Roth IRA, Traditional IRA, 401K » people 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!?

]]> http://www.iraroth.net/2010/04/why-do-people-believe-that-roth-iras-will-pay-out-tax-free-annuities-upon-retirement/feed/ 3 Do you think people should have the option to opt out of Socal Security and instead invest in 401Ks and IRAs? http://www.iraroth.net/2010/04/do-you-think-people-should-have-the-option-to-opt-out-of-socal-security-and-instead-invest-in-401ks-and-iras/ http://www.iraroth.net/2010/04/do-you-think-people-should-have-the-option-to-opt-out-of-socal-security-and-instead-invest-in-401ks-and-iras/#comments Wed, 07 Apr 2010 19:48:42 +0000 admin http://www.iraroth.net/2010/04/do-you-think-people-should-have-the-option-to-opt-out-of-socal-security-and-instead-invest-in-401ks-and-iras/ Now that we are reaching a critical mass of having a future of more people drawing it than paying in, wouldn’t it be a good way to keep the program from collapsing?
And they could enforce it by charging a huge tax penalty to anyone who opted out and did not invest in their retirement.

]]> http://www.iraroth.net/2010/04/do-you-think-people-should-have-the-option-to-opt-out-of-socal-security-and-instead-invest-in-401ks-and-iras/feed/ 10 Why are people so hung over their 401ks and IRAs during this economic turmoil, especially young people? http://www.iraroth.net/2010/02/why-are-people-so-hung-over-their-401ks-and-iras-during-this-economic-turmoil-especially-young-people/ http://www.iraroth.net/2010/02/why-are-people-so-hung-over-their-401ks-and-iras-during-this-economic-turmoil-especially-young-people/#comments Thu, 18 Feb 2010 04:08:06 +0000 admin http://www.iraroth.net/2010/02/why-are-people-so-hung-over-their-401ks-and-iras-during-this-economic-turmoil-especially-young-people/ Aren’t they just paper losses? When the market recovers later on, won’t they recover their “paper losses” sometime in the future? I don’t understand this. Can someone please explain it to me. I figure it’s not a loss unless they cashed out of their programs and actually “realized” their losses.

]]> http://www.iraroth.net/2010/02/why-are-people-so-hung-over-their-401ks-and-iras-during-this-economic-turmoil-especially-young-people/feed/ 6 Are Roth IRAs only for people who make over a certain amount of money each year? http://www.iraroth.net/2010/01/are-roth-iras-only-for-people-who-make-over-a-certain-amount-of-money-each-year/ http://www.iraroth.net/2010/01/are-roth-iras-only-for-people-who-make-over-a-certain-amount-of-money-each-year/#comments Tue, 12 Jan 2010 23:26:59 +0000 admin http://www.iraroth.net/2010/01/are-roth-iras-only-for-people-who-make-over-a-certain-amount-of-money-each-year/ How much should a person make before starting to think about investing in a Roth account?

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