Dividend-based investing is essential for building a secure retirement, providing steady passive income through reliable stocks or ETFs. Compounding allows for wealth accumulation over time, catering to those pursuing financial independence. However, proposed U.S. tax law Section 899 risks increasing withholding taxes on dividends for foreign investors from certain countries, potentially diminishing their returns. To navigate this challenge, diversifying investments and consulting tax professionals are suggested strategies to maintain healthy long-term growth in retirement portfolios.
The proposed Section 899 tax law threatens dividend-based portfolios, particularly for foreign investors, potentially eroding the returns needed for a secure retirement.
By investing in reliable dividend-paying stocks or ETFs, investors can harness compounding over decades, creating a nest egg that supports living expenses without a 9-to-5 grind.
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