He Bought a $50,000 Baseball Card Through His IRA. The IRS Called It a Withdrawal and Taxed More of His Social Security.
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The post He Bought a $50,000 Baseball Card Through His IRA. The IRS Called It a Withdrawal and Taxed More of His Social Security. appeared first on 24/7 Wall St..
A retiree in his late sixties spent decades building a self-directed traditional IRA. He loves baseball, follows the vintage card market, and reads that a graded rookie card just sold at auction for six figures. His custodian lets him hold real estate and private notes inside the account, so he assumes a $50,000 card purchase is just a
A retiree in his late sixties spent decades building a self-directed traditional IRA. He loves baseball, follows the vintage card market, and reads that a graded rookie card just sold at auction for six figures. His custodian lets him hold real estate and private notes inside the account, so he assumes a $50,000 card purchase is just a
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