10-27-2013, 04:06 PM
(10-27-2013, 03:48 PM)Kerim Wrote: I've never really understood why so many people treat this as an either/or proposition. I'd love to develop a big enough income stream from dividends that I can enjoy a long and posh retirement without dipping into the capital, but that seems pretty unlikely to happen. More likely, the income stream that I develop will lessen the withdrawals required, allowing me to enjoy a comfortable retirement with a moderately sized nest egg.
Your probably further ahead than the majority. When one is young or even middle aged the possibility of saving a large enough pile seems unrealistic. However, if one recognizes the advantage and need of saving for retirement at a reasonable age, then you very likely will reach the unattainable.
I'll bet by the time you are in your 50's you'll be adding double, triple or more per year to your retirement fund.
DG will increase the odds considerably and probably your income will be more than enough to meet your basic needs.