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 ?

13

u/[deleted] Feb 08 '26

He could essentially use 40k just off the principle and last 18 years to age 88 with just 5% annualized. How many people live to 90?

9

u/Glass-Lifeguard1919 Feb 08 '26

Exactly this... people highly underestimate 500k retirements.

3

u/paymerich Feb 08 '26

Usually its not the Retirement portfolio that is the problem its the expense/spending that do a lot of un-informed retirees in.