Comments on: Retirement, Plan B: Pension Paychecks

By: William Hicks

William Hicks — Fri, 25 Sep 2009 11:52:20 +0000

I used to contribute small monthly amounts to Dividend Re-Investment Plans; I owned shares in Walt Disney, Procter & Gamble, General Electric, Johnson & Johnson, and Microsoft. G.E., Disney & P& G’s monthly fees became exorbitant and the stacks of paper I was forced to keep and headaches at tax time just became unendurable. I invest in most of these companies now and am able to buy fractional shares via Foliofn.com; they provide me with complete tax records at the end of the year, re-invest my dividends, and easily allow me to see my positions/gains any time I want all for one yearly maintenance fee. Check writing for when I must have access to emergency funds is also provided.

By: Tensor

Tensor — Thu, 13 Aug 2009 18:38:51 +0000

You are a tool.

By: StockGumshoe

StockGumshoe — Tue, 21 Apr 2009 16:57:05 +0000

I have no idea what the Panamanian policies might be (perhaps someone else has a thought on that?), but you’re right, it would be a long stretch to call dividend-paying stocks a “pension.”

The only vehicle that I know of that would be close to a “pension” in terms of guaranteed regular payouts for life (if that’s the kind of pension they mean) is an annuity contract, of which there are so many types (and a fair share of unethical peddlers) that I would hesitate to wander into the details here.

By: Jenn

Jenn — Tue, 21 Apr 2009 16:11:19 +0000

Great info so far but here is my dilemma … My interest in the “plan B idea” stems from the word PENSION. My husband and I are considering spending several of our retired years abroad and some countries such as Panama have very nice benefits for retirees that have a steady “pension” of only $500/ month. But that’s the kicker, it has to be PENSION, not dividend income, or interest earned from significant savings…it HAS to be identified as PENSION.

Is investing via Plan B directly through the company the answer?
Is there a way to invest that the money yielded is legally considered “PENSION”?
Thanks.

By: denim

denim — Fri, 10 Apr 2009 21:24:16 +0000

I subscribed based upon his “My Triple-Pronged No-Risk Guarantee”. I have not started to invest in the plan. But knowledge is power and I already have learned enough while using the knowledge gained from his publications to feel that the modest $99 fee has already been earned. He has some interesting stock finds that I would have missed, at least for awhile. He, of course, does not advise individual investments and neither do I. Do your own due diligence first! Second, risk not your whole wad!