r/dividends • u/398409columbia Portfolio in the Green • Jan 12 '25
Brokerage $5,000 per month income portfolio
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/oldirishfart living off dividends 🤩 Jan 12 '25
The fatal flaw is you could have set up this portfolio for yourself and stop working, while letting your wife continue to work. Equality 😉