JET1C

The High Dividend Stock Investor's Collapsing Dollar Survival Guide, Part 5

I'm a little suprised that no one has mentioned Oil and Gas Trusts for income. My retirement plan has, for some years, been to invest in hi-yield issues and I have found that Trusts are an excellent source. Now that I have retired, my plan is working very well, even in this recession market time.

Try this plan:
Take your social security for both you and your wife, add any retirement that you might have coming from your working years and your should be nearly up to half of your pre-retirement income. To maximize the benefit, work to full retirement (67) if possible.
All of us being investors in this forum, I will assume that everyone will have a nest egg to work with when we reach retirement age. Invest your nest egg in Hi Div stocks from all sources, and I don't mean the hi div's that the "advisers" talk about. You know, like 0.5% or maybe even 1.3% (those guys drive me nuts). Look in the industrial sectors, natural resources or utililties, something that pays more than the 4 - 5% recommended that you withdraw from your IRA each year. It isn't really very hard to get more than the 4 - 5% and this will filling the remainder of your required income for retirement. Check out Harry Domash's Dividend Detective website for a starter in your search for Hi Dividends.
Now, of course, this advise is for the working stiff, not the CEO's among us and certainly not the Madoff's of the world. Study hard and be careful. Happy and prosperous retirement.