Hello all,
I can't pretend to be on the level as most of you here, but I wanted to ask this question in hopes there may be some basis in fact of what I've been told, that I've so far been unable to find on the internet. I have been instructed by my financial adviser that due to a new law, I had to set up a monthly contribution amount for my Roth IRA, and that this contribution cannot be cancelled, or otherwise modified in any way, under penalty of never being able to contribute to the fund again. Now as I write this, it seems pretty stupid. But I of course want to fund my Roth IRA, so I said OK, and let them process the paperwork for that to happen. In the interim, I've searched the internet, and asked other people who I know are investing, and none of them have heard anything about such a rule. Am I being duped?