According to the 2011 Retirement Confidence Survey, 76% of Americans have saved less than $100,000 for retirement. More than half have saved less than $25,000. Even finding a decent return on the savings you do have is tough. Savings accounts struggle to yield 1%. Higher-yielding CDs don't offer much more.
For money that you won't need for at least five years, investing in an index fund is good strategy. Investing in well-paying dividend stocks and then reinvesting the proceeds is even better. You might even call it a relatively safe, stable way to boost retirement savings during periods of market madness. Actually, it's better than that. Because reinvesting is optional, retired investors can choose to start taking their dividend payouts as cash at any time, turning what had been a good vehicle for producing market-beating returns into a healthy source of income.
Source: Daily Finance
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