Sherene Strausberg

How the .001% Use Retirement Accounts as Tax-Free Piggy Banks

A retirement account designed for the middle class is being exploited as a giant tax shelter — legally — by some of the wealthiest Americans. Billionaire tech mogul Peter Thiel, a Paypal co-founder, has grown his Roth IRA to more than $5 billion.

Why You Can’t Turn Your Roth IRA Into a Billion-Dollar Tax Shelter

Unless you have access to nonpublic stock of a future tech giant, it’s pretty hard to turn a humble retirement account into a tax-free piggy bank.

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