Collect $5 billion. Do not pay taxes.

The Roth IRA was invented by Congress to incentivize middle-class retirement savings. ProPublica’s Justin Elliott explains how venture capitalist Peter Thiel ended up with $5 billion in his. Transcript at vox.com/todayexplained. Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Today, Explained is Vox's daily news explainer podcast. Hosts Sean Rameswaram and Noel King will guide you through the most important stories of the day. Part of the Vox Media Podcast Network.