$39K in Dividend The Power of Dividend Growth
A loyal reader, Chereen, asked me the following question via email: “I would like to retire with a yearly income of $39,000. I wonder how much I need to put aside in order to receive this amount in dividends each year”. A blunt answer would be the following: “Assume a 3.5% dividend yield and divide $39,000 by 3.5%. You will get $1,114,285. This is your magic number”. Well, technically, if you invest $1,114,285 today and build a dividend …
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