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To: abb

You may be right. I think it’s dangerous these days to do anything that is deliberately taxed advantaged, including any IRA. There’s no question in my mind that the government will begin means testing social security. That’s another backdoor tax on IRA’s.


28 posted on 03/19/2013 6:55:55 AM PDT by old and tired
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To: old and tired
There’s no question in my mind that the government will begin means testing social security. That’s another backdoor tax on IRA’s.

For years, I have thought the same thing. The only defense we will have against that tactic is to insist that Social Security be called "welfare" if/when that happens. What keeps SS politically palatable to the taxpayers is the fact that if you worked, you paid. Once you retire, you got money back.

If the day comes that you are told that even though you worked and paid in, you can't get it back, then the entire concept of it being a retirement plan falls apart. It is just another form of food stamps.

29 posted on 03/19/2013 7:50:02 AM PDT by abb
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