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Saw this ad..
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http://www.clubcobra.com/forums/all-cobra-talk/123242-saw-ad.html)
| mikiec |
10-23-2013 09:19 AM |
Saw this ad..
1965 AC Cobra (CSX 2414) White with red interior. Probably the finest original Cobra in existence... only 10,042 original miles. Original spare. Original radio, top and side curtains. Original window stickers. $85,000.00
Call Mark Smith at Old Philadelphia Motor Co.
This ad was listed in Car Collector and car classics magazine. Date May 1987.
Mike
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| Nedsel |
10-23-2013 09:48 AM |
That same car was displayed at the 2012 Pebble Beach Concours - and it's nice.
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| phattyhales |
10-23-2013 02:23 PM |
Um, your link goes to a Cobra pin not a car...
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| lcrabtree |
10-23-2013 03:54 PM |
Not his link, VigLink.
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| phattyhales |
10-23-2013 04:28 PM |
I see that now. I've never noticed those before I guess...
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| rpatton3 |
10-23-2013 11:04 PM |
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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| Mark IV |
10-24-2013 04:09 AM |
Quote:
Originally Posted by rpatton3
(Post 1269073)
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) 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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I do believe Mr. Southard became a "ward of the state" due to several issues if I recall correctly, but I may be mixing him with Larry Megabow who for sure was incarcerated. |
| rpatton3 |
11-02-2013 10:37 PM |
It is very hard to put rental property, collectibles and art in any retirement plan.
Russell Patton, CPA, CFP (tm)
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| Nedsel |
11-02-2013 11:11 PM |
Quote:
Originally Posted by Mark IV
(Post 1269094)
I do believe Mr. Southard became a "ward of the state" due to several issues if I recall correctly, but I may be mixing him with Larry Megabow who for sure was incarcerated.
|
You are correct - both spent time as guests of the government in the big house. |
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