No. of Recommendations: 0
I don't trust them to keep Roth's untaxable any more than I trust them to leave the SS retirement age at 65 (oops - they already changed that didn't they??- with more changes to come I'm sure.)

True, but they have never taken away a benefit that has already been bestowed on anyone. In the case of social security, they may delay or cancel benefits that you were supposed to get, but they will never reduce benefits already given.

In the case of a Roth IRA, with the income taxes already paid, I don't think they will ever tax the money a second time using income taxes. Of course, they could devise some sort of 'wealth tax', like the 'intangibles tax' in Florida, where they simply levy a tax against the size of your equity portfolio, but that would likely affect any kind of account; not just a Roth.

Russ
Print the post  

Announcements

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.