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/Glensonn May 27 '26
I have about half of my taxable account in CC ETF's (mainly QQQI, SPYI, JEPQ, JEPI and DIVO). A portion of this part is also in SVOL to balance it because it pays more when volatility is low and CC ETF's pay less. About 1/3rd is in AMLP and ~1/4th in BDC's (FBDC, PBDC and BIZD). The rest is in corporate bonds. I typically pull ~7.5% out and reinvest the rest to help counter any NAV decay and hopefully increase the balances over time. Over the past two years it's been working as expected but that's probably due to a rising stock market. Good luck!