Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits.
Todays column addresses whether to take spousal benefits at FRA, who’s affected by the new law, the WEP and Canadian pensions, the availability of spousal benefits and whether Social Security benefits must replace SSI benefits. Larry Kotlikoff is the founder and president of Economic Security Planning, a company that markets Maximize My Social Security, a Social Security benefits calculator referred to in this post.
See more Ask Larry answers here.
Ask Larry about Social Security:
Should I Take Spousal Benefits At 66?
Hi Larry, I will be 66 in a couple months. My wife started receiving her retirement benefit in 2008. Should I claim a spousal benefit when I turn 66? My concern is that if I claim a spousal benefit based on her record when I reach 66, I will be unable to claim my retirement benefit based on my record, which is much higher, when I finally cease working. I’ve heard both sides of this from different experts. Thanks, Miles
Best Canadian Stocks For 2018: Chipotle Mexican Grill Inc.(CMG)
- [By Stark Merrifield]
Bill Ackman: Fifty-year-old Ackman’s career began in 1992 when he and fellow Harvard graduate David P. Berkowtiz founded the investment firm Gotham Partners. The firm’s high-profile bid for Rockefeller Center in New York caused investors to flock to the firm, growing it to $500 million in assets. Then in 2004, with $54 million in personal funding, Ackman started Pershing Square Capital Management. Through Pershing, Ackman’s bought significant shares in companies like Wendy’s Co. (Nasdaq: WEN ), Target Corp. (NYSE: TGT), Chipotle Mexican Grill Inc. (NYSE: CMG), and Valeant Pharmaceuticals International Inc. (NYSE: VRX). Today, Ackman is worth $1.4 billion and is No. 256 on the Forbes 400.
- [By WWW.THESTREET.COM]
Sometimes it’s a little subtle. Take Chipotle (CMG) . The numbers looked terrible, but if you had followed the company’s numbers trajectory, you would have realized that the company is seeing the beginning of the turn in business that we’ve been forecasting.
- [By Brian Stoffel]
Coming out of the Great Recession, Chipotle (NYSE:CMG) was an investment phenomenon. The company somehow found the magical combination of expanding its number of stores while simultaneously achieving rapid growth at its existing locations.
- [By Rick Munarriz]
Just when you thought that a return to positive comps would spell an end to the giveaways thatChipotle Mexican Grill(NYSE:CMG)sprinkled through 2016, the former fast-casual darling is back with another online game where everybody’s a winner.
Best Canadian Stocks For 2018: 3M Company(MMM)
- [By WWW.THESTREET.COM]
We saw this pattern with 3M (MMM) , one of my favorite stocks, which got crushed, falling from $177 to $173 because of what the headline writers called a weak consumer-products division. Sure, you can pull a line and see an unexpected decline. But declines do not necessarily mean weakness, which, to me, connotes a failure to have the right product and flagging sales. If you go listen to the conference call, you discover that the weakness had to do with a particularly retailer’s troubles. Sure, you could argue, why do we trust this company? I come back and say, you trust them because CEO Inge Thulin has been money in the bank for years and there’s no reason not to trust him.
- [By Chris Lange]
3M Company (NYSE: MMM) is set to report its second-quarter results on Tuesday. The analysts consensus estimates call for EPS of $2.54 and $7.86 billion in revenue. Shares of 3M were changing hands at $211.07 at Fridays close. The consensus price target is $205.09, and the 52-week range is $163.85 to $214.57.
- [By Keith Fitz-Gerald]
First, the Dow dropped below 19,800 points with two stocks – The Goldman Sachs Group Inc. (NYSE:GS) and 3M Company (NYSE:MMM) – experiencing a $3.26 billion selloff alone. Big banking stocks including Wells Fargo & Company (NYSE:WFC) and JPMorgan Chase and Co. (NYSE:JPM) sold off far more severely than the S&P 500 itself. Tech stocks were more or less unscathed, with the exception of Alphabet Inc. (NasdaqGS:GOOG), which received a 2.55% buzzcut of $26 per share.
- [By Demitrios Kalogeropoulos]
Investors looking for brighter prospects should consider two other blue-chip giants, 3M (NYSE:MMM) and Johnson & Johnson (NYSE:JNJ). Both are exposed to the consumer goods industry, but also get significant chunks of sales and profits from faster-growing segments.
Best Canadian Stocks For 2018: Talisman Energy Inc.(TLM)
- [By Jayson Derrick]
On the other hand, the analysts are Underweight on Eni SpA (ADR) (NYSE: E), Repsol Oil & Gas Canada Inc (USA) (NYSE: TLM) and OMV AG given their asset bases, which offer an inferior risk to reward profile and limited differentiation in cost reductions.
Best Canadian Stocks For 2018: Transcananda Pipelines Ltd.(TRP)
- [By Matthew DiLallo]
Energy infrastructure companies ONEOK (NYSE:OKE) and TransCanada (NYSE:TRP) are both emerging from the energy market downturn as stronger entities. Each made smart acquisitions, with TransCanada buying U.S. gas pipeline company Columbia Pipeline Group, while ONEOK is in the process of gobbling up its MLP,ONEOK Partners (NYSE:OKS). While these deals enhanced the growth profiles of both companies, TransCanada still stands out as the better buy for long-term income investors. Here’s why.
- [By Ben Levisohn]
In a number of articles recently, following the US recent revival and potential approval of the previously blocked Keystone XL pipeline, a number of estimates have been provided suggesting a pending boom for the US steel industry is on the horizon (and US steel stocks have reacted in kind). In fact, this optimism, we believe, peaked today when a report from one of our competitors was published claiming that, the keystone XL pipeline could increase line pipe demand by 14.7% for 2 years. The problem here, we believe, rests with the facts that: (a) TransCanada (TRP) has already taken, and paid for, the steel to build the Keystone XL pipeline (the steel currently sits in storage facilities in both Regina, Canada and Arkansas, United States), (b) neither US Steel (X; SELL), AK Steel, Steel Dynamics, or Nucor have the ability to make the specialized steel required for the miles of pipe associated with this project, to include both the thickness and pressure requirements , according to this article from Reuters, and (c) assuming some of the pipe does need replacement, this would likely come from international steel makers who are capable of producing the specialized steel (again, as highlighted in this Reuters article).
- [By WWW.KIPLINGER.COM]
Energy stocks were driven by a hefty dose of M&A during the third quarter. And that will drive returns for TransCanada Corporation (TRP) during the next one.
- [By Paul Ausick]
That includes pipeline companies like Kinder Morgan Inc. (NYSE: KMI), which already operates a pipeline transporting natural gas from Texas into Mexico, and master limited partnerships (MLPs) Energy Transfer Partners L.P. (NYSE: ETP) and TransCanada Corp. (NYSE: TRP), the company that has (so far) failed to get U.S. approval for its Keystone Pipeline expansion from Canada’s oil sands across the U.S. border.
- [By Matthew DiLallo]
After a series of setbacks in its attempts to build new oil pipelines, Canadian pipeline giant TransCanada (NYSE:TRP) completed a transformation transaction to acquire U.S. natural gas pipeline company Columbia Pipeline Group for $13 billion, which includes the assumption of debt. The key to that deal was that it increased the combined company’s near-term project pipeline to 23 billion Canadian dollars, which supports TransCanada’s ability to increase its dividend by 8% to 10% annually through 2020. After completing that deal, TransCanada made a bid to acquire all of the outstanding units that it did not own of affiliated MLP Columbia Pipeline Partners (NYSE:CPPL) in a transaction valued at $915 million. These acquisitions solidified TransCanada’s natural gas pipeline growth ambitions, enabling it to diversify away from oil pipelines.
Best Canadian Stocks For 2018: Wells Fargo & Company(WFC)
- [By Laurie Kulikowski]
We rate WELLS FARGO & CO as a Buy with a ratings score of A-. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company’s strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in stock price during the past year, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- [By Money Morning Staff Reports]
Represented are Wells Fargo & Co. (NYSE: WFC), Coca-Cola Co. (NYSE: KO), and Kraft Heinz Co. (Nasdaq: KHC), just to name a few.
The Berkshire portfolio has 34 dividend stocks in total; of those, eight yield dividend returns in excess of 3% annually, according to Buffett’s latest SEC 13F filing on Feb. 14, 2017.
- [By Zacks]
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Comerica Incorporated (NYSE: CMA): Free Stock Analysis Report
Wells Fargo & Company (NYSE: WFC): Free Stock Analysis Report
Citigroup Inc. (NYSE: C): Free Stock Analysis Report
Wintrust Financial Corporation (NASDAQ: WTFC): Free Stock Analysis Report
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Zacks Investment Research
- [By Ben Levisohn]
Bank stocks have had quite a run since Donald Trump’s 2016 presidential election victory–such a run, in fact that Baird’s David George and team worry that most of the benefits of “potential improvement in macro growth, regulatory relief, and corporate tax reform” seem priced into their stocks. They recommend investors “selectively reduce bank exposure” but still like Wells Fargo (WFC), which they call a “top buy idea.” They explain why:
- [By Jim Cramer]
WELLS FARGO & CO’s earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, WELLS FARGO & CO increased its bottom line by earning $4.10 versus $3.89 in the prior year. This year, the market expects an improvement in earnings ($4.16 versus $4.10).