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I listen to Rick Edelman on the radio. He prefers regular IRA’s to a Roth. A Roth is 2 in the bush as taxes have been paid already. I disagree but he has a point. He doesn’t trust what congress will do 30 years down the road.

If enough of us have Ira’s would the government DARE to take them away? I do remember it being discussed in the 2008 election. Government takes control and gives us a 3.5% return. The economist Jesse Jackson brought it up.

I listen to Rick Edelman on the radio. He prefers regular IRA’s to a Roth. A Roth is 2 in the bush as taxes have been paid already. I disagree but he has a point. He doesn’t trust what congress will do 30 years down the road.

Of course no one knows what Congress will do down the road regarding income tax rates. BUT, He has a financial incentive to discourage potential investors from using a Roth since you would pay more in taxes today, when means less to invest with him today. He collects a percentage of the investment known as Assets Under Management.

However, don’t you think its next to impossible for the gov’t to solve the national debt/SS trust fund problems, which means they’ll continue to print more money to service the debt. Over time, this devalues the dollar, and requires you to pull more money out to keep the same lifestyle - A hidden tax increase.

Another alternative to the ROTH is permanent life insurance, as it avoids IRS reporting entirely if used properly. Not whole life though.