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Author: ascenzm Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 748779  
Subject: Re: 401K to Roth 401K conversions Date: 1/14/2013 12:31 PM
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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.

Josh


I earn too much to qualify for a deductable traditional IRA or a Roth IRA. The Roth 401K is the only way for me to get in on the Roth action for new contributions. Under the current Roth rules I like the idea of no RMD and no taxes due.

If the government does decide to tax the Roths, I'll be no worse off than if I'd gone ahead and put the money into a traditional non-deductable IRA (unless the crooks decide to also tax the basis which was already taxed in the year the wages were earned).

Mike
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