This week Jim and Cathlyn continue to emphasize the very important theme of dividend investing, particularly as a way to keep up with the rising cost of expenses in retirement. They discuss the case study of John and Sally, a retired couple, and illustrate the serious effects of inflation on a retirement budget. They also discuss how dividends and other investment instruments can help mitigate against a rising cost of living in retirement. The guest this week is Dr. Michael Finke, Professor & Director of Retirement Planning and Living at Texas Tech. He will discuss retirement income sources and drawdowns of funds, as well how to plan for satisfaction/happiness in one’s retirement years.
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