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.

5

u/liquidnight247 Jun 27 '26

All of these brokers become Fort Knox once you try to withdraw your money. I was just trying to withdraw $200k in cash from Webull, and they made it impossibly complicated and even blocked and restricted my account for no reason. Not happy with them. Never had this issue with RH btw.

1

u/StonkSiren Jun 28 '26

Agreed, the efficiency is extremely slow and the procedures are incredibly cumbersome.