BRT - 2 Big Dividend Stocks To Add: 7% Income Retirement Series - Part 3

2024-04-27 09:30:00 ET

Summary

• Income from investments becomes more important as you approach retirement age, and closing the gap between investment income and spending needs is crucial for financial freedom.
• Reinvesting the income from high dividend yield stocks can help grow your dividend income a lot faster, as well as compound your capital over time.
• We write about two big dividend stocks that would provide an average of 6.5% stable dividend income for the foreseeable future. One of them is high quality, while the other one is undervalued.

We are writing this article as part of a 12-part series, usually with a monthly article, where we suggest two high-income dividend stocks each time. Over the course of the year, we hope to have roughly 20-25 such stocks and a portfolio with 7% sustainable and reliable income. A million dollars invested in such a portfolio should generate $70,000 of income on an annual basis. Here are the links to our previous articles in this series. ...

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