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How To Get Safe Annual Payouts Of 7%

TedTed
edited December 2011 in Fund Discussions
FYI: Excellent article for those looking for income.
Regards,
Ted
http://online.barrons.com/article/SB50001424052748703438504577042394189481000.html#printMode

Comments

  • Hi Ted,

    Thank you........an area several here at MFO keep on the radar.

    Regards,
    Catch
  • Hi, Ted.

    It's always good to hear from you, big guy.

    Several funds seem to be taking more eclectic views about income. I'm trying to think through their strategies. I'll share what I can.

    David
  • Ted,
    I think it is important to know when you are retired and in the 15% tax bracket, that either 85% of your Social security or less depending on the interest, dividends, including tax-free, and capital gains are included in taxable income. Lower than 85% is good if you can control the amount. Also, for 2011-2012 capital gains are taxed at 0% if in 15% tax a bracket.
  • I'm one of those "lucky" ones: 10% tax bracket, so cap gains are untaxed. What was Ted saying? Dividends and interest ARE taxed? I should already KNOW that, but I don't. And I have a professional do my taxes. I wouldn't dream of trying to go through all that crapola MYSELF. My Rollover IRA (PREMX: TRP) generates monthly income I've not yet decided to tap, so it gets reinvested. My Trad. IRA is in MAPIX and spins-off $$$ every quarter, likewise untapped and reinvested. Current employment income is non-taxable. Strange but true, yes. I'm not complaining.
  • Hi, Ted -


    Good to hear from you again. I will probably retire soon, and this excellent article looks like homework I should be doing!

    Thanks,

    Archaic
  • edited December 2011
    Reply to @MaxBialystock: You might need to pay taxes on your Pfizer (PFE) dividends and other taxable assets that generate distributions even if you choose to re-invest. If distributions are big enough they may bump you to next bracket. You may use a professional to do your taxes but you have to know the tax result of your actions before the tax time.
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