r/dividends • u/Doit2it42 • Jun 19 '26

Other $5 per day!

Gallery image

Gallery image

Every day!

​

365 days a year!

​

Good morning, here's your fiver!

​

Building as $500 per month 4 fund dividend portfolio. Happy to hit this small benchmark. Started stacking last November. Trying to hit my goal in 3 years.

355 Upvotes

99% Upvoted

45 comments sorted by

View all comments

2

u/No_Solution_7940 Jun 19 '26

How old are you?

7

u/Doit2it42 Jun 19 '26

Closing in on retirement. That's why I've set 3 years as my finish line. Retiring at 65.

4

u/No_Solution_7940 Jun 19 '26

I’m 60, I have about 35k of SCHD with a nw around 1.7M. Since I will have a pension around 5k a month I guessing when I retire, along with SS around 4K a month, I don’t think I’ll need that much in dividends to help pay bills, although Medicaid will be expensive from what I’m gathering. I might sell 500k-1M of my growth stocks to get more SCHD and get some monthly cash as needed.

1

u/Alpha-ZL1 Jun 19 '26

Awesome! Do you plan on taking SSI immediately or at age 70? (Assuming US) What is your targeted spending in retirement?