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  • GT Advanced Technologies: Severely Misunderstood And Undervalued By Wall Street Analysts [View article]
    I hold a bunch of GTAT from when it was SOLR - basis 4.76. I hope, I hope, I hope...
    Mar 12 03:17 PM | 2 Likes Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    No you may not. The best you can do, if yo don't have the cash, is sell a stock and repurchase it outside of the IRA. There is no in-kind transfer where RMD is concerned.
    Mar 11 10:24 AM | 1 Like Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    Hey, rrl1124 - There is no right or wrong answer. You may wish to list the positives and negatives for opening an IRA to make your determination. But I am confused; you indicated that you are retired. Do you qualify to open an IRA based on spousal income or did you just retire, having earned some 2013 qualifying income? Make sure you are entitled to open the vehicle before you "soul search" to decide if it's a good idea.

    If you do qualify to open the account, then consider the dollar amount of tax savings, the benefits of tax deferred earnings on the account, and the tax hit once you reach RMD age. Please talk to your CPA about this. He (she) may offer some additional insight.
    Mar 11 10:22 AM | 2 Likes Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    Good morning. You may want to consider consulting with a CPA about coordinating RMD with your total income and life goals. If you have minimal income and minimal RMD, an opportunity may be staring you in the face to remove extra IRA money and pay (substantially) no tax. Remember, the IRA you leave to your heirs has tax implications, but if you are single and over 65, with no other taxable income, you could have withdrawn $11,500 of IRA funds in 2013 and paid zero tax. The more you shrink your taxable IRA, the less your beneficiaries pay in the future. Several of my "lower end" clients have adopted this philosophy. In fact, for only $503 in tax, individuals with the above scenario could have withdrawn an additional $5,000. Think about it.
    Mar 11 09:38 AM | 4 Likes Like |Link to Comment
  • This High Dividend Stock Just Blew Out Earnings And Has Major Dividend Growth Ahead [View article]
    HI, melRcarey. I assume you are asking about an irrevocable trust. Any trusts can own MLPs but before you buy, make sure you are up to date on the loss passthrough laws. They are different from individual ownership rules. The issue is mute with the revocable trust.
    Nov 18 12:42 PM | Likes Like |Link to Comment
  • You May Think That The Market Is Overvalued But These Dividend Champions Are Not: Part 1 [View article]
    Wonderful article. I've been considering adding more ED to my portfolio. What do you think of GPC?
    Nov 15 09:58 AM | 1 Like Like |Link to Comment
  • A Million Dollars Isn't What It Used To Be [View article]
    I remember, as a young child, hearing my father complain that his CPA raised his quarterly fee (which included half a day per quarter at my father's store and the individual and corporate tax returns) to $50. I also remember when I became a CPA (1979) and how impressed I was that the firm that employed me billed me out at $35 per hour and that some clients actually earned a 6-digit income. Times have changed. Consider: the DJIA in 1979 was in the low 800s. I got my driver's license in 1965 and gas was 29-cents per gallon. Time and growth march on.

    Everything is relative.
    Oct 24 09:39 AM | Likes Like |Link to Comment
  • Start IRA Conversions Early To Have More Purchasing Power Later [View article]
    Thank you SpanglerDavis for an easily understood answer. Rarely do I advise clients to convert their IRAs. Warning to "alpha-erians:" When you begin to consider converting, know your reasons, know the goals, and work out the arithmetic (after you approximate your future taxable income and current tax bracket.) Make sure you make all financial decisions so that they serve you, not because you read that your potential move is the new sliced bread. Good luck.
    Aug 19 11:16 AM | 2 Likes Like |Link to Comment
  • 4 Stocks Paying Higher Cash Dividends [View article]
    Consider the Vanguard fund VDIGX for peaceful zzz's. It's a wonderful fund for retirement and non-retirement investments. I actively manage my non-retirement portfolio and much of my retirement money but for the monthly SEP contributions, VDIGX is simple, conservative, and in the upper spectrum of safety. It throws off a dividend and is up, before dividend reinvestment, 15.8% so far this year.
    Jun 3 09:44 AM | Likes Like |Link to Comment
  • Dripping Works: A Real-World Example [View article]
    I bought PG directly from the company for my first grandchild; no fee to initially purchase, none for dividend reinvestment and none for additional purchases. What other great stocks offer this arrangement? Son number 1 is soon to present grandchild number 2.
    May 21 11:23 AM | 1 Like Like |Link to Comment
  • Norfolk Southern - High Yield Link In The Railroad Pipeline [View article]
    My little one is now almost 15 months old. She is a joy and it's a pleasure to spend time with her. I bought PG (drip)for her at birth and keep adding to it on birthdays and Hanukkah. Baby steps (no pun intended) lead to nest eggs.
    Jan 16 02:02 PM | 3 Likes Like |Link to Comment
  • The Common Man Portfolio And Total Return [View article]
    Hi, Dave. Lately there are lots of rumblings about overvalued stocks. You mentioned that you use P/E as your main criteria for that determination. Do you have a "too high" number for the "regular" P/E? How about for the forward P/E? I am interested in your thoughts on those particular ratios and the cutoffs you consider important. Also, what do you think of the free site,, for value determination?
    Sep 20 02:36 PM | 1 Like Like |Link to Comment
  • Dividends: Beware Feeble And Fading Aristocrats [View article]
    Bravo Crosetti the punster. Your writing parallels my sentiments...and the pun: Wheaties = breakfast of champions. Fish compiles the dividend champions. You are a subconscious champion and I enjoy your various comments. ( ditto Schwartz)
    Sep 19 12:02 PM | 3 Likes Like |Link to Comment
  • Caterpillar Shows Why Buy-And-Hold Is Not Dead [View article]
    Hey David Crosetti - I look forward to your articles; they are thorough, well researched, and logical. I think that your dialogue with Patrick Lewis gets close to the ultimate example of futility at work. The original issue has deteriorated to the point where your excellent comments are not being absorbed and understood. Oh well...Patrick loses by not being able to accept the concept of people learning from each other.
    Aug 31 10:20 AM | 1 Like Like |Link to Comment
  • All You Need To Get Started Is One Dollar [View article]
    Thanks for the article. Its wisdom is simple yet too many people find excuses to ignore their financial future. I am nearly finished with a monograph on the subject which I plan to offer to my clients, both for themselves and for their children. Here's one quick failure story concerning my oldest son: He came to me when he was about 20, not understanding why his checking account was overdrawn when the statement on-line showed a balance. I explained the concept of outstanding checks and the importance of check registers. One thing led to another; I brought his checking account to positive and paid off his two maxed-out credit cards. He promised to work on a budget and be more cognizant of his spending. Dumb me....Less than a year later the scenario was repeated. I again bailed him out and told him, in no uncertain terms, that no more funds would be forthcoming. I explained tough love to him. His response, when I tried to find out how he was doing financially, was to lie. I've worked hard in recent years to be an unintrusive father, but it is tough. Now I just listen to his stories about the things he plans to do and the money he plans to spend. I prepare his tax returns and don't see much by way of dividends and interest income but it's his life. The silver lining: he married VERY well, financially. Grandpa-in-law paid off his recent credit card balance and gave him a sizable downstroke for the lease on his new Mercedes; father-in-law gives them, as an extended wedding gift, an ongoing "allowance" in the low 4 digits. Long live the concept of enablement. I am just thankful that he married a wonderful woman and they produced a fine granddaughter for me. We all get along well and I stay away from his financial situation.
    Aug 16 10:14 AM | Likes Like |Link to Comment