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Originally Posted by janmcn
So looking forward to hearing Mitt Romney explain how his $180,000 in contributions to his IRA, $6000 maximum amount allowed for 30 years, is now worth between 20 and 100 million dollars, and how he has been sheltering this money in a tax free account all these years.
Hopefully, this investigation will be fast-tracked so that we can hear Romney's explanation before the election. Perhaps it's time for republicans to think about nominating another candidate.
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For general information, it is possible to roll over funds from other retirement accounts to an IRA without violating the contribution limit. It is also possible to have shares of your company stock in a retirement account and if the company does well the value of your IRA stock can also do well. Just think of how some of the internet companies have done in the past few years.