Gold Is Trading Around $4,140 an Ounce. He Sells $100,000 at 67 Instead of Taking More From His IRA, and the IRS Can Tax the Gain at Up to 28%

The article examines how a 67-year-old could raise $100,000 alongside Social Security needs by either withdrawing from a traditional IRA or selling physical gold, with current gold prices trading around $4,140 an ounce. It highlights two tax complications: the IRS taxes physical gold as a collectible, potentially up to 28% on long-term gains, and capital gains can also make more Social Security benefits taxable. Using an example where gold cost $60,000 and sells for $100,000, the long-term taxable gain is $40,000. The piece also illustrates how adding IRA withdrawals can push taxable Social Security toward the 85% cap, depending on income thresholds not adjusted for inflation.