No. of Recommendations: 6
Are there any investment alternatives that will allow tax free growth and withdrawl like a Roth IRA but without the IRS restrictions? I will not invest in a Roth IRA because the IRS has the nerve to say that

I can't touch my money without penalty until 59 1/2: So for example according to the IRS, I can't retire at 50, 52, or 53 and touch my retirement funds otherwise I am taxed an additional 10% + my regular bracket

You can always withdraw the money you contributed. It has already been taxed.

I can't contribute more than the annual limits: So in other words I AM BEING PENALIZED FOR SAVING

If the maximum contribution is limited, how can you consider this to be a penalty? Obviously if you consider this a penalty you are considering the Roth IRA a good thing!

That my contributions have to be earned

You really didn't say that, did you? I suppose your parents' money is growing tax-free (to you) and all they have to do is die. Maybe that's a better vehicle for your needs. It really sucks that you can't stick all of that in the Roth and get more freebies on something you did nothing for.

That my withdrawls have to be FIXED and based on my life span: Can someone explain to me how a senior that has a $500,000 IRA can live on a FIXED withdrawl of $25,000 a year? Assuming 20 more years after retirement, a senior has food, medicine, medical expenses, rent, bills, most likely car & car payments, life insurance, health insurance, etc...probably much more than this.

Sounds like a minimum withdrawal which only has to be made after 70 1/2. You can always withdraw more if you want anytime after you're 59 1/2. And there are rules governing how to get the money sooner that are a little more complicated than you seem to think but may actually make the money more accessible for you.
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