2024-05-03 11:28:02 ET
Summary
- Retiring on dividends provides a steady stream of passive income, reducing the risk of relying on stock appreciation for retirement funding.
- I share the four keys to picking winning dividend stocks for retirement.
- I explain why EPD is the best option available for retiring on passive income.
Retiring on dividends is a great way to enjoy your golden years because it allows you to live off a steady stream of passive income. This mitigates the sequence of returns risk that comes with depending on capital appreciation from stocks to fund your retirement. The forward outlook for the broader stock market is perhaps weaker on a risk-adjusted basis than ever before given that the S&P 500 ( SPY ) is currently significantly overvalued based on numerous metrics , and with growing uncertainty about when, or even if, interest rates will get cut, prominent businessmen like Jamie Dimon have warned that interest rates could actually rise even further . On top of that, geopolitical tensions are soaring that could potentially spiral into a major global conflict and even plunge the world into a recession or depression....
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If I Could Only Retire With One Stock, It Would Be Enterprise Products Partners