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 privat
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