{"id":1959,"date":"2021-06-24T19:38:25","date_gmt":"2021-06-24T17:38:25","guid":{"rendered":"http:\/\/costops.com\/index.php\/2021\/06\/24\/billionaire-peter-thiel-amasses-5bn-tax-free-nest-egg-in-retirement-account\/"},"modified":"2021-06-24T19:38:25","modified_gmt":"2021-06-24T17:38:25","slug":"billionaire-peter-thiel-amasses-5bn-tax-free-nest-egg-in-retirement-account","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2021\/06\/24\/billionaire-peter-thiel-amasses-5bn-tax-free-nest-egg-in-retirement-account\/","title":{"rendered":"Billionaire Peter Thiel amasses $5bn tax-free nest egg in retirement account"},"content":{"rendered":"<p>\u2022  ProPublica reveals files on other billionaires\u2019 tax-free savings<br \/>\u2022 Roth IRAs were originally intended for middle-class Americans<\/p>\n<p>Billionaire Peter Thiel, one of the founders of PayPal, has used a retirement account designed to help ordinary Americans save for their golden years to amass a $5bn tax-free nest egg, according to <a href=\"https:\/\/www.propublica.org\/article\/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank\">records obtained by ProPublica.<\/a><\/p>\n<p>Thiel, a vocal opponent of higher taxes, is one of a number of ultra-rich Americans to use a Roth individual retirement account (IRA) to amass a tax-free fortune.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2021\/jun\/24\/billionaire-peter-thiel-5bn-tax-free-savings\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/b4662cdc404055b9003e52408baaef823d0da333\/0_139_5904_3542\/master\/5904.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=b9740d98b3014a59328d6b95813e7d88\" title=\"Billionaire Peter Thiel amasses $5bn tax-free nest egg in retirement account\" \/>\u2022  ProPublica reveals files on other billionaires\u2019 tax-free savings\u2022 Roth IRAs were originally intended for middle-class Americans<br \/>\nBillionaire Peter Thiel, one of the founders of PayPal, has used a retirement account designed to help ordinary Americans save for their golden years to amass a $5bn tax-free nest egg, according to records obtained by ProPublica.<br \/>\nThiel, a vocal opponent of higher taxes, is one of a number of ultra-rich Americans to use a Roth individual retirement account (IRA) to amass a tax-free fortune. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2022 ProPublica reveals files on other billionaires\u2019 tax-free savings\u2022 Roth IRAs were originally intended for middle-class Americans Billionaire Peter Thiel, one of the founders of PayPal, has used a retirement account designed to help ordinary Americans save for their golden years to amass a $5bn tax-free nest egg, according to records obtained by ProPublica. Thiel, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2021\/06\/24\/billionaire-peter-thiel-amasses-5bn-tax-free-nest-egg-in-retirement-account\/\"> <span class=\"screen-reader-text\">Billionaire Peter Thiel amasses $5bn tax-free nest egg in retirement account<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":1960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/1959"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=1959"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/1959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/1960"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=1959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=1959"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=1959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}