I learn a lot from the collective wisdom of each of you so I hope this is not a dumb question.
If I want to ER in next 5 to 7 years and live off (a portion) on dividends then is it wise to not invest in dividend paying ETF/mutual funds now but convert investments into dividend paying ETF/MF close to ER. I say that because right now for all the dividend in a BA, I have to pay capital gains and I am in a high tax bracket. What are the pro's and con's that I am missing?
Also, any recommendations on ETF/MF to consider for the next 5 to 7 years