#shorts #RothIRA #Retirement #personalfinance #retirementplanning

Colin Exelby, CFP® explains why he believes Roth IRA Distributions will NEVER be taxed.

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This video is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person.

Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment and planning strategies discussed in this video and should understand that statements regarding future prospects may not be realized.

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As the U.S. tax code continues to evolve, many investors are wondering about the future of Roth IRAs. Will they be taxed?

The short answer is no. Roth IRAs are designed to be tax-free retirement accounts, meaning that any withdrawals made from the account are not subject to taxation. This is one of the primary benefits of a Roth IRA, as it allows investors to potentially benefit from tax-free growth over the long-term.

The future of Roth IRAs is uncertain, however. The current tax code is complex and continually changing, so it is impossible to predict what the future holds. There have been some proposals to change the tax treatment of Roth IRAs, but these have yet to be implemented.

That said, it is important to remember that Roth IRAs are designed to provide tax-free retirement savings. As long as you follow the rules and regulations of the account, you should be able to benefit from the tax-free growth potential of a Roth IRA.

In conclusion, the future of Roth IRAs is uncertain. While there have been some proposals to change the tax treatment of Roth IRAs, these have yet to be implemented. As long as you follow the rules and regulations of the account, you should be able to benefit from the tax-free growth potential of a Roth IRA.