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My retirement plan has changed from a defined benefit plan to a defined contribution plan. My retirement therefore will be dependent on my investments ability to produce income. I have been doing pretty well investing so far, but it is mostly through a stocks growth. I am curious how I change my investments to produce more income as I get closer to retirement.

Right now my portfolio produces about 1.8% yield from dividends. Even if I achieved a million bucks in stock that is only 18,000$ a year - not much of a retirement salary.

Does anyone know a good book or have good ideas on how to slowly convert your stocks into income producing investments. Of course I would like to preserve the principal and not chip away at it :)

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