Stormy Kromer
Thinks s/he gets paid by the post
- Joined
- Oct 1, 2017
- Messages
- 1,159
Since I started investing in mutual funds I have always chosen to reinvest dividends and capital gains.
I plan on drawing dividends from one of my funds, Vanguard Balanced VBIAX when I turn 62 in 4 years to supplement living expenses. My question for those of you who draw dividends, do you draw the entire dividend portion plus the Total Capital Gain distribution? or just the dividend portion?
Here is my example based on my 2023 1099 that I just received.
VBIAX
Total Ordinary Dividends $2,213 line 1a
Qualified Dividends $1,035 line 1b
Total Capital Gain Dist. $6,018 line 2a
My question is, how much should I draw ?
I plan on drawing dividends from one of my funds, Vanguard Balanced VBIAX when I turn 62 in 4 years to supplement living expenses. My question for those of you who draw dividends, do you draw the entire dividend portion plus the Total Capital Gain distribution? or just the dividend portion?
Here is my example based on my 2023 1099 that I just received.
VBIAX
Total Ordinary Dividends $2,213 line 1a
Qualified Dividends $1,035 line 1b
Total Capital Gain Dist. $6,018 line 2a
My question is, how much should I draw ?
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