2024-03-12 07:15:00 ET
Summary
- High-yielding stocks can dramatically improve your retirement.
- Living off of passive income makes budgeting easier, reduces the sequence of returns risk, accelerates the retirement timeline, and enhances peace of mind.
- We share three 9-10% dividend yields that are very unlikely to be cut and have strong growth momentum right now.
Retiring on dividends from quality high-yielding stocks is a great way to meet financial needs during the golden years because:
- It provides a clearer picture of how well your portfolio is prepared to sustain your lifestyle during retirement
- It reduces the sequence of returns risk given that dividend payouts tend to be much less volatile than stock prices
- It can enable you to retire sooner than you would under the 4% Rule.
- It can give you peace of mind during market crashes since your retirement income stream is not dependent on where stocks trade at any given time
Read the full article on Seeking Alpha
For further details see:
Retire With These 9-10% Dividend Yields In March 2024