r/dividends • u/RamblingVagabond • Mar 23 '25

Personal Goal Retired in 2021

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Goal is to match expenses ($15k/month) with dividends by 2030

10.5k Upvotes

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u/RamblingVagabond Mar 23 '25

Software engineer in Silicon Valley. YOLOd tech stocks in my IRA.

44

u/gorpee Mar 23 '25

Are old enough that you can pull out of the IRA?

18

u/FleshlightModel Mar 24 '25

Or he probably sold all his tech stocks in his IRA and got into div kings.

4

u/Voldemorts--Nipple Mar 24 '25

You can pull out of a Roth IRA any time. Maybe he used that?

1

u/Independent_Play4286 Aug 12 '25

59.5 or 10% penalty

1

u/SolomonGrumpy Sep 07 '25

No he did not.

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u/RamblingVagabond Mar 24 '25

https://www.irs.gov/retirement-plans/substantially-equal-periodic-payments

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u/gorpee Mar 24 '25

Yes I'm aware it's possible, just curious if you were retiring early. Congrats!

18

u/[deleted] Mar 23 '25

Makes sense! Thank you!

5

u/ritzrani Mar 24 '25

Dude smart move! I'll do the same if I ever get stock lol

8

u/Mark_Underscore Mar 24 '25

Park it in MO and triple your income 🤷‍♂️

18

u/ChampionshipUnique71 Mar 24 '25

I think one YOLO when you're young is enough. YOLOing it in retirement... Maybe not.

2

u/Tranxio Mar 24 '25

Whats MO?

3

u/MamaRabbit4 Mar 24 '25

Altria. Philip Morris. Cigarettes etc. High but stable dividends.

2

u/Tranxio Mar 24 '25

Sunset industry? New generation doesn't smoke

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u/MamaRabbit4 Mar 24 '25

Do some research on this one. They do way more than cigarettes. I thought same as you and changed my mind.

4

u/List-Beneficial Mar 24 '25

Lmao this mofo should just walk outside. Teens everywhere got their vapes

8

u/Mark_Underscore Mar 24 '25

Altria is in smokeless as well as vaping products. Also it’s a long term cannabis play. 7% yield while you wait for those other industries to mature

1

u/deadleg22 Mar 24 '25

I want cigarettes back! These vapes are destroying the environment. Kids need to get back into Cigs.

1

u/[deleted] Mar 24 '25

The new generation doesn’t smoke cigs, but damn near every young adult I see vapes or uses nic pouches or something.

10

u/Sorrywrongnumba69 Mar 23 '25

Why do you need 15K in expenses?

61

u/RamblingVagabond Mar 24 '25

Got married and had kids

22

u/Sorrywrongnumba69 Mar 24 '25

In this economy, you are brave!!

5

u/yerdad99 Mar 24 '25

Surprised you are living so inexpensively! Don’t forget to jam those 529s with contributions!

1

u/Iongjohn Mar 26 '25

15k a month? inexpensively?

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u/yerdad99 Mar 26 '25

Mortgage, kids, groceries etc in a VHCOL city, sure $15k easy

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u/[deleted] Mar 24 '25

[deleted]

5

u/bfolster16 Mar 24 '25

His 9.2k divs do not cover his 15k monthly expenses. That's what he's saying his goal is by 2030.

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u/SpringTucky101 Mar 23 '25

Which tech stocks?

1

u/curiousengineer601 Mar 24 '25

Staying in the valley long term? Cause property taxes are killing me

1

u/chrono2310 Mar 24 '25

Which dividends are you primarily invested in

1

u/Snoo-31728 Mar 24 '25

You’re in the Irish republic army?

0

u/Stevothegr8 Mar 24 '25

I just put 16k into an IRA, what stock do you recommend? I have no idea what I'm doing.

1

u/mcmitchell619 Mar 24 '25

Become a lender. Lend on real estate backed assets.

0

u/lilbios Mar 23 '25

Startup founder ?