Ray, regarding the uncertainty of government tax policies you wrote:<<Even if they honor the letter, they can take actions which have the same net effect, e.g. eliminate (or "phase-out") some exclusion based on the amount of money you withdraw from a Roth IRA. Many Social Security recipients face a marginal tax rate of 50%-75% due to this type of hanky-panky.>>50-75% marginal tax rate!? I think (hope) what you meant to say is that up to 85% of Social Security benefits are currently subject to taxation based on the amount received from other income sources. Let's keep our terms straight here before we start giving folks coronaries!
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