No. of Recommendations: 0
I learned about Roth IRAs this past spring. I thought it was a great concept so I opened one for my wife and myself and
have almost maxed out our contributions for this year.
I have heard through the "grapevine" that the government probably won't allow Roth contributions very much longer and
that there is even current legisation to do away with them. Is there any truth to this? That was the first I had heard about

There could be 1000 different bills in congress that never go anywhere. My feeling is that the ROTH will not go away but will get better. Your risk is that the goverment drops the income tax and goes to a sales tax.

Will that happen next year? No. 10 years from now? Probably not. When you are ready to retire? Maybe. Thats the risk of the ROTH so keep on making your contributions.

Print the post  


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.