Can You Live Off Your Dividends and Dividend Income in Retirement?

We all invest for the same end result – to sustain our retirement or lifestyle when we are older. All of us have different goals and reasons, but the end result is the same. How much can we safely withdraw from our portfolio without depleting our original investment capital? Does a primarily 100% dividend stock portfolio support a retirement income? Is it possible to live off dividends? It definitely is! Here’s what you need to earn a dividend income in retirement and live off your dividends. The ...

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How To Set and Achieve Dividend Retirement Goals

This is a guest contribution by Ben Reynolds at Sure Dividend.  Sure Dividend uses The 8 Rules of Dividend Investing to find high quality dividend growth stocks suitable for long-term holding. The ‘holy grail’ of a dividend investing is when dividend income exceeds your monthly expenses.  At this point, you are completely financially free.  You can retire (if you choose) on your own terms knowing your expenses are taken care of by your investment portfolio. It sounds so simple.  ‘Just build ...

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Better Late Than Never: How to Save for Retirement After 40

Once people reach their mid fifties, they finally start seeing the light at the end of the tunnel. It’s around this time that they start to plan for what they’ll do once they retire, imagining lazy afternoons on the golf course or having lunch with friends. They often envision the trips they’ll take with spouses and all the wonderful extra time they’ll spend with their family. But what if you haven’t started saving yet? What if you’re in your forties and had to ...

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The TFSA Goldend Nest Eggs

Don’t Use Your TFSA as a Savings Account

According to a recent post by Garth Turner, the gift, only 4 in 10 Canadians have a TFSA (Tax Free Savings Account). Of those only half actually do anything with it. In addition 80% of people with a TFSA have it sitting in high interest savings accounts. Garth writes: “Despite being able to shelter all this money from any kind of tax, most don’t. Only four in ten people have a TFSA, even five years after it was created. Of those only half actually contribute to them. And (are you sitting?) eighty ...

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