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Shelbyville, Illinois | I read an article in TopProducer magazine about retirement funding. He appears to claim you can put grain directly into a retirement fund without counting it as income and it can be funded up to $250,000 per person.
http://www.agweb.com/TopProducer/Article.aspx?id=149500
There was also an interview with the source of the article at:
http://www.agweb.com/TopProducer/Article.aspx?ID=150156
Is this for real? I talked with the broker who handles my IRA about his. He read the article and told me it must be based on a theoretical loophole that had never been tested in tax court. The last thing I want to do is to even talk with the IRS.
Does anyone do anything similar to this? | |
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Retire on Grain
