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I've been doing very well in my new Roth. I've made excellent gains. I know the current laws suggest I will never have to pay tax on this money, and don't need to do the same recording for IRS on gains and losses.
My question is this: It seems some people feel that down the line the government may change the laws vis a vis the ROth. IF this should happen, what do people think is the worst case scenario? Let's say in 10 or 20 years the laws change. Does it seem likely that those of us with significant gains at that point will have to go back and figure out cost basis of all shares held, gains and losses on all sales, etc., and pay tax of all money withdrawn?
Or is it more likely that there will be some kind of grandfather clause making any gains made under current law tax free but future gains from point of time of new law perhaps would be taxable??? It seems to me it would be quite unfair to have people make nvestment DECISIONS based on a ruling and then penalize them later... but who knows!!!
thanks in advance
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