Quote:
Originally Posted by rjm1cc
A dividend paying mutual fund or ETF fund is a good idea if it fits your needs. You should be looking for a flow of income, if the value of the investment goes up or down that should not change your need for income and you would not be selling. Your goal should be that the dividends paid increase over the years and hopefully keep up with inflation.
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I am looking at increasing income in the future. Right now my income is fine but my resources are a pension plus social security and, while they are supposed to go up, I'm not convinced they will be adequate. So I am looking to lock in some future income. Is this the way to do it?