Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Strategies on when to Sell
>
Reply to Thread
Message:
<p>[QUOTE="Clawcoins, post: 2801321, member: 77814"]I don't think selling PMs is like a retirement account.</p><p>If you don't pay off that retirement account loan or cash out, then you are hit with heavy taxes as you get a penalty and then have to pay taxes on that pre-tax retirement account (401k vs Roth & age differentiations).</p><p><br /></p><p>I don't see those heavy taxes with selling PMs.</p><p><br /></p><p>I do see buying into PMs are a mental thing for wealth storage though.</p><p>You could technically buy back into PMs at a later date at or below your current selling cost.</p><p><br /></p><p>But I do disagree on selling valued assets to pay off types of debt unless you absolutely have to.</p><p><br /></p><p>Of course, if you bought *more* PMs instead of paying down debt with that extra $$ .. that's something else entirely. Or if you bought PMs using debt .... ugh.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 2801321, member: 77814"]I don't think selling PMs is like a retirement account. If you don't pay off that retirement account loan or cash out, then you are hit with heavy taxes as you get a penalty and then have to pay taxes on that pre-tax retirement account (401k vs Roth & age differentiations). I don't see those heavy taxes with selling PMs. I do see buying into PMs are a mental thing for wealth storage though. You could technically buy back into PMs at a later date at or below your current selling cost. But I do disagree on selling valued assets to pay off types of debt unless you absolutely have to. Of course, if you bought *more* PMs instead of paying down debt with that extra $$ .. that's something else entirely. Or if you bought PMs using debt .... ugh.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Strategies on when to Sell
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...