Skip to main content
No. of Recommendations: 0
Rayvt wrote:

Try "prospective" as in "...from this point on, all withdrawals from a Roth IRA will be taxed..."

I haven't decided whether your rather automatic response to this issue is Pavlovian or if you're a James Carville/Pat Buchanan clone in your criticisms when it comes the issue of possible tax changes to Roth IRAs. <vbg> That's an event that may (not will) occur in the somewhat distant and murky future. IMHO Congress will never tax withdrawals on monies in existing Roth IRAs IF,/b> they decide to change the law. Much more likely is the simple act of prohibiting any future contributions or conversions to Roth IRAs after a certain date. Existing Roths will be allowed to continue as is under the old law. To do otherwise would certainly result in massive constituent disapproval and outrage, something no Pol will allow to happen regardless of their eagerness to dip into our pockets..

Regards….Pixy

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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.