Retiring on Dividends

7 Insights From My Journey To Creating a Sustainable Retirement Income Stream

As I began preparing for my retirement two years ago, it became clear to me that having a source of retirement income (next to good health) is a pre-requisite for successful retirement living. After careful research, I concluded that the 4% Rule — a guideline used by financial planners and retirees to estimate a comfortable but safe income for retirement — was outdated due to longer life expectancies. The alternative I concluded, is to retire on dividends. As a dividend income approach does not require me to touch my capital, this approach will provide me with a perpetual lifetime income and the possibility of generational wealth for my children.

The following are 7 Insights I have gained since I embarked on my personal journey to build my dividend retirement nest egg. If you’re considering following a similar path, I hope these will be of help to you.

1. Why Dividend Investing ….

Over the past two years, I’ve come to appreciate the stability and consistent income that dividend investing provides. I’ve witnessed firsthand how dividends cushion downturns and compound over time. I believe that dividend investing offers a powerful combination of stability, growth, and income, making it…