Big Ben - 11/28/2025 21:02
Boone & Crockett - 11/28/2025 17:32
Badger - 11/28/2025 18:31
I would rather have silver or land instead of cash. The American Dollar has lost over 50% of value the last 4 years. Keep enough cash to pay the current bills. What bothers me is I have to use AFTER TAX money to invest, Then the Government wants almost 30% of the difference that they have destroyed the value of the money difference because Gold is not any different than when it was $25 a ounce , but now it takes $4200 inflated dollars to buy because government just prints more money devaluing the Dollar causing larger tax bills. Government LOVES inflation because they get more money because of the larger amounts changing hands
No you do not need use after tax money to invest.[/
How do you buy land or silver with before tax money?
self directed IRA. Opens up a plethora of investment choices that are not available anywhere else in the qualified plan arena. It’s rather amazing really, the list of prohibited investments is pretty short. Mainly the IRS scrutinizes personal use. You are limited to other IRS qualified plan annual contributions though. No limits on a rollover. Although a completely different animal, if he wants a one and done deal sheltering the whole thing from federal in one fell swoop, a charitable remainder trust will accomplish just that. It will also shelter from federal and state estate tax. It may or may not avoid state capital gains, varies from state to state. The annual income produced from the trust will be taxable, nothing short of outright gift to charity will completely avoid all forms of tax.
(I can accomplish sheltering the sale or the income from taxation, but not both
). I stated above wouldn’t work for his situation. That was before the OP gave a much longer timeframe than initially indicated. It takes time to get these instruments in place. My assumption was this was gonna happen before year end. You don’t just make a call and snap your fingers and it’s done.
It’s been a while since I looked at a self directed Ira for land but as I recall it isn’t ideal. If memory serves, you can’t farm the land yourself if has to be a nonrelated party and you are required to have the land appraised annually amongst other drawbacks.
Can you 1031 silver to land?
