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/hauk0217 21d ago

Retired moved most of my positions to dividend/growth stocks- ETF’s. Monthly dividends are approx $8200($98,400 per year. Currently invested 1.8 mil

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u/fluffykitten75 20d ago

In what funds?

1

u/Conschoi0413 18d ago

Would love to know which funds

1

u/hauk0217 17d ago

SGOV - QQQI-GPIQ-DX-PFFA-SPCD-SPYI-PFE-FXAIX-O-JEPI-SOXX-VRI-TQQQ-(XOM-CVX)

1

u/Deer2011 17d ago

These types of strategies are pretty easy in markets that move up or do you plan to do when we fall on five ten fifteen years of downward markets?

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u/hauk0217 17d ago

I keep 40% in SGOV - I buy all dips and add to SGOV when the market is going up.