Peter Thiel is about to turn 59 and a half this year, so he’ll be able to withdraw his more than $5 billion in capital gains tax free because he legally gamed the Roth IRA system. Superrich just have different rules. Propublica’s 2021 report: www.propublica.org/article/lord...
Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank
Roth IRAs were intended to help average working Americans save, but IRS records show Thiel and other ultrawealthy investors have used them to amass vast untaxed fortunes.
propublica.org