Reply to What is the deal with a Roth IRA?

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Reply to "What is the deal with a Roth IRA?"

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[quote=Anonymous][quote=Anonymous]If you are high income and expect to stay that way there are other benefits to Roth's versus traditional IRA's.  No mandatory withdrawals at age 70.5.  $ just keep accumulating tax free, and no tax on withdrawal.  And with regard to estate planning:  The Roth doesn't have to be liquidated when you die; the beneficiary can withdraw it over an extended period, no tax.  A bonanza for a young person.

[b]It's a gross manipulation of legislative power for the benefit of the rich.[/b]  But if you're eligible and can benefit, you might as well use it.[/quote]

Why do you say that?

Anyone can get a Roth.

I grew up working class-lower middle class--and not by dcum standards btw.

We started our marriage with no money.

We already paid taxes on the money.

If we are able to enjoy the fruits of our hard earned money over the course of our lives, then we absolutely should.  We started with nothing, and have built something more.

Why is that a manipulation? [/quote]

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