I just saw a couple of key data points I wanted to share when it
came to women and retirement.
A survey of nearly 3,600 American workers conducted for the
Transamerica Center for Retirement Studies by Harris Interactive
shows only 33 percent of women said they were building an adequate
retirement nest egg. Also, recent 2008 data from the Social
Security Administration stated 17 percent of unmarried women age 65
or older had income below the official poverty threshold of
$10,326; 28 percent were considered near-poor, with income below
$12,907. Dividend stock investing is one area that I hope can level
the playing field not just for women, but all investors in general.
I talk about the power of compounding interest often when referring
to investing in high-quality dividend-paying stocks for the long
The example I like to use always is how someone invests a mere
$50 per month - that's $600 per year - in dividend stocks from the
age of 8 to 13, and re-invests those dividends, you would be
accumulating over $1 million by the time you reach the age of
Reinvesting your dividends within a retirement account is
awesome, especially if you are sitting in a Roth IRA which will be
tax-free when you are ready to start withdrawing those monies for
your retirement. Think of how little you even need to get started
with, and how much it can grow to in the example above. Maximizing
your IRA contributions every year helps you multiply the power of
Looking at today's action, the markets saw the early pop give
way in the afternoon a bit as investors continue to make moves
ahead of tomorrow's elections. Simon Property Group (
) and Baker Hughes (
) traded higher following both companies' results. Other early
winners include Peabody Energy (
), Franklin Resources (
), and Public Storage (
). On the down side, Avon Products (
) and Estee Lauder (
) were some of the biggest laggards on the day.
I hope everyone had a great weekend, and hope the
trick-or-treating candy sampling has not taken a toll on too many
bellies. Be sure to check out the latest members-only
articles you may have missed from last week, and don't forget to
check out new
section as well as a couple of video links below to see our latest
work. Be sure to check out our "How Best to Use Dividend.com"
if you are newer to our site. And as always, check out our
Best Dividend Stocks
list for the top dividend names to put money into right now.
Thanks for reading, and I'll see you tomorrow!
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here