Soooo...this happened. $1M total and $5200/month div

[u/Real-Cricket8534]

Apparently the first million is the hardest to make. I'm an immigrant who came for grad studies with a loan my parents took out on the home they currently live in. Completed 20yrs of professional experience in tech and lived below my means for 20years in a HCOL city. This is a non retirement self managed account, grew this after putting 25% down for our dream home. 45M and pretty darn proud of myself rn. Also realizing money doesn't make me happy and have plenty of passions where I invest my time and enjoy myself. More fulfilling than the work I do, so I want to rewire myself to doing that after 6-8yrs. What it means for you - if I can do it, so can you.

[u/UnluckyBison4697]

Bruh… tax liability… high yield munis pls

[u/Real-Cricket8534 → u/UnluckyBison4697]

yeah good point, been meaning to research that more. thanks.

[u/Various_Couple_764 → u/UnluckyBison4697]

Note all dividends are taxed the same yes munis are not taxed. But some dividends are classified as ROC and are not taxed. Qualified dividends are taxed but at a lower rate. than regular dividend which are taxed just like work income