OneRichOne

3 Energy MLPs for the Price of One

Funny, I own several MLP's inside my IRA and the nice thing is you don't need to fill out the Schedule K or anything else. When you withdraw from the IRA you are taxed only on the funds withdrawn. I take withdrawals as I need, monthly from the income. I try to invest only in companies that pay over 6% and the average of all investment income must be over 8%. This will generate enough income that even after the RMD there is some money left to invest in other companies. I diversify enough that my monthly income is about the same month to month. Thanks for the article.