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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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Comments (1)

Chris wrote:
05.27.05 at 11:33 AM

Considering the current costs of highly rated reds from California, France and Italy, I like this idea. In fact, I have collected long-hold wines from 97 (wedding year)and am building a small surplus of 2003 Bordeaux (birth year of my first born) assuming that purchasing a wine of that age and quality well down the road will cost two arms and one leg...How am I supposed to drink in that condition. Remember the release price of a 1986 Margaux? Some of these wines have increased by a factor of 10 or more. That would put my 2003 Cos D'Estournel at around $1,500 per bottle. If I don't buy now, a sentimental gesture of bring out a '03 at my daughters wedding in 25 years or a '97 for my 30th Wedding Anniversary would break me!

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