MCD - 5 Reasons McDonald's Stock Is an Ideal Income Investment to Buy and Hold Until Retirement
2023-11-29 05:10:00 ET
If you want to retire comfortably, you'll need close to $1.3 million by the time you're ready to stop working. That's the magic number Americans estimate they'll need, according to a survey from Northwestern Mutual earlier this year. It can seem like a staggering amount of money.
But even if you don't reach that total, by maximizing your returns and growing your portfolio as much as you can, you'll set yourself up for a better retirement.
One dividend stock that can help grow your portfolio's value and generate massive dividend income for you over the years is McDonald's (NYSE: MCD) . Here's why this can be an ideal stock for buy-and-hold investors to hang onto for the long haul.
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5 Reasons McDonald's Stock Is an Ideal Income Investment to Buy and Hold Until Retirement