One article from ThinkAdvisor gives highlights from a discussion at The American College. Professor Laurence Kotlikoff, professor at Boston University and co-writer of the book about Social Security “Get What’s Yours” made it clear that governments will require more revenue and will probably raise rates.
The other article from FinancialAdvisor magazine said they might raise rates or reduce deductions to raise revenue. Either way, government at every level will require additional revenue. That Means Higher Taxes!
What's the implication if tax will be higher in the future? Roth IRA conversions and irrevocable trusts will be good ideas!