I like the long term opportunities at this point and with the near 8% divi, stock seems like a great time to enter IMHO. Comments please from the pros and long time owners.
For your retirement, buy "stuff" that goes up, pays div, and worry about the taxes later........ Isn't that the key to any 401K, IRA, etc. ??
As long as you hold KMP in your IRA, no need to file any K-1. It says on the K-1: "If held in IRA, no need to file".
If you should sell KMP after a long hold the taxes are harsh. KMR has no taxes no reporting until selling and you auto reinvesting. When you do sell the rate is long term capital gains. Mister Kinder buys KMI. If you are retired and would like current income KMR works. But for growing an account with rates no longer falling and probably rising in the future, you might look for growth companies
you will spend half your dividend paying your accountant to file your tax return for an MLP in a retirement plan and the other half in frustration wondering why you didn't know the taxation was problem in a retirement account.
seebelow - your ignorance is obvious. Having this in your 401k or an IRA causes no problems unless you go over some very high limits. I have it in my cash account also - did the tax reporting for the last few years - but in the future will by a tax package to do it for me. It only causes a problem when you Sell.
that is not true.
I held pipeline MLP's for years in my IRA .
I use turbotax every year since about 1987 or so .
For those that do not use one of the tax programs it is very easy to do .
I do not own KMP but I will , soon .
Sentiment: Strong Buy
I would never ever buy a stock, based only on the dividend / distribution.
Do some homework and see what the analysis have to say along with earnings reports and in the case of MLP's see the DCF.