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What Peter Thiel’s Roth IRA Means for Yours
The new focus on retirement-account limits raises questions about saving strategies for everyone, not just the superrich
PHOTO: SIUNG TJIA/WSJ
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July 2, 2021 5:30 am ET
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Large Roth IRAs owned by the superrich are in the tax spotlight now, and all savers should consider the implications for their own retirement accounts.
Recently, the investigative site ProPublica published a new article in its series contending the wealthiest Americans don’t pay their fair share of taxes, based on IRS data it says it obtained. The story claimed some wealthy Americans have multimillion- or even billion-dollar, tax-advantaged retirement-savings accounts. The largest one cited was a Roth IRA with $5 billion in assets (as of 2019) belonging to PayPal founder and investor Peter Thiel.
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