[JaxRed]

That is the traditional model. Build up as much money as possible, then close to retirement switch to conservative investments and live off the stream and or take money out to live on. However that depends on being "lucky" in your retirement income. For example people that retired in early 2008 versus 2009 when the value was 50% less. In addition, stock market folks refer to the last decade as the "lost decade" because after all the ups and downs, people ended up just treading water.

But not Dividend Growth Investors, they did great over the last decade (they do well every decade). Everyone knows the value of compounding. Essentially, Dividend Growth Investors are going for Double Compounding. Buying stocks that pay dividends and get compounding, and then the stocks are raising their dividends.