After reviewing our Q2 2012 financial status, I've decided to evaluate a strategy of using regular income dividend paying stocks, instead of income from capital gains, to cover our retirement expenses. In the past, I would have considered CDs or money market funds which paid about 5%. However, with the Fed keeping interest rate I am getting almost 0% on our cash and slightly more on short term CDs.
For now, I still think the market has more downside than upside potential. So I am mainly developing a list of dividend paying stock to consider once the market experiences a correction.
For more on New Beginnings, check back every Sunday for a new segment.
This is not financial or investment advice. Please consult a professional advisor.
Copyright © 2012 Achievement Catalyst, LLC
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