At what age should you stop paying term life insurance?
There is no specific age to stop reinvesting dividends; rather, this is a strategic transition that occurs when you reach the "decumulation phase" of your life. When your retirement income from other sources (like Social Security, pension, or stable withdrawals) is insufficient to cover your expenses, you may shift from reinvesting dividends (DRIP) to taking them as cash distributions to fund your lifestyle. Many retirees begin this transition in their 60s or 70s as they need to draw down their portfolio. If your portfolio is large enough that its growth and dividends exceed your annual spending, you may never need to stop reinvesting, effectively preserving your capital for future legacy while living off a portion of the gains.
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