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Retirement Strategy: The Uncomfortable Facts Of Aging Retirees, Plus Some Investing Suggestions

Jun. 11, 2020 1:03 PM ETAPPL, DIS, ED, JNJ, MO, MSFT, O, PEP, PG, T, XOM411 Comments
Regarded Solutions profile picture
Regarded Solutions


  • Those of us retirees who are in our 70s, 80s, and older face unique issues that youthful investors should at least be aware of.
  • Time and tide wait for no one.
  • Facing reality is not a walk in the park.

This article might touch some nerves and open some minds at the same time. I will try to be concise and direct but keep in mind that life's reality is difficult to face for many folks. At the same time, I will offer some dividend income growth suggestions for us older folks who are already retired and might have been for more than 10 years or more!

We Are Human

From the moment we are born the clock starts ticking. We have no alternative but to realize that we will all die at some point. If we are lucky, we will dodge lots of bullets as we take our personal journeys through life and wind up very old, surrounded by family and friends.

If we are smart, we would have prepared for the later years, with retirement, and having no paycheck to support ourselves. Knowing your personal priorities will go a long way to securing a sound future, both financially as well as personally. The sooner you can embrace this ultimate reality, the better off you WILL be.

Many actuarial tables show varying ages of life expectancy but I find the one that is used by the Social Security Administration to be the most reliable. The reason for that is they need to budget future expenditures which helps develop the entire budget every year for the USA. If you take the time to read this report, you will have a clear idea of how every insurance company (as well as the SSA) base their rates and payments for their entire life insurance business model.

Here are the actual charts used by the SSA to project its budgets and shortfalls:

As of right now, the average life expectancy for females is about 82, and for males, 77. I know these are averages from birth but

  • Vanguard Dividend Appreciation ETF (VIG)
  • ProShares S&P 500 Aristocrats (NOBL)
  • SPDR S&P Dividend ETF (SDY)
  • Schwab U.S. Dividend Equity ETF (SCHD)
  • iShares International Select Dividend ETF (IDV)
  • iShares Core Dividend Growth ETF (DGRO)
  • WisdomTree U.S. MidCap Dividend ETF (DON)
  • First Trust Value Line Dividend Index Fund (FVD)
  • Invesco S&P 500 High Dividend Low Volatility ETF (SPHD)

This article was written by

Regarded Solutions profile picture
We mourn the loss of Alan Saltzman aka Regarded Solutions who lost his long battle with a terminal illness and departed on April 6th, 2021. Alan was a veteran contributor who started his journey with Seeking Alpha in 2011. He published more than 1000 articles and built a strong readership base of close to 80,000 followers. His contributions and expert guidance on retirement strategy will be immensely missed by Seeking Alpha and its readers._______________________________________________________________________My life's journey through retirement in my later years. and my suggestions going forward! Keep it Simple, Smart, and Safe!Stage 4 cancer.....2 years ago I couldn't focus...I stopped writing etc.....went on chemo, had to make stuff easy for my wife.....got out of all equities and now have fixed income and private family investments.Thanks for your support RS

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: The opinions and the strategies of the author are not intended to ever be a recommendation to buy or sell a security. The strategy the author used in his past worked for him, and it is for you to decide if it could benefit your financial future. Please remember to do your own research and know your risk tolerance.

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