Today I talk about an article published by ProPublica that has since been picked up by just about all of the financial media outlets. In the midst of going through IRS documents released by a major leak, ProPublica found that Peter Thiel, one of the founders of Paypal, bought shares of Paypay within his Roth IRA in 1999 and has since grown his account to be worth $5 billion. Since those gains are within a Roth IRA, Mr. Thiel is not going to have to pay taxes on ANY of his gains and essentially will be getting his $5 billion with no taxes. Be sure to check out today’s episode to see how he did it and if you can too!
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show!
My Usual Links
Website: www.MainStFinance.org
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
91 - The Three BIG Questions with Dr. Guy Baker
90 - Stock Options with Cody Yeh
89 - Tactical Allocations with Dr. Rufus Rankin from Sidepocket
88 - Are you OnTrajectory? With CEO Tyson Koska
87 - Minor vs. Major League Gold Digging with Chairman Doug Hurst
86 - A Conversation on Investing Taxes with Barry Spencer
85 - A Case Study in CEO Priorities with Jim Pakulis
84 - Insider Trading
83 - An Introduction to Crypto with Rob Frasca
82 - What It Means To Be ”Upside Down”
81 - Banking Big or Small; An Interview with a Banker
80 - Returns
79 - Using The Monopoly Boardgame to Explain Quantitative Easing (QE)
78 - Giving Smokers a Choice with Setti Coscarella; CEO of TAAT Global
77 - The Trial of the Reverse Mortgage with Harlan Accola, CRMP, CSA
76 - What is a Reverse Mortgage?
75 - How To Get Rich By Starting A Charity
74 - Overcoming Sales Call Reluctance with Connie Kadansky
73 - The Economics of Film with Ian from The Best Film Ever Podcast
72 - A Golden Opportunity with Ivan Bebek
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast