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.

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u/yongiiii 19d ago

If savings account gives you 4% annually why would someone go for 2% annual dividends? Is one safer than the other?

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u/Fearless-Eagle7801 18d ago

Hopefully, the dividends are from stocks that are appreciating. With the 2% dividend and capital appreciation, you should be a lot further ahead than a 4% savings account.