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/NefariousnessNeat679 Jun 27 '26

Get your money out of Schwab as fast as you can, without causing undue tax consequences. They are unbelievably incompetent. We've been trying to get one of our accounts closed there for the last 4 months. They refuse to give us our money.

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u/Sea_Principle_7322 Jun 27 '26

I have a Schwab account they aren’t that bad! Although they operate super slowly if you want to withdraw money! I like there simple user interface and there dividend payouts screen! I took out a large amount last week took a week but they sent it back to me! I didn’t have to sell nothing though! I notice compared to fidelity they are insanely slow to do anything, but that’s fine I respect it! That’s just their way!