RETIREMENT PORTFOLIO UPDATED As Of 2/27/2016
Current Allocations for my Retirement Portfolio:
1) MO = 76%
2) EEQ = 24%
I recently took a ROTH distribution of about $34,000. It was my first distribution and I will not have to pay a penalty due to the fact that my contributions and 2010 and 2011 conversions allow me to take penalty free distributions equal to the total of my contributions and 2010 and 2011 conversions.
EEQ pays a DIVIDEND based on EEP.
Enbridge Energy Management (or EEQ) pays quarterly distributions in the form of additional shares. The distributions are comparable in value to the quarterly cash distributions paid by Enbridge Energy Partners (or EEP).
Specifically, the distribution of additional EEQ shares is determined by dividing the cash value of a distribution declared by Enbridge Energy Partners by the average closing price of EEQ shares for the 10 consecutive trading days prior to the ex-dividend date.
Distributions declared by the Board of Directors are distributed to shareholders of record 45 days after the end of each calendar quarter. The payment date is moved forward if the 45-day mark falls on a weekend or holiday.
Disclosure: I am/we are long MO, EEQ.