Gary, I'd like to echo Robert's recommendation that you start small with some dividend paying blue chips. Try David Fish's U.S. Champions, Contenders and Challengers list at http://bit.ly/aA8y3H for ideas. It took me a while to understand that investing for dividend growth (income) and not trying to find the next home run stock was the secret. Bob
Use Linn Energy To Build Income Now [View article]
After the merger, you get 1.25 shares of LNCO for each share of BRY you hold. At current prices I believe that is a discount purchase of LNCO of about $2.70 a share. Someone please correct me if I've miscalculated.
Linn Energy Faces Yet Another Bear Attack [View article]
Added to my $LINE at $34.50. Wish I had bought more. Also added $BRY in my wife's ROTH when it dipped in sympathy to LINE/LNCO. Each share of $BRY will convert to 1.25 shares of $LNCO when the deal is done.
Approaching Retirement: Things To Consider Concerning Social Security [View instapost]
" I started wearing JCP Stafford Executive pinpoint oxford shirts 35 years ago." That made me smile. I'll read this to my wife when she gets up. She thinks I'm crazy but I also wear nothing but Stafford shirts for the very same reason. I just hope JCP survives or the emperor may have no new clothes. Now that would be a crisis!
Approaching Retirement: Things To Consider Concerning Social Security [View instapost]
Dave,
Thanks. Makes perfect sense to me.
This is a hard decision, complicated by many moving parts, and once made it is mostly irreversible. Social Security alone is so convoluted that I'm still studying to determine the best approach.
My wife is only a year younger than I and intends (she says) to work two more years. I have been talking with a retirement planner who recommended the option of me applying for SS at 66 and deferring payment until 70. This would allow my wife to apply for a spousal benefit while deferring her own SS until she reaches 70. Don't think this complication can be applied to your situation but others might not know about it.
BTW the age to begin RMD is 70 1/2 (72 above could be a typo).
Bottom line is that we can currently replace SS income with dividend income without touching principal if we decide to defer SS withdrawals. I'm trying to develop my strategy for minimizing taxes and maximizing the estate to be passed on to our children.
Approaching Retirement: Things To Consider Concerning Social Security [View instapost]
David, I am waiting anxiously for the second article. I just turned 62 and have been trying to analyze the impacts of using my IRA/ROTH/taxable investments to partially fund retirement until I decide to draw social security.
Because I am drawing military retirement, will receive an additional much smaller pension at age 65 and my wife will receive retirement from a Teachers Retirement System, we are doomed to paying taxes on 85% of our social security distributions. A nice problem to have but I have found that deferring SS until age 70 seems to cause us some really bad tax consequences in conjunction with required minimum distributions from our IRAs.
I'm now looking at a combination of IRA to ROTH conversion and starting SS at age 64 to reduce the RMD impact. This possible plan is based on multiple scenarios run on Smart Money's Retirement Planner. I've checked this through a couple of other programs and get similar numbers.
Do you, or anyone else reading, have a favorite planning tool? Suggestions are much appreciated.
Many Of My Dividend Growth Stocks Have Become Overvalued, What Do I Do Now? [View article]
Thanks Chuck. Very timely article. I'm with Warren Buffet (and you) and I'm holding those moderately overvalued stocks for a long, long time. Best thing I have done recently was to subscribe to F.A.S.T. Graphs. It has become an invaluable too.
Searching For Value And Finding It In Today's Market - Sector By Sector [View article]
Why I Am A DG Investor [View instapost]
I'd like to echo Robert's recommendation that you start small with some dividend paying blue chips. Try David Fish's U.S. Champions, Contenders and Challengers list at http://bit.ly/aA8y3H for ideas. It took me a while to understand that investing for dividend growth (income) and not trying to find the next home run stock was the secret.
Bob
4 High DGR Stocks With Yields Above 4% [View article]
Use Linn Energy To Build Income Now [View article]
Linn Energy: Don't Believe The (Negative) Hype [View article]
Linn Energy Faces Yet Another Bear Attack [View article]
A Real Dividend Growth Machine: Q1 2013 Review [View article]
You can also download David Fish's CCC list there.
Approaching Retirement: Things To Consider Concerning Social Security [View instapost]
I'll read this to my wife when she gets up. She thinks I'm crazy but I also wear nothing but Stafford shirts for the very same reason. I just hope JCP survives or the emperor may have no new clothes. Now that would be a crisis!
Approaching Retirement: Things To Consider Concerning Social Security [View instapost]
Approaching Retirement: Things To Consider Concerning Social Security [View instapost]
Thanks. Makes perfect sense to me.
This is a hard decision, complicated by many moving parts, and once made it is mostly irreversible. Social Security alone is so convoluted that I'm still studying to determine the best approach.
My wife is only a year younger than I and intends (she says) to work two more years. I have been talking with a retirement planner who recommended the option of me applying for SS at 66 and deferring payment until 70. This would allow my wife to apply for a spousal benefit while deferring her own SS until she reaches 70. Don't think this complication can be applied to your situation but others might not know about it.
BTW the age to begin RMD is 70 1/2 (72 above could be a typo).
Bottom line is that we can currently replace SS income with dividend income without touching principal if we decide to defer SS withdrawals. I'm trying to develop my strategy for minimizing taxes and maximizing the estate to be passed on to our children.
Good luck to all of us! We need it!
Bob
Approaching Retirement: Things To Consider Concerning Social Security [View instapost]
I am waiting anxiously for the second article. I just turned 62 and have been trying to analyze the impacts of using my IRA/ROTH/taxable investments to partially fund retirement until I decide to draw social security.
Because I am drawing military retirement, will receive an additional much smaller pension at age 65 and my wife will receive retirement from a Teachers Retirement System, we are doomed to paying taxes on 85% of our social security distributions. A nice problem to have but I have found that deferring SS until age 70 seems to cause us some really bad tax consequences in conjunction with required minimum distributions from our IRAs.
I'm now looking at a combination of IRA to ROTH conversion and starting SS at age 64 to reduce the RMD impact. This possible plan is based on multiple scenarios run on Smart Money's Retirement Planner. I've checked this through a couple of other programs and get similar numbers.
Do you, or anyone else reading, have a favorite planning tool? Suggestions are much appreciated.
Bob
How Long-Term Investors Can Prepare For A Looming Correction [View article]
How Long-Term Investors Can Prepare For A Looming Correction [View article]
Many Of My Dividend Growth Stocks Have Become Overvalued, What Do I Do Now? [View article]
Obama's Proposed IRA Cap: Sending The Wrong Message? [View article]
That is the prime objective! We aren't supposed to know that.