Here’s How Much You Need to Retire (Hint: It’s Less Than You Think)

Most investors I speak to have no idea how much they’ll need to retire (and with the uncertainty we’re facing today, that’s totally understandable!). So let’s talk about that—and focus on closed-end funds (CEF), totally overlooked investments that could let you retire on dividends alone, possibly on as little as $325K. That’s the ultimate way to get peace of mind these days, because you don’t have to worry about selling into a pullback to keep your income stream intact. The Income Side When calculating how much you’ll need to clock out of the workforce, you really only need to know three things: How much you’ll spend in your first year of retirement. … Read more