By Joseph Tanfani - December 25, 2014 When Jeb Bush completed two terms as governor of Florida in 2007, he reported his net worth at $1.3 million, about $700,000 less than when he took office. Today, nearly eight years later, he is a wealthier man. He has plunged into business and entrepreneurial ventures involving consulting, … Continue reading Los Angeles Times – Jeb Bush Eases Out of Some Businesses, such as firm helped by Obamacare
Tag: 2014
In 2012 I reviewed Mitt Romney's IRA for Mark Maremont of the Wall St. Journal, explaining the mechanics regarding how he amassed $100 million in this tax deferred account. This and related follow up stories in other publications after Maremont broke the story prompted the Senate Finance Committee to commission the Government Accounting Office (GAO) … Continue reading Creating Large IRA Balances by Manipulating Stock Values, Example YELP, Par Value .000001
By Margaret Collins and Richard Rubin - September 17, 2014 If it seems impossible to amass a fortune in an IRA during your lifetime, think again. The Government Accountability Office reported yesterday that about 9,000 U.S. taxpayers have each accumulated at least $5 million in individual retirement accounts. While the GAO didn’t say how they managed to … Continue reading Bloomberg – How to Join 9,000 U.S. Taxpayers With Romney-Sized IRAs
By Brent Hunsberger - August 30, 2014 I recently looked inside Intel’s workplace retirement fund. My logic board just about locked up. Intel Corp. is Oregon's largest private employer and, as a result, carries a big burden. Nearly 18,000 employees in the state rely heavily on the company's three retirement plans to ensure they will … Continue reading The Oregonian – What’s inside Intel’s retirement plans? Hedge funds. Lots of ’em.