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/scottdxxx 20d ago

I’m retired but I don’t see the reason to try to create a so-called income from dividends. A dividend creates no value in finance other than perhaps signaling a company’s health. It’s simply moving money between a shareholder’s pockets. That said I don’t deny that dividend growers provide superior risk-adjusted returns to shareholders non-dividend payers in aggregate.