The 0.01 Percent’s ‘I Reap All’ Accounts

Do you remember when Mitt Romney’s IRA made headlines during his failed 2012 presidential campaign?That outsized retirement stash estimated at between $20 and $102 million probably led President Barack Obama to propose limiting the buildup of IRA values. It turns out that Romney’s gigantic IRA was no fluke.At least 9,000 wealthy Americans have amassed $5 million-plus sized IRAs. Indeed, the former Massachusetts governor’s use of a monster IRA to defer taxation is modest compared to others.Read More.Source: Otherwords, Bob Lord