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Politics : A Real American President: Donald Trump -- Ignore unavailable to you. Want to Upgrade?

To: didjuneau who wrote (342414)	3/28/2022 11:03:59 AM
From: GUNSNGOLD	4 Recommendations Recommended By didjuneau Honey_Bee kckip Tom Clarke Read Replies (1) \| Respond to of 455146

Although Roths are good in theory I would seriously think about starting one or even doing a conversion. Time and Time again the saying what Congress giveth Congress taketh away. Roths will be no different. We are in such a fiscal hole that Congress will be taxing anything and everything. Just look at SS. It was supposed to be tax free but Congress changed that and I expect Roths to be no different. Means testing and retroactive taxing is probably in our future. I hope I'm wrong, but in Fourth Turnings major changes are always made to our monetary and taxation system. The Federal Reserve (monetary system) and the IRC (tax system) where created by the 16th Amendment in 1913. You see they are inextricably linked. Now that they have done what they've done to the monetary system, that means the tax changes are next. IMO you are better paying of debt than doing Roth Conversions or opening Roth Accounts. Maybe if you are debt free then consider it. In 1933 FDR viewed the private citizens gold as the way to reliquefy the financial system. This time nobody owns gold but they all have 401K and Traditional IRA and Roth IRAs. Kind of makes it easy to see where they are going to go this time. G-n-G