How much do you need to save to retire comfortably? Not as much if you think if you buy the right monthly dividend payers.
How you invest your retirement portfolio is more important than how much you have. Especially today, with “dumb” retirement money collecting just 1% in safe bonds.
That 1% won’t even get it done if you save the $1.7 million most Americans believe they need. (And don’t worry, they are wrong anyway. You don’t need nearly that much money to retire on dividends alone.)
Financial experts are incorrect, too. Here is more advice based on, well, not knowing which dividends to buy in retirement:
- The AARP says you’ll need $1.18 million to generate $40,000 a year.