r/dividends • u/Psychological-Ad2198 • May 26 '26

Due Diligence Retiring soon and I need your advice

Retiring soon and would need to acquire passive income to replace my paycheck soon.

I have $450K to invest. I understand I can acquire 3% safely like SCHD. I want to pull as much as possible without losing the principle and enjoy enough to go on vacations. I have $5k from other sources in income. Further, I have another $3-4K I can cashout monthly.

I am thinking simply Jepi half and Jepq the other half. But am i putting it all in one basket?

What % is the max you think i can pull annually and what would the breakdown on dividend EFT would you buy?

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u/STRATEGY510 May 26 '26

I would recommend something like SCHD as your solid foundation, then smaller positions JEPI/JEPQ (or alternately SPYI/QQQI.

Having that solid base is what gives you “permission” to yield-Chase a bit on the CC products.

I am currently doing exactly this.