Ed Bickford, CPA

Ed Bickford, CPA
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  • The Art And Practice Of Portfolio Diversification  [View article]
    Scott - You are not wrong in thinking total return matters, it does. Can you tell me the name of that index fund that will consistently earn 9%?
    Nov 4, 2015. 08:12 PM | 8 Likes Like |Link to Comment
  • Realty Income: Buy The Preferreds For A Better Yield And Portfolio Protection?  [View article]
    Horribly Confused - That's one way to own a lot of preferred's if that is what you are looking for. Unfortunately because of the size of these funds they buy a lot of non - investment grade issues that add risk and lower returns. You can do better buying select issues yourself.
    Oct 1, 2015. 10:03 PM | Likes Like |Link to Comment
  • Realty Income: Buy The Preferreds For A Better Yield And Portfolio Protection?  [View article]
    baddebt - All good advice and the same path that I follow.
    Sep 30, 2015. 05:37 PM | Likes Like |Link to Comment
  • Realty Income: Buy The Preferreds For A Better Yield And Portfolio Protection?  [View article]
    I like preferred's for all of the reasons you oiutlined. I have DLR-I and Stag-B. I bought them both below the call price.

    The only downside I see is O-F is selling at $25.65 and is callable 2/15/2017. If called away your yield to call could be less than what the common pays.
    Sep 29, 2015. 06:20 PM | 2 Likes Like |Link to Comment
  • The No. 1 Stock In The World - Part 2  [View article]
    I added VTR last week myself. I looked at STAG and decided to purchase the preferred STAG-B. It's selling below par and yields 6.7%.
    Sep 13, 2015. 12:33 PM | Likes Like |Link to Comment
  • The No. 1 Stock In The World - Part 2  [View article]
    Chowder - How do you feel about CVX now? I'm thinking of adding it this week.
    Sep 13, 2015. 12:29 PM | Likes Like |Link to Comment
  • Consider These 3 Preferred Issues For Good Retirement Income  [View article]
    Henry- The new DLR offering DLR-I looks good as well. It has a 6.35% coupon rate, isn't callable until 2020 and is currently selling at 24.50.
    Sep 9, 2015. 06:05 PM | 2 Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered  [View article]
    Alschroad - It is my opinion that there is no depreciation recapture as I could find no code provision which either states or implies it is applicable. Ken Reel and I debated this in his posts years ago and finally agreed to disagree. If anyone has knowledge of any code provision that they feel causes tax-exempt accounts to be subject I would like to know what it is.
    Sep 5, 2015. 11:56 AM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered  [View article]
    Phil- You asked "What is the typical H&R Block tax preparation fee per year?"

    It varies quite a bit depending on the forms required. I can tell you that my fees are less for every client I have that used Block previously and I have seen some sloppy returns from them.

    From what I have read I doubt David is one of those sloppy preparers as he seems quite knowledgable on topics he has discussed.

    Sep 5, 2015. 11:38 AM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered  [View article]
    I seriously doubt the IRS will spend much time trying to pick up a few dollars here and there from IRA's when there is so much more out there for them to grab. Just my opinion. It actually might be a good thing though. If there was enough public discussion about the issue of taxing UBI in tax-exempt accounts Congress may do something about the unintended consequences of the way the law is written that causes it to apply to retirement accounts.
    Sep 5, 2015. 11:31 AM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered  [View article]
    David - One important thing to add. For the year you have the loss of $4,250 you need to file the 990T and report the loss to use it in a future year.
    Sep 5, 2015. 11:19 AM | 1 Like Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered  [View article]
    David - You are 100% correct.
    Sep 5, 2015. 11:13 AM | 1 Like Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered  [View article]
    As stated by others each IRA is a separate entity and as such is responsible for any tax on what it owns.
    Sep 5, 2015. 11:10 AM | 1 Like Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered  [View article]
    According to the way I read the law you are 100% correct PendragonY. I researched it quite thoroughly last year and I tend to agree with David's thought that MLP's in an IRA are ok. I have owned and sold MLP's for several years and have yet to pay any unrelated business tax. I would add they are ok if you either understand the tax treatment or are paying someone who does for advice. In the hands of the unknowing they could be costly, but isn't that true of so many things in life.
    Sep 5, 2015. 11:05 AM | 1 Like Like |Link to Comment
  • Retirees, You May Want To Add Preferred Stock To Your Dividend Growth Portfolio  [View article]
    David - Congrats on starting to draw form your portfolio. I'm a little over a year behind you and have been recently adding preferred issues to my portfolio to increase the yield. I am one of those investors who does not wait to wait until he is 85 to earn a 6%+ yield on a safe DG stock. What percentage of your portfolio do you advise having in preferred's? I'm currently at about 6% and looking to add more.
    Sep 3, 2015. 07:09 PM | Likes Like |Link to Comment
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