"While those savings are technically tax-free until their holders take distributions, the government could easily force earlier distributions and then simply tax them more heavily. Currently, the “minimum required distributions” age is 70½. That affects all IRA-type funds except tax-free Roth IRAs, including SEP and Simple IRAs commonly used by small business owners.
Potentially, the deal on Roth IRAs could be undone, too."
1 posted on
05/22/2011 5:04:40 AM PDT by
KeyLargo
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To: KeyLargo; 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; alisasny; ...
To: KeyLargo
To: Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; Allerious; ...
160 posted on
05/23/2011 8:28:56 AM PDT by
bamahead
(Few men desire liberty; most men wish only for a just master. -- Sallust)
To: KeyLargo
Yes Theyve already done it. The government appoints unwanted guardians over elderly and disabled people confiscates the money and then foreces them on SSI. You wonder what will happen next when SSI goes under?
165 posted on
05/25/2011 10:47:59 AM PDT by
mainestategop
(DonÂ’t Let Freedom Slip Away After America , There is No Place to Go)
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