• randon31415@lemmy.world
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    8 months ago

    Roth IRA: Can only put in $6,000 per year by law.

    A congressional representatives I can’t remember the name of: Has over 2 million in Roth IRA.

    Some law was broken at some point.

    • phoneymouse@lemmy.world
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      8 months ago

      Peter Thiel also. As far as I know, he legally contributed to the IRA and then invested the money in his own businesses, which grew several thousand percent.

    • Kage520@lemmy.world
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      8 months ago

      That’s not necessarily the case. Wasn’t it a big issue recently saying that high tech earners had been putting shares of startups into their Roth IRA then it was worth way more than intended later?

    • eerongal@ttrpg.network
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      8 months ago

      Backdoor Roth conversions + outsized gains like mentioned in the image would pretty easily explain that, which is all “perfectly legal”