If you are looking for something that will throw off large amounts of income over the next decade, the possibility of stuffing your IRA with shares of the real estate investment trust W.P. Carey (WPC) seems like one of the smartest decisions you can make to get some passive income flowing. There is also the psychic reward of knowing those cash dividends would require taxation at ordinary income rates if held in a taxable brokerage account but can build up undisturbed if held in an individual retirement account. Theis ability to elide taxation is a reason why I consider attractive REITs to be an ideal retirement holding–a good chunk of the total return comes from cash dividends, and the gusher really opens up when you let the share count increase for years and years.
Right now, W.P. Carey pays out a $3.96 dividend. The payout goes up about half a … Read the rest of this article!