clifp
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Oct 27, 2006
- Messages
- 7,733
I thought I was doing pretty well the combined value of my 401K/IRAs moving past 1.5 million, despite only contributing for 15 years.
Then came Gov. Romney with an IRA worth more than $100 million that he accumulated over a life time.
But my hats is off to this entrepreneur.
I say if he uses the 72(t) to do withdraws before 59.5 and can qualify for an ACA subsidy, he should be crowned the Olympic champion of tax avoidance.
Then came Gov. Romney with an IRA worth more than $100 million that he accumulated over a life time.
But my hats is off to this entrepreneur.
From the WSJ.In the first example, an entrepreneur contributed $5,000 of “founders’ shares” in a business to a Roth IRA in 2008. The original value of the shares was $0.00125 each. The company went public in 2012 at $25 a share. The account grew to $196 million by 2014.
I say if he uses the 72(t) to do withdraws before 59.5 and can qualify for an ACA subsidy, he should be crowned the Olympic champion of tax avoidance.
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