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Investing/Strategies / Retirement Investing
|Subject: Re: Should I trust the Roth IRA||Date: 12/3/1997 3:57 PM|
|Author: oneplez||Number: 700 of 77568|
Boy, can I identify with the 'trust IRA' question!
I'm a bit older than the questioner, but I have the same anxiety!
I can remember when the 1st republican apostle, Ron, started taxing 50% of Social Security and taking away many of our tax deductions and limiting the others so any deductibility is minimal. Then Bill followed up by raising Social Security taxes to 85%
I can also remember that the 1st IRA contributions were tax deductible!
Now, our trusted representatives (the only native american criminal class) in D.C. want us to roll-over our IRA's into a device (and pay taxes for the privilage), they say will not be taxed in the future! How many times can we be rolled?
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