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New Roth option
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<blockquote data-quote="brett636" data-source="post: 861922" data-attributes="member: 249"><p>As someone who has prepared literally hundreds of individual tax returns I can assure you that no loss is taxed on anything. If you are simply wanting to point out that losses can occur when investing for retirement you would be right, and if you don't want to incur said losses its best to keep your money in less risky investments. You won't earn as much money, but you will keep your principle in tact if that is your goal. My retirement is a good 30 years away so I'm not afraid to risk my money now for bigger returns later. </p><p> </p><p></p><p></p><p>I haven't heard anything specific lately, but I do know hearings have been held on capital hill about either confiscating all privately held retirement funds and dumping them into one big government pot to be delved out when a person retires. Or requiring 401ks, IRAs, and other retirement vehicles to invest a certain percentage of the money they hold into government bonds as a way to fund the government's insatiable apetite for money. Both ideas should anger anyone who wants to save for their own retirement because all that is the government attempting to control yet another part of our lives that they have simply no business being apart of.</p></blockquote><p></p>
[QUOTE="brett636, post: 861922, member: 249"] As someone who has prepared literally hundreds of individual tax returns I can assure you that no loss is taxed on anything. If you are simply wanting to point out that losses can occur when investing for retirement you would be right, and if you don't want to incur said losses its best to keep your money in less risky investments. You won't earn as much money, but you will keep your principle in tact if that is your goal. My retirement is a good 30 years away so I'm not afraid to risk my money now for bigger returns later. I haven't heard anything specific lately, but I do know hearings have been held on capital hill about either confiscating all privately held retirement funds and dumping them into one big government pot to be delved out when a person retires. Or requiring 401ks, IRAs, and other retirement vehicles to invest a certain percentage of the money they hold into government bonds as a way to fund the government's insatiable apetite for money. Both ideas should anger anyone who wants to save for their own retirement because all that is the government attempting to control yet another part of our lives that they have simply no business being apart of. [/QUOTE]
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