Why I chose dividend investing vs 4% rule to retire early

[@bossballheaddawg2588]

Great content

[@evelynlukmon]

I’ve worked hard to save about $800,000 for retirement, and now I’m ready to turn my savings into a paycheck. But how much can I afford to withdraw from savings and spend is what I don’t know. If I spend too much, I risk being left with a shortfall later in retirement. But if I spend too little, I may not enjoy the retirement I envisioned. What’s your advice on this please?

[@natetomholt47]

I'd highly recommend using the 4% rule, maybe you'd know just how much to spend after retirement

[@LaurelCandice]

stay flexible - if the market performs poorly, you may not be comfortable increasing your spending at all, but if the market does well, you may be more inclined to spend more on some ''nice to haves''

[@JamesWillock]

Personally, I used the 4% rule as a guideline, didn't follow it precisely. However, for greater level of confidence around portfolio longevity and ability to meet my goals, I've utilized a seasoned advisor for 5 years now, amassing nearly $1m roi after significant investments. I'm semi-retired today, and only work 7.5 hours weekly.

[@Mary-Flint]

@@JamesWillock such an eye opener! never heard or used the 4% rule, I spend what I want and when I want, however i'm interested in supplementing my streams of income by investing, mind if i look up your advisor please?

[@JamesWillock]

Karen Lynne Chess is my FA. Just google the name and you’d find necessary deets to work with and set up an appointment. Honestly, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@darrenjackson1981]

Dividend investing period

[@michaelt2974]

Is it true however that those using the 4 percent rule often have more wealth after many as the market grows faster than their withdrawal rate.

[@pnc1358]

Depends on the average return per year you can get from investing the rest of your fund. In the perfect world, if the return equal or more than "withdrawal rate + inflation rate + 1%" then your remaining fund will grow forever

[@MRkriegs]

If for ur first 5 years of retirement the stock market is down then no. If it's up then yes

[@rssharma9]

Dividend Investing is for wealth accumulation, while the 4% rule is for spending the accumulated wealth in retirement. What exactly are you trying to say here? They are mutually exclusive.

[@MRkriegs]

People live off dividends in retirement thus the comparison

[@calhal9542]

1st