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58-Year-Old With $3M Portfolio Makes Bold Retirement Move - 'I Want To Test It Out Before I Actually Retire' With $1M In Dividend Stocks

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  Retirement planning often asks for bold moves, especially when transitioning from wealth accumulation to income generation, and for many investors, this shift is pivotal. This transition is not always straightforward,

A 58-year-old man with a $3 million investment portfolio has decided to experiment with his retirement strategy by living off the dividends from his investments before fully retiring. He plans to use $1 million of his portfolio to generate dividend income, aiming to see if this income can sustain his lifestyle without dipping into the principal. This approach, which he describes as a "test run," involves investing in high-quality dividend stocks that provide a steady income stream. His goal is to ensure financial security and peace of mind by confirming that his investment strategy will support his retirement needs before he officially retires. This move reflects a cautious yet innovative approach to retirement planning, focusing on income generation rather than capital growth.

Read the Full Benzinga Article at:
[ https://www.msn.com/en-us/money/other/58-year-old-with-3m-portfolio-makes-bold-retirement-move-i-want-to-test-it-out-before-i-actually-retire-with-1m-in-dividend-stocks/ar-AA1BF4IA ]