The Secret IRS Files
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.
The Secret IRS Files
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.