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Greetings, KentuckyLiz, and welcome.

<<Concerns: in many (19?) states, legislation is needed but I can't get information about the specific legislation. But, the end result is to:
1. Give Roth IRA's protection against bankruptcy and lawsuit awards (traditional IRA's and other retirement accounts already enjoy this protection).
2. Make Roth IRA annual earnings and distributions exempt from state taxes.
3. Frosting, but it's worth asking for: making Roth IRA conversions and contributions exempt from state taxes. (Some states have done this.)>>

On the tax issue, the District of Columbia and 19 states do not yet provide the same tax breaks for the Roth as the federal system does. These states are: AL, AZ, AR, GA, HI, ID, IN, IA, KY, ME, MA, MN, MS, NJ, NC, OR, SC, WV AND WI. Most are expected to amend their tax codes to correspond to the USC.

Just another reason to tread carefully with the Roth until everything shakes out.


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