Are Dividend-Paying Stocks a Good Substitute for Bonds?
What you need to think through when building a retirement plan around income-producing equities.
I received lots of thoughtful responses to my recent article asserting that many pre-retirees are too heavy on stocks.
One comment that kept coming up went something like this: Don’t dividend-paying stocks fulfill a similar role to bonds?
Christine Benz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.