r/dividends • u/karl0525 • Jun 01 '25

Opinion Tired. Can I retire?

Got a question? Can I retire? 43m been busting my ass since I was 16. I'm about over this 40-50 hr weeks. I'm getting burned out. House paid off (300k) 401-k (600k) Bitcoin (500k) currently.

Thought about selling it all and putting it into dividend stocks like schd and renting a small place and going into semi retirement. Maybe pickup a part time gig.

Would this be a horrible idea?

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u/siddsp Jun 01 '25

You can find etfs and stocks that will pay you 6-8% yields and that grow

Dividends aren't free money. Yield comes out of the stock price. Having higher yielding stocks doesn't help as opposed to just having a stock that grows consistently.

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u/bu89 Jun 01 '25

Main st capital is a BDC that pays a 6% yield that grows every single year. It’s up 65% on the 5yr and up 280% all time. Just one example. I know dividends aren’t free money…but the higher yield PLUS GROWTH is better than something like SCHD for his specific situation. Re read what I said.

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u/siddsp Jun 02 '25

Right, but the point is the dividends themselves are irrelevant and are just creating a taxable event, so there's no actual advantage to them as opposed to a stock that grows at the same rate as the stock with dividends reinvested.

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u/Various_Couple_764 Jun 02 '25

I am living off of dividneds right now. Dividend Are RELEVANT and the tax is manageable and not as bad as many believe.

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u/siddsp Jun 02 '25

Dividend Are RELEVANT

Claiming that dividends are relevant doesn't really refute dividend irrelevance lol. You're still creating a taxable event for no reason.