Do you know about SEP IRA account?

I found out about SEP IRA account about 3 years ago. I have my SEP IRA with Fidelity. 

How do you know if you qualify for SEP IRA?

"A Simplified Employee Pension Individual Retirement Arrangement (SEP IRA) is a variation of the Individual Retirement Account used in the United States. SEP IRAs are adopted by business owners to provide retirement benefits for themselves and their employees."

If you are a small business owner or receive 1099-Misc and use Schedule C on your taxes, you can invest 25% of your 1099-Misc earnings (no more than $53k) and this is in addition to your regular IRA/Roth IRA account! 

So basically you can invest and let it grow tax free $5,500 into IRA/Roth PLUS 25% of your self employment earnings. I was surprised when I learned this fact!

Read SEP FAQs Plan Here - IRS website

Thanks for reading

My Watch List for this Week

My watch list for this week include these stocks:

ABT - Abbott Laboratories - Healthcare is trading close to 52 weeks low at $36.96 with Analyst Price target low $44 and high $49.
Div&Yield: 2.74% for more than 15 years.

I am watching this stock for a while. I am not a big fan of pharmaceutical companies and my plan is to get rid of some in my portfolio, but this one looks fine to me to invest in.


BUD - Anheuser-Busch InBev SA/NV - Beverages- Brewers is back to my watch list because the price of this stock is down to $122 with Analyst price target low $121.70 and high $145.
Div&Yield: 3.97% for 7 years.

RGR - Sturm, Ruger & Co. Inc. - Firearms and Castings trading at $64.65 right now, with Analyst Price target low $68 low and high $80. I don't like firearms much and if I pick this one, I will go with not so many stocks just for portfolio diversification.

Div&Yield: 2.17% for more than 15 years.

What stocks do you have on your watch list for this week?

Thanks for reading and please share your opinion.

Stocks I bought this week

Besides my Loyal3 May purchases this week 

I also purchased

10 shares of AAPL - Apple

21 shares of VLO - Valero Energy

As usual I like that both stocks are trading below Analysts predictions.

Thanks for reading.

Loyal3 May Purchases and Dividends

I opened my Loyal3 account in October 2015 and I keep truck of my posts here. 

May Purchases:

$100 - AAPL - Apple
$50 - GPS - GAP
$42 - NOK - Nokia
$30 - KSS - Kohl's
$30 - M - Macy

Total of $252.00

May Dividends:

AAPL	$1.20
YUM	$0.34
Total	$1.54

Thanks for reading!

April 2016 Dividends and Passive Income Progress

In April I bought  20 shares of CCL - Carnival Corporation. 
I wrote about my purchase here.

Plus I purchased more stocks in my Loyal3 account. 
It was for two months (March/April).

Dividends received in April 2016:

AUY	$0.88
VER	$32.07
BNS	$14.68
BCE	$18.80
CHSP	$15.25
CSAL	$19.53
FCPT	$3.64
GPS	$0.94
GSK	$77.75
KO	$18.47
M	$0.92
NKE	$1.80
PM	$11.57
STOR	$0.63
UFS	$14.99
WFM	$3.15
WMT	$1.25
WIN	$4.17
Total	$240.49

This is 62.6% increase comparing to April 2015.

Here 2014/2015 vs 2016:

2014	Jan	Feb	March	Apr	May	June	July	Aug	Sept	Oct	Nov	Dec
	$48.61	$12.44	$63.58	$90.04	$65.67	$126.98	$122.68	$118.36	$185.28	$93.18	$123.70	$263.68
									Year to date			$1,314.20
2015	Jan	Feb	March	Apr	May	June	July	Aug	Sept	Oct	Nov	Dec
	$78.69	106.39	333.50	150.77	128.34	298.21	118.30	122.05	361.36	184.44	113.44	316.17
									Year to date			$2,311.66
2016	Jan	Feb	March	Apr	May	June	July	Aug	Sept	Oct	Nov	Nov
	$183.80	104.48	445.07	240.49
									Year to date			$973.84

Additional passive income or free money from different financial institutions:

Interest:                                                          $14.09

Points AMEX                                                  $38.14

Points Discover                                              $17.55
JC Penney/Palais Royal/Best Buy                 $50.00

My total financial passive income for the month of April was $360.27

At this moment my goal is to have $1k in monthly passive income from dividends and other financial institutions. 

I started tracking my passive income Summer 2014

2014 Passive income
June           $261.00
July            $209.67 
August       $235.62 
September  $212.97
October      $140.37
November  $207.05
December   $377.91

2015 Passive Income

January     $167.44
February    $279.29
March        $397.80
April          $202.48
May           $229.70
June          $368.21
July           $205.56
August       $254.16
September  $494.20

October      $231.18
November  $268.28

December   $458.46

2016 Passive Income
January     $298.49
February   $332.39
March       $500.67

Thanks for reading and please share your thoughts and progress.

Project: Dividend Stocks for Teenager April Dividends update

I wrote how we started Dividend Stocks portfolio for my daughter and keep track of our progress here.

We didn't purchase any stocks in April.

Overall portfolio gain so far is +6.5%, it would look much better if LHO would not be so lucking but hopefully it will get better soon. :)

LHO paid  $19.11 in dividends this month and it was the only one dividend stock this month.

Here is the dividends month by month:

2015

jan

feb

mar

apr

may

june

july

aug

sep

oct

nov

dec

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

49.81

18.7

28.91

50.27

Total

147.69

jan

feb

mar

apr

may

june

july

aug

sep

oct

nov

dec

2016

18.73

41.03

52.35

19.11

Total

131.22

Thanks for reading and please share your thoughts.