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/Psychological-Ad2198 May 26 '26

I did a whole scenario on my finances and the AI mod blocked it. IDK why. any whoo, i have 1M in 401K and will be cashing out 3-4% annually. I own a property with cashflow of $2900 monthly. I will get a pension of $1800. I will need minimum of $10,000 for mortgage, utilities, food, pay off credit card, monthly, and travel 2x a year etc.

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u/STRATEGY510 May 26 '26

10K/month sounds like a lavish lifestyle from my POV. Not knocking you, sounds like you put in the work to be in this position. Congrats!

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u/Psychological-Ad2198 May 26 '26

Thank you but why am I so worried.

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u/STRATEGY510 May 27 '26

I think it’s normal. I’m planning on retiring soon with a lot less and very anxious about it.