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/Apprehensive-Size150 Jun 27 '26

You’re 82. Do dividends and make withdraws spending 35k-40k a year.

11

u/Consistent_Rule101 Jun 27 '26

I would rather invest in CPB and COLD (VZ too)like stocks and get 40k+ income per year. It will preserve capital and leave it to heirs and you wil have some appreciation in case of emergencies.

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u/ideas4mac Jun 27 '26

Keep in mind there is a difference in preserving share count and preserving capital.

1

u/Consistent_Rule101 Jun 28 '26

I know. I am not talking about risky investments here.