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Personal Finance and Investing

jimfields33

(18,905 posts)

2. I'm so glad I converted my traditional IRA to ROTH

Reply to progree (Reply #1)

Sat Jul 3, 2021, 02:30 PM

Jul 2021

Yes I paid some taxes but in the future they will be higher no doubt. Now in twenty years, I can pay for anew roof tax free probably with gains. ROTHS are the best. Of course they are going to change things. The one thing they won’t do is tax withdrawals. They do that and who want it will be voted out immediately at next primary.

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What Peter Thiel's Roth IRA Means for Yours [View all] question everything Jul 2021 OP

Interesting. I didn't know any of this was coming down the pike progree Jul 2021 #1

I'm so glad I converted my traditional IRA to ROTH jimfields33 Jul 2021 #2

I think that you now can wait to 72 to start withdrawing. question everything Jul 2021 #4

Yes, you are right, I will clarify that in my posting. 70.5 is the age when one can do QCD progree Jul 2021 #6

There always should have been limits on size of IRAs, but that's not what the GOP wanted bucolic_frolic Jul 2021 #3

IRAs and 401K ended up replacing the disappearing pensions. question everything Jul 2021 #5

IRAs were Reagan's policy bucolic_frolic Jul 2021 #7

I did a little Googling - I suspect IRAs were quite bipartisan progree Jul 2021 #8

I mean I sort of want to agree with you, and recognize your point, BUT bucolic_frolic Jul 2021 #9

"As you can see from the votes in Congress, Democrats were slightly opposed." progree Jul 2021 #10