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Episode 3303:

Scott Spann explores situations where a Roth IRA may not be the best choice, highlighting factors like early withdrawal temptations, uncertain future tax rates, and the potential benefits of focusing on career development instead. His perspective encourages weighing personal circumstances and long-term financial goals before deciding between retirement account options.

Read along with the original article(s) here: https://www.financialfinesse.com/2013/07/01/reasons-to-stay-away-from-a-roth/

Quotes to ponder:

"A wonderful feature of Roth IRAs is the ability to access your contributions at any time without taxes or penalties. This ease of accessibility can be dangerous for people who may be easily tempted to withdraw these contributions prior to retirement for non-emergencies."

"If you are debating between contributing to a Roth or advancing your knowledge and earnings potential, it just may make more sense to focus on career development for the best return on your investment."

"We could even see a national sales tax or a VAT that would be applied to all spending, whether it came from a Roth or not."

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