Senator
Thinks s/he gets paid by the post
If you are retired, I am wondering few things about dividend income. I am curious, how much of your income is comprised of dividends? And also how much is your blended dividend rate across all your positions.
If you are still working, do you have a dividend income plan?
I am still working, and I mainly invest in index ETFs (IVV, IVW, DVY, IWM, QQQ), with a slightly less than ~2% dividend overall yield. My dividends are ~$8,500 now, and should basically double when I rollover my 401K to a IRA.
With additional investment between now and next year, I am hoping to have ~$20,000 annually in dividends. Add in the DGFs dividends, and we should be at least $30K a year.
That $30K will pay the essential expenses, and I have a bit of rental income.
I am curious as to what others have set up in terms of dividend income. It seems like it takes a whole pile of money just to get a base amount of dividend income without touching the principle.
If you are still working, do you have a dividend income plan?
I am still working, and I mainly invest in index ETFs (IVV, IVW, DVY, IWM, QQQ), with a slightly less than ~2% dividend overall yield. My dividends are ~$8,500 now, and should basically double when I rollover my 401K to a IRA.
With additional investment between now and next year, I am hoping to have ~$20,000 annually in dividends. Add in the DGFs dividends, and we should be at least $30K a year.
That $30K will pay the essential expenses, and I have a bit of rental income.
I am curious as to what others have set up in terms of dividend income. It seems like it takes a whole pile of money just to get a base amount of dividend income without touching the principle.