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Diversity of Income Is Key

When it comes to finally punching your last time clock card and calling it a day, there’s only one thing that matters: having enough income to keep going through your golden years.

This is the essence of what retirement is all about. It’s going from saving to spending and making sure that you have enough to spend over the course of your full lifespan. No one wants to be forced to go back to work after they retire because they ran out of money.

However, there is a slight problem with all of this. Assuming that you have actually saved enough on which to retire, there are a multitude of factors that can hurt or hinder even the best-laid plans. The transition from saving for decades to spending over the course of a few decades isn’t as easy as cracking open your nest egg and withdrawing funds. It takes a carefully thought-out plan to get the job done.

And if you believe investment manager Fidelity, it takes one with many pillars of income to make it work.

Check out here for more about some of the key dividend-investing strategies.

Factors Affecting the Saving-to-Spending Switch

Hands down, the biggest challenge facing investors as they head towards retirement is figuring out how to generate the regular income needed to maintain a certain lifestyle. And that challenge continues to get harder and harder with each passing year. The road is fraught with many issues and problems. The scary thing is that many of them seem out of our control.

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