3 Lessons You Can Learn from Peter Thiel's $5 Billion Roth IRA
Peter Thiel's $5 billion Roth IRA fortune is probably one of the hottest retirement topics of the summer.
The Silicon Valley titan reportedly tucked money away in a Roth IRA to accumulate 1.7 million shares of PayPal Holdings (a company he co-founded) in 1999, according to data released by ProPublica. His $1,700 initial investment was worth $3.8 million a year later. Now, he's sitting on a $5 billion windfall that will be 100% tax-free if he doesn't touch the money until after he turns 59 1/2.
Although accumulating a billion-dollar Roth IRA windfall is probably out of reach for the average person, it's still a perfect time to take a deep dive into Roth IRAs and determine how you can supersize your portfolio. Here are three lessons that you can take away from Thiel's Roth IRA investments.
Source Fool.com
