What is the Enigma Surrounding Mitt Romney's IRA?

From the Majority Report, live M-F 12 noon EST and via daily podcast at How was Mitt Romney able to amass somwhere between $21 million and $102 million in his individual retirement account during the 15 years in which he was at Bain Capital?...(read more)

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When it was first reported in 2012 that former Republican presidential nominee Mitt Romney had an individual retirement account (IRA) worth as much as $100 million, many people were left scratching their heads. How did he accumulate such a large sum in a tax-advantaged retirement account? The answer lies in what is known as a self-directed IRA. Unlike traditional IRAs, which typically hold stocks, bonds, and mutual funds, self-directed IRAs allow individuals to invest in a wider range of assets, such as real estate, precious metals, and even private businesses. This allows investors to potentially earn higher returns than they would with a conventional IRA, but it also comes with greater risk. Romney's IRA is said to have been primarily invested in Bain Capital, the private equity firm he co-founded. Bain Capital was known for acquiring struggling companies, improving them through reorganization and cost-cutting, and then selling them for a profit. This strategy often resulted in high returns for investors, and it's likely that Romney's self-directed IRA reaped the benefits of this investment strategy. However, the use of self-directed IRAs has come under scrutiny in recent years. Some critics argue that it's unfair for wealthy individuals to use them to accumulate vast sums of money in a tax-sheltered account while most people are limited by IRA contribution caps. Others claim that self-directed IRAs can be used for unethical purposes, such as investing in businesses that engage in illegal or harmful practices. Despite these criticisms, self-directed IRAs remain a popular investment tool for many wealthy individuals, including business owners and real estate investors. The secret behind Mitt Romney's magical IRA may be a combination of savvy investment strategy and the flexibility afforded by a self-directed IRA. Whether or not this strategy is accessible or ethical for the average investor is up for debate. https://inflationprotection.org/what-is-the-enigma-surrounding-mitt-romneys-ira/?feed_id=102544&_unique_id=6475633b0145a #Inflation #Retirement #GoldIRA #Wealth #Investing #2012 #2012elections #Bain #baincapital #electionnews #individualretirementaccount #ira #liberal #MajorityReport #MittRomney #politicalcommentary #politicalnews #politicalradio #politics #progressive #Retirement #Romney #Romney2012 #SamSeder #usnews #SEPIRA #2012 #2012elections #Bain #baincapital #electionnews #individualretirementaccount #ira #liberal #MajorityReport #MittRomney #politicalcommentary #politicalnews #politicalradio #politics #progressive #Retirement #Romney #Romney2012 #SamSeder #usnews

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

How Annuity Education Can Help You Effectively Plan for Retirement with Annuities: Insights from IBC Global

Want to Learn If An Annuity Is Right For You? Thank you all for watching! Don't forget to subscribe for more! DISCLAIMER: All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and ILS Products is made for informational purposes only. #Finance #Annuity #Insurance... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Annuity Education: Effective Retirement Strategy - Utilizing Annuities Retirement planning is a crucial aspect of everyone's financial journey. With the goal of maintaining a comfortable lifestyle after ending decades of work, individuals often seek strategies that provide a st...

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