Quote: (04-07-2014 07:56 PM)tarquin Wrote:
Such double-dipping would be a "taking" by the government without compensation and prohibited by the Constitution. Sure, you can say that Constitutional rights are eroding and may not be present when I take money out in 50 years, but I would rather go for the bigger payout with a Roth IRA than kick myself later for using a Traditional IRA.
Yep, and there's no guarantees you wouldn't get screwed on a Trad IRA or 401K either. Someone will cook up a scheme for progressively taxing retirement funds, so if you save $5mil, they'll decide to give you a haircut if they need the money bad enough.
If you do have kids, it's really not a bad idea to open an IRA for your kid. And then not telling them about it until they're 35.