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Video instructions and help with filling out and completing mlp in roth ira
Hi fools I'm Joel South energy analyst and we're continuing with our ask a full series and today Jerry asks what is your opinion of pipeline MLPs in an IRA up to the IRS limit and Jerry that's a very good question MLPs are really a growing field the reason is they offer very nice distributions and especially in a low interest rate environment these are really growing in popularity in the past company or investors would really look at utilities for this investment but with MLP is offering 6% up of distribution yields it's really growing in popularity if you look at energy transfer partners an Enbridge Energy Partners for example they offer seven point eight percent and seven point four percent annualized yields so they are they offer great yields but how much would I put in an IRA and the answer to that question would be as little as possible the reason is IRAs already offer a tax break and MLP is in their very nature do they do the same they basically are a return of capital they skip the corporate taxation so they're usually not taxed and tell sold very similar to what the IRA does you don't you're not actually taxed until you reach retirement and sell the second issue you want to look at is what they call a ub TI which is an unrelated business taxable income this is rarely a problem especially if you're investing under the IRS limit usually affects larger larger unit holders basically the IRA I you have to pay tax on income that's not related to purposes of the IRA which is tax exemption and basically putting away till retirement MLPs are like owning a business so the return of capital is like getting income from an employer where since it's not part of your retirement per se through the rules you can be taxed on it and this could be a complicated issue so you have to be worried about this there is one $1,000 yearly deductible so if you are putting under the IRS limit you probably don't have to worry about this but if you do have a large holdings this could be an issue so you can put your money up to the IRS limit in the MLPs if you're if you're going to be under that limit or you can look into MLP focused ETFs and mutual funds there's also another way you can invest in this space and that's looking at some of the MLP companies like Kenner Morgan management and Enbridge Energy Management where they're very similar they offer the same yields is Kinder Morgan partners and in Enbridge Energy Partners but instead of paying you cash distributions they pay you in shares so you don't have to worry about the ub TI tax my advice is really open up another brokerage account and invest in the MLP s because you're already getting that tax shelter so you don't.