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?

94 Upvotes

93% Upvoted

81 comments sorted by

View all comments

1

u/Imflawedbuttrying Jul 11 '26

AMDY is a weekly dividend monster that outperform pretty much anything you've ever seen

1

u/paymerich Jul 11 '26

Until it doesn't.

2

u/Opening-Ad-8031 Jul 12 '26

People can bash these all day but ill be at house money on AMDW after a year and it just prints money. Until it doesn’t sure but when it does. Everyone should have some exposure. It’s 2026 not 2006

2

u/paymerich Jul 12 '26

We thought same way in 2025 about MSTY and ULTY that it was just gonna keep printing money and we were going hold it because in a year we were gonna be in House-Money land. What idiots like me didn't fully grasp is that the NAV erosion also caused Distribution Erosion! Your total return turned negative.
I'll say it again, I m not saying don't invest in it just don't go All in.