Are Roth IRA Assets Safe from Washington's Revenue Hunt?

December 11, 2012Quotes & Mentions
Investment News
As Washington wrangles over where and how to hit the electorate with another tax as part of the fiscal cliff debates, one can't help but wonder about the future of the growing pile of assets packaged as Roth IRAs.

With lawmakers already threatening to renege on promises made in areas such as muni bond tax exemptions, the handwriting might be on the wall for the future of Roth IRA assets. Keep in mind that the major appeal of the Roth IRA, as originally established in 1997, has been the ability to withdraw assets in retirement tax-free.

Dinsmore’s Kevin Ghassomain recently spoke with a reporter at Investment News about the current hostile tax environment. Read the full article below to learn why Kevin does not believe Congress would ever start to directly tax Roth IRAs.