Comments on: Why do people believe that Roth IRAs will pay out tax-free annuities upon retirement? http://www.iraroth.net/2010/04/why-do-people-believe-that-roth-iras-will-pay-out-tax-free-annuities-upon-retirement/ IRA Questions and Answers Thu, 20 Oct 2011 14:36:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: yuk22319 http://www.iraroth.net/2010/04/why-do-people-believe-that-roth-iras-will-pay-out-tax-free-annuities-upon-retirement/comment-page-1/#comment-1219 yuk22319 Mon, 26 Apr 2010 17:30:43 +0000 http://www.iraroth.net/2010/04/why-do-people-believe-that-roth-iras-will-pay-out-tax-free-annuities-upon-retirement/#comment-1219 You are correct in your skepticism. We have no guarantees that they wont be taxed. As of right now they are not so the way I see it we have two choices. 1. Invest for our retirement with by using any company pre tax matching options to take advantage of the match. While also investing in a ROTH with after tax money to take advantage of the possibility of tax free growth. Thus resulting in a big pile of money waiting for us when we retire and some of it may also be tax free. 2 Do nothing and have no money when we retire and end up being a burden to our children and others. I hate paying excessive taxes more than anything but I'm going to do what I have to do to take care of my family in the future. Just be sure to start early and get the power of the compound interest working for you. You are correct in your skepticism. We have no guarantees that they wont be taxed. As of right now they are not so the way I see it we have two choices.
1. Invest for our retirement with by using any company pre tax matching options to take advantage of the match. While also investing in a ROTH with after tax money to take advantage of the possibility of tax free growth. Thus resulting in a big pile of money waiting for us when we retire and some of it may also be tax free.
2 Do nothing and have no money when we retire and end up being a burden to our children and others.

I hate paying excessive taxes more than anything but I’m going to do what I have to do to take care of my family in the future. Just be sure to start early and get the power of the compound interest working for you.

]]> By: mike1942f http://www.iraroth.net/2010/04/why-do-people-believe-that-roth-iras-will-pay-out-tax-free-annuities-upon-retirement/comment-page-1/#comment-1218 mike1942f Mon, 26 Apr 2010 17:07:44 +0000 http://www.iraroth.net/2010/04/why-do-people-believe-that-roth-iras-will-pay-out-tax-free-annuities-upon-retirement/#comment-1218 The HSA was not a long term thing - it was a donation each year and in fact some portion of it disappeared if you didn't use it for health expenses The Roth IRA was never tax free - you get pay taxes when you take out the money assuming you will have a lower rate then but don't have to pay taxes on the limited part of your income you are allowed to deposit. Therefore, you are wrong on two of you rants and that is enough to shoot you down. The HSA was not a long term thing – it was a donation each year and in fact some portion of it disappeared if you didn’t use it for health expenses
The Roth IRA was never tax free – you get pay taxes when you take out the money assuming you will have a lower rate then but don’t have to pay taxes on the limited part of your income you are allowed to deposit.
Therefore, you are wrong on two of you rants and that is enough to shoot you down.

]]> By: yourbilletdoux http://www.iraroth.net/2010/04/why-do-people-believe-that-roth-iras-will-pay-out-tax-free-annuities-upon-retirement/comment-page-1/#comment-1217 yourbilletdoux Mon, 26 Apr 2010 16:21:54 +0000 http://www.iraroth.net/2010/04/why-do-people-believe-that-roth-iras-will-pay-out-tax-free-annuities-upon-retirement/#comment-1217 This isn't just a promise that they made, it says in the tax law that Roth IRAs cannot be taxed. It's not like people don't pay any tax on it, they are taxed on the income that they put into it unlike a Traditional IRA. This isn’t just a promise that they made, it says in the tax law that Roth IRAs cannot be taxed. It’s not like people don’t pay any tax on it, they are taxed on the income that they put into it unlike a Traditional IRA.

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