Welcome to my latest Weekend Reading edition. I hope you are enjoying your summer thus far. I’m pretty happy about my REDBLACKS win this week. Let’s hope they can keep it going…
Here is my article from this past week, overdue, but updated all the same – June 2017 Dividend Income Update.
Enjoy these articles this weekend as part of your weekend fun.
ESI Money told us $3 million is not enough to retire on. I disagree. That’s plenty for us. It certainly depends on how much money you spend though. From the article: “Sheesh, I thought $85k in retirement was a pretty healthy amount. But these people are telling me they can’t make it on $120k. One guy told me he’d have trouble getting below $225k or so.” Wow.
Boomer & Echo also tackled the same question.
My answer to this same question is this – these are our retirement needs and wants. We figure after tax income of $4,000 per month should do it, less any major international travel and other wants. With this goal hopefully complete by the end of 2023 our dividend income will cover 63% of our needs and we’ll have our RRSPs and pensions to draw from for other needs and wants in our 50s and beyond.
This Globe & Mail article highlighted why it’s almost impossible to be a passive investor in Canada.
Are you ready for the next stock market storm? I think so but I won’t really know until it happens.
Potato provided a framework to determine “Am I on track to retire?” We are based on a simple process of Plan > Do > Check > Act. What’s your approach?
Kinder Morgan released plans to increase their dividend by 60% next year and outlined future dividend increases in the years to come. I hope they stick to it as a shareholder.
Don’t forget about my Deals page where you can save hundreds or even thousands of dollars over years of investing. It’s your #money – make it work for you.