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05-24-2011, 10:19 AM
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#4 |
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User
Join Date: Dec 2006
Location: Culpeper, Va.
Posts: 279
Thanks: 0
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An IRA or 401k is taxed. If he sells his collection after retiring, lets say 20 a year, it is tax free income that wouldn't need to be reported. Excluding gun businesses, does anyone here report the money made when a gun is sold?
I can see advantages and disadvantages in his thinking. It is not something I would do. Diversification is the safest way.
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