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To: Diana in Wisconsin

An IRA is for personal retirement. Leaving it as an inheritance should be treated the same as leaving cash - no reason why preferential tax treatment should extend beyond the grave.


55 posted on 06/14/2019 7:33:41 AM PDT by glorgau
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To: glorgau

“no reason why preferential tax treatment should extend beyond the grave”

By that logic, then the inheritance tax should be 100%. I personally like the ability to bequeath assets to our children to give them a better start in life. I especially like being able to do that on a tax-sheltered basis. Why should the government get their grubbing hands on MY saved assets just because I happen to pass away? It is SO much better for society as a whole if we pass that down to our progeny and encourage them to save for THEIR futures.


95 posted on 06/14/2019 9:12:09 AM PDT by ProtectOurFreedom
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To: glorgau
An IRA is for personal retirement. Leaving it as an inheritance should be treated the same as leaving cash - no reason why preferential tax treatment should extend beyond the grave.

I disagree.

The money is always taxed when it is withdrawn, but if I want to leave it to my kids the government should wait its turn to spend my money.

118 posted on 06/14/2019 10:07:29 AM PDT by CurlyDave
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