Roth IRA, Traditional IRA, 401K » annuities http://www.iraroth.net IRA Questions and Answers Tue, 17 Jan 2012 00:09:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 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/ http://www.iraroth.net/2010/04/why-do-people-believe-that-roth-iras-will-pay-out-tax-free-annuities-upon-retirement/#comments Mon, 26 Apr 2010 20:12:28 +0000 admin http://www.iraroth.net/2010/04/why-do-people-believe-that-roth-iras-will-pay-out-tax-free-annuities-upon-retirement/ The government claimed that Social Security would come to us “as a right” and that “it would never be taxed” and that 1% would be “the most we would ever pay.” Since the government was wrong about all of those things regarding Social Security, why would anyone trust what the government says about Roth IRAs twenty to forty years from now?

Does anyone really believe that they won’t be taxing Roth IRAs before long? Our government, Democrat or Republican, is facing $170 trillion in unfunded liabilities this century. There is no way they can afford allowing people to receive tax-free payments. Why would anyone believe that this would be the case, in a country where everything is always taxed and laws are always changed?

After all, even the Constitution is ignored. McCain-Feingold restricts speech, Kelo restricts property rights, HCR violates Equal Protection clause, etc. Who in their right mind thinks something as small as a Roth IRA will survive?

Even the beloved little HSA will be scrapped under the House and Senate versions of Health Care Reform. How many people donated to those thinking they’d be around forever and they didn’t even last a few years!?

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