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Kinder Morgan Energy Partners Message Board

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  • lizahuang54321 lizahuang54321 Oct 28, 2012 1:14 AM Flag

    Retired and planning how to sell MLPs

    "What constitutes getting "killed" tax wise?"
    What about deferred taxes on 15 years of distributions?

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    • Deferred taxes have been nice, but when you need the money, you would like to not have what you have saved chopped away by taxes any more than it needs to be.

    • Ok, ordinary income rates on the depreciation recapture portion of the gain. That would be limited to something close to her original purchase cost. So, I guess, limiting the number of units sold each year to an amount that does not bump the seller into a higher tax bracket is the way to do it.

      But my other question still should be considered. Selling just because one is retired could be a mistake. The world doesn't come to an end just because one retires.

      • 2 Replies to epholder
      • No, it doesn't, but it would be nice to be able to enjoy one's hard-earned savings, as long as one can make the savings last as long as one is alive!

      • No, but one of the main reasons I wanted to sell KMP when I first posted was I expected the market to go down a lot after the election when the fiscal cliff issues came more into the spotlight. Since I was heavily invested in stocks I wanted to reduce our exposure. I sold about half of my investments in Sept (ex: Apple at $666) and a bunch of mutual funds, but I questioned selling KMP because of the tax issue. As I said, I have held it a long time. Had I been able to, I would have sold around $85 a share, and would be able to buy it back today around $75. So I am hearing from this board that I can't buy/sell KMP like a regular stock. I just have to ride it down when the market is bad and hope it recovers?

 
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