5 Dividend Stocks For A Tax Free Retirement
Probably one of the smartest investment decisions I made several years ago was opening a Roth IRA. Sadly, this wasn't my first Roth IRA I had opened. I previously opened one with a different online broker than I use now. I had just gotten out of college and wanted to take advantage of the tax free growth a Roth IRA provides. Although I was smart about opening a Roth, I made a very poor choice in what I invested in (anyone remember the now bankrupt Global Crossing).
Armed with a valuable learning experience and a focused dividend re-investment (DRIP) strategy, my 2nd go around with a Roth IRA has been (and will be) much more successful.
Some people will argue that a problem with the DRIP strategy in a regular account is paying taxes on income that they don't have since that income was used to buy more shares. A great way to avoid this tax problem is taking advantage of a Roth IRA. When you hold dividend paying stocks in your Roth IRA you NEVER have to pay taxes on those reinvested dividends.
If you were lucky enough to have started this strategy at a young age, you get to take full advantage of the compounding affect until age 59 1/2 or later. If you've invested in high quality dividend growth stocks, you should have a reliable tax-free income source at retirement that will continue to grow each year as those dividends keep increasing.
When choosing stocks for my Roth IRA, I look for the following characteristics among a sector balanced portfolio:
A history of paying and growing dividends A dominator in their industry Companies that should still be thriving when I retireHere are five stocks that I believe are good additions to a Roth IRA that fit my characteristics above.
Intel Corporation ( INTC ) - The computer microprocessor market was estimated at being around $30 billion a year by Morningstar, and Intel owns about 80% of that market. INTC continues to lead its competitors in innovation by investing billions in research and development. It has a spotless balance sheet and a fat profit margin of 25%.
Retirement Supplemental Health Insurance - News
Medigap plans are popular among people who choose not to enroll in Medicare Advantage plans, which deliver Medicare benefits through private insurers, or have no employer-backed retirement health benefits. Some Medigap plans pay nearly all the
MCD has paid a dividend since 1976. AFLAC (AFL) - AFLAC incorporated provides supplemental health and life insurance in the USA and Japan. AFL has a wide portfolio of affordable supplemental insurance products and lacks a strong pure competitor in its
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Some of the higher-priced private plans offer the same coverage as supplemental Medicare policies, known as "Medigap." Many seniors buy such insurance, or have it as a retirement benefit from former employers, to cover whatever Medicare does not pay
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Information about Medicare Supplemental Insurance Plans, such as Medicare Part A, Medicare Part B, Medicare Part D & Supplement Long Term Care Health Insurance.
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Supplemental Health Insurance - Health-Insurance.org
Common supplemental health insurance plans with benefits and summaries.
Buying Supplemental Health Insurance--Medigap
Medicare won't cover all of your health-care costs during retirement, so you may want to buy a supplemental medical insurance policy known as Medigap. ...