You might think you can't fund a Roth IRA because you make too much money. You would be mistaken. You CAN fund a Roth by taking advantage of a "loophole" in the rules regarding IRAs.

The short of it is you have to fund a traditional IRA with a NON-DEDUCTIBLE contribution (documented with form 8606) and then transfer those funds to a conversion Roth. The details are better explained on many other web sites. Search, "back door Roth" to read more about it.

If you have extra money you'd like to invest so that all growth is forever free of taxation, check it out. You can buy me a beer later.

Too much money??? This is a pilot forum sir. Too much money he says.........

Most anyone who flys for a legacy makes too much to fund a Roth. Hopefully most of you will be there in a few years. For those that already are, this investment strategy is gold.

Forever is along time. Wait till Hillary is president and those Roth tax accounts need to be taxed due to fed budget. Or worse yet confiscated to more vest everyone in Social security.

Confiscated? Right. Wait, let me put on my aluminum foil hat so I can better understand.

Don't feed the troll.

There's probably close to $20 trillion held in retirement accounts and programs in the United States. That's enough to pay off the national debt.

Don't think for a moment that $20 trillion held by people who work for a living is not on the Democrat radar.

The mentality that it can't ever happen to you is the same as the mentality that you won't ever have a gear-up landing.....

Other countries have already seized such retirement assets from their people:

Friendly Fire: History of government confiscation, raiding, taking of private pension, retirement accounts

Better keep your savings under your mattress then.

Your dismissive attitude is not constructive.

It's important to recognize the possibility of such an event happening, especially since it's happened several times in recent history.

Also important to have a "Plan B" for if/when your retirement accounts/pensions are seized or simply just vanish.

If you fail to plan, you plan to fail.

So if you think it's possible for the government to seize your savings, what is a viable plan B? I submit that if your scenario played out there would be no safe haven. Short of a war that breaks our country and way of life, I don't see the government stealing our money. It certainly won't be Hillary anyway.

On second thought, don't answer. I was just trying to help but I see the vast majority of pilots on this forum are young guys afflicted by shinny jet syndrome. Perhaps in about ten years this advice will be relevant.