How Safe Is Your Roth IRA?
...When I look at the budget problems we face, I'm skeptical that Congress is going to live up to its promise to keep its hands off that money....

...Ultimately, Congress is going to be faced with penalizing people who didn't save adequately for retirement by cutting their benefits, or penalizing people who did save, by raising taxes on their savings. For a lot of reasons, I expect them to err on the side of penalizing savings. This may have some very ill effects on capital formation in the US--but by the time they're making this decision, everything they do is going to have some very ill effects on something....

...Corse figures it's all kinds of fun to tell people they can have Roth IRAs, and then change the deal later on and take all their money. What does he want to do with the money when he takes it? I will bet you a dollar to a donut he wants to give a big chunk of it to public union members who retired at age 50 with six-figure pensions, because they were told they'd be able to do that, and the government's word is sacred. Sometimes. ...