XL-entLady
Well-known member
No kids, no heirs. Interested in maximizing current investment for retirement within 5 years. Roth is not the best option.
Social Security is taxed twice....when you earn it and again at distribution, and it wasn't always that way. Laws were changed to balance the budget on the backs of retirees. Do you really believe that with the size of the national debt growing at accelerating rates and all this creative financing to rescue private financial institutions at taxpayer expense adding to it that Roth distributions won't be taxed within 10 years?
Good point, L2R. With the growth of the national debt, there may be a tax on breathing in ten years!
Birch, I do have two children. I paid for both college educations and helped both with the down payments on their homes. Now I intend to SPEND their inheritence, and that includes choosing tax options that make the most sense for me not them! I'll keep enough for my needs and if that means there is something left for them to inherit, that's fine. And if not, I gave them the tools so let them make it the same way I did. :toung:
Lady