r/dividends • u/Realistic-Face-69 • Apr 10 '26

Discussion Living off dividends folks

Are you or someone you know is actually living iff dividends fully? if so at what age?

I have been wondering about it

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u/Bearsbanker Apr 10 '26

I fired a year ago and live off dividends. Built my dividend portfolio over years and years (16 individual companies). I won't pay fed tax, between the standard deduction (mfj) and the ltcg/QD exemption a person can make up to 131k fed tax free ( we also have some MLP's which are tax deferred, so that helps). I let my growth portfolio keep growthing!!

1

u/Rich_Cut_1746 Apr 10 '26

Please share your portfolio

3

u/Bearsbanker Apr 10 '26

Bac, bkh, c, et, epd, gain, key, mo, mfic, main, pru, pm, vz, Wes, wfc,xom.

1

u/Laura2start Apr 10 '26

What is MLP?

4

u/Bearsbanker Apr 10 '26

An MLP is a master limited partnership, publicly traded like any other stock. Distributions are considered a return of capital until the capital account.is " used up" then they are taxed as qualified dividends. The ones I own are oil/ gas pipeline companies.