Should the Government Get Rid of the Roth IRA?

Should the federal government get rid of the the Roth IRA? In a recent article on Market Watch, the founder of Boston College's Center for Retirement Research, Alicia Munnell thinks we should think seriously about getting rid of the Roth 401k and the Roth IRA. According to her, Roth IRA's can be hijacked by Congress to pay for expensive partisan legislation. There are other reasons as well. Is she correct? ✅ Learn More: ➡️ FREE Video Series: ✔️ Listen to the Podcast - 🔹 Connect With Us 🔹 Twitter -@mcknightandco Instagram: @davidcmcknight...(read more)

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The Roth IRA is a popular retirement account that has become increasingly popular in recent years. It allows individuals to save money on a tax-deferred basis, meaning they do not have to pay taxes on the money they contribute or any earnings that the account accumulates. This makes the Roth IRA a great tool for retirement savings, but some people are questioning whether it should be eliminated. The main argument against the Roth IRA is that it allows high-income earners to avoid paying taxes on their retirement savings. This could lead to an unfair advantage for those with higher incomes, since they can use the tax-free growth to accumulate more wealth than those with lower incomes. Additionally, some argue that the Roth IRA is a form of government subsidy for the wealthy, since they are able to benefit from the tax-free growth without paying taxes on the money they contribute. Proponents of the Roth IRA argue that it encourages people to save for retirement, which is beneficial for the economy as a whole. They also point out that the Roth IRA is a great way for people to save for retirement without having to pay taxes on their contributions or earnings. Additionally, the Roth IRA allows people to withdraw their money tax-free in retirement, which can be a great benefit for those who need to access their savings during retirement. Ultimately, whether or not the government should get rid of the Roth IRA is up for debate. It is a popular retirement savings tool, but it does have its drawbacks. It is important to consider both sides of the argument before making a decision. https://inflationprotection.org/should-the-government-get-rid-of-the-roth-ira/?feed_id=74719&_unique_id=63fec93a55963 #Inflation #Retirement #GoldIRA #Wealth #Investing #FinancialPlanning #getridofrothira #retirementplanning #ROTH401k #RothIRA #rothirabenefits #ShouldTheGovernmentGetRidofRothIRA #taxfreeretirement #zeropercenttaxbracket #VanguardIRA #FinancialPlanning #getridofrothira #retirementplanning #ROTH401k #RothIRA #rothirabenefits #ShouldTheGovernmentGetRidofRothIRA #taxfreeretirement #zeropercenttaxbracket

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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