10 Pros and Cons of Living in Lexington KY Right Now

What You Should Know Before Moving To Lexington Kentucky

Today, I would like to present the pros and cons of living in Lexington, Kentucky.

Whether you are thinking about moving to Lexington for work, school, or retirement. You should consider all the good things and worst things before you do.

So, let’s get started…

Pros And Cons Of Living In Lexington

Our top 10 pros and cons of moving to Lexington include:

  • Reasonable cost of living
  • Healthy economy
  • Excellent opportunities in higher education
  • Amazing horses and tasty bourbon
  • Fun, family-friendly things to see and do
  • Extreme and unpredictable weather
  • Pesky seasonal allergies and insects
  • Bad traffic and bad drivers
  • Challenges with new home construction
  • Lack of diversity

We will touch on each of these points shortly. But first, allow me to address the most important question of the day…

pros and cons of living in Lexington: Kentucky map

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10 Pros and Cons of Living in Louisville KY Right Now

Things To Know Before Moving To Louisville Kentucky

The purpose of this article is to review the pros and cons of living in Louisville, Kentucky.

Also known as Derby City. And considered the gateway to the south. This mid-sized city with a population of nearly 600,000 people has a lot to offer.

But, moving to Louisville won’t be for everyone. So, let’s take a closer look at the good and the not-so-good right now…

Pros And Cons Of Living in Louisville

Our top 10 list of living in Louisville pros and cons includes:

  • Healthy economy
  • Moderate cost of living
  • Some decent tax breaks
  • Easy access to higher education
  • Lots of fun things to do
  • Extreme weather
  • Automobiles required
  • Higher crime rates
  • Questionable environmental quality
  • High income and sales taxes

We will go through each of these points in a moment.

But first, let’s address life in Louisville. By looking at the bigger picture and tackling the all-important question…

pros and cons of living in Louisville KY
Louisville placed on the Kentucky state map

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7 Step How-To Guide About Dividend Investing for Retirement

Because Investing in Dividend Stocks for Retirement Income is a Good Idea

The purpose of this article is to outline how to use dividend investing for retirement.

To keep it simple, I have reduced it down to a 7 step guide. Better yet, I have linked each step in the guide to a more detailed article.

So, feel free to dig in deeper wherever you see fit. Because dividend-paying stocks for retirement income are a great option.

Let’s get moving…

Dividend Investing For Retirement – Your 7 Step Guide

To retire with dividends, follow these 7 steps:

  1. Make dividend investing for retirement part of your plans
  2. Determine how much you need to retire off dividends
  3. Choose a dividend investing strategy to achieve your retirement goals
  4. Pick the best dividend stocks for your retirement accounts
  5. Consider ETFs for ease and diversification
  6. Build and maintain the best dividend retirement portfolio
  7. Choose if and when to stop reinvesting dividends

Now, to help you on your way. I would next like to talk more about each step in this guide…

celebrating retirement with dividend investing

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Should I Reinvest Dividends in Retirement? (How To Decide)

To Reinvest Or Not To Reinvest Dividends In Retirement: That Is The Question

The purpose of this article is to help you decide whether to reinvest dividends in retirement, Or, not.

We will start with the most logical answer. Then move on to several special situations. That may influence your decision one way or another.

Regardless, when done. You will better understand if YOUR dividends should be reinvested during your retirement years.

Let’s get started…

Should I Reinvest Dividends In Retirement?

First of all, for anyone who has thoughtfully planned out a solid dividend retirement strategy. And worked toward the goal of partially or fully funding retirement expenses with dividends.

Then, the answer is no. You should not reinvest dividends in retirement.

Just take your dividends in cash. And spend them as you see fit.

Because you planned for dividends in retirement. Executed your plan over time. And therefore, you should take your dividends in cash.

But, don’t go. I have much more for you to think about…

a man reinvesting dividends in retirement

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How Much Dividend Stock do I Need to Retire Right Now?

Calculating The Money Required To Retire Off Dividends

Today, I would like to answer this question: how much do you need in dividend stocks to retire?

First, you will learn what it takes to retire on dividends for an average U.S. household. But, as you read through the post, I will show you how to refine the calculation. For your exact financial situation.

So, let’s get moving…

How Much Dividend Stock Do I Need To Retire?

To retire off dividends, the average household in the United States needs to have $650,000 invested in dividend stocks. The amount is based on data shown in the table below…

+ Median household income67,500
– Average social security benefit(20,000)
– 401(k) plan withdrawals(5,000)
– Pensions, part-time work, etc.(10,000)
= Dividend income required32,500
/ Dividend portfolio yield5%
= Money in dividend stocks650,000

Of course, as a visitor to my website, you are anything but average. And your situation will most definitely be different.

So, let’s go through each piece of the calculation.

retirement living on dividend stocks
Retirement Living on Your Dividends

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