If your goal is to have $10k of passive income when you retire, keep watching to learn what you need to do 👍
I’ll dive into this in more detail at my beginners investing livestream on Tuesday. Comment “INVEST” or Tag a friend who should hear this, and I’ll send both of you an invite! 🙂
After you open up a Roth IRA and contribute $583 a month..
1. S&P funds have dividend yields of 1.32% so you’ll be able to collect $15K of dividends every year
2. You can use the 4% rule and sell a portion of your portfolio every year and collect around $46K a year
3. Sell covered calls to collect a couple thousand every month
The best part is all your income will be tax and penalty free at 59.5! 🔥
The trick to a comfy retirement is just getting started, no matter how old you are. The earlier, the better, but what really counts is taking that first step 👣
-Steve
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Don’t miss my next beginners investing master class on September 3rd at 5:30 PM PT. The sign-up link is in my bio! 🔥
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