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

KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭
in U.S. Coin Forum

B)

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    291fifth291fifth Posts: 25,238 ✭✭✭✭✭

    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.
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    HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

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

    Love the Flowing Hair!

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    KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭

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

    Love the Flowing Hair!

    Yeah amzn was good to me :D

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    DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

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

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    Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

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

    Timbuk3
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    BAJJERFANBAJJERFAN Posts: 31,690 ✭✭✭✭✭

    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;
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    gripgrip Posts: 9,962 ✭✭✭✭✭

    @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.

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    BAJJERFANBAJJERFAN Posts: 31,690 ✭✭✭✭✭

    @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;
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    planetsteveplanetsteve Posts: 1,425 ✭✭✭✭

    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! o:):D )

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    Mdcoincollector2003Mdcoincollector2003 Posts: 665 ✭✭✭✭✭

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

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