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  • Enbridge Vs. Transcanada [View article]
    "You continue to abuse the language" That doesn't make sense but at least you're succinct unlike say, Sarah Palin at the big right wing conflab in Iowa the other night. Good luck to you as well.
    Jan 26, 2015. 09:56 AM | Likes Like |Link to Comment
  • Enbridge Vs. Transcanada [View article]
    Rest assurred I am familiar with the basic purpose of the corporate form of business operation that being limited liability. The huge risk, I concede that is a relative term, is that of theoretically losing up to 100% of one's investment due to litigation, which if too successful for the defendant corporations bod to swallow, would cause them to seek bankruptcy protection. What you call "quite unusual events" are becoming progressively less unusual, the recent emission into the Yellowstone River, for example, was the second in recent years, their have also been, to say the least, significant ruptures in Arkansas and Michigan in recent years. I'm relying on memory for those cases, refuting you is not worth the effort of goggling, but of course your free to do so. I have no problem with lacking credibility with the obtuse since there's no way that describes 100% of SA readers. Do not presume to speak for anyone but yourself.
    Jan 24, 2015. 10:10 AM | Likes Like |Link to Comment
  • Enbridge Vs. Transcanada [View article]
    Anyone invested in any pipeline company is taking a huge risk in the form of corrosion of the pipeline over the course of decades. Not that this is only future tense since pipelines built as far back as the fifties are now spilling at an alarming rate, the as of this posting real time in the Yellowstone River only the latest example. The Keystone Pipeline will not become law on Obama's watch and while I'll demur on predicting the outcome of the 2016 election one safe prediction is the more than 100 landowners holding firm against settling with Transcanada will still be litigating when Obama is no longer President. Add to that the Canadian Tar Sands do not yield the cleanest oil in North America, now ex Senator Mary Landrieu notwithstanding, but the dirtiest oil on Earth. Would you want this sludge flowing through your town or county?
    Jan 23, 2015. 10:37 AM | Likes Like |Link to Comment
  • 9 Hot Healthcare Dividend Dogs Dog 12% To 46% December Upsides [View article]
    I've done well with Omega Healthcare (OHI) a REIT specializing in medical properties. Of course being a REIT it is better to hold in a tax advantaged plan than outside one.
    Jan 4, 2015. 12:31 PM | Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    Actually the law is you can withdraw your contributions without penalty provided the Roth account is no less than 5 years old starting January 1 the year you begin the account.
    Jan 3, 2015. 10:20 AM | Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    When you participate in a 401k you are not merely buying and holding you are dollar cost averaging as well which is pretty much the best thing most people do in the stock market.
    Jan 3, 2015. 09:56 AM | 1 Like Like |Link to Comment
  • Ditching The 401(k) [View article]
    You may disagree but I regard 25k, at least for a single person, as a moderate income and I wouldn't be so quick to disparage a moderate income persons chances of contributing "anything significant towards retirement." You've made no allowances for age and even with the insane costs of higher education these days and the continuing lagging of job growth there is still a chance, a grand from a 25 year old is a lot more significant than a grand from a 55 year old. On the other hand we've all heard stories of rock and sports stars, lottery winners and upper class wastrels losing millions.
    Dec 30, 2014. 11:20 AM | 2 Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    Who is your source for the contention your employer has no fiduciary responsibility to review its 401k options, "Marge"? I have no deeper understanding of the law(s) regarding retirement plans than that of an interested layman but I'll bet you a lunch if you get into the weeds of the tax code you'd read of a different story.
    Dec 30, 2014. 10:54 AM | Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    "(I am not a tax expert)" Paul, at least that of your post is true. Any withdrawal, that is not a loan but a permanent withdrawal, in either a pre tax 401k (which I believe is how most are still structured) or a traditional IRA before the age of 59 1/2 will trigger a tax penalized event, that is taxed both at your regular bracket plus a 15% penalty. To transfer to a new account be sure to specify you want a direct transfer not a rollover. This may come off as eye rolling legal mumbo jumbo but a rollover means taking physical control of the outgoing funds via check which necessitates withholding and then paying the amount withheld to your new account before fileing your return or else, you guessed it, getting the shaft from the IRS. A Service Rep. with your new plan will be happy to help you with the logistics of avoiding that.
    Dec 29, 2014. 08:07 PM | Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    If you are truly secure in your job you don't have a big problem but it would be less risky to contribute enough to take advantage of your companies match, if any, and then put away as much as you can in a Roth. I'm not a professional financial advisor but I know of those that agree with me.
    Dec 29, 2014. 07:45 PM | 1 Like Like |Link to Comment
  • Ditching The 401(k) [View article]
    Once upon a time the defined benefit pensions and the 401k coexisted for employees of many companies which was a pretty square deal if the pension was well managed, the markets were good enough for the pensions to deliver on their promises and a company didn't take advantage of loopholes in the law to raid a pensions funds for its own purposes and in the case of 401ks an employee doesn't have 1 or more loans outstanding on it and gets a long term layoff notice or gets terminated, triggering a 15% penalty tax in addition to the regular taxes owed on the balance.
    And I hate to be the one to break it to you market gurus in this forum but most 401k participants are better off with a moderate degree of choices in their plans. Of course many employers do a poor job of vetting the choices they offer and educating employees on them.
    While I'm at it let me say that contrary to the pronouncement of a 3 time Presidential candidate, who in the interests of nonpartisanship I won't name, you should have a double dip or more, whatever you can manage. And contrary to the opinion that many on this forum no doubt hold, too much government interference is not part of the problem but too little is. Every industrialized nation with the exception of South Africa does a better job of providing health care for ts citizens than the USA, ditto for retirement security. American companies are thus forced to compete with legacy costs the rest of the industrialized does not have.
    Dec 29, 2014. 10:55 AM | 1 Like Like |Link to Comment
  • Digital Realty Trust: A Lot Has Changed In 18 Months For This High-Quality REIT [View article]
    Brad, YOU'RE FIRED (just kidding:-)
    Nov 23, 2014. 09:50 AM | Likes Like |Link to Comment
  • Retirement Strategy: The Politics That Could Affect Our Retirement Portfolios And Income [View article]
    Thank you for your spot on post. And let's indeed "leave the politics for political sites" except, of course, for yours and mine:-)
    Nov 15, 2014. 11:21 AM | Likes Like |Link to Comment
  • Retirement Strategy: The Politics That Could Affect Our Retirement Portfolios And Income [View article]
    Don't salivate so much over the anticipated death of Justice Ginsburg so much that you forget your table manners. She seems in good health for an eighty something and her mind is definitely still sharp. The Grim Reaper stalks us all and there's no telling who's seat will be vacant next. And please don't insult our intelligence by belaboring the fact that you stated no names. Your implication is, shall we say, perfectly, clear therefore my inference, besides being unavoidable, is spot on. That's my story and I'm sticking to it.
    Nov 15, 2014. 10:51 AM | 2 Likes Like |Link to Comment
  • Retirement Strategy: The Politics That Could Affect Our Retirement Portfolios And Income [View article]
    Take it from an old timer, the market as a whole did well in 1986 for various reasons then tanked the next year. Perhaps as a 5 year old you picked up on the anxiety adults felt at that time.
    Nov 10, 2014. 10:44 AM | Likes Like |Link to Comment