To have $1 millon in your IRA, it takes some skill. To have $102 million IRA as Mitt Romney has, it really takes someone special. âThe assertion that he broke no laws is widely accepted. But it is worth asking if it is actually true. The answer, in fact, isnât straightforward.â Shaxson details Romneyâs stake in a series of inscrutable offshore corporations, one of which, Sankaty High Yield Asset Investors Ltd, is particularly hard to decipher, partly because it was absent from several Romney financial disclosures before he finally disclosed it in his 2010 tax return. And the blind trust that the Romney camp cites to deflect questions about potential conflicts of interest? It invested $10 million in a hedge fund co-founded by Tagg Romney. The trustee, Romneyâs personal lawyer R Bradford Malt (yes, thatâs his actual name), explains his investing philosophy by saying that he âliked Solamere because of its diversified approach and because he knew the foundersâ. There are also a now-closed Swiss bank account and continued interest in at least a dozen Cayman Islands-based Bain funds. Those funds form a large portion of Romneyâs multimillion-dollar IRA. How could the IRA have grown to as much as $102 million if the maximum annual contributions were normally just $2,000? Probably by putting artificially low valuations on the securities the Romneys put into their tax-free retirement accounts in the first instance.