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Why would excluding private shares be too broad? What portion of non-super-rich IRA's do you think have private shares in them? Probably approaching zero, right
by jrochkind1 5y ago
Why would excluding private shares be too broad? What portion of non-super-rich IRA's do you think have private shares in them? Probably approaching zero, right? Do people really need private shares to be able to set up retirement accounts? People can buy private shares when they have access to do so, they just can't use their IRA for it.
- cinntaile 5y agoI don't have any experience with the US tax system but where I live we have certain accounts that exclude private shares (and many other things). The main problem is valuing these shares correctly and if this can be done in an appropriate way I think it makes sense to not exclude them. For example... Private shares can be traded and are sometimes relatively liquid even though they're not public, in that case the trading price should be pretty representative of its real value.