Ask HN: What was the process Theil used to put his PayPal stock in a Roth I'm curious as to how pay pal stock was put into an Roth IRA at such an early stage. Who hosted the IRA? Was the company public at the time? |
Ask HN: What was the process Theil used to put his PayPal stock in a Roth I'm curious as to how pay pal stock was put into an Roth IRA at such an early stage. Who hosted the IRA? Was the company public at the time? |
As far as I know, this is still a viable tax strategy, but most people will have extreme difficulty finding opportunities to invest in extremely early stage companies and must be accredited investors.
The legislation would also disallow IRA investments that require owners to be accredited investors.[1]
[1] https://www.cnbc.com/2021/09/13/house-democrats-propose-new-...
$2000 of pre-IPO shares costing less than a penny each into $5 billion