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Do billionaires use Roth IRA?

Billionaires gain their advantage over the middle class by combining the backdoor Roth IRA with access. Take Peter Thiel, for example, who managed to turn $2,000 in 1999 money into $5 billion in 2027 money—when he will be 59 1/2 and able to withdraw his investments tax-free.Feb 28, 2023