(11-01-2021, 09:10 AM)The Real Marty Wrote:

(11-01-2021, 09:00 AM)StroudCrowd1 Wrote: Well that is good for him, but clearly an outlier, and I think he should keep every dime of it and never be threatened with paying taxes on a Roth IRA because that is sort of the agreement when you set it up.

Sure, but I still don't understand your statement,  "Anyone with that net worth isn't dumb enough to keep their assets in an IRA."  Why would you say that?  

The problem I see is getting large assets into an IRA, due to the contribution limits.  But if you can get large assets into an IRA, or grow small assets to large size in an IRA, particularly a Roth IRA, I don't see why one wouldn't want to do that.  Why did you say that?  

I am just saying for the vast majority of investors,  it is very  uncommon to be able to accumulate a massive balance in an IRA and particularly a Roth without getting lucky with stocks and being smart enough to use the conversion process to their financial advantage. 

Maybe dumb was harsh, but I was just implying most people with wealth like that don't have the majority of that wealth in IRAs.

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