Page 1 2
Go | New | Find | Notify | Tools | Reply | |
Dances with Wiener Dogs |
And that $20 trillion doesn't include future promises of SS payments. If you add those in, it's about an order of magnitude higher. And I remember somewhere hearing that the GDP of the entire planet is just north of $150 trillion or so. So we have an obligation for more than all the money in the world. Most of that money has simply been flushed down the hole. _______________________ “The only power any government has is the power to crack down on criminals. Well, when there aren't enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws.” Ayn Rand “If we relinquish our rights because of fear, what is it exactly, then, we are fighting for?” Sen. Rand Paul | |||
|
| Member |
Totally agree. Having money in spread in both will give you options in retirement depending on your tax scenario at that time. ---------------------------------------- Proverbs 27:17 - As iron sharpens iron, so one man sharpens another. | |||
|
| Help! Help! I'm being repressed!  |
We all will once they have to raise taxes just to cover this country's interest payments. | |||
|
| Lawyers, Guns and Money  |
Assuming the government honors its' commitment and the Roth is still tax-free upon withdrawal, it's a good strategy. Still, it's hard to trust what the government will do 20 or 30 years down the road. A bird in the hand and all that kind of stuff. "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
|
Member |
Wow that is bad news and would also have a big impact on the savings rate. Non taxable 401K contributions have a couple big advantages. Many if not most find themselves in a lower tax bracket in retirement. The biggest advantage by far is that the extra funds that people can put into their 401k because of it being tax exempt and the growth of those extra dollars over the decades can be very substantial. But the government must feed the out of control monster they created and he is extremely hungry and it can not stand seeing all that money that it can't touch. I assume they would do away with all IRAs other than Roth type also for future investments. | |||
|
| Powered by Social Strata | Page 1 2 |
 | Please Wait. Your request is being processed... |
|
© SIGforum 2024