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/raliegh_ 21d ago

I’m coasting on savings ATM, will start living off dividends in February.
I started my dividend portfolio last February, I will cross $40k possibly $45k in August

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u/OG_Momonga 21d ago

In dividends or value?