Child Tax Credit Could Pivot To Gasoline Vouchers By Memorial Day -- January 10, 2022

Some are now predicting that the US government will "print" gasoline vouchers for those with "qualifying incomes." Pilot program would likely begin in California, New York, Illinois, and states where incumbents are most vulnerable. 

For investors bullish on oil, this is not a bad idea. I could support it.  

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BRK-B: the ultimate Warren Buffett stock? IBD. 

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Traditional IRAs Vs Roth IRAs

There are a lot of articles right now discussing the pros and cons of traditional IRAs vs Roth IRAs. From an earlier post, October 9, 2021:

Investing: re-posting -- see this post:

Roth vs traditional IRAs: see if you can find the fallacy in the argument presented by this writer -- "why I won't do a Roth IRA conversion -- even  if this is the last chance." Brett Arends is very, very knowledgeable and has been around for quite some time. How he missed this fallacy is beyond me. His argument:

• most of us -- including the writer, Arends -- are almost certainly going to be better off in a traditional IRA
• his fallacy: see if you can find it

This article really, really "haunts" me -- the writer is so off the mark. Roth vs traditional IRA? This is a no-brainer. 

If I only knew then what I know now.

The writer assumes lower middle class and middle class are big investors. No. Living month-to-month. The "investor class" will be much better off with Roth IRAs. 

Just wait until investors who got a very, very small tax break at the front end and then see how huge the RMDs will be at the other end, regardless of the tax bracket. At the front end, getting a tax break on a $6,000 investment; at the other end, being taxed on a $25K RMD.

At the front end one has a choice, contributing to a Roth IRA or a traditional IRA.

At the back end, with a traditional IRA, you have no choice. The government decides for you how much you must "liquidate" and how much tax you will pay on that distribution. With a ROTH IRA the decision is all yours. At least until the government changes the law.