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.