TransAlta (TAC -0.2%) suspends its premium dividend program as a result of "the current low share price environment.” TAC also says it expects its Keephills Unit 1 power plant to return to service mid-June; the unit has been out of service since March when the company declared force majeure due to a generator problem. [View news story]
I'm not sure what this means? Is this a div cut, or what?
Earnings And Valuation Update For Kayne Anderson Energy Development [View article]
Thanks for a complete response. My controverted "quick look" is looking at a result assuming no growth, against mgt costs, which shows an instant pre tax gain on div of about 2.5%, and a premium to assets of 5%. http://bit.ly/16ODrDj
As KED follows the MLPS mentioned, it seems it might be ok for my IRA vs an MLP.
Agree, MLPS in Taxable acct, are a better choice. Long CLMT,PVR,EPD,VNR,LINE,OKS KMR,EEQ,PAA,ETP Best wishes, GD
Earnings And Valuation Update For Kayne Anderson Energy Development [View article]
While I own MLPs,and MLP C corps, I'm not experienced with the likes of KED. I find a total MGT fee of 3.91%, which I think reduces the asset value each year, and the price is higher than the nav. A 6% + dividend seems to net out total return to 2+%/year, w/o any growth. What am I missing? Thanks, I fully enjoy and respect your comments on IV.
Hi RK, I've had EPD for several years, and this year, the cap value will go to zero. Based on this article, if seems to me, that I could sell now, and miss the double taxation, enjoy a great profit, pay minimum[small %] tax due to bringing forth large passive losses, and then buy in again, in a dip, and start the game all over. Am I missing something? I don't want to burden my kids, with MLP taxation upon passing. Thanks
"Specifically excluded from the step-up in basis rule, all of the money in the plan, including all of the deposits and all of the gain is subject to income tax when received by the beneficiary. "
Am I missing something? My understanding is no taxes to IRA beneficiary[not when received], but when distributions are taken? Also, beneficiary has to pay RMD each year. Thanks
"---- while I'm honestly just trying to help people prevent a potential future tax issue with their IRAs"
Sorry, I'm not getting through, my fault. I certainly agree there is risk, and the reality of UTBI.
My real query is, besides yearly UBTI, what would you say the "potential future tax issue" with MLPS in IRAs is--ie when sold or transferred, etc The material you proposed is very general in nature. Cheers to you
Phil, Chestnut, Your deflecting me to your stated "reference"! Guess your satisfied with what another unpaid Blogger says. Was thinking you could recite the details-guess not. Chestnut---get some skin in the game.
Phil,Chestnut, Your both saying not to put MLPS in an IRA. Please follow up. with specific reason[s], why you both say, not to put MLPS in an IRA. Many opinions, why not, w/o reasons. The yearly UBTI is a pretty basic routine, and not significant, even if tax is due. Let's have more info? Thanks to both of you.
TransAlta (TAC -0.2%) suspends its premium dividend program as a result of "the current low share price environment.” TAC also says it expects its Keephills Unit 1 power plant to return to service mid-June; the unit has been out of service since March when the company declared force majeure due to a generator problem. [View news story]
Earnings And Valuation Update For Kayne Anderson Energy Development [View article]
http://bit.ly/16ODrDj
As KED follows the MLPS mentioned, it seems it might be ok for my IRA vs an MLP.
Agree, MLPS in Taxable acct, are a better choice. Long CLMT,PVR,EPD,VNR,LINE,OKS KMR,EEQ,PAA,ETP
Best wishes,
GD
MLPs - A Reality Check ? [View article]
Plains All American Pipeline: How High Is Too High For This MLP? [View article]
Earnings And Valuation Update For Kayne Anderson Energy Development [View article]
I find a total MGT fee of 3.91%, which I think reduces the asset value each year, and the price is higher than the nav.
A 6% + dividend seems to net out total return to 2+%/year, w/o any growth.
What am I missing?
Thanks, I fully enjoy and respect your comments on IV.
MLPs - A Reality Check ? [View article]
I've had EPD for several years, and this year, the cap value will go to zero. Based on this article, if seems to me, that I could sell now, and miss the double taxation, enjoy a great profit, pay minimum[small %] tax due to bringing forth large passive losses, and then buy in again, in a dip, and start the game all over.
Am I missing something?
I don't want to burden my kids, with MLP taxation upon passing.
Thanks
What Happens When You Sell An MLP? [View article]
Am I missing something?
My understanding is no taxes to IRA beneficiary[not when received], but when distributions are taken? Also, beneficiary has to pay RMD each year.
Thanks
What Happens When You Sell An MLP? [View article]
What Happens When You Sell An MLP? [View article]
Apparently, you only have your "opinion", and you can't backup w/ a detailed answer from your personal data bank, or experience.
OK
Cheers
What Happens When You Sell An MLP? [View article]
I can only think your comment is only an "opinion", that you can't back w/ any hard data!
So be it.
What Happens When You Sell An MLP? [View article]
Sorry, I'm not getting through, my fault. I certainly agree there is risk, and the reality of UTBI.
My real query is, besides yearly UBTI, what would you say the "potential future tax issue" with MLPS in IRAs is--ie when sold or transferred, etc The material you proposed is very general in nature.
Cheers to you
What Happens When You Sell An MLP? [View article]
Your deflecting me to your stated "reference"! Guess your satisfied with what another unpaid Blogger says.
Was thinking you could recite the details-guess not.
Chestnut---get some skin in the game.
What Happens When You Sell An MLP? [View article]
Thanks
What Happens When You Sell An MLP? [View article]
Your both saying not to put MLPS in an IRA.
Please follow up. with specific reason[s], why you both say, not to put MLPS in an IRA. Many opinions, why not, w/o reasons.
The yearly UBTI is a pretty basic routine, and not significant, even if tax is due.
Let's have more info?
Thanks to both of you.
What Happens When You Sell An MLP? [View article]
My suggestion is only for the older set!
Those over 70.5 yrs must make a withdrawal each year.
Also, I think no penalty for over 59.5 yrs?