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Reply to "Bill proposed to crack down on backdoor roth (and other loopholes) "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This reminds me of people upset about the SECURE act ending the "stretch IRA" method of passing down inheritance. I just had a very hard time mustering any sympathy...[/quote] You know, you'd think so, but if you die at 47 with a 6 year old whose money-management skills at 28 you may not be able to perfectly predict, it's a different story. [/quote] I think you can still structure a trust to hold the money, it just has to leave the IRA and be taxed.[/quote] Yes, that’s true. If you died when your kid was only 6 you might consider that an additional unfair thing to have happened to that kid.[/quote]
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