Taking money out of retirement funds to purchase cards

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#11

09-14-2022, 08:35 AM

raulus

Nicol0 Pin.oli

Join Date: May 2022

Posts: 3,027

Quote:

Originally Posted by rats60

If you had invested 50k in a 1952 Topps Mantle 31 years ago, you could have 12 million dollars today. If your are happy with 10x in 30 years instead of 200x or more, that is your choice. I think retirement with ~10 million would be a lot more enjoyable than one with 500k.

Here�s the thing- after taxes and auction fees, that seller only netted about $6M.

Basically half of the $12M+ that it sold for.

The taxes and auction fees will eat so much of your financial returns that if this is your approach to retirement, your returns will have to be astronomical to overcome those financial drags.

__________________
Trying to wrap up my master mays set, with just a few left:

1968 American Oil left side
1971 Bazooka numbered complete panel

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