Unfortunately that Mickey is full of it when it comes to complaining about that $290,000 bill of a regular IRA...
...Given a constant tax rate, a Roth IRA and regular IRA with equal performance produce exactly the same amount of money.
It is the relative taxation between now and retirement that dictates what is most advantageous (marginal taxation on last dollar, not overall). If you think that by the time you're 65 you'll be pretty damn good at cooking up deductions... regular IRA. Maybe you think taxes will go up... But what Mickey doesn't get is that that enormous tax burden is just the same as it was on the input side.
[ 14. January 2007, 23:00: Message edited by: addict ]
