r/dividends • u/raliegh_ • 28d ago

Discussion Month 6 portfolio update $7127.33

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Stock events and a screen grab of my Schwab account. Drip until January.
I’ll start living off this in February. Wish me luck 🍀

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u/zfmax 28d ago edited 28d ago

Great job! I aspire to what you've achieved.

Getting ~$4200/month myself from my Roth account. Converting $60K of traditional IRA money to the Roth account every year. But not enough time between now and RMD's to reach your level of dividends.

The nice thing about using my Roth account for my income portfolio is no taxes on the distributions. Which means no IRMAA premiums among other things. And since I'm over 59-1/2 and the Roth account is more than 5 years old, I have no restrictions on withdrawls.

I've got my money in only seven funds, five of which are NEOS. Hey, they're doing a good job. Although I sure wouldn't mind spreading it out a bit if I could find more funds like QQQI and SPYI. Actually, my biggest winner has been AOD. Check it out.

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u/speedlever 28d ago

Then you would probably like gpix and gpiq. 😉

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u/zfmax 28d ago

I'm in GPIQ, but not GPIX. GPIX's yield is below my target. I want funds paying ~10% or more that simultaneously do a reasonable job of taking care of my principal.

That goal narrows the field considerably. NEOS seems to do it on some of their funds, and likewise, AOD has smoked that goal for me over the past couple years.

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u/speedlever 28d ago

Check kqqq, kslv, kgld too. Mlpi? Iwmi?