Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Beagle8U

Funny thing…

My money guy was pushing the ROTH back when it first came out, and I laughed at him and said they will end up taxing it twice, front and back, just wait.


59 posted on 02/21/2014 4:33:57 PM PST by DanielRedfoot (Creepy Ass Cracker)
[ Post Reply | Private Reply | To 45 | View Replies ]


To: DanielRedfoot
My money guy was pushing the ROTH back when it first came out, and I laughed at him and said they will end up taxing it twice, front and back, just wait.

I thought the same way, and every time I hear serious proposals for a VAT or even a federal sales tax, I think that would surely capture a lot of money from Roth IRAs.

I funded my 401(k), converted to an IRA when I retired, and have done OK. Instead of a Roth, I bought rental real estate. A lot of tax advantages, and there is real diversification from Wall Street types of investment. Plus, I could add sweat equity which is not taxed. An often-overlooked method of increasing my investment without ever having to produce declarable income.

OTOH, I can see where a Roth might have some advantages.

60 posted on 02/21/2014 6:12:54 PM PST by CurlyDave (`)
[ Post Reply | Private Reply | To 59 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson