3 Great Stocks for Your Roth IRA
A Roth IRA is funded with after-tax earnings, but any cash you pull out of the account after retirement is tax-free income. So it makes sense to put dividend-paying stocks into your Roth IRA. Thus turning dividends into a tax-free stream of retirement income to help supplement your Social Security payments.
To this end, high-yielders Duke Energy Corp (NYSE: DUK), ONEOK Inc (NYSE: OKE), and Tanger Factory Outlets Centers Inc. (NYSE: SKT) are all great stocks to add to your Roth IRA wish list today. Here's a quick rundown on each.
Duke Energy is one of the largest electric and natural gas utilities in the U.S. It currently offers investors a 4% yield, around twice what the broader market is offering. Dividend growth is expected to track along with earnings growth in the 4% to 6% range over the next few years.
Source: Fool.com
Tanger Factory Outlet Stock
Currently there is a rather positive sentiment for Tanger Factory Outlet with 3 Buy predictions and 1 Sell predictions.
As a result the target price of 34 € shows a slightly positive potential of 1.8% compared to the current price of 33.4 € for Tanger Factory Outlet.
