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Subject:  Re: Roth IRAs extinct?? Date:  8/26/2000  6:27 PM
Author:  rjm1 Number:  24375 of 88828

I learned about Roth IRAs this past spring. I thought it was a great concept so I opened one for my wife and myself and
have almost maxed out our contributions for this year.
I have heard through the "grapevine" that the government probably won't allow Roth contributions very much longer and
that there is even current legisation to do away with them. Is there any truth to this? That was the first I had heard about

There could be 1000 different bills in congress that never go anywhere. My feeling is that the ROTH will not go away but will get better. Your risk is that the goverment drops the income tax and goes to a sales tax.

Will that happen next year? No. 10 years from now? Probably not. When you are ready to retire? Maybe. Thats the risk of the ROTH so keep on making your contributions.

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