If Peter Thiel's $5BN Roth makes him The Lord of the Roths, William Roth is the Rothfather.
Today would have been William Roth's 100th birthday. In 1998, he created the ultimate (tax-free) 3rd stack for future bitcoiners -- the Roth IRA.
Today would have been William Roth's 100th birthday. In 1998, he created the ultimate (tax-free) 3rd stack for future bitcoiners -- the Roth IRA.
2/ The former US Senator believed that if you work hard, save, and invest you should keep more of your hard-earned money.
So he pushed until we got an account from which US citizens can invest, tax-free; an incredibly powerful investing tool - and an incredible way to HODL.
So he pushed until we got an account from which US citizens can invest, tax-free; an incredibly powerful investing tool - and an incredible way to HODL.
3/ So powerful that Investing legend Peter Thiel was recently highlighted for (legally) accumulating a $5 billion tax-free Roth IRA.
Thread on how he did it here:
Thread on how he did it here:
https://twitter.com/APompliano/status/1366188811303141379
4/ But not everyone has Thiel's access. And most legacy retirement accounts limit you to a handful of cookie-cutter funds.
That's why @choicebykt is building a retirement account for bitcoiners, and turning the Roth IRA into the ultimate Third Stack.
That's why @choicebykt is building a retirement account for bitcoiners, and turning the Roth IRA into the ultimate Third Stack.
5/ And since 60% of Americans don't have investments outside of their retirement accounts, that means they are opening up access to #bitcoin for 198 million Americans.
This is why I’ve worked with them for so long.
This is why I’ve worked with them for so long.
6/ The same way Thiel was able to invest in PayPal and Facebook, @choicebykt lets you buy bitcoin, crypto, and 1000+ other assets.
So while you may already own bitcoin on an exchange and have your own keys, buying & holding within a Roth IRA gives you a tax-free Third Stack.
So while you may already own bitcoin on an exchange and have your own keys, buying & holding within a Roth IRA gives you a tax-free Third Stack.
7/ @choicebykt just launched their iOS app and is giving away $50 in free BTC daily to the first 500 users.
Head over to choiceapp.io/?kid=1KYJYB to join the list, and a chance to get a $50 head start on your Third Stack.
Head over to choiceapp.io/?kid=1KYJYB to join the list, and a chance to get a $50 head start on your Third Stack.
8/ For those of you not familiar with Roths:
A Roth IRA is a type of retirement account that enables you to invest tax-free. That's right, as long as you wait until you're 59½ to withdraw the money, you will never pay a penny in taxes on the money in your Roth.
A Roth IRA is a type of retirement account that enables you to invest tax-free. That's right, as long as you wait until you're 59½ to withdraw the money, you will never pay a penny in taxes on the money in your Roth.
9/ And because the Roth is such a powerful investing tool, there are limits & restrictions:
- You have to have 'earned income' to be eligible
- If you're single, you have to make less than $125k annually
- Most people are only eligible to contribute $6,000 per year (DYOR)
- You have to have 'earned income' to be eligible
- If you're single, you have to make less than $125k annually
- Most people are only eligible to contribute $6,000 per year (DYOR)
10/ So Happy 100th Birthday William Roth, and congrats on giving us the ultimate way to HODL
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