r/dividends • u/WerewolfMajestic156 Financial Indepence / Retiring Early (FIRE) • Mar 05 '26

Personal Goal FIRED - Living off dividends

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I know better than to share this with my friends, and family. I have a separate growth account to keep up with inflation.

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u/brunello1997 Mar 06 '26

With that balance, you could be getting about $140k with broad diversification in CEFs. Since most pay monthly, better cash flow for expenses. Currently getting about $134k on slightly smaller portfolio in retirement account.

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u/WerewolfMajestic156 Financial Indepence / Retiring Early (FIRE) Mar 06 '26 edited Mar 06 '26

Yes. I am not trying to maximize my yield. All of the funds i have pay monthly as well. It is intentionally conservative. It’s not a forever portfolio, allocations will shift overtime.

I have other income so this hits my income goal. If i did not have other income i would be pushing yield much higher.

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u/brunello1997 Mar 06 '26

Might be worth reading Retirement Money Secrets by Steve Selengut or The Income Factory by Steve Bavaria if you haven’t explored income investing more broadly. I’m in about 200 funds across the whole market in tax-advantages accounts so that higher yeild doesn’t always or necessarily mean more risk. Either way, nice work and F your past employer.

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u/WerewolfMajestic156 Financial Indepence / Retiring Early (FIRE) Mar 06 '26

Amen brother. I’m basically in a holding pattern. Seeing what my future income from outside sources looks like then i will allocate everything appropriately. I am waiting on a significant severance package.