By Marc Lichtenfeld Last week, I wrote about end-of-year tax saving tips, which included owning master limited partnerships (MLPs). MLPs are good to own because of their tax-deferred distributions (MLPs pay distributions, not dividends).
That sparked a question from reader Lee M., who asked whether MLPs are really worth the effort, considering the more complicated tax implications, which I’ll get into in a minute.
That’s an excellent question because MLPs often have strong yields ranging from 5% to double digits.
The average historical yield for MLPs is 7%. Some of the current top-yielding ones are…
Icahn Enterprises (Nasdaq: IEP), with a 15.9% yield
MPLX (NYSE: MPLX), with a …read more
