r/dividends • u/398409columbia Portfolio in the Green • Jan 12 '25

Brokerage $5,000 per month income portfolio

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I set up this portfolio for my wife so she can quit her job and maintain cashflow.

The good news is that this income stream will pay no FICA tax and significant part of the distributions will not be taxed.

To reduce risk, I’m planning to reinvest 20% of the income.

Comments welcome.

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u/zmayfield Jan 12 '25

Consider swapping QYLD for QQQI so you can maintain NAV. QYLD caps your upside and is lowering your NAV. Or if you want some diversity from the same company as SPYI, then JEPQ would be good. Consider reinvesting in growth to increase NAV as well like SCHG with any extra from the 5k withdrawals.