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Jun 24, 2021 · Over the last 20 years, Thiel has quietly turned his Roth IRA — a humdrum retirement vehicle intended to spur Americans to save for their golden years — into a gargantuan tax-exempt piggy...
Jun 26, 2021 · But PayPal co-founder Peter Thiel has used his Roth IRA to amass a $5 billion nest egg. Thiel’s Roth IRA was worth less than $2,000 in 1999, according to Internal Revenue Service data obtained...
Jun 25, 2021 · ProPublica found that Thiel was able to avoid taxes on billions of dollars' worth of capital gains through the use of a Roth IRA. Peter Thiel, co-founder and chairman of Palantir...
Learn how the PayPal co-founder invested in PayPal and Facebook through a self-directed Roth IRA, and how you can replicate his strategy with alternative assets. Discover the benefits and risks of building a Mega IRA like Thiel, and the key investment vehicles and tax-efficient wealth creation strategies.
- How A Roth Ira Works
- Thiel's Secret to Success
- Unlock Your Roth Ira Riches
- The Way to Wealth
Let's start with the basics. The Roth IRA was started in 1997 and named after one of the co-sponsors of the law that created them, Sen. William Roth (R-Del.). The purpose of the Roth IRA was to encourage average working Americans to stash cash away for retirement. The incentives are attractive, boasting tax-free growth and withdrawals during retire...
One overlooked feature of the Roth IRA is the ability to choose your favorite assets (within the constraints of the IRS rules) to put your contributions to work. Thiel was among a select group with exclusive access to shares of PayPal before the company went public. This deal gave him a leg up. Unfortunately, most traditional brokerages will limit ...
Let's be clear: There's a high probability that you won't wake up with a billion-dollar Roth IRA by investing in traditional assets alone. But that shouldn't stop you from using the Roth IRA to build wealth. It's possible to reach the million-dollar mark if you start early, contribute consistently, and invest in high-quality assets. For example, if...
Building wealth in a Roth IRA is not as challenging as it might sound. To sum it up, start contributing as much as possible so you can invest in assets that can help your portfolio explode in value. Enjoy tax-free gains forever (as long as you follow the rules) and use proceeds to invest in other assets that can supercharge your portfolio. Here's t...
Jun 24, 2021 · Peter Thiel, the billionaire co-founder of Paypal Holdings Inc. and a vocal opponent of higher taxes, had amassed $5 billion in a tax-free Roth individual retirement account by 2019,...
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Sep 17, 2021 · Peter Thiel, billionaire co-founder of PayPal, would likely need to withdraw all but $20 million of his Roth IRA, reportedly valued at $5 billion. Thiel, 53, would owe income tax on any...
