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Mitt romney put your records on9/8/2023 An investment of $5,000 (the contribution limit) would have earned you $94 million had you timed the market right. That coin would have been worth nearly $19,000 at the peak and about $7,000 today. An investment of $100 would have gotten you 1 coin. You could have had the same returns buying Bitcoin in your IRA back in 2013. He put a few thousand down knowing that Bain was investing millions, and he had all of Bains research. He knew that Bain was making major investments into these pre-IPO companies, and, if they succeeded, he could make a fortune post IPO. While at Bain Capital, the investment management firm he founded, Romney made investments into startup companies that he thought would take off. So, how the heck did Romney’s IRA account reach $100M? Romney used an ordinary IRA or simplified employee pension (SEP) IRA, which means he’ll have pay ordinary income tax on the gains, starting when he reaches 70 ½. Romney was well over this income level.īecause he didn’t qualify for a ROTH IRA, Mr. Plus, your ROTH contribution is limited by your filing status and you income. No matter the exact number, let’s agree that this is damned impressive considering the maximum contributions to a traditional IRA is relatively small.Īccording to the IRS website, for 2015, 2016, 20, your total contributions to all of your traditional and Roth IRAs cannot be more than $5,500 ($6,500 if you’re age 50 or older). Romney’s IRA account are as high as $101.6 million depending on who you ask. Romney is is IRA account.Įstimates of Mr. With all of that said, the most interesting thing about Mr. Romney is a former governor of Massachusetts and ran for president in 2012 but lost to Barack Obama. Romney pledged he would “continue to speak out on issues of significance as I see them, and hopefully be able to convince the people who are running from our party to adopt policies that encompass foreign policy and keeping America safe.Mitt Romney is expected to win the race for a Senate seat in Utah and could end up becoming one of the most powerful players in the United States Senate. Rand Paul off his list of strong contenders, going on to say that he disagrees with those in his party who are pushing for the United States to disengage from the world. Jeb Bush, they don’t know Jeb Bush as the governor of Florida, and the kind of record he has and had there.” “Of course, people are getting to know Chris Christie. “But at the same time, there are people who are not yet known by the American public who have extraordinary records, great capability, Paul Ryan being one of them, Scott Walker, Bobby Jindal, Marco Rubio,” he said, listing off some of the Republicans known to be mulling 2016 White House bids. Romney said he would “hope” that he’d be a better candidate if he ran a third time. Paul Ryan, told Hewitt in an interview Monday that he would welcome a repeat bid by Romney. Romney has raised eyebrows with a nationwide travel and fundraising schedule on behalf of Republicans this fall, an effort Romney confidants say was born out of his desire to thank Republicans for supporting him in 2012–not in an attempt to earn their backing for 2016.
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