Quote:
Originally Posted by skeet
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There are a million questions I have. Are you doing this because you think you need to financially? If so, then that is a question you really need to sit down and think about. If you need the money or think you will need to set up an account to take care of your wife should you pass on, then you have to do what you have to do.
If it isn't a matter of money, then just do what feels right to you and makes you happy. If I were in your shoes, I wouldn't be selling anything if I didn't need the money. I just have a hard time parting with guns and bikes because of nostalgia. If I NEEDED the money, then I would be selling them all. It would also depend on what the NEED is. If it was just to buy other guns, then I wouldn't sell them. If it was to afford a surgery for a loved one, then they would all go. As far as retirement funds are concerned, you are right, $100,000 nowadays is nothing. My wife and I have $250,000 in retirement funds right now at 39 and 33 years of age and I am shooting for $3,000,000 by the time we retire in our 60's. My mom says that will be WAY too much money, but I think she is wrong. Me, I would rather err on the side of having saved too much versus having saved too little and having to work until I am 80.
Also, what is all this talk about taking care of your wife when you pass on? You aren't that old, even if you shoot like an old man. You are way younger than my dad and he isn't the least bit worried about all this stuff.
Now, if you are looking at this from an investment standpoint in that the guns aren't really appreciating much anymore and you would like a better return on your investment, exactly where are you going to get that return on investment? Remember, you are at an age, while not too old, it is old enough that risky investments will be off the table and you will be looking at stuff like corporate bonds and government bonds, or at least you should be adverse to financial risk at your age.
It all comes down to how you view those guns (e.g., nostalgia, investments, tools) and how badly you NEED the money.