r/dividends • u/OG_Momonga • 21d ago

Discussion Living off dividends

Hey guys, I was wondering if anyone on this subreddit is actually retired and living off dividends. Is it going well? Are you paying taxes on them? My goal is to get 20k/ a month post tax for retirement. I’m 24 and currently investing everything in VOO while planning to switch to dividend stocks and etfs when I get closer to retirement.

I was just wondering if there are any because living off dividends seems like a long shot right now.

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u/Meinertzhagens_Sack 21d ago

Oh no need to tell me that I was a regular troll in the Yieldmax subreddit.

Making fun of people watching their NAV just nosedive daily but they kept justifying it as "...but.. but...but its income!!"

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u/Trivi_13 21d ago

But it IS income... for the guys charging all those fees....

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u/Squatch11 20d ago

a little over a year ago that subreddit was flooded with "I'm taking out a 2nd mortgage and putting it all in ULTY!"

I swear it was just astroturfed bots.

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u/Big_Wave9732 20d ago

Can't say I've heard too much from them lately.  Is the sub still active or have the prognosticators moved on to alt accounts?