The Roth IRA was some of the best legislation ever created in the USA. Murray is correct, as long as you are at least 59 1/2 when you start your withdrawals, and you have had a funded Roth for at least 5 years, it is completely free of taxes. What many do NOT know about, and I did a lot of research on it, is that your 5 year waiting period starts on the day you funded ANY Roth IRA! I opened one in the mid-90's, so the 5 year clock started that year. In my current Roth just yesterday I requested a distribution via an ACH, easy and quick and in my wallet free of taxes. I still have a couple other Futures accounts, but in time I will quite likely fade them out. In my present Roth I can trade Futures, options on Futures, other options, stocks, ETF products. Easily one of the best moves I ever made! Country Boy and others, I share your concerns about the direction of the country and tax structures etc. I travelled to and lived in communist/authoritarian countries long ago as part of my research and studies, not the political system I want to live under here! Murray, your state of TN is indeed drawing increasing numbers of those seeking greater freedoms including state tax laws, I know a family that just moved there for that very reason.
My current domicile is in Delaware. I also owned a building lot in Tennessee (Tellico Village, southwest of Knoxville). Moving to Delaware was more simple in the short run. So that's what happened. And excellent MDs in DE, I found out, all grandkids LOVE the beach in summer Screw it. I just pay the DE tax. *** Thanks for the info on Roth IRA Conversion, etc. I never trusted any of that stuff ***. This country is turning a new chapter. Mirrors the fall of Rome. Same as the morality plays of the Middle Ages. Anybody with an Internet Connection can follow it real time. Biblical in scope.