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05.27.2005

Buying Wine For Retirement

Leave it to the practical minded Brits to come up with this one. According to a new United Kingdom law, a portion of an individuals retirement savings can now be invested in fine wine. Not only that, but adding a case of your favorite vintage Bordeaux will come with a 40% tax savings on any gains when the wine is sold.

My favorite quote from the article: "converting a case of Latour 1961, say, from a pension asset to a wine to drink may well be complicated."

Investing in wine is something I've toyed with, not as a way to make serious money, but as an educational experience, how fun would it be to save for retirement that way!

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Required Reading for Wine Lovers

The Oxford Companion to Wine by Jancis Robinson The Taste of Wine by Emile Peynaud Adventures on the Wine Route by Kermit Lynch Love By the Glass by Dorothy Gaiter & John Brecher Noble Rot by William Echikson The Science of Wine by Jamie Goode The Judgement of Paris by George Taber The Wine Bible by Karen MacNeil The Botanist and the Vintner by Christy Campbell The Emperor of Wine by Elin McCoy The World Atlas of Wine by Hugh Johnson The World's Greatest Wine Estates by Robert M. Parker, Jr.