Would it make sense for a 70 year old male to contribute 500 shares of NRF-A to his Roth IRA account? Is that a good place to have the shares?Would you say the same for a 40 year old male? Thanks in advance.
450 Shares would be better if you do not want to pay tax on dividends in a retirement account.Have to keep it under 1000 dollars per anum
What exactly do you mean,hanskip? I earned $15,078 in dividends in my IRA in 2008, and didn't pay any taxes. Are you confused about unrelated business taxable income?
You can only contribute cash to an IRA, but nothing wrong with buying and holding NRF preferreds there. But, what difference does it make if you're male? Should females buy the "B"?
>>But, what difference does it make if you're male?<<Females have a longer life expectancy.At 70, a male has perhaps 13 years left while a female has perhaps 16 years left.http://www.cdc.gov/nchs/data/nvsr/nvsr54/nvsr54_14.pdf