Mitt Romney's $100 Million IRA Could Trigger Massive RMDs. Here's How the Ultra-Wealthy Legally Shrink the Tax Bill.

Mitt Romney's $100 Million IRA Could Trigger Massive RMDs. Here's How the Ultra-Wealthy Legally Shrink the Tax Bill.

A nine-figure IRA sounds like a dream until mandatory withdrawals start forcing out millions in ordinary income every single year. The tax code offers legal escape routes, and the strategies work at almost any account size.

Mitt Romney’s $100 Million IRA Could Trigger Massive RMDs. Here’s How the Ultra-Wealthy Legally Shrink the Tax Bill

The post Mitt Romney’s $100 Million IRA Could Trigger Massive RMDs. Here’s How the Ultra-Wealthy Legally Shrink the Tax Bill. appeared first on 24/7 Wall St.. Mitt Romney’s individual retirement account was reportedly worth between $20 million and $101.6 million during his 2012 presidential…