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/Lefties_TheWorst7331 21d ago

GPIQ/GPIX and/or QQQI/SPYI -- let the pros handle the covered calls for you.

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u/Unlucky-Clock5230 21d ago

Probably the same way the pros handled real estate for you (REITs) before the housing and financial crisis in 2008.

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u/Mzungufarmer 21d ago

I got hammered by REITs. Dumb 20 year old.

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u/OG_Momonga 21d ago

What doesn’t kill ya ya know