[ale] [OFF TOPIC] Tax time

[Sean Kilpatrick]

For those of you who file a joint tax return for state and federal
AND contribute to a Roth IRA, you might want to talk to a cpa -- soon.

Why,

Because one more time our Congress-critters have lied to us. 
When you retire and try to draw on the Roth IRA you will find that it
is, indeed, taxable -- at about a 21% rate.
So how does this shell game work?

Your retirement income usually is made up of two main components: your
Social Security and Everything Else.  The greater the sum of Everything
Else, the more of your Social Security income is taxable.  The Roth is
part of Everything Else.  If you run through the worksheets with and
without the Roth component of your retirement income you will clearly
see that it is the Roth income that is driving up your net tax bill.
Your money is being taxed twice.

You have 32 days.

Sean