AMLP holds a concentrated basket of midstream MLPs that earn fee-based revenue by moving oil, natural gas, and refined products through pipelines and processing facilities. These companies collect tolls on volumes transported rather than betting on commodity prices, creating relatively predictable cash flows.
Tax-sheltered retirement plans offer the convenience of automatic investments and tax breaks-pretax contributions and tax-deferred compounding for traditional 401(k)s and tax-free compounding and withdrawals for Roth contributions. But the availability and quality of the 401(k) are also important considerations. Some workers don't have access to an employer-provided retirement plan, and 401(k) quality can be uneven. High administrative costs, meager employer matching contributions, and costly investment lineups can detract from 401(k)s' tax-saving features.