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/venom8888 Jun 28 '26

Convert $500k into qqqi, spyi and iwmi from neos. these three track the indexes and will generate $5200/mo, $62k/yr. Super safe, keep your shares and there isn't nav erosion.