Medallion fund employees pull off the ultimate ROTH IRA conversion

[HeadedWest2029]

In short: They terminated the 401(k) for employees --> moved them into rollover IRA --> then converted the money to a ROTH invested in the storied Medallion fund (paying taxes in the process) where it has seen astronomical compound growth to the tune of 80% annualized (before fees)

https://www.investmentnews.com/article/20190201/FREE/190209998/hedge-fund-creates-the-ultimate-tax-free-ira-for-employees

And because the ROTH doesn't require distributions they can pass it along to their heirs.