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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: longnshort who wrote (150598)5/4/2011 6:13:14 PM
From: kollmhn3 Recommendations  Read Replies (2) of 206307
 
I've been taxable as long as I can remember. Whether it's income or a medicare surtax or a cap gains tax.....it's all part of being a taxable entity.

Let me repeat it. A Roth is a tax exempt entity. Secondly, it's funded with money that has ALREADY been taxed.
Muni bonds are also tax exempt, by design. Yes, there is talk of capping out the size of the market but, not a peep about making it taxable.

Now, I won't argue that it's impossible for a tax to be imposed. I will argue that it is extremely unlikely and I'm will to bet my $6.5mm IRA conversion that I'm right. You can rely on the opinion of your "financial people" or your son's professors (pleeeze!). Go ahead. It carries no weight with me.

I suggest we move on to another conversation. I'm doing the conversion and you disagree with the merits of it. Fine. You keep your traditional and I'll keep my Roth. NEXT
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