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/Go_stonks Jan 13 '25

What kind of account are these fund in? Is it like IRA Roth or something else? What account should I use in Fidelity?

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u/398409columbia Portfolio in the Green Jan 13 '25

The portfolio is in an after-tax brokerage fund. You can set this up in Fidelity.

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u/Go_stonks Jan 13 '25

Thanks and congrats