Most US citizens want their retirementto be a pleasant and peaceful period of their lives. It is true that to make the most of it, you need to prepare it beforehand. Therefore, it would be best to do something about your retirement plans now, rather than putting them off for tomorrow. Investing your money wisely could be one of your choices. Passive resources could help you throughout your retirement. In this way, working to be able to afford everything you need, will not be necessary.
Needless to say, not everyone likes to spend their money on the same type of source of income. While some prefer to rent one or more properties, others prefer to rely on a pension scheme or Social Security only. Besides, dividend stocks could also provide you with the money you need for retirement. Some of them have proved to be reliable over the years. Let’s take for example Getty Realty, which is a publicly traded, net lease REIT. According to them, they mostly rely on Convenience & Gas, which is about 73% of their business. Car wash is just about 12% while Legacy Gas & Repair is 11%.
In the third Quarter 2022 Highlights they show a $0.27 per share net earnings. Their Funds From Operations go up to $0.50 per share. They invested $14.9 million in 8 different properties. Besides, they are going to invest $150 million in developing and acquiring 44 convenience stores among other services and properties. Therefore, looking for reliable companies to invest in and add some extra money for your retirement is vital.
Apart from Getty Realty, Rithm Capital has also been a very good asset when it comes to dividend stock. On the other hand, we find a provider of capital as well as services to both the real state and financial services companies. They work with very different types of investors, but they deal with consumers too. These consumers and investors can easily adjust the risk in their investments. They stand out for being able to offer attractive returns with balanced risk. They want to be competitive and advantageous for their investors and customers.
Is it a good moment to invest now for my retirement?
Many American citizens are worried about the current rising cost of living, interest rate increases, and possible future changes by the Federal Reserve.
It is true that many experts on investment are very cautious due to the uncertainty in many markets worldwide. Therefore, if you still want to do it now, they advise investors to do it by paying attention to the strength of companies. You cannot rely on the first company that you come across, but you had better have a look at those which are high-quality ones. Thus, their dividends must be sustainable. It would also be important to check your financial health first. It makes no sense to risk your financial situation to invest unwisely in your retirement.