I received my 2019 RMD today - what 3-4 coins should I buy for $30K?

Comments

• 291fifth Posts: 24,742 ✭✭✭✭✭

  March 6, 2019 2:33PM

  If you have no firm objective don't buy anything. Don't let the money tempt you to make purchases you may regret in the near future.

  All glory is fleeting.

  3
• Hemispherical Posts: 9,370 ✭✭✭✭✭

  March 6, 2019 2:45PM

  Your RMD, as in, required minimum distribution is 30K? Congrats on that! Sorry side tracked...

  Love the Flowing Hair!

  2
• KollectorKing Posts: 4,820 ✭✭✭✭✭

  March 6, 2019 2:47PM

  @Hemispherical said:
  Your RMD, as in, required minimum distribution is 30K? Congrats on that! Sorry side tracked...

  Love the Flowing Hair!

  Yeah amzn was good to me

  2
• DIMEMAN Posts: 22,403 ✭✭✭✭✭

  March 6, 2019 3:21PM

  WOW.....I wish I had 30K that I had to spend! It would be sooooooo easy for me to pick out the coins!!

  1
• Timbuk3 Posts: 11,658 ✭✭✭✭✭

  March 6, 2019 3:26PM

  Bank it for now and take your time looking for something that you really like. Congratulations and good luck !!!

  Timbuk3

  2
• BAJJERFAN Posts: 31,417 ✭✭✭✭✭

  March 6, 2019 4:19PM

  It's taxable too. I would not take it all so early in the year unless I had a bunch of other money. As long as one has to pay the tax anyway, I'd convert it into a Roth IRA.

  theknowitalltroll;

  1
• grip Posts: 9,962 ✭✭✭✭✭

  March 6, 2019 4:35PM

  @BAJJERFAN said:
  It's taxable too. I would not take it all so early in the year unless I had a bunch of other money. As long as one has to pay the tax anyway, I'd convert it into a Roth IRA.

  This,good advice.

  0
• BAJJERFAN Posts: 31,417 ✭✭✭✭✭

  March 6, 2019 5:59PM

  @grip said:

  @BAJJERFAN said:
  It's taxable too. I would not take it all so early in the year unless I had a bunch of other money. As long as one has to pay the tax anyway, I'd convert it into a Roth IRA.

  This,good advice.

  Also when withdrawing from a tax-deferred IRA, you have 60 days to reverse the withdrawal and you can only do it once. At this time and at my age, I don't think I'd blow my wad on coins, but to each their own.

  theknowitalltroll;

  0
• planetsteve Posts: 1,425 ✭✭✭✭

  March 6, 2019 6:17PM

  Okay. I've glanced over the last discussions you've started @KollectorKing, thought about what I would want that you also seem to like, then looked things over at Legend, and here's what I recommend:

  • A nice Barber half or quarter type in MS66 with beautiful, original toning
  • A $10 Indian in MS66+. That's half your budget, I admit, but hey. Opportunity knocks loud, etc.
  • An MS66 1875-CC Trade $. (Oops, that coin alone is actually your entire budget, but still, this is just RMD money! )

  Anyway, I hope you find something cool that makes you happy because you've done well. (And for god sakes don't put it back in the market. These guys here are trying to ruin your life! )

  2
• Mdcoincollector2003 Posts: 665 ✭✭✭✭✭

  March 6, 2019 6:41PM

  Buy a quarter eagle for a young collector such as me. 😉

  1