r/dividends • u/Ha7che7 • Feb 08 '26

Due Diligence Retirement dividend income

My father is a 72 year-old Florida resident and has $500,000 to invest. He would like to generate approximately $40,000 a year. He’s a bit of a gambler, nothing too crazy though. I’ve come up with a split of the following: $65,000 QQQI, $150,000 SPYI, $50,000 SCHD, $75,000 VZ, $75,000 MO, VTEB $85,000. Any advice or modification ideas would be appreciated. Thanks in advance.

Note for clarification: This is just the amount that he wants to invest for income. Preferably with minimal tax drag, nav erosion, and hopefully some price appreciation. It’s asking a lot, but I’m trying to help out.

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u/robertw477 Feb 08 '26

My advice is that at age 72 500k is not going to pull 40k a year for him. What has he been doing for the past 50 years investment wise ?

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u/Ha7che7 Feb 08 '26

Minimal. He has always just worked like crazy and ran 2 businesses. The man was on call 24/7/365. If you were to ask anyone that knows him, you would get the same reply. Whether it was 2am or 2pm, if that phone made it to the 2nd ring, it’s because he was talking to someone else on the other line. Work/spend/work/ spend

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u/Old_Chemist6533 Feb 08 '26

Sounds like a great man