Each of these high-quality dividend stocks boast attractive yields, and you can expect them to grow their payouts even more. That's a powerful 1-2 combo for retirement income.
Once upon a time, if you were planning to retire, the
traditional wisdom was the "4% rule." You withdraw 4% of your savings
in the first year of retirement, followed by "pay raises" in each
subsequent year to account for inflation. The idea is that, if you're invested
in a mix of dividend stocks, bonds and even a few growth equities, your money
should last across a 20-year retirement.
But the world looks much different today. Stocks and bonds
are slumping as interest rates jump from historic lows, making future expected
returns and withdrawal rates less comfortable to forecast. Complicating
retirement planning even further is the fact Americans are living longer than
ever before and face the highest rate of inflation in a generation.
If you're wondering how to retire without facing the
uncomfortable decision of what securities to sell, or questioning whether you
are at risk of outliving your savings, wonder no more. You can lean on the cash
from dividend stocks to fund a substantial portion of your retirement without
touching your principal. Indeed, Simply Safe Dividends has even provided an
in-depth guide about living on dividends in retirement.
With the market selling off in 2022, investors can find many
stocks yielding 4% or more currently. And if you rely on solid dividend stocks
for that 4% annually, you won't have to worry as much about where the market
heads from here so long as those payouts remain on solid ground.
Read on as we explore 20 high-quality dividend stocks that
should fund at least 20 years of retirement, if not more. Most of the names
featured here yield well above 4%, and each has paid uninterrupted dividends
for more than two decades, has a fundamentally secure payout and has the
potential to keep growing its dividends to protect investors' purchasing power
over time.
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