The Tigers game was a great time. Detroit won 12-5 over the Chicago White Sox. It sprinkled and misted nearly the entire game, but it was a warm rain, and I figured was better than a really cold night, which it could have been. And, we spent $0 on concessions. DD1 bought a $4.50 bag of popcorn with her own money.
The family picture went well on Saturday. All drama was restricted to the planning stage.
I broke down, and started the furnace at home Sunday morning. It was 63 degrees, and I thought it was time. I was just 9 days short of my October 1 goal!
I mowed the lawn for (hopefully?) the last time Sunday. My dad needs to use it to mow his (hopefully) one more time, too. Then we can put it away for the winter. I'd like to have it services yet this fall. It's a brand new, expensive mower, and I'd like to keep it well maintained. I figured it would be better to get it done this fall when we don't need it back soon, rather than wait until March or April when everyone and his brother is getting theirs serviced.
I'm not sure how many of you have heard of or listened to Ric Edelman, but he is an investment adviser who has a syndicated weekend radio show. I listen to him occasionally on Sunday mornings. One of his callers had a question about rolling over his 401(k) from a previous job, and the topic of a Roth IRA came up. A Roth didn't make sense in this particular case, but Ric added his own thoughts about Roths in general. His thought is that he's none too confident in Congress, and that he's not entirely sure that withdrawals from Roths will necessarily be tax free 30 years from now. That is, he thinks the chances are more likely than not that Congress will change the rules on Roth IRAs, making a withdrawal a tax event. Does anyone have a thought on that?
It's Monday!
September 23rd, 2013 at 12:53 pm
September 23rd, 2013 at 01:02 pm 1379941368
September 23rd, 2013 at 01:46 pm 1379944016
That said, the government has absolutely no precedence of retroactively changing something like that. What will most likely happen is they will stop new contributions, and/or offer huge incentives to take money out of ROTHs. To me, this is all the reason to put more into the ROTHS now, while we can. {I doubt the incentives will mean much to people like us, but again, will reward people in the short run, and most people would bite}.
As an aside, the government is so short-term thinking that they are begging people to convert their regular IRAs into ROTHs, because that is a taxable event and raises current revenues. It's kind of a genius way to get people to voluntarily pay more taxes.
September 23rd, 2013 at 03:11 pm 1379949087