Plus if you convert your regular 401k/IRA to a Roth today and if you have a large chunk in your account, you have to pay a huge hunk of taxes NOW. Where are you going to get that money to pay the taxes due? When I max out on a regular 401k, I reduce my income by what, about $16,000? And if I also have a deferred comp., which I do, I take another $25,000 pre tax deduction, so my total income subject to taxation TODAY is reduced by $41,000 each year, invested tax free with no reporting of dividends or capital gains and invested in a well-diverisifed portfolio of mutual funds and bond funds. The compounding effect of that year after year alone, over time, has put us into a very good financial situation. Now when I begin to take money out, I'm going to take only what I need to live on. Hell, I will be one of the 47% who pay no taxes.Roth is a con game the government lays on chumps. They want you to be enticed by the "fact" that sometime in the future, you won't have to pay any taxes on your retirement withdrawals while they get their tax money from you TODAY. And they can change their mind, they must change their mind when it becomes obvious that all of those folks who chose Roth IRA's are not being patriotic enough and aren't paying their fair share of taxes, They will admit they made a mistake and will find a way to begin to phase it out. Sounds ridiculous? Ok, but the property I have in Florida is prime real estate. I wouldn't lie to you about that.
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