EXACTLY -- It's no big deal.... It's not like it's some accounting nightmare... no matter what kind of an account it's in. True -- it's a different form.... and does have to be accounted for... But in my book - any time you can get INCOME without it being INCOME.... that's a good thing!

The other day Todd was asking about why the DOW was up and his stocks were down -- or maybe it was vice versa...



Today the DOW was off 68 points and I had ONE stock out of all the stocks I own -- and it was down one penny.... (WFC).


I lied --- I had TWO stocks down WFC for one cent and HYG for 4 cents.... OOPS! Huge - just huge! LOL



And here's another thing that I've learned over the years....


One of my stocks was down like $3 early morning --- it closed UP .50 (BPT).

In my old trading days -- I'd have been freaking out about a stock down $3..... and only the idiots that sold down there have themselves to kick....

Tax time and I just got a letter from Principal Bank for a Safe Harbor IRA that has ~$4,500 as a Individual Traditional IRA. Now I don't ever recall setting this up and I'm not sure which job I'd have had that used this place.... I also don't ever recall getting this letter in the past it shows it dates back at least into 2012!

WHAT!?!?! Could this possibly be money that was hiding and is now 'free money'? :idea: *Heads over to the For Sale section*

Do yourself a favor --- do not call the numbers on that mail --- or use the website listed ---- GO on the net and look up the numbers etc....


You never know if these are "fishing" mails... you call thinking you have money and give them all kinds of information like your SS number etc. So just check it out FIRST. It's real easy for these scammers to use a REAL outfit -- mail you something where they've got their phone numbers listed etc... and BAM they've got
your info.

Yeah I did. I googled and the website has the same information listed. Hrmmm

Even looked up scam for them and couldn't find anyone posting or calming anything.

Okay you're good to go then!



FREE MONEY!! What's better than that!!

So Greg,
KMP in my tax deferred 401k is ok? What about the UBTI I keep hearing about. Something like you can have up to $1000 dollars in distrabutions and anything over you pay taxes on? To cause less problems would it be better to get rid of my KMP shares and get KMR instead ?

On a side note they brought back the dividend on GM stock

Thanks
John

I can answer that real quick ---- ONLY YOUR ACCOUNTANT should give you tax advice. PERIOD.

haha I had a feeling you were going to say that!

The rules are far to complicated --- and the consequences far too onerous regarding taxes... and far too many "it depends". You've just got to consult a tax professional for that kind of info.

I'm probably the WORST tax knowledge guy in the entire universe... and it's a good thing my firm has done my taxes for 25 years.... because MY GOAL is just to make as much money as humanly possible.... and they can figure out what I owe. I just really don't care about taxes... they're just a small percentage of what I make. So I have kind of a convoluted view of them - and I'm not afraid to pay them. He who pays the most wins...