Hello! Dividend investing is a very interesting topic. Today, I have an expert who has appeared on Forbes, Motley Fool, MSN Money, TheStreet, and more, and he is going to share tons of great information on this subject. You may remember him from his previous contribution How I Became A Successful Dividend Growth Investor. This is a guest contribution by Ben Reynolds. Ben is the CEO of Sure Dividend. Sure Dividend helps people build high quality dividend growth portfolios for the long run.
Early retirement is the financial state of being where you don’t have to work. You only work if you want to.
Early retirement is reached when your passive income exceeds your expenses. The average retirement age in the United States is 63.
Retiring at any age is an accomplishment, but I think you will agree with me when I say that the earlier you retire, the better.
There are 6 key factors that determine how long it will take for you to reach retirement:
- Your income (how much money you make)
- Your savings rate (the percentage of your income you save)
- Your expenses (how much money you spend)
- The size of your investment account (how much you already have saved)
- Your investment returns (how fast your investments are growing)
- The yield on your investment portfolio (how much your investments pay you)