JEPI - Retirement Picks: 8 Fat Monthly Dividends For April 2024
2024-04-01 10:10:00 ET
Summary
- Investing in high-yielding monthly dividend payers can significantly enhance your retirement.
- We discuss several reasons why.
- We discuss eight quality high-yielding monthly dividend payers.
Generating significant monthly passive income from dividend stocks can transform your approach to investing for retirement. The monthly frequency of the passive income offers psychological stability during market volatility since it provides regular tangible rewards for holding dividend stocks through thick and thin, whereas holding only quarterly paying dividend stocks provides this positive feedback on a much less frequent basis. Moreover, the monthly passive paycheck makes it easier to budget for retirement living expenses since prior to retirement most people budget based on their monthly or biweekly paycheck. In contrast, a quarterly dividend check requires retirees to budget over a much larger period of time, which can make it harder to remain financially disciplined with those larger-sized checks and longer timeframes over which to stretch them out. Last, but not least, living off of the passive income that comes from monthly dividends frees retirees from the need to work once passive income exceeds their living expenses and also reduces the sequence of return risk, thereby providing peace of mind during market downturns....
Retirement Picks: 8 Fat Monthly Dividends For April 2024