3 Ways Dividend Aristocrats Can Enrich Your Retirement
Most people look forward to the day they can stop depending on a job for money, live off a fixed income, and have the freedom to get up every morning and do anything they want. Just think of it: no bosses, no commute, no negotiating for raises. Sounds dreamy.
The challenge, however, comes in that "fixed income" part. While Social Security will cover a chunk of your expenses, it's only set up to provide 40% of your pre-retirement wages.
It's generally believed that you'll need about 80% of your former income once you retire, so you'll have to somehow account for the 40% that Social Security doesn't provide. That's where Dividend Aristocrats come in, since adding them to your portfolio can help enrich your retirement.
Source Fool.com
