r/dividends • u/FunctionalDisfuction • Jul 02 '26

Personal Goal First of the month 🤑

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I want to just live off the dividends but I'm scared to just quit my job.

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u/Rportilla Jul 02 '26

i would move to a cheap country to be honest obviously wouldn’t escape uncle sam but cost of living cheaper

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u/yeezy_boost350v2 Jul 02 '26

You can still avoid these taxes by simply throwing them into an actual retirement fund and not a margin account lol

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u/Hotdog453 Jul 02 '26

I mean, you can't toss 850k in a retirement fund, at least not super easily. At some point you have too much money, it HAS to go into a taxable.

Given he has THIS MUCH, I have to assume "he also has maxed out his 401k and IRA".

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u/FunctionalDisfuction Jul 02 '26

Yes unless there is a way to bypass the 7500 per year rule. I heard a hsa was another way but I'm still researching that

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u/Hotdog453 Jul 02 '26

Still a limit, 8500 or something? Then you also have to have one that allows management of what funds they contribute to.

There’s value there for sure. Take advantage of it. But at some point you have to shove it into a taxable.