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Re: Well, more bad news

By: micro in 6TH POPE | Recommend this post (0)
Tue, 13 Jun 23 10:09 PM | 48 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 43485 of 60008
(This msg. is a reply to 43481 by Zimbler0)
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Thanks Zim!

a great idea. My net worth is NORTH of a million dollars.
But I don't want her having to sell anything and wouold prefer to have steady income coming in every month.

I think I may be able to somehow get that in order before then. I like the investment strategy too. Thanks!

I think one day soon we will have to go to the administration office herein the township to purchase our plots to be buried in. For local residents and citizens here they are ony $500 each...

The cemetary is about 2 miles from our home..

As the sayting goes in that movie,
I got a long way to go (to get things some things done) and a short time to get there.....

I am remodeling the second bathroom right now and installed a new floor and a new vanity and top, and redid the drainage plumbing. I still have to re-paint the room and then put down a new floor.

Then on to replacing the flooring in the rest of the house. A lot to get done..


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The above is a reply to the following message:
Re: Well, more bad news
By: Zimbler0 in 6TH POPE
Tue, 13 Jun 23 9:48 PM 		Msg. 43481 of 60008

Micro > Like most, we owe nothing and have no debt. Everything is paid for..


Boss,
Direct Stock Purchase Plans - investing in conservative type companies which pay dividends and like to increase the dividends. Put them in your wifes name and have the dividends direct deposited into her checking account. That way she will have at least some income when you pass.

A few companies that do have such plans are Campbells, Eastman Chemical, Kimberly Clark, McCormick. For power companies I like BKH (Black Hills Corp.) and OGE (OGE Energy - mostly in Oklahoma).

I would also suggest looking up 'Dividend Kings' and 'Dividend Aristocrats'.

A diversified portfolio will also lend some protection against catastrophic failure.

Lastly, under current law, these investments should pass on to her (and your) children when she passes.

Zim.

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