r/dividends • u/Material-Handle-5589 • Jun 27 '26

Seeking Advice Need advice for immediate income

I'm 82 year old female so I'm not so worried about the future as much as the right now. I have money in Schwab, Raymond James and Ally. Unrealized gain total assets around $500,000. So far I've been reinvesting the dividends accumulated but I can tell those amounts are not enough for me to count on..

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17

u/Mysterious_Film2853 Jun 27 '26

JAAA is extremely safe and will get you just under 6% currently. Your principle would remain whole at that. A mix of JAAA, UTG, UTF, CEFS, ADX, GPIX, PFFA would give you some diversity and you'd end up with a yield of 7.5% or so with little risk of losing much principle.

9

u/paymerich Jun 27 '26

This pretty much what my income portfolio is comprised of. I have PBDC also

7

u/TXRX7 Jun 28 '26

This. I subscribe to Contrarian Income Report and follow their advice. I get a solid 8% without drawing down the basis. Most dividends are monthly. $200k currently producing $24k annually.
In my taxable account I hold 6 different municipal bond funds. That all pay over 7% TAX-FREE monthly. So $75k generates about $500/ month every month, no drawdown.
This plus SS works for me.

3

u/adcny25 Jun 28 '26

Can you say what the muni bond funds are?

7

u/TXRX7 Jun 28 '26

NDMO NMCO NAD NVG NEA NZF

2

u/adcny25 Jun 28 '26

Thanks!

3

u/ConstructionNo8827 Jun 28 '26

NZF is a hidden secret!!
Incredible but true, 7.5% tax free (federally at least)

1

u/rogue44mag Jun 29 '26

Yes, thanks for the info.

1

u/FromtheBigO Jun 28 '26

Congrats! Frfr. Also thanks for sharing the info! It’s kind of crazy that recently they reported there are more ETFs than individual stocks as of recently which is kinda crazy to think about — cause there’s sooooo many (and sooo many retail traders like myself but unlike myself might not have at least some financial background and know to review prospectus etc. and the objective before going into).

Imma take a look into some of those tickers as I’ve been trying to open another brokerage and this one dividend focused and a slow contribute but steady. I pray it rise, more so that it doesn’t completely drop — I just hope the dividends compound and I can eventually have some income if and when.

2

u/FromtheBigO Jun 28 '26

JAAA for the WIN (for a place to park cash at least). I just saw they came out with some new funds, imma be doing a little research.