Replies

To: kiryandil

The other main difference is that while the Roth is taxed up front - it can be taxed on the back end if Congress decides to do that.

That's why I have no Roths.

26 posted on 07/17/2023 1:47:34 PM PDT by Mr.Unique (My boss wants me to sign up for a 401K. No way I'm running that far! )

To: Mr.Unique; ImJustAnotherOkie

“I see you have some money there. Give it to me.”

28 posted on 07/17/2023 1:52:48 PM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)

To: Mr.Unique

Used to be that Social Security was not taxed, being that FICA was a tax to begin with. Now in most cases, Social Security benefits are taxed.

You bet they will do the same with Roth IRAs. They will find a way to tax that on the back end as well.

38 posted on 07/17/2023 4:16:43 PM PDT by SamAdams76 (5,301,904 Truth | 86,921,174 Twitter)

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794