Thread by @APompliano

Peter Thiel allegedly built a $90+ million tax-free Roth IRA.

The crazy part? The maximum amount you're allowed to contribute to a Roth is $6,000 per year.

Time for a thread 👇👇👇

1/ Peter Thiel is a self-made billionaire famous for co-founding PayPal, Palantir, and Founders Fund.

He was also the first outside investor in Facebook, which has led to a net worth reported to be around $5.7 billion.

2/ Thiel is 53 years old, assuming he's been maxing out his Roth since he was 18, the maximum amount he could have contributed is $210,000.

So how did he earn more than 23,000% return on his retirement account?

3/ First, it is important to understand that when you trade within an IRA, your gains aren't considered to be realized so you don't have to pay any capital gains taxes.

This allowed Thiel to move his money around without having to pay 20%+ to the government.

4/ One caveat is most IRAs only allow you to invest in 'traditional' assets such as ETFs, mutual funds, stocks, etc.

So Thiel used a self-directed Roth IRA that enabled him to buy shares in PayPal and Facebook with his retirement savings BEFORE they went public.

5/ The best part is that because contributions to a Roth IRA are made with post-tax dollars, Thiel doesn't have to pay any taxes on the money he withdraws as long as he waits until he is 59 and 1/2.

North of $94,000,000 in gains, $0 in taxes 🤯

6/ While you have to be an accredited investor like Thiel to invest in non-public companies, you can also invest in #bitcoin within a self-directed IRA 👀

Imagine how much Thiel's $95M would be worth if he had put it into Bitcoin last March.

7/ @choicebykt is a self-directed IRA that enables you to own BTC, other cryptocurrencies, alternative assets, and legacy assets (stocks, bonds, ETFs) in one account.

You can turn your BTC gains into $TSLA and back into BTC without paying a dime in capital gains taxes.

8/ If you're a hodler and believe in the long-term value of bitcoin, you're leaving money on the table hodling outside of a retirement account.

@choicebykt is the easiest way to change that.

9/ To summarize:

1. You don't have to pay capital gains taxes if you trade in an IRA

2. If you HODL long enough, you don't have to pay tax when you withdraw from a Roth IRA

3. @choicebykt is the simplest way to open a self-directed Roth IRA that lets you buy real bitcoin.

Oh, and @choicebykt also lets you hold your private keys.

That is why I am not only a user of the product for my own IRA, but Choice became a podcast sponsor a few months ago to spread the word about this great wealth hack.

So what are you waiting for?
retirewithchoice.com/pomp