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waltunkel

waltunkel
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  • Finding The Right Stock In The Current Market [View article]
    Infomercials should be read by those who cannot sleep; I suggest you change your name from "The Dividend Guy" to "Late Night with Me."
    May 22, 2015. 10:50 AM | Likes Like |Link to Comment
  • Dividend Growth All Stars: 20 Dividend Stocks That Will Keep Your Income Growing (Part 1) [View article]
    I agree with djsulli. I have had enough of the blatant "free" advertising tactics of Parsimony Investment Research. Write articles of substance, please, without the trumpets and banners.
    May 18, 2015. 10:12 AM | 7 Likes Like |Link to Comment
  • Thousand Dollar Portfolio - Start Your Child Right [View article]
    IRA? ROTH? Good morning. You need earned income (or a spouse with earned income) to invest in these vehicles.
    May 16, 2015. 02:47 PM | 2 Likes Like |Link to Comment
  • Lanny's Recent Purchase - Johnson & Johnson [View article]
    Hello Foosie:
    I set up the grandchildren's accounts as follows:
    my name as custodian for grandchild UTMA FL (FL because that is where they live).

    Tax ramifications: their basis is the same as my cost + dividends which were reinvested; their basis is the same as mine would be if the account was in my name only. (Things are a bit different if you gift $14,000 or more in the year to each person.)

    Also, remember to use the child's social security number.

    Happy investing.
    Apr 27, 2015. 02:16 PM | Likes Like |Link to Comment
  • Lanny's Recent Purchase - Johnson & Johnson [View article]
    i love your step-by-step approach. When each of my grandchildren was born, I began buying them shares in Procter and Gamble. Little by little the number of shares increases and the value increases. Please don't buy into the concept of larger quantities being better. Slow and steady is the way to go.
    Apr 26, 2015. 01:56 PM | 5 Likes Like |Link to Comment
  • Surviving The Tax Bite In Retirement [View article]
    this is a question for your cpa, not for readers of SA.
    Jan 22, 2015. 03:01 PM | 3 Likes Like |Link to Comment
  • 3 Stocks To Put On Your Roth IRA Watchlist [View article]
    It is my understanding that COSWF withholds foreign tax. Investments held in retirement accounts do not pass on withheld tax adjustments to the individuals. As a result, you need to look at foreign tax withheld on retirement investments as lost money. Sorry, no 1116 today. No refund from Canada, either.
    Oct 5, 2014. 05:06 PM | Likes Like |Link to Comment
  • Is BreitBurn Energy Partners A Good Investment? [View article]
    Just for accuracy: Hey Rasher, 15% was the cap on qualified dividends until the end of 2012. For tax years 2013 and forward, the tax rate caps at 20%, the same as long term capital gains.
    Oct 5, 2014. 04:57 PM | Likes Like |Link to Comment
  • Constructing A Monthly Income Portfolio [View article]
    Psychologically, monthly dividends are wonderful..BUT...quality of investment is most important. Let us assume (I hate that word) that because you are in the market you have at least a bit of common sense and mathematical ability. Schedule your cash flow and, if you have a small amount of ready cash to survive a few months, budget via your schedule for your annual expenditures. If cash is tight, exercise restraint and make your budget work for you.
    Aug 14, 2014. 12:41 PM | 1 Like Like |Link to Comment
  • GT Advanced Technologies: Why Apple's iWatch Will Have A Sapphire Display [View article]
    I have a bunch of GTAT with a basis of $4.76 per share...just sitting here looking pretty, waiting for the skyrockets to emit their profitable glare.
    Jul 8, 2014. 09:06 AM | 2 Likes Like |Link to Comment
  • 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, 2014. 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, 2014. 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, 2014. 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, 2014. 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, 2013. 12:42 PM | Likes Like |Link to Comment
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