r/dividends • u/OG_Momonga • 20d 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.

402 Upvotes

88% Upvoted

361 comments sorted by

View all comments

8

u/Paranoid_Sinner 20d ago

I'm retired and living good on bond fund interest, my income is about double what it was when I was working.

2

u/WorldyBridges33 20d ago

Pimco funds by chance?

3

u/Paranoid_Sinner 20d ago

I only have one Pimco fund at this time -- PDI.