As multimillion-dollar IRAs grow, lawmakers vow to curb abuse of these accounts (cnbc.com) 2 points by toomuchtodo 4y ago ↗ HN
[–] toomuchtodo 4y ago ↗ Related to the leak and Propublica reporting of Peter Thiel having ~$5 billion in an IRA.https://www.propublica.org/article/lord-of-the-roths-how-tec...https://news.ycombinator.com/item?id=27616090https://news.ycombinator.com/item?id=27675736https://news.ycombinator.com/item?id=27743427
[–] JMTQp8lwXL 4y ago ↗ A simple rule would be only permitting publicly traded companies from being included in an IRA. No private companies. Then, no more 100,000% growth inside of the IRA. [–] toomuchtodo 4y ago ↗ Also, anything above a certain threshold requires a mandatory distribution and becomes taxable, say $5 million.
[–] toomuchtodo 4y ago ↗ Also, anything above a certain threshold requires a mandatory distribution and becomes taxable, say $5 million.
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[ 3.0 ms ] story [ 18.6 ms ] threadhttps://www.propublica.org/article/lord-of-the-roths-how-tec...
https://news.ycombinator.com/item?id=27616090
https://news.ycombinator.com/item?id=27675736
https://news.ycombinator.com/item?id=27743427