Retirement; like your parents, but way cooler
In 1991 Billy and Akaisha Kaderli retired at the age
of 38. Now, into their 4th decade of this
financially independent lifestyle, they invite you
to take advantage of their wisdom and experience.
Double Your Social Security Check
Billy and Akaisha Kaderli
Financially independent for 3 decades!
average monthly 2020 Social Security check is $1,431, which is $48.00 per day, or over $17,000 per year.
abound about how people are not able to live - or only struggle to get by
Social Security income in the United States. Even if they
can manage to walk the budget tightrope, itís not much of a
retirement to look forward to and usually it's one that is supplemented with work.
You can do better
is the time for you to
control of your finances so that you are financially
fit for your retirement.
First you need to learn what your benefit will be upon your retirement age. You
can do this by contacting social
security .gov, opening an account and seeing your work history and future
earnings. This can also be done via phone and snail mail but why? It's much more
convenient to do it online.
Once you know your estimated payout you can get to work doubling it by building
a portfolio of dividend paying growth stocks. Or you can use an ETF such as
DVY ( iShares Select Dividend ) which yields about 3.25% at its current
price. A better than a 3% percent yield with up side potential is an attractive investment in this
financial environment. Mix that with VTI ( Vanguard Total Stock Market )
and SPY ( S&P 500 Index ), both paying out about 1.24% and you have a solid dividend growth portfolio. We own all
three of these issues and have held them for years greatly contributing to our
While you wait for your retirement date
can reinvest the dividends while you are in your accumulation phase
compounding them for faster results. Over time you will see your quarterly
dividend payments grow and grow as well as your portfolio value.
a dividend fund
Sure you can buy individual stocks so that you receive a dividend check each
month, but for me thatís a hassle and I do not like the added risk of a single
stock ownership, even if you own a handful of them. For us, DVY, which has about 100
issues in the portfolio and with 10-year records of paying quarterly dividends, is
the better choice.
fact that dividends tend to rise over time and rising dividend stocks tend to
outperform other equities historically is a winning combination that has worked
well for our finances.
Depending on how much you can invest and the time you have before taking social
security, you can easily double the amount of income you will receive for your
What's Your Number? - How much money do you need to retire?
Want us to be
your private Retire Lifestyle Mentors? Find out
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About the Authors
Early Lifestyle appeals to a different
kind of person Ė the person who prizes their
independence, values their time, and who doesnít
want to mindlessly follow the crowd.
Retire Early Lifestyle Blog
About Billy & Akaisha