The World’s Most Famous Self Directed IRA

The World’s Most Famous Self Directed IRA

If you want to get acquainted with the world’s most famous and arguably most successful self directed IRA, we suggest you check out the Wall St. Journal or Bloomberg article on Mitt Romney’s $100M+ self directed IRA.

How did he do it? No one really knows for absolute certain, but the expert speculation is that Romney contributed over many years private company stock to a SEP 401(k) while working in the private equity fund Bain. The stock, which had a very low basis, appreciated over many years tax free, and was subsequently rolled over to a self directed IRA.

 

 

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