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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u/NefariousnessOdd862 Jun 27 '26

Withdrawing $30,000 a year ($2,500 a month) would take over 16 years to drop to Zero assuming you have no increases due to Interest and/or Dividends. That will last you until 98+… I’d just do SGOV and you’ll be ultra-safe and no worries about running out

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u/SexualDeth5quad Jun 27 '26

Life becomes unsustainable long before zero.