No. of Recommendations: 0
has anybody thopught about the affect of the new Roth IRA on future investors? For instance without the deductibility, fewer people will invest, since there is no immediate gain in taxes. then, since the principle can be withdrawn anytime without penalty (only gains are penalized before 59.5 yrs and 5 yrs) many people will withdraw the money to buy cars and bubble gum and other transient joys, only to arrive at 59.5 years with about $1.98 in retirement funds. Maybe Roth's idea isn't so good after all.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.