Re: Anyone want to talk stocks and retirement?
Part 2 -
So that became my plan. To make my own Dividend Growth Portfolio out of our existing IRA's to supplement my pension and social security. I would do this in a Self-Directed IRA.
As I started doing the research on the stocks, etc. It became evident that for someone getting ready to retire, the "McDonald's" of the world are a little too "safe". McDonalds is paying only about 2.9%. If you have a 20 or 30 year window that works, but if you want to generate current income with a little growth, you have to find stocks with a higher dividend.
You have to be careful. Many time a high dividend rate means the company has fallen on hard time and they are about to cut the dividend. So it pays to do some DD (due diligence).
I found a good site called Seeking Alpha where people share investment ideas. And there is a whole area about Dividend Investing. So that's what I've been doing for last 3 weeks or so. Researching and buying stocks for my Self-Directed IRA. Around May 15th the first dividends will start arriving.
So if this area if of interest to anyone, feel free to discuss.