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Imagine retiring with your savings earning a nice, fat 20%. Not only that, the income from your account would increase every year. Finally, there’s a good chance that in addition to those nice interest checks, your principal could also swell over time.
Sound too good to be true? It isn’t. If you’re willing to take a measured amount of risk, and give it some time, you can create a savings plan that will pay you a stable, growing income during your retirement years, and maybe grow your principal at the same time.
I’ve been using this investment idea for more than 10 years now, and I’m not only earning 10%, 20%, even 60% on my original investments: My principal has shot skyward.
What is this magic investment? It’s nothing complicated. In fact, it’s as old as investing itself.
Curious? Then you’ll want to listen to this week’s “Money!” podcast. As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Sit back, relax and listen to this week’s “Money!” podcast:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Not familiar with podcasts?
A podcast is basically a radio show you can listen to anytime, either by downloading it to your smartphone or other device, or by listening online.
They’re totally free. They can be any length (ours are typically about a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you’re like me, when riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven’t listened to a podcast yet, give it a try, then subscribe to ours. You’ll be glad you did!
Want more information? Check out these resources:
- The Pros and Cons of Dividend Stocks for Retirement Savings
- How Dividend Stocks Can Help You Beat the Bank
- Ask Stacy: Which Is Better — Dividend or Growth Stocks?
- Kiplinger: 15 Dividend Kings
- CNBC: 10 dividend stocks that could benefit from Biden’s capital gains tax proposal
- Kiplinger: 25 Dividend Stocks the Analysts Love Most for 2021
- Nerdwallet: 25 High-Dividend Stocks and How to Invest in Them
- Kiplinger: 10 High-Yield ETFs for Income-Minded Investors
- Dividend Aristocrats list
- Fractional investing apps we mentioned: Stash, Robinhood, Stockpile, One Finance
- Money Talks News’ savings account search tool
- Subscribe to the Money Talks News newsletter
- Take our course The Only Retirement Guide You’ll Ever Need
- Take our course Money Made Simple
I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
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