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Strategies & Market Trends : Dividend investing for retirement
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To: chowder who wrote (3861)2/23/2010 9:22:40 PM
From: Debt Free  Read Replies (2) of 34328
 
Dabum

your comment about the thread title got me thinking again about asset allocation as one gets closer to retirement. I am constantly surprised when I read that as one approaches retirement that one needs to change their asset allocation from stocks towards bonds.

These comments seem to be almost universal in their line of thinking but I do not recall ever reading a single article that also dealt with the "fixed Income" aspect of Social Security. By this I mean that for myself where I will get both a pension and SSI (I am extremely blessed this way) that I will already have a large portion of my monthly income "fixed" in nature and that if I move more towards bonds as recommended by the experts that in my case, would be the wrong answer.

I guess my point is that in all of the discussions about the need for dividend income, we need to keep in mind that our SSI is similar in nature to receiving dividend income. For instance, if one was to receive $1,000 per month from SSI that equates to a dollar investment in a stock yielding 4% of $300,000.

In my case where I am also going to be receiving a pension, I am planning on ignoring the advice of these "experts" and do what makes sense in my situation and based on the conversations that have occurred on this thread over the last couple of months I expect that I am not alone in thinking for myself.

Thanks to all for a great thread and the healthy discussions that we have been having.

DF
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