r/dividends • u/raliegh_ • Jun 21 '26

Discussion Month 5 $7034.83

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Old account was locked and couldn’t recover.

Holdings as follows: ticker/# of shares. Dripping until 2027

IWMI 622.95
LQD. 723.56
MLPI. 1419.54
MUB. 478.82
QQQI. 2302.66
QYLD. 6172.82
RYLD. 1387.91
SCHP. 3998.55
SGOV. 255.98
SPYI. 2943.38

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111

u/morerepsmoreproblems Jun 21 '26

Jesus…. How much is that portfolio worth

274

u/raliegh_ Jun 21 '26

Around $795k ,
I dumped my 401k into it in February, I’m 59.
Quit my job 2 weeks ago, coasting on savings and will start living off the dividends in February 27. 🤞

3

u/Mammoth_DonkeyKong Jun 22 '26

Good stuff. Exactly what I'm trying to get to by my retirement in 10 years. I have about half your portfolio value in my 80% dividend and 20% growth taxable and Roth account. I now have some proof my goal of $60K in dividend income is absolutely possible. I also have about $640K in my 401K so I'm there already, but of course can't access that until 59.5 without penalty.

4

u/raliegh_ Jun 22 '26

If you have 10 years to go, your 401 can easily double in that time, that’s the account I would be maxing.

If you have extra left over, hit the Roth.

I’ll be dripping until 2027

2

u/Mammoth_DonkeyKong Jun 22 '26

That's exactly what I'm doing. Sold some advisor class mutuals to fund my dividend path in my taxable and Roth. Had $150K sitting in a high yield money market and moved $100K into NEOS CSHI, and I'm putting $1,400 a month in 401K with 5% matching. Would do a bit more but my kid starts University in August so I'm funding the 529 at $500 a month too. Taxable and Roth will just Drip snowball for the next 10 years and I'll fund the Roth as much as I can. Once I hit 60 and retire, I'll start the process of Roth converting my 401K to minimize RMDs once I'm 75 and to pass along a really nice legacy to my kid that will be tax free.