This 'Ticking Time Bomb' Could Cost Americans Trillions

There is a “ticking time bomb” coming for many Americans’ retirement nest eggs—but there’s still plenty of time to defuse it before it wreaks havoc on the country’s cumulative retirement savings.<br />The time bomb is in the form of the huge tax bill many savers will owe when they start taking distributions from widely-used tax-deferred retirement accounts like 401(k)s and traditional IRAs—and that bill is only likely to increase, says IRA expert Ed Slott.<br /><br />Original reporting by Alicia Adamczyk