According to the latest projections, Social Security's key trust fund is expected to be exhausted in 2035. That's a bummer for me as I'm not eligible to collect until a decade after that date. While the program won't run out of money at that time -- it's projected that income taxes will provide funds to pay about 72% of benefits through 2087 -- it does suggest that Social Security is not likely to provide me all that much income in my golden years. That's why I'm planning ahead and investing in a stock that I think is the perfect supplement to Social Security: LinnCo (UNKNOWN:LNCO.DL).
Topping the list of reasons I believe LinnCo is a great Social Security supplement is its exceptional dividend. The company's stock today yields a very generous 9.6% and investors receive monthly payments, which is great for cash flow management. Furthermore, I believe the payout will grow as LinnCo parent company LINN Energy (NASDAQOTH:LINEQ) continues to acquire additional oil and gas assets.
To help investors better understand the reasons LinnCo is a great income stock, I created the following slide show. It provides further details on LinnCo's dynamic dividend, as well as two other characteristics that lead me to believe its payout will outlast Social Security.
Matt DiLallo owns shares of Linn Co, LLC and Linn Energy, LLC. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.