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TGC004

TGC004
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  • The Upcoming Pension Crisis [View article]
    I am not near retirement (yet) but have taken a very sharp interest in financial planning for retirement. I am 47 and have been saving since I started work (22) and same with my wife (24) - she is the same age as I am. We have been fortunate to amass a fairly substantial pile of retirement assets in tax deferred plans.

    The firm I work for offers me a defined benefit pension plan with a joint and survivor annuity option at 30%, 50% and 70%. The difference between the 30% and 70% option to us is about $15,000 a year. But more importantly, to my wife who most likely will out live me.

    Is there a way to evaluate this in a way that makes sense. My knee jerk reaction is that I should plan on the 70% option vs 50% as the difference is only $7k a year (while I am alive).

    We have fairly substantial after tax investments, that are growing hopefully every day.
    Mar 30 07:21 PM | Likes Like |Link to Comment
  • Ultra-Low-Risk Retirement Strategy For Folks Who've Saved $1 Million [View article]
    I used to feel the same way as you did, but came into a rather large bonus one year and uped my ride to a 2008 BMW 528xi - a most awesome car in every regard. It was even better when I was rear ended by a volvo doing about 50mph, the whip lash protection, and other safety features of the higher priced car allowed me to walk away, just a little bit sore. The guys in the Volvo S60 didn't fare so well (not to mention that car was totaled).

    I now drive a 535xi, it is even better than the 528xi, despite not having a manual transmission, the 535 with its 8 speed tranny runs like a pony and gets 30mgp on the highway. Plenty of room for my family and lots of great features.

    I would never drive a Honda again, and both my wife and I both owned Hondas earlier in our lives.
    Mar 30 07:04 PM | Likes Like |Link to Comment
  • The Only 20 Companies That Matter [View article]
    I don't think Fannie Mae should be on that list, 100% of all profits go to the US Treasury.
    Mar 30 10:26 AM | Likes Like |Link to Comment
  • How Obama's 'MyRA' Plan Will Impact The U.S. Economy [View article]
    Nancy Pelosi is about a dumb as a stump that I have in my back yard. The garbage that emits from her pie hole is worthy of being sent into the wood chipper.

    For that matter, once she keels over, send her through a wood chipper. You can't fix stupid, the people of San Fran. deserve her.
    Mar 29 08:49 PM | 1 Like Like |Link to Comment
  • Ultra-Low-Risk Retirement Strategy For Folks Who've Saved $1 Million [View article]
    I encourage all of the 22 /23 year olds that I encounter at work to at a minimum, max out the Company match early in their career. Then split the after tax portion of any future bonus or raises between their 401k or taxable accounts or establish a Roth.

    I can't tell you how many of these entry level professionals have zero idea when it comes to retirement savings, it is almost 100%. A young professional in her first year of work told me that she was going to get a substantial (to her) tax refund. I asked her what her plans were for that, and none of those plans including any savings or investing.

    The lack of education is astonishing.
    Mar 29 08:36 PM | 7 Likes Like |Link to Comment
  • How One Retiree Is Muddling Through Dividend Investing: Part VIII - A Year Later [View article]
    Martin - in looking at sub sectors, I only want (generally) to own the #1 and / or #2 performer in the subsector unless there is a reason why one of the other participants in the sub sector are beaten down so much that they represent an interesting value play and am worthy of speculation on the small amount of capital I keep for such opportunities.

    Just my 2 cents.
    Mar 29 07:20 PM | 1 Like Like |Link to Comment
  • How One Retiree Is Muddling Through Dividend Investing: Part VIII - A Year Later [View article]
    Another follow on Martin - in the lead in to your article you mention your wife. Does she play a role in your investing decisions? My wife has a very limited interest in the investment decisions I make, with the exception being when it comes to her IRA. There she listens to what I have to say and does her own thing, mostly taking into account my input, but without any real analysis. Drives me nuts, but it isn't a huge nut anyways and she makes some money in that account.
    Mar 29 07:17 PM | Likes Like |Link to Comment
  • FTC says Blue Rhino, AmeriGas colluded on propane tanks [View news story]
    Here is a statement issued by Ferrell Gas - the Barry administration are a bunch of incompetent w h ores

    OVERLAND PARK, Kan., March 27, 2014 /PRNewswire/ -- Ferrellgas Partners, L.P. (NYSE: FGP), one of the nation's largest distributors of propane, issued today the following statement.

    Ferrellgas Partners, L.P. ("Ferrellgas") is pleased to announce that, after a lengthy and thorough investigation, the Federal Trade Commission has concluded that the company's decision in 2008 to reduce the fill level in its Blue Rhino propane tanks from 17 pounds to 15 pounds was not the result of collusion.

    However, the company is disappointed by the Commission's decision to file an administrative complaint against Ferrellgas for allegedly agreeing with AmeriGas Partners, L.P. to require Wal-Mart to accept 15 pound tanks. These claims are without merit and we will vigorously contest them.

    Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., serves customers in all 50 states, the District of Columbia and Puerto Rico. Ferrellgas employees indirectly own more than 21 million common units of the partnership through an employee stock ownership plan. More information about the partnership can be found online at http://bit.ly/1l8BBCl.

    Contacts:

    Tom Colvin, Investor Relations, tomcolvin@ferrellgas.com or (913) 661-1530

    Scott Brockelmeyer, Media Relations, scottbrockelmeyer@ferr... or (913) 661-1830

    SOURCE Ferrellgas Partners, L.P.

    /Web site: http://bit.ly/1l8BBCl


    (END) Dow Jones Newswires

    March 27, 2014 17:15 ET (21:15 GMT)




















































    Mar 27 07:41 PM | 1 Like Like |Link to Comment
  • FTC says Blue Rhino, AmeriGas colluded on propane tanks [View news story]
    I always wondered why the tanks that I got filled locally always lasted longer than the ones I got thru Blue Rhino, makes perfect sense.
    Mar 27 05:53 PM | 1 Like Like |Link to Comment
  • A Closer Look At Magellan Midstream Partners' Distributable Cash Flow As Of Q4 2013 [View article]
    MMP has been a core holding of mine for many years. The quality of management is outstanding in that the management team demonstrates exceptional discipline in spending whether it is on internal growth projects or acquisitions. I view MMP as a mini EPD in many ways, though more without a nat gas operation.
    Mar 27 08:55 AM | Likes Like |Link to Comment
  • Calumet Specialty Products to acquire ADF Holdings for $235M [View news story]
    $850m of notes to fund a $235m acquitiion????
    Mar 26 11:04 AM | 1 Like Like |Link to Comment
  • A Closer Look At Buckeye Partners' Distributable Cash Flow As Of Q4 2013 [View article]
    Backing out maintenance cap ex from operations is an interesting thought. Pure maintenance on pipelines (like running pigs thru the pipes) is already expensed and thus by definition is already included in cash from operations.

    Maintenance cap ex - in other words, cash expended during maintenance that improves or extends the useful life of the asset is no different than regular cap ex in my mind, other than it happened during maintenance. If they replace a section of pipe, the overall life of the pipeline is improved.
    Mar 24 10:42 AM | Likes Like |Link to Comment
  • Magellan Midstream Partners: Low Risk And Income With A Strong Growth Upside [View article]
    @heartky - I read their proxy statement each and every year, their executive compensation is peanuts when compared to other MLPs and other energy companies. Where else do you find CEOs getting base comp of $535,000 and CFO base comp of $395,000?

    The vast majority of their potential compensation is tied to how well the overall Partnership does, I like the fact that the CEO can earn a max of $1.6m but that only $535,000 is base salary. Likewise, for the CFO his max is just under $1m but his base is $395,000.

    Their interests are aligned with the unit holders' interests, which I like, alot.
    Mar 23 07:03 PM | Likes Like |Link to Comment
  • How One Retiree Is Muddling Through Dividend Investing: Part I [View article]
    I find it amazing that you are putting a young man whom you met in Costa Rica through law school. To that I say "wow!". You are a very generous couple.
    Mar 23 06:57 PM | 1 Like Like |Link to Comment
  • How One Retiree Is Muddling Through Dividend Investing: Part VIII - A Year Later [View article]
    Martin - thank you for writing these articles, they are well done. A question I have for you is that you commented on selling all of your MLPs. Have you done your 2013 federal tax return yet and can you comment on the actual tax impact on selling out of your MLPs?

    I am an MLP investor and have found that some MLPs have very different tax attributes than others. Upon disposing of some long held positions, I was surprised (in a good way) to discover the size of the accumulated passive losses - which in effect offset the capital gains.

    Thanks
    Mar 23 06:49 PM | Likes Like |Link to Comment
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