The Pitfalls of Self-Directed Roth IRAs
Tech mogul Peter Thiel made headlines in June after revealing he has $5 billion saved in a Roth IRA that he’ll never have to pay taxes on in retirement, and he did it in a rather unorthodox way. It’s unrealistic for an average person to amass that kind of wealth in IRAs, and more importantly, they should understand there’s a lot of risk in trying to follow his model.
