So, all you people out there with these tax-saving IRAs, 401Ks, Roth IRAs - don’t count on anything this government says. They will not keep their promise; their need to redistribute that wealth to the entitlement leeches far outweighs your silly need to plan for your own future.
I agree; as they get more desperate for money to keep kicking the can down the road they will start grabbing anything and everything they can. Confiscation of accounts and then real property is in our future. I would bet heavily on that... if I had any money left that is.
“I agree; as they get more desperate for money to keep kicking the can down the road they will start grabbing anything and everything they can. “
Of course. If they can use eminent domain to take your property, they can rationalize confiscating anything - ‘for the overall good’.
Maybe just as well that I never had an IRA though I have looked into since I am gainfully employed for however long it lasts.
Oh, especially Roth IRAs. I have contemplated moving into, or starting a Roth IRA/401(k), but I don't trust the government to allow me tax-free income on those savings down the road.
The left has this concept about taxation that as long as you can justify it, it should be taxed. It makes no difference IF it should be taxed, or WHETHER the revenues are needed, or WHY someone should be taxed over another...