For over two years, I’ve been an opponent of the ROTH IRA after the government came out with its tricky dick way to let us all do a “one-time” conversion from our traditional IRA’s. The title of the post written in January, 2010 is called, “Be A Sloth And Don’t ROTH“.
In these two years, I’ve become a more mellow, laissez faire blogger who realizes that there’s no point trying to force my views on others if they don’t want to change. Instead, I’ve simply sought to lay out the reasons why I think the way I do, and let you readers decide.
If the choice is between NOT SAVING and saving via a ROTH IRA for your future, then the answer is that one should open up a ROTH IRA rather than piss their money away on stupid stuff that depreciates in value. However, do know that you are still pissing money away by giving some of your money to the government. And if the choice is between choosing a traditional IRA over a ROTH IRA, choosing the traditional IRA is hands down the way to go.