After 35 years of clocking in and out of work and religiously saving at least 10% annually in my 401K every year, my countdown to financial independence is in sight. Each month is a step closer and let’s look at how this past month is getting me there.
For the month of October I made $3672.03; an increase of 10.93% versus this time last year. This is below my 12.5% goal but still acceptable as most of my new and reinvested funds have been buying stocks that payout in the last month of a quarter.
In October I received 3 dividend raises from ABBV, ARCC & PNW. Together this will add an additional $309.73 to my annual income going forward. The bulk of that comes from ARCC with their large 11.6% raise. Looking at next month AT&T will be the big question mark if they are returning to their traditional November timeframe for announcing a dividend raise.
On the home front I spent my time getting the house ready for winter. Only things I have left to do is change the oil in my snow blower and clean my chimney before I startup the woodstove and wait for that first snowfall.
At work it is time to renew my benefits. Out-of-pocket costs increased 9.16% with a breakdown of each benefit as follows, Medical Insurance +10.45%, Life Insurance +6.1% and Disability Insurance +4.04%.
One last cool thing I love about this month is it changes my retirement calculator. In my new image at the top of the post the years column went from 5 to 4, it is getting real baby!
|10/3/22||DIVO||AMPLIFY ETF TR CWP ENHANCED DIV||$100.86|
|10/4/22||IRM||IRON MTN INC||$500.07|
|10/7/22||MRK||MERCK &CO. INC||$152.21|
|10/11/22||BBY||BEST BUY CO INC||$21.38|
|10/13/22||MPW||MEDICAL PROPERTIES TRUST INC||$208.12|
|10/14/22||AQN||ALGONQUIN PWR UTILS CORP||$338.60|
|10/14/22||KBAL||KIMBALL INTERNATIONAL INC||$2.51|
|10/14/22||LEG||LEGGETT &PLATT INC||$303.42|
|10/14/22||WPC||WP CAREY INC||$583.13|
|10/17/22||CPT||CAMDEN PROPERTY TRUST||$14.42|
|10/17/22||PKG||PACKAGING CORP OF AMERICA||$20.15|
|10/20/22||PSEC||PROSPECT CAP CORP||$98.13|
|10/28/22||OGE||OGE ENERGY CORP||$147.03|
|10/31/22||AMNF||ARMANINO FOODS DISTINCTION INC||$44.10|
|10/31/22||BGS||B&G FOODS INC||$283.29|
|10/31/22||BNS||BANK OF NOVA SCOTIA||$37.97|
|10/31/22||NUSI||ETF SER SOLUTIONS NATIONWIDE NASDQ||$15.71|
|10/31/22||M1 Finance||M1 DIVIDEND GROWTH ACCOUNT||$44.72|