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A comment on Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank. Parent comment

Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by choppaface on Thursday June 24, 2021 @08:14PM (#27625588)
Perhaps disqualify accredited investors from ROTHs? Or make it convert if the holder makes so much $$ they become an accredited investor.

Or if the individual has paid AMT or less than 20% average tax through age 59.5 then tax all withdraws as ordinary income.

[ Parent | on HN ]
Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by kybernetikos on Saturday June 26, 2021 @03:39AM (#27639961)
I believe that in some countries the equivalent to a Roth is limited to exchange traded companies and relatively low risk funds and bonds. If the intention is for normal people to save for retirement this makes sense to me.
[ Parent | on HN ]