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Confessions Of A Retired 1st Year Dividend Growth Investor
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Published Mon, 20 Feb 2012 04:03:00 -0500 on Seeking Alpha
Alright I'll come clean. I didn't want to do it. I didn't want to go back in the market. After all I had retired in 2008 after escaping the 2008 crash. My 401-K and that of my wife remained intact. We had moved everything to cash earlier that year when the market first started to move sideways. We were happy with cash, at least at first. Slowly though we came to a new realization, these accounts needed to produce income and if they were going to do it for 30 years we had to worry about preserving capital. As interest rates continued to drop, a grim reality set in. More money was going out than going in. If our portfolios were earning 2% a year and we were withdrawing 3.5% they weren't going to last for 30 years. Clearly an adjustment had to be made. I really didn't understand the... Read more


