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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Steve Felix who wrote (17702)	12/2/2013 11:34:31 AM
From: chowder	Read Replies (1) \| Respond to of 34328

>>> A "mission statement" would have kept me from where I am now. <<< My Mission Statement would have kept you from where you are now. I merely offered it as an example, I didn't mean for you to adopt it. If your objective is to create wealth and build long term income, then your Mission Statement should be established to where your decisions support that goal. That is what I was trying to convey. I think your way of doing things have been better for you than it would have been if you were invested in an Index. That was the crux of my message.

To: Steve Felix who wrote (17702)	12/2/2013 8:09:37 PM
From: E_K_S	Read Replies (1) \| Respond to of 34328

OT - Have you thought about starting partial conversions from your IRA to a ROTH? There are significant generation skipping options if one or more of your your beneficiaries are grand kids (or great grand kids). I started a 10 year program last year moving 10% each year from the IRA to the ROTH. The ROTH has it's focus on dividend income and the IRA has a bit more in special situation and small cap growth along w/ income. You pay tax now on the partial conversions but if you can limit your income so you are in 15% and/or 25% tax bracket, it works out (for tax planning purposes) that the ROTH could be better in the long term planning. Here is some good information to use when considering a partial ROTH conversion. This is phase II of my investment planning strategy. EKS