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Roth IRAs are only supposed to be able to purchase publicly tradeable stocks. It will be interesting whether this is investigated because buying founder shares
by prepend 4y ago
Roth IRAs are only supposed to be able to purchase publicly tradeable stocks. It will be interesting whether this is investigated because buying founder shares for a penny with your $5k/year limit is not supposed to be allowed.
It’s more interesting the people who actually publicly traded with their small inputs and now have millions per year that they can withdraw tax free.
- astura 4y ago>Roth IRAs are only supposed to be able to purchase publicly tradeable stocks. False, I have no idea where you got that impression- self directed IRAs exist. I actually have one. https://en.wikipedia.org/wiki/Self-directed_IRA https://en.wikipedia.org/wiki/Self-directed_IRA
- sokoloff 4y ago> Roth IRAs are only supposed to be able to purchase publicly tradeable stocks. Citation needed. Investopedia (and the widespread and open existence of self-directed IRAs) disagrees with your claim. https://www.investopedia.com/articles/retirement/11/impermissable-retirement-investments.asp https://www.investopedia.com/articles/retirement/11/impermis...
- ramraj07 4y agoAs Bill Burr said, “a few decades back you could legally bust your wife’s jaws open”. There’s “it’s legal” vs. “it’s the right thing”
- jandrewrogers 4y ago> Roth IRAs are only supposed to be able to purchase publicly tradeable stocks. This is false. A very wide range of investments are allowed, including real estate and derivatives.