Introduction
Relying on dividend income to meet the financial needs of retirement is my vision for a healthy and stable retirement. To achieve the level of dividend income needed to cover most living expenses, a savings and investing plan is required. I call my plan RetirementRx. RetirementRx was started in 2013 with a target retirement income equal to my 2013 salary ($120K) adjusted for 2% inflation which can be achieved by a long-term dividend growth rate of 8% and a 4% increase in yearly cash contributions. I started reporting my plan’s progress in 2017