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Subject:  Re: Roth IRA ....Still tax free after 30 years? Date:  9/16/1998  5:09 PM
Author:  Bob78164 Number:  5465 of 96184

xxdustyxx wrote:

I'm 27 and seriously considering converting my regular IRAs to Roths. How do I know whether the tax free withdrawal provision written into the Roth IRA Law will still be in effect in 30+ years? The regular IRA used to be tax deductible for everyone, now deductability is based on income. Who's to say whether congress will remove the tax deferred growth from the Regular IRA. Are there rules written into their respective laws that prohibit congress from doing such things? Where's my guarantee????

I reply:

There was a fairly extensive discussion on this question involving Rayvt, TMFTaxes, and myself, among others, on the Tax Strategies board about a month ago. Try a search on "retroactive" or "retroactivity." --Bob

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