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Political Discussion
Reply to "Romney's 100 mil ira"
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[quote=Anonymous][quote=Anonymous]if you say 5k a year for 10 years, roi is 114%. Bain was not giving those types of returns.[/quote]First it is Bain capital not Bain. Second in a business where 9 of 10 investments go south, and valuations of winners are infrequently updated, you can get outsized returns by putting expected winners in the tax protected account and expected losers in a taxable account to generate losses to deduct. Also in case no one has figured this out, you can Xfer your 401k and other retirement assets to an Ira when you leave a company. So that Ira may encompass far more than annual contributions. [/quote]
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