How much does one need to retire? Not in actual dollars but multiples of annual expenses.

[Dtail]

So far we are not spending anything from our dividend income from our ROTH accounts, our combined SSA payments cover all of our ongoing expenses including eating out several times per week, in country trips and vacations, personal hobby expenses. We reinvest all our ROTH income into additional shares of our current holdings or sometimes add new issues, very rarely sell any issues. If we were taking the income from dividends in ROTH the accounts would remain the same, just not grow as quickly in value.
Hope this answers your question
Mike

For the most part yes. I was getting at the concept of the stock dropping by the dividend payment and thus a wash on that particular transaction, but not including generic market growth of the stocks in general.
All clear.

 

[Handymike]

For the most part yes. I was getting at the concept of the stock dropping by the dividend payment and thus a wash on that particular transaction, but not including generic market growth of the stocks in general.
All clear.

I agree that the stock price usually drops by the amount of the dividend payment on the Div day but that usually only lasts for a couple days at the lower price then the stock price gradually returns to the pre Div Day price. Since we are only collecting the dividends within the account when issued there is no real transaction., just an entry in our account ledger that we received x dollars as a dividend.
Mike

 

[ShokWaveRider]

You guys don't get it at all. Most of you come off as cocky, incredibly wealthy people that like to flaunt it and look down on everyone else. Not everyone wants to fly first class and toss their cars away every year and have $4,000,000.00 set aside just in case we need top of the line private nursing care at some point. Some of us just want to stop working and are willing to live a simple life. Every time I politely ask for advice on how to do that I get accosted with a bunch of reasons why I can't do that. If that is the perception you want people to have of you then by all means keep it up. That is how I perceive a good majority of the people I have interacted with on this forum - most but certainly not all. I am out at this point and I wish all of you and your piles of excess cash the best.

You know why? Because they probably are not. After all they are posting on a po dunk web forum where nobody knows your name. It is easy to look (and feel) good when you know no one of consequence is looking.

 

[ncbill]

I think Max might be confusing us with Bogleheads...

 

[street]

I have never seen here on ER where people come here and brag or ever got the impression of looking down on each other regardless of ones wealth.

This is a site where we all have won the game how people say it here. What a great place to feel comfortable giving ones current state in the financial world.

Financial conversation can't be talked about in daily life without issues. Here we are all in the same boat and is wonderful to be able to visit with same habits that lead to success regardless of the amount we have.

Now there is some that pound to death their way is only better or the only way to go on certain topics.

IMO and I can say I'm one of them that pretty much has went against the grain on a few of the ways most would say is a terrible choice. I still won and wouldn't change how I got to the end point regardless of how would disagree with my path. Absolutely NO Hard Feeling to them though.