Warren Buffett, worth $151 billion, stated he could live comfortably on much less. With a $1 million stock portfolio yielding 3%, he could live like a millionaire. But achieving a 3% yield has become more challenging due to lower market yields. Buffett’s scenario may not apply to average households.

Buffett’s preferred 3% dividend yield is difficult to achieve today due to low market yields. Strategies like high-yield accounts, ETFs focusing on high dividend stocks, and corporate bonds can help reach or exceed that benchmark. Platforms like Vanguard offer low-cost investment opportunities with advisory services for tailored plans.

While the average S&P 500 dividend yield is around 1.1%, some ETFs like iShares Core High Dividend ETF offer a 3.5% yield. Investing in such ETFs can generate passive income. For higher yields, corporate bond ETFs like iShares iBoxx $ High Yield Corporate Bond ETF can provide over 6.2% yield, offering a competitive alternative to high-yield savings accounts.

For a historical yield of 8.1%, Arrived Private Credit Fund is a competitive alternative to high-yield savings accounts. This fund simplifies investing in real estate-backed debt investments, providing monthly dividend payouts for retirement fund bolstering. Understanding trade-offs between dividends, bonds, and other assets is crucial for financial stability.

Read more at Yahoo Finance: Warren Buffett wouldn’t worry about cash if he retired with just $1M. Here’s why and how to copy his strategy