November 2023

Our Growing Income in Retirement

Despite the volatility in the stock market this year, our portfolio will provide us with a 20% income boost over 2022. It’s rare to get that type of increase at a full-time job let alone being a retiree and that’s why we love dividend investing.

First, it provides us with a growing income. Second, when the market is down we are still earning an income, and third, there’s no timing the market or having to sell shares in retirement. That’s 3 wins in my book.

Since I began tracking our income a few years ago, I’m continually shocked at how much it grows each year. I often dream about what it could look like in the future and play around with calculations.

Here’s an example of the “playing around” showing an annual growth rate of 12% year-over-year. Let’s not forget that 2023 will provide a 20% increase.