Question of the Day on "I’m in my forties and am just getting started in building up retirement assets outside of my 401(k) at work. I don’t have enough to hire an investment manager, but I like the idea of owning dividend paying stocks. Do you have any advice for us beginners?"

Answer:  Many of the companies that you want to own have Dividend Reinvestment Plans (DRIPs) in which you can accumulate shares with monthly purchases. You can find these by going to the company’s website, usually under “Investor Services.” 

You can set the plan up where you add the same amount each month and the company buys shares for you. It is a great way to accumulate wealth because it is on autopilot. I suggest if you can, that you consider doing this with at least five different companies in five different industries. 

To locate experts in your state who can help you with these elder care financial matters, go to: – America’s online source for elder care experts plus information & answers about a wide range of elder care matters.

Philip C. Benedict, CFP
Benedict Financial Advisors, Inc.
Atlanta, Georgia  30328
Member of the national ElderCare Matters Alliance, Georgia chapter

Stay in Touch with Elder Care Matters

 Facebook  Twitter  Google Plus  Linked  Blogger

eNewsletter Sign Up

ElderCare Answers

If you need answers to your elder care questions, send your questions to us at:

Answers are provided by our ElderCare Matters Partners, some of America's TOP Elder Care Professionals who have years of experience in helping families plan for and deal with a wide range of Elder Care / Senior Care Services.

All Q&A's are posted on the homepage of

ElderCare Matters Articles

ElderCare Matters Articles are useful and up-to-date Elder Care / Senior Care articles that are provided by our ElderCare Matters Partners to help you plan for and deal with your family's elder care matters.

If you help familes plan for or deal with elder care matters, then you owe it to yourself and to families across America to become a professional member of the National ElderCare Matters Alliance and to be listed on the many Elder Care / Senior Care Directories that are sponsored by this National Alliance of Elder Care Professionals.

For additional information about professional membership in the National ElderCare Matters Alliance, (including the many benefits of becoming one of our ElderCare Matters Partners) and to download an Application for your Basic, Premium or Partner Membership in the National ElderCare Matters Alliance, visit: ElderCare Matters Alliance.