Published on 26 May 2024 on Motley Fool via Yahoo Finance
Building a portfolio of dividend stocks that can replace all or some of your paycheck is a big goal for many retirement savers.
There are several benefits to living exclusively off the dividends your stocks pay. You'll likely receive a steadily increasing paycheck every year, and you'll probably never have to sell your shares. That could let you leave a lot of money to your heirs. What's more, it can be incredibly tax-efficient.