I fully expect the US Government to come after Roth’s as it avoids taxes.
I also expect demonization of double dippers, those of us getting military retirements and social security. Veterans are now a conservative minority so a target.
Well, then I’m triple screwed: mil retirement, ss, and civil service retirement.
That has always been my fear, and why I never went with a Roth.
“I also expect demonization of double dippers”
I receive a teacher’s pension and so my Social Security (earned before I became a teacher) is cut by about 50%, because ‘double dipping’ is frowned upon.
On the other hand, I believe that Barrack Obama gets pension payments from the state of Illinois for his state senate term, a pension from the U.S. for when he was a Senator, and of course his pension for being President of the U.S. for eight years. And I’ll be he also gets a Social Security check from his time as a ‘community organizer’.
It all depends on who’s doing the dippin’.
(I have no problem with military retirees double or triple dipping. The nation owes them.)
writer is totally wrong very wrong about roths!!!!!!
He says you NEVER pay taxes on a roth. WRONG1
If you move that roth to another financial institution the 5 year holding period—you have tohold a roth for 5 yrs before its tax free-—you have to hold it in THAT PLACE for another 5 yrs before you can take it out tax free!!
why didnt he do his research. what an idiot
Add in VA benefits to that.
Add in VA benefits to that.
People have about 16T in 401K and IRAs if my quick search was accurate. Yeah the gov would love to have that $.
You’re on target.