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

American Hartford Gold Review – Best Gold IRA? Pros and Cons

In this American Hartford Gold Group review, I go over what makes this Gold IRA company unique, the pros and cons, their fees, and much more. Get Their Free Guide Here: 00:00 Intro 00:25 Is Gold a Good Investment? 01:02 Why Choose American Hartford Gold? 01:48 Is American Hartford Gold a Legitimate Company? 02:35 How Does American Hartford Gold Work? 03:30 American Hartford Gold’s Price Match Guarantee 03:57 American Hartford Gold’s Minimum Investment 04:28 American Hartford Gold’s Buyback Guarantee 04:56 American Hartford Gold Storage and Security 05:54 American Hartford Gold Free Silver Promotions 06:11 No Overseas Storage Options 06:22 American Hartford Gold Group Price List Not Available Online 06:38 American Hartford Gold Group Review Summary 👉 FREE Resources: ➜ Gold IRA Company Reviews: American Hartford Gold Group continues to be a well-respected market leader in the gold IRA and precious metals investment industry. The company’s proven track record ...

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 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...

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