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<<<<I have seen this viewpoint expressed many times on this board and others (I think by you). My question is do you really think that Congress will attempt to change the Roth rules so drastically? I can not imagine anyone being in favor of taxing the withdrawls, who would it benefit? I know the government would get more money, but it seems to me it would be so wildly unpopular that it would never pass two full votes and a veto.

Or am I just a wet-behind-the-ears 26 year old who doesn't know any better? 8-)>>>>

Probably somewhere in between. When social security first passed, it was "sold" as only a small tax on a small portion of your income; now it is compromised of something like 5.4% up to approximately 72k for 1999 and 1.45% unlimited. IIRC, the number I have seen is that something well north of 75% of wage earners (like 85-90%) do not earn in excess of the cut-off.

Also, with the current income limits, many of the well-off and lobbyists who represent their interests will not have Roth IRAs because they were ineligible to open them [100k AGI limit for conversions, regardless of marital status {talk about a marriage penalty!}, phaseouts starting at 150k for married filing jointly and 95k (maybe 90k) for single filers]. If the income limits change, this concern may lessen. I still feel that eventually Roth IRAs will prove to tempting to the politicians seeking dollars, and will not be troubling (or less troubling) to those who do not have Roth IRAs and may well be jealous of those who do.

Having said all of that, if not eligible for a deductible regular IRA, then I think Roth IRA is a no brainer (assuming eligibility).

Just my $0.02. Regards, JAFO

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