Book Review: Retire With Dividend Growth - A Better Way By Dan Mac

by: The Dividend Engineer

Retire with Dividend Growth is a new ebook by Dan Mac, the writer behind the Dividend Growth Stock Investing blog (a great blog by the way).

Broadly, as the title of the book implies, the book is about retiring using a dividend growth stock strategy. Though the book addresses a relatively dry subject: stock investing for retirement, the book remains easy to read and is written in a very accessible way.

If you already are a dividend investor committed to building a diversified portfolio of dividend stocks to fund your retirement, this book will confirm what you already know. However, if you are looking for a better way to build a portfolio of stocks for your retirement and don't know where to start, this book is a pretty good place to start.

In it, you will learn why the commonly accepted "4% Rule" won't guarantee that you will have enough money to last your whole retirement, why dividend growth investing is a better way to achieve your financial goals, and how to achieve those goals. In that sense, the book is very practical, proposing the readers several exercises at the end of some chapters to put into practice what they have read.

Moreover, the methodology presented in the book allows the readers to calculate how much money they need to fund their retirement, how much they need to put away each month, and how to actually find the dividend growth stocks that will make up their portfolios.

With respect to the selection of dividend growth stocks, the book lists a series of criteria and metrics than can be used to filter out the best stocks.

The only two "negative" points I would mention are the fact that the chapter about the various saving accounts is very U.S.-centric, so non-US residents might not find this chapter very useful, and the fact that inflation is not taken into account in calculating the required amount of money for retirement. In my opinion, inflation should be taken into account since the value of money tends to decline overtime. If you need $50k to live today, you will need about $120k to live in 30 years assuming an inflation rate of 3%.

In the end, I would recommend this book to anyone interested in managing their own retirement account but not knowing where to start and how to do it.