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Author: vargaj Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Roth IRAs is there a future? Date: 11/6/1997 11:00 PM
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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 then, since the principle can be withdrawn anytime without penalty (only gains are penalized before 59.5 yrs and 5 yrs) many people will withdraw the money to buy cars and bubble gum and other transient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.
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