I’d follow Warren Buffett’s tips to retire on a growing passive income

Mirroring Warren Buffett’s insistence on purchasing high-quality companies could allow an investor to generate a larger passive income in retirement. Such companies may offer more impressive profit growth and higher returns than their peers in the long run.

Furthermore, adopting his long-term focus may mean that compounding has a longer timeframe through which to positively impact on the value of a retirement portfolio.

Meanwhile, his insistence on having cash savings at all times may mean it is easier to purchase undervalued shares in a stock market crash. This could have a positive impact on an investor’s retirement prospects.

Warren Buffett’s focus on high-quality companies

Warren Buffett has always sought to purchase…