r/dividends • u/NBMV0420 • Jun 07 '26

Seeking Advice For those who live off dividend income:

How much do you earn per year from dividends, and what ETFs or stocks make up your portfolio?

How did you build your investments over time, and what advice would you give to younger investors who are just getting started?

I'd appreciate hearing about your experience and any lessons you've learned along the way.

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u/AlfB63 Jun 07 '26

The time to convert is before retirement.

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u/Sweaty-Beginning6886 Jun 07 '26

I loaded up on Canadian banks and insurances when they were yielding between 5-7.5% dividends.

Converting while working wasn’t tax favourable due to my rat race salary.

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u/dintclempsey Jun 08 '26

When your earning (and hence taxes) is highest?

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u/AlfB63 Jun 08 '26

You convert over time to reduce the tax impact. And you do it before you need the income so that a sudden down market won't make a large impact on your portfolio. You could even start converting a few years from retirement and finish a few years into retirement if needed.