retirement portfolio

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I’m 75 and depend on my taxable portfolio to travel and  help kids and grand kids.  Is it dangerous to depend on bank stocks and utilities for that income?

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Asked on January 6, 2020 7:58 am
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I am going to assume you are relying on the dividends they generate as the "income" you have referenced.

Canada's banks and utility companies have some of the safest dividends in the world. Canada's Big Five have been paying out uninterrupted dividends for more than a hundred years, and utilities dominate the list of the longest dividend growth streaks in Canada.

Although one can never say with 100% certainty that the income (dividends) from these stocks is a guarantee, they are some of the safest in the country.

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Posted by Mathieu Litalien
Answered on January 6, 2020 9:37 am
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