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

To: Aggie who wrote (32048)	11/3/2019 10:19:57 PM
From: Steve Felix	2 Recommendations Recommended By Graustus rnsmth Read Replies (2) \| Respond to of 34328

Hi Aggie. Spreading things around in preferreds, and having MPW, MPC, IRM, and UTG as four of my top five dividend positions, I don't find the rest too much to keep up on. It's just a record of what one guy did with his retirement. Real life with a lot of time, is hard to find. I don't count David Van Knapps now, as he has stated that he has pulled 15% of his retirement and put it in CDs. So where he used to say that his tracking account was invested just like the rest of his retirement, it is no longer representative. We all think different, so I am sure many will disagree with what I do, as much as I disagree with David investing in CDs instead of safer rated preferreds and baby bonds. Could be I think too much. :) Jim's passing rattled my brain on what I want to do. How much time do I have? The wife knows that I want each grandchild to have a $30,000 account. I have also mentioned it to my oldest, but plan to have it on paper for a family meeting when we are all together over Christmas. The girls will inherit my IRA, so I want them to know what I want. It appears the youngest may have finally found her guy, and I want her kids to get the same. If I live long enough, I'll take care of it. If I don't, I want the girls to know what I want done. They won't argue about free money, and if I passed right now, their RMDs would add up to less than $10,000 so they would have money to reinvest. I also want to write letters to my grandkids, explaining that the money was to make their life easier, and allow them to spend THEIR money on wasting assets if they want, while having these funds for retirement, going into business, becoming a landlord, etc. My oldest was adamant that this was my job. :)