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!
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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
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70 - Self Directed IRAs with Jason DeBono
69 - The Possibilities of Nuclear Energy with CEO Daniel Major
68 - Jeff Bezos Takes an L
67 - My Favorite Broker; M1 Finance
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65 - Alpha, Beta, and Why You Should Care
64 - Income Investing in Precious Minerals with Kyle Floyd; CEO of Vox Royalty
62- Even The IRS Can Have Fun
61 - Taxes on What You Own
60 - Taxes On What You Buy
59 - Taxes on What You Earn
58 - Building and Improving your Credit with Gerri Detweiler from Nav
57 - The Securities and Exchange Commission (SEC)
56 - Treasury Securities
55 - A Bank's Role in an Economy
54 - Preferred Stock
53 - An Introduction to The Federal Reserve
52 - The Dual Income Trap
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