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Strategies & Market Trends : Dividend investing for retirement

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To: Steve Felix who wrote (5452)8/16/2010 8:20:49 PM
From: chowder  Read Replies (2) of 34328
 
A lot of people will shy away from things they don't fully understand.

I'm like you from the standpoint that I'll jump in and learn from experience.

About a year ago, I read something on the IV message board about the way KMP expensed their company that it didn't show any UBTI. I can't find the link, but I remember it cinched the deal for me. I decided I'd try a couple of MLP's in my IRA and watch the UBTI. If combined they approach $1,000 ... I'll sell some and buy another high yielding stock with the proceeds.

I do have KMR in my IRA as well. That's tax-deferred friendly because they pay in shares, not cash. EEQ is the other you can do that with.

I also own KMR in a tax account along with KMP. KMR was selling at a nice discount to KMP so I decided to buy both and see how they do over the coming year.
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