From all the qualified retirement vehicles offered by the government, a Roth IRA is probably the most appealing for the financial planners since finally common sense is winning over traditional wisdom. The fact that is better to pay the tax on the seed than on the harvest is being accepted now especially with the trillions after trillions of new federal debt created recently.
People are now struggling with the thought that all that debt will have to be paid and the easiest and more convenient way the federal government has at its disposal is TAXES.
When you understand that you are going to be paying way more taxes later, then you do better paying taxes now, and that is how a Roth IRA works. You deposit money in a Roth IRA with after tax money, which means the money that you deposit there is not accepted in your income tax … Read More