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Originally Posted by Rose76
Are you suggesting that the elderly pay higher taxes than the young? Or do you feel that the elderly should be taxed at a lower rate than the young?
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I think elderly should be taxed at a lower rate. But I put it not necessarily like they should be taxed less than the young but less than everyone else.
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I was wrong above in saying that you eventually get taxed on the earnings portion of a Roth. That was an assumption I wrongly made. You may possibly pay no taxes on even the earnings.
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Ok then that makes sense. So truly any money I put in the roth and then use for my retirement would be "tax free" when I withdraw it. That could make a major difference. In terms of the self directed IRA... I have some investments now that basically I refuse to take any money out of so essentially I am using them for retirement. So I would like to move them into the roth ira so that I could get the tax benefits. I continue to look at them.