To get the full benefit of muni's and MLP's, they really need to be in a taxable account. I do have some MLP's in a tax deferred account, but my focus going forward will be the taxable account since part of the distribution is return of capital and not regular dividends. So, there is a tax advantage.
I read where DSM had a yield of 6% plus but the taxable equivalent yield was 10% plus. A significant difference over time.
As for the tax deferred account, companies like ABT, JNJ, PG, SYY, HCN and NGG are all undervalued according to Morningstar's Dividend Investor. So, perhaps adding to those positions would be prudent at this time.
Other positions like PM, INTC, etc,. are more fairly valued now.
Anyway, it's a nice problem to have, eh? |
