By SD Contributor AGXIIK:
The government says that once the Roth is converted, there are no taxes on withdrawals after that. Of course, the gummint is great at the big lie. Anytime in the future the Roth safe harbor could be cancelled. All a president would have to do is pull the NDRP or NDAA trigger, and they own our butts.
Most people would never even hear of the IRA grabs thus leaving themselves as a convenient target. Those that were smart enough to see this coming would do just what most of us are doing. Slowly removing the IRA balances, paying the much smaller amounts of taxes and moving on.
There’s a good possibility that the GRA or pension grabs will move up in line of Federal control, thus leaving out the annoying waiting for revenues and actuarial estimation of when the holder will die, with the estate coughing up half of the balances. [Read more...]