RILYP - 2 Bargains I Am Buying Hand Over Fist Yield To 8.5%

2024-06-05 07:35:00 ET

Summary

• We are exploring a steady way to achieve a $2 million nest egg through strategic dividend investing.
• High-yield dividends let you build long-term wealth while providing usable current income.
• We discuss two picks with up to 8.8% yields for a comfortable retirement.

Co-authored with Hidden Opportunities.

It is often considered a milestone to hit a liquid net worth of $1 million. Its sufficiency for retirement entirely depends on how you invest it. The outdated 4% withdrawal rule, often considered the gold standard for retirement, will show that you can “sustainably” withdraw $40,000 annually from such a nest egg. But given today’s cost of living and projected inflation, this annual income may not be sufficient for your needs. Americans now believe $2 million would be a comfortable nest egg for retirement. While our investment methods differ significantly from the famous 4% rule, we will entertain this target and discuss how it can be achieved with dividends....

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