10-23-2013, 11:04 PM
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CC Member
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Join Date: Jan 2009
Location: Jonesboro,
AR
Cobra Make, Engine: Backdraft 874 solid red Roush 427 small block 515 hp
Posts: 572
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Not Ranked
Years ago, there was a guy that was a financial planner and retirement guru who found a loophole in retirement plans. I was not a CPA or CFP(tm) then and I think it was a Keogh plan.
A real Cobra was $50,000 then. The guy was Jim Southard. I wonder if anybody has any knowledge of how the IRS viewed the deal.
He used to have big ads in Hemmings in the early 70's.
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Last edited by rpatton3; 11-02-2013 at 10:30 PM..
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