The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Cancellaton of Tax-free Roth Withdrawals??||Date: 11/29/2010 6:07 PM|
|Author: 0x6a74||Number: 67747 of 81329|
As is well known, withdrawals from Roth IRA's and Roth 401(k)'s are tax-free when the requirements for tax-free withdrawals are met. But does the government have the authority to actually cancel that entire feature of these accounts, even accounts that have been open and funded for years? And if so, is there any way to safeguard against this?
Put simply, could the government do a bait-and-switch?
they absolutely Could --
whether they might depends on how much Brokers would stand to lose and how much uproar voters might cause.
recall, money that goes IN has already been taxed .. not likely they'll feel the need to double-tax.
they could just eliminate them /or they could try to tax gains.
MY guess is nothing changes for many years
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|