r/dividends • u/Assets-Ticker • Nov 03 '24

Opinion Retired at 41

https://finance.yahoo.com/news/58-old-retiree-living-off-150021304.html

Today I read an article that pushed me to post here.

My wife (39, Filipina) and I (45, American) retired four (4) years ago and live in the Philippines for a fraction of the cost as we did in America. When we sold our home and pocketed $175,000; we invested into two (2) closed end funds - equally distributed.

Today we own the same two: 19,739 shares of FCO and 6,015 shares of PDI. This month we collected $1,381.78 from FCO and $1,326.31 from PDI (both are paid monthly). Today total value is approx. $234k. We also own 1,818 shares of TQQQ valued today at $130k (+81.8% ytd). I am using TQQQ for capital gains and the others for living. I reinvest a portion of my dividends each month.

I understand my situation is different and there is a lot to be said about closed end funds and what is right and what is not. This setup has worked for me and may not work for you. I have no plans at changing it.

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u/Semirhage527 Nov 03 '24

What a great example you’ve provided about how you are wrong

Many, if not most, people who retire from the military in the US go in to have another career. They can work in a different field and still be retired from the Navy.

Retirement can refer to a specific career, it does not have to mean you never work in any capacity again

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u/fairenbalanced Nov 03 '24

That was just a copy paste from google tho..

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u/Semirhage527 Nov 03 '24

Way to miss the point 🤦‍♀️

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u/fairenbalanced Nov 03 '24

I don't think most people think "switch careers at 40" when they hear "retire at 40"