We have a lot of retirement saving options nowadays, but arguably none might be better than stashing dividend stocks inside a Roth IRA. In a sense, Roth IRAs are like Swiss bank accounts for regular folks. The difference, of course, is that they’re perfectly legitimate and sanctioned by the Feds. And unlike stashing cash offshore, you can get started with just a few hundred bucks. The question is, what are the best investments to keep inside a Roth IRA?
You could do worse than dividend stocks. Sure, interest is taxed at a higher rate. But given how low yields are right now, you’re not hiding that much money from the IRS. Plus, combining the tax-free advantage of Roth IRAs and the compounding wonder of dividend stocks is a powerful wealth-building formula! This year, the standard limit an individual can contribute to their Roth IRA is $5,500. So if I had a spare five grand or so lying around, here are three dividend stocks I would buy: The Coca-Cola Co (NYSE:KO), Enbridge Inc (NYSE:ENB) and Union Pacific Corporation (NYSE:UNP).
Source: Income Investors
Related Articles:
- Three Keys For Successful Dividend Growth Investing
- 5 Exceptional Dividend Growth Stocks With Quality Financials
- 10 High-Yielding Dividend Aristocrats Not Afraid to Raise Their Dividends
- 8 Dividend Stocks With A Quick Payback
- 9 Dividend Stocks Ignoring The 4% Rule
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Each of these high-yield dividend stocks has a dividend yield exceeding 6.5%. That’s is a very high dividend yield few stocks have. In addit...
-
I like high-yield dividend stocks that also have the ability to buy back their shares. These are called total yield dividend stocks. They of...
-
Because their financials must support a monthly dividend payment, the companies in this space are stable by nature — their operations are st...
-
While there are a number of factors responsible for pushing the stock market lower, the spread of COVID-19 looks to be the match that lit th...
-
Dividend payments are, by nature, a conservative strategy for companies to use, and as a rule of thumb the more conservative companies are l...
-
As veteran traders will attest, though, nothing lasts forever. It might not be a bad idea to start adding exposure to the market's lagga...
-
In a soaring market, a few percentages of dividends may not seem like much. Over the past few months, the Dow Jones Industrial Average, the ...
-
So if the economy does putter out, what should you do with your money? You could do worse than bet on recession-proof dividend stocks. That ...
-
You shouldn’t be running from the market. Bags of coins don’t make a comfortable pillow. They don’t emit dividends. They will not expand lik...
-
It operates in a great location. Florida has seen a material influx of residents in recent years as people look to move to a warmer climate ...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.