I retired this year at the ripe age of 48, now I have to revamp my investing strategy. Why, because I will no longer have “earned” income so I will be unable to invest tax deferred as I have done in the past.
Currently, my stock market investments are in 98% tax deferred and 2% taxable accounts. While I will not have earned income I will have investable dollars coming available through the sale of various assets and I want to invest those funds in the stock market.
All my retirement monies are in index funds, low fees, good returns, you know the deal. But what about these new monies? Index funds are boring, you throw the money in and watch it go, where is the sport in that?
Should I stick to the tried, true and boring? Or, should I follow my heart which wants to buy individual stocks? More specifically, I have a desire to build an income generating machine… a dividend portfolio which generates at least 50 percent of my living expenses moving forward.
I have done my due diligence, I know what it takes to evaluate and buy dividend stocks at a good value, and I have my eye on several Dividend Aristocrats and Dividend Kings. Next steps, make a decision (Index, Dividend, or a mix) and act.