These ETFs give investors access to consistent and stable investment income along with growth opportunities.
Additionally, you can invest some of it back in dividend stocks that generate a steady stream of cash to pad any retirement income you may have. There are three variables to consider when investing in stocks: your average annual return, how much you invest, and the number of investing years you have left. Assuming a retirement age of 65 years, here's a look at how much you would need to invest based on a 10% annual return.
While the S&P 500 may gain in 2024 due to cooling in inflation, a less-hawkish Fed, AI investing momentum, a tech rally and an improvement in the corporate earnings, presidential election can cause uncertainty in the market.