Could Roth IRA Be Taxed In The Future?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaThe Internal Revenue Code changes every year. However, it is highly unlikely that the provision that created the Roth IRA would be changed in such a way as to affect people who already have Roth IRAs. The law could change to make Roth IRA no longer available but it is highly unlikely that that a change such as that would affect currently Roth IRAs.Answered on November 7, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! While anything can change, the current feeling in Government is that people need to be able to save for retirement, so as to relieve the burden on the social welfare programs. In that regard, it is unlikely that they would change the tax advantages of your Roth, but then again, with the track record of decision making shown over the last few years, who knows? Thanks for asking!Answered on November 10, 2014flag this answer
11783 POINTSContact Meview profileLarry GilmorePROAgent Owner, Gilmore Insurance Services, Marysville, Washington StateCould a Roth IRA be taxed in the future? Short answer? yes, it is possible. Long answer? very unlikely to happen as the blowback towards the politicians who would even suggest such a thing would be great. Every few years questions come up about taxation of certain types of things where people put money for down the road. Every few years those ideas get shot down pretty quickly.Answered on October 21, 2015+01+1 this answer
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