Opinion
Better way for retirees to ride out COVID-19 storm
Rather than flounder in the face of dividend cuts, income seekers can use a different approach that smooths out volatile years.
Aidan GeysenContributorWhile reduced dividends from the big banks may have irritated retail shareholders, many investors (particularly retirees who use the popular "income-oriented" strategy to fund their retirement) are understandably bracing themselves for the anticipated slash in payouts across the Australian sharemarket.
But this need not be the case.
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