#mittromney The news outlets are going crazy over Mitt Romney's mysterious $100,000,000 Roth IRA. How could an IRA with a maximum yearly contribution of $6,000 grow to contain $100 million? How exactly has Mitt Romney built his incredible wealth? Today you're going to learn about the power of building wealth inside of a self-directed IRA. I'm sharing the secrets of Mitt Romney's $100,000,000 Roth IRA, how to make smart retirement and tax choices, and what you need to do to build your own wealth! Download our FREE Freedom Number Cheat Sheet here ➜ Read Our Best Selling Book “How to Pay Off Your Mortgage in 5 Years” ➜ Ready to buy your first rental property? Book a 30 Minute call with our team ➜ Subscribe to this channel for more great tips ➜ Want Funding For Your Real Estate? ➜ Love podcasts? 🎧 Listen to our award winning Investing in Real Estate Podcast ➜ Apple Podcasts: 🎧 Follow me on Instagram! Instagram: Want to Get Started With Real Estate Investing? Watch our Getting Started Playlist: DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals....(read more)
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When it comes to retirement savings, many people aim to reach a comfortable balance in their 401(k) or IRA. But not everybody agrees. Take former Republican presidential nominee Mitt Romney, for example. The multi-millionaire has amassed an impressive $100 million in his Roth IRA, a type of individual retirement account that offers tax-free growth and withdrawals. That's a substantial increase from the $4.8 million he reportedly held in 2012, during his presidential campaign. So, how did Romney manage to accumulate such a large amount in his Roth IRA? Here are a few potential explanations: 1. Starting early: According to reports, Romney opened his Roth IRA in 1999 when the account first became available. That gave him about a decade of tax-free growth before he even became the governor of Massachusetts in 2003. 2. Leveraging investments: Romney is known for his investment prowess, and he reportedly used his Roth IRA to invest in private equity funds, which can offer higher returns than publicly-traded stocks and bonds. There's also speculation that Romney was able to buy shares in these funds at a discount, potentially boosting his earnings even more. 3. Making conversion moves: In 2010, Congress changed the rules surrounding Roth IRAs, allowing people with traditional IRAs to convert them to Roths, regardless of their income level. That gave wealthy investors like Romney the opportunity to shift large amounts of money into a tax-free account, where future earnings can continue to grow without ever being taxed. 4. Keeping a low profile: Finally, it's worth noting that Romney's investment decisions within his Roth IRA aren't public knowledge, thanks to the structure of private equity funds. This means there could be other factors at play that have helped fuel his impressive growth over the years. Of course, not everybody can replicate Romney's Roth IRA success. For one, the annual contribution limit for Roth IRAs is currently $6,000 (or $7,000 for individuals over 50), meaning it would take decades to amass a $100 million balance. Additionally, investing in private equity funds can be risky, and the average investor may not have access to the same opportunities as Romney does. Still, Romney's Roth IRA serves as a reminder that savvy investing and strategic retirement planning can pay off in big ways. Whether you're aiming for a modest nest egg or a small fortune, it's important to understand your options and work with a financial advisor to create a plan that makes sense for your goals. https://inflationprotection.org/unveiling-the-enigma-mitt-romneys-roth-ira-worth-100000000/?feed_id=94116&_unique_id=64534b72b4122 #Inflation #Retirement #GoldIRA #Wealth #Investing #baincapital #buildweath #Claytonmorris #howdidnancypelosiget100milliondollars #MittRomney #mittromneyrothira #mittromneytoday #Morrisinvest #NetWorth #realestateinvestingforbeginners #RothIRA #sdira #selfdirectedira #stockmarket #thesecretsofmittromney #VanguardIRA #baincapital #buildweath #Claytonmorris #howdidnancypelosiget100milliondollars #MittRomney #mittromneyrothira #mittromneytoday #Morrisinvest #NetWorth #realestateinvestingforbeginners #RothIRA #sdira #selfdirectedira #stockmarket #thesecretsofmittromney
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