People love to speculate, especially during tough times. Is the government going to raise taxes? Is my state going to be bankrupt? Will college cost $1MM a year in 20 years?

How should I know. In a country with a constitution that can be changed anything can happen. What I can tell now, however, is that as a country the US is spending more than it’s earning. You may be doing that as well, and how’s that working out for you.

Until we balance the US budget and start saving for our welfare programs, there are only two ways out of this mess: raise taxes or inflate our currency (i.e. repay our debts with dollars that are worth less). It’s likely both will occur, and saving in a Roth IRA will help you avoid a potentially large tax hit when you retire because funds grow tax free in a Roth.