The Roth IRA may be a great investing vehicle but can you trust the government to keep their word regarding tax exemptions? Let’s talk about how the government is currently treating the Roth IRA and whether it warrants any concerns.
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What I'm afraid of is they decide to institute a national sales tax or VAT. Some have suggested the VAT to replace the income tax, which would mean taxing the Roth twice.
Who's here in 2020 and worried about the stimulus checks/cash out flow potentially affecting ROTH IRAs?
Audit the FED
Why don't you guys wear pants or anything more then just a shirt during your videos? Just wondering. LMAO!
The Government knows where the money is; retirement assets. Whether you are taxed more in the future depends entirely on politics. If you retire and Bernie Sanders or Elizabeth Warren are in control you will see your Roth taxed.
But the 2017 tax bill is going to create huge deficits in the future. And where do you think future legislators will be looking for revenue, hmmm? Those Roth accounts are going to be looking very attractive for them to raid.
Why are y'all debating conspiracy theory? I learned nothing
Relative layman here so forgive me if this is ignorant.
If the government is actively trying to push people towards Roths instead of traditional then doesn't it stand to reason that they believe the Roth system is the higher grossing option for them? Could it reasonably be interpreted as a sign that they're expecting (as much as one can predict the future) a large downturn or stagnation of growth in the future so it's more profitable to collect what they can now rather than rely on the potential growth or lack thereof?
Or is it more reasonable to assume of them a "better safe than sorry" kind of approach to this and not necessarily a red flag.
After typing it all out I suppose the latter sounds more reasonable but again I'm pretty new to this.
The GOVERNMENT HAS BEEN THIEVES FOR CENTURIES…THIS IS NOTHING NEW
This is a really really realllly minor concern. What is way more likely is that the government will take all of your retirement accounts and make a false promise of a future annuity. Several other countries have already done this. There was a major rumor Obama was considering it. A simple google search can confirm both.
Before you think it can’t happen take a good hard look at out current debt and future projections before you rule it out. Scary indeed
where does the Roth funds go when you get one, to the government such as money market does