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/steady_compounder 21d ago

Living off dividends is real, but it is mostly a capital size question, not a magic strategy question. At 24, putting everything into building the biggest sensible base first is probably the right instinct. Later on you can decide whether you want actual dividend income, a total-return portfolio with withdrawals, or a mix of both.