Originally Posted by JaxRed
I debated whether to post this, because I don't want it to be taken badly by anyone, but here goes......
I'm just about at retirement so what I'm doing with my stock investments is to provide an income stream to supplement my retirement without touching the principal. So I'm consolidating/moving IRA's etc into a IRA Brokerage account. Not done yet, and started 6 weeks ago.
But yesterday we got our first dividends.
About $850. We are on pace for about $1000 a month. The point is, following a dividend strategy can provide a very nice supplement to your retirement income without pulling any money out.
Nice. Your an old fart though
. Thats eventually my plan but I have a long time until then.
Just recently I have been lightening up on some of my stocks that have had a nice run and didn't really have any dividend protection. This Greece situation isn't going away anytime soon and we have seen the same thing happen the past two summers where the Greeks (and other Europeans) begin to act up.
I have a few dividend paying stocks picked out and ready to go if the market takes a little dip here.