Should You Reinvest Dividends If You Make Under $60K?
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Should You Reinvest Dividends If You Make Under $60K?
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Should you continue reinvesting dividends when your household earns under $60,000—or use that income to make life a little easier today?
In this episode of Planning Made Simple, Paul and the team discuss why time may be your greatest advantage as a dividend investor. They explain when taking dividend income could be justified, why using it for everyday spending can become a slippery slope, and how turning off dividend reinvestment could affect your future financial security.
You’ll also hear the remarkable story of a school janitor who quietly built significant wealth by consistently investing, living within his means, and leaving his dividends untouched.
If your dividend portfolio is intended to support your retirement, should you protect that income at all costs—or are there situations when it makes sense to use it now?
Comment “Dividend Starter Kit” if you’d like more information about getting started with dividend investing.
www.plannningmadesimple.com