Business & Economy · 56 views
Mitt Romney’s IRA Was Worth Up to $100 Million When He Ran for President but The Annual Limit Was $6,000. The Rules He Used Are Still Legal
Romney built an IRA worth up to $100 million by loading Bain Capital private fund interests into a self-directed wrapper that is still fully legal today.
Summary
Romney built an IRA worth up to $100 million by loading Bain Capital private fund interests into a self-directed wrapper that is still fully legal today. The IRS permits self-directed IRAs to hold private company shares, LLC interests, and real estate; brokers restricting you to public stocks is their policy, not law.
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