What's an MLP?
My primary focus with AMRN is to pay off my mortgages - I wouldn't need a massive amount to cover the cost since I took 15 year mortgages out on both houses so I wouldn't be paying in perpetuity and am almost 7 years into the 15 on each).... Then my pension (already receiving) and social security - when it kicks in - would be all mine to live off of with only real estate taxes and homeowners/auto insurance to cover.
I'm open to recommendations on solid dividend stocks or investment funds that pay some kind of income without running off with all my money at the end. Besides AT&T I've had my eye (no real research) on Vodaphone, Verizon, Blackstone Group, Royal Dutch Shell, GSK, PFE, OcciPet, First Energy, Duke Energy and Qualcomm. And maybe Target or Macys but definitely would need to do more research on retail stuff.
Depending how AMRN plays out and on what is left over once the mortgages are paid - I may actually get more in retirement than I did working full time. Another $12 on the share price I could pay off both houses in full and have money to spare.
As for my living expenses - I usually keep a car for a long time. Just got rid of my 1996 Camry this summer and my Acura is 8 years with 185k miles - which is barely broken in - in my book. I've gone back to work to avoid taking out of my 401k before I turn 60.... with the goal of using the money on fixing up my almost 20 year old house with updates that are due - new roof, air conditioner, furnace, kitchen, 2 bathrooms, and maybe have my front porch trexed so I don't have to restain every 2-3 years as I get older. Gets harder on the knees. The last several years I've reduced my clothing expenses to a minimum....as my career has wound down and I no longer meet with high-level peeps. No more tailored suits from Bangkok. Khakis have become my uniform....and even they are going into a bonfire when I re-retire. I'll be sticking to sweats and shorts for the rest of my life if that is what makes me happy - and it probably will.
:o)
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