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Strategies & Market Trends : Dividend investing for retirement
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To: geoffrey Wren who wrote (26491)2/6/2017 10:35:12 PM
From: TigerPaw  Read Replies (1) of 34328
 
purchase of an annuity

I have what I call the "three legged stool" of retirement. There is a dividend oriented stock portfolio, there is real estate (rental properties), and there is a combination of an annuity and social security as the third leg.

The third leg is problem free (not including inflation) but provides no legacy for my kids. I hope to leave them real estate and enough funds to ensure they can get the real estate free and clear. That could change but that's the current plan. In the mean time the rents and dividends provide the money my wife and I live on while the constant payment portion pays mostly taxes and fixed expenses. (money is fungible, but that's the way I tend to allocate it).

Leg1 and Leg2 of that stool both need periodic attention. Property always needs maintenance or to find new tenants. The stocks undergo spin-offs or black-swan events.

My kids are busy building their own lives. My son lives in LA. My daughter lives here in town but may move if her own family circumstances lead to it. I'd trust them, but running finances long distance is a mess (my wife manages her father's accounts at a distance and there is always some problem).

That leads back to an adviser or manager, and finding one which could handle both wall street and real estate seems an impossible task. Property management companies are even more expensive and troublesome than stock brokers.

My retirement has been running smoothly, but the pending changes with Scottrade have exposed that my next phase of retirement is not so well thought out. I need a vacation.
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