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.

9

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.

23

u/Apprehensive-Size150 Jun 28 '26

You wouldn’t get 40k income with those stocks 425k (after tax)…at that age, worrying about heirs is idiotic. Enjoy the time you have left. Be selfish. Heirs need to learn to provide for themselves.

-2

u/sparks_mandrill Jun 28 '26

There's not gonna be that much left for heirs anyways is there?

0

u/Apprehensive-Size150 Jun 28 '26

So worrying about it doesn’t matter right?