The Secret Behind Romney’s Magical IRA
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July 16 (Bloomberg) -- The most mysterious of theunexplained mysteries about Mitt Romney’s considerable wealth ishow he was able to amass between $21 million and $102 million inhis individual retirement account during the 15 years he was atBain Capital LLC.
How did he do it, given the relatively small amounts thatthe law permits to be contributed to such a plan on an annualbasis? Romney has not explained this conundrum, and seeing as hewants to become president, he would be wise to start talking --if for no other reason than there might be many Americans whowould like to emulate what he did.