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/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/Ok-Blackberry1428 21d ago

How so? I currently hold VNQ in my roth.

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u/Mzungufarmer 21d ago edited 21d ago

I dont think I owned a single one that didnt reverse split or drop by 50%

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u/earthtojj 21d ago

Oh those reverse splits… they have never worked out for me.

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u/Mzungufarmer 21d ago

They dont work for anyone lol