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Full Version: Can the Roth plan be rescinded?
BenefitsLink Message Boards > Retirement Plans > IRAs and Roth IRAs
jd175
Is there any law (or IRS precedent) which would allow the Roth plans to be cancelled in the future, forfitting the benefits we all put up taxed $ for? I'm looking at a Conversion which will cost a lot of Taxes right now, with the benefit depending on the tax-free growth over many many years. I'm interested what professionals familiar with the IRS would estimate the probability of these plans being wiped out by a new Tax law, and if so would the accumulated interest be taxed at that time?
jd175
Thank you, those discussion strings were elusive to my search!
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