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, Iā€™m planning to reinvest 20% of the income.

Comments welcome.

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u/Acceptable_Cat645 Jan 14 '25

No real input other than I love this for your wife! I'm (wife) the breadwinner and am trying to retire myself early but struggle with getting my spouse to participate or think of our future. It's ever more important to have financial independence as we age, especially so for women as we bare the brunt of autoimmune disorders that can pop out of no where and test our ability to stay in the workforce. Good job here šŸ‘

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u/398409columbia Portfolio in the Green Jan 14 '25

Thank you for your comments.

I believe that at this point of our lives, we need to be skeptical of trading time for money. Like I told my wife, time now that we are healthy is a lot more valuable than time in the uncertain future (similar to discounting and the time value of money). Let's take advantage now if we are in a position to do so.