963,"adviser",{"id":39,"quote_text":40,"author_id":5,"source_id":17,"has_image":18,"author":41,"source":42,"quote_tag":43,"commentary":49},2435880,"You certainly have plenty of time to do it.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[44],{"id":45,"tag":46},5416802,{"id":47,"tag_name":48},18725,"certainly","### The Backstory\nEd Slott, an American financial expert, is often quoted as saying \"You certainly have plenty of time to do it.\" While I couldn't pinpoint the exact origin or context in which he shared these words, it's plausible that they were part of a lecture, workshop, or written advice aimed at helping individuals make informed retirement planning decisions. This quote likely emerged during Slott's long career, marked by significant shifts in financial regulations and changes in societal attitudes toward retirement.\n\n### The Hidden Insight\nThe underlying message here is counter-intuitive: what initially sounds like encouragement to procrastinate (\"you have plenty of time\") actually underscores the importance of taking timely action despite the availability of future opportunities. Slott's words highlight a fundamental tension between comfort (believing one has ample time) and urgency, which can be detrimental if not addressed.\n\n### How to Use This\nThis mindset is most applicable when tackling daunting tasks or making significant life changes, such as starting a new business or transitioning into retirement. Instead of letting the comfort of having \"plenty of time\" become an excuse for delay, one should recognize this feeling for what it is—a signal to take action now, even if it seems uncomfortable or unappealing at first.",{"id":51,"quote_text":52,"author_id":5,"source_id":17,"has_image":18,"author":53,"source":54,"quote_tag":55,"commentary":9},2435878,"If you've planned a late wedding it may pay to put it off a few days into 2000 because the savings over (both) your lifetimes may pay for a few weddings for the kids.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[56],{"id":57,"tag":58},5416799,{"id":59,"tag_name":60},2775,"days",{"id":62,"quote_text":63,"author_id":5,"source_id":17,"has_image":18,"author":64,"source":65,"quote_tag":66,"commentary":9},2435875,"If there's one generalization you can make, it's that Roth IRAs are for younger people, but that may extend up as high as 50, depending on the circumstances,",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[67],{"id":68,"tag":69},5416796,{"id":70,"tag_name":71},2563,"depending",{"id":73,"quote_text":74,"author_id":5,"source_id":17,"has_image":18,"author":75,"source":76,"quote_tag":77,"commentary":9},2435872,"A Roth 401(k) or a Roth IRA takes the uncertainty out of predicting the future.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":79,"quote_text":80,"author_id":5,"source_id":17,"has_image":18,"author":81,"source":82,"quote_tag":83,"commentary":9},2435869,"So a working couple can contribute a lot more with a Roth 401(k). Each spouse can put $15,000 into a Roth 401(k). It's an opportunity to put a lot of money away that you'll never again have to share with the government.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[84],{"id":85,"tag":86},5416789,{"id":87,"tag_name":88},4044,"again",{"id":90,"quote_text":91,"author_id":5,"source_id":17,"has_image":18,"author":92,"source":93,"quote_tag":94,"commentary":9},2435865,"It's not a great move. When you buy a home, the expenses are just beginning...You're dipping into your pension.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[95],{"id":96,"tag":97},5416787,{"id":98,"tag_name":99},6610,"buy",{"id":101,"quote_text":102,"author_id":5,"source_id":17,"has_image":18,"author":103,"source":104,"quote_tag":105,"commentary":9},2435863,"That's so ridiculous. Go up the chain and find out where on earth they got that policy. They could be costing people a lot of money.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[106],{"id":107,"tag":108},5416784,{"id":109,"tag_name":110},20167,"chain",{"id":112,"quote_text":113,"author_id":5,"source_id":17,"has_image":18,"author":114,"source":115,"quote_tag":116,"commentary":9},2435860,"It's a nightmare, ... Your Tax Questions Answered.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"currentPage":118,"totalPages":119,"totalItems":8,"itemsPerPage":120},1,3,10]