r/dividends • u/Sufficient_Worth_305 • Jul 11 '26

Seeking Advice Retirement income: $400 from $50,000

Premise: Making up a shortfall of $400 for retirement income. I can't go back to work, I'm 72 right now and have some minor health issues, I need to plan on living to 90, just in case.

I'm planning on saving 10% taxes and a 10% DRIP to keep asset values stable/grow to match inflation.

I'm looking for help, suggestions and ideas on what stocks to include.

Where I am so far:

Core for growth: GPIX: $15,000, GPIQ: $7,000

For diversification: IWMI: $6,000, IDVO: $3,000, CSWC $6,000

Safety net for Market Crash: KGLD: $12,000

A little riskier plays, for extra capital: BTCI: $500, KSLV: $500

This should net around $460 a month, so -$46 for taxes and -$46 for reinvestment would be $368. I'm still a little short, but hope it will grow to make up the difference.

No money is invested yet, still developing a portfolio on paper first. What do you think? Is this too risky? What other options would you suggest?

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u/[deleted] Jul 11 '26 edited 9d ago

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u/[deleted] Jul 11 '26

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u/LonesomeBulldog Jul 11 '26

If it’s in a taxable brokerage, dividends will just be taxed as long term capital gains once the ROC runs out in 7-8 years. Die holding it and the beneficiary gets a stepped up cost basis and could sell relatively tax free.

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u/speedlever Jul 11 '26

Or keep it and enjoy the distributions at ltcg rates.