Amarin Corp Plc (AMRN)

[sts66]

I believe I will end up buying dividend stocks to supplement my pension - like AT&T, utilities, energy companies, healthcare companies

A great plan (I'd be really careful in the energy space though, especially MLPs), and exactly what I'm going to do when I cash out of AMRN - about half of my IRA holdings pay dividends - if you reinvest them prior to retirement, and have a sufficient amount of money (need at least $1M), you can live off the pension (or SS for others) and dividends w/o every having to touch the principal, so you'll never run out of money. Assumes you're not a big spender, of course. Best article I've ever read explaining how this works is here - strongly suggest folks nearing retirement read it:

https://seekingalpha.com/article/290289-retirements-4-percent-rule-why-mr-and-mrs-income-dont-need-it-part-1


Note: Article is several years old, so the divs and yields in his table are wrong - but he provides a terrific list of stocks to take a look at, most yield enough to keep you well ahead of inflation. On another board some income investors have a nice problem - they make enough in divs they don't need to spend all of the money, and because they have to take RMDs, they end up with extra cash they need to invest in taxable accounts - that becomes a much bigger issue, protecting your income from the IRS.