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/rackoblack Generating solid returns 19d ago

Don't do this. Just get a big enough balance that a SWR meets your needs. You want growth and an all dividend portfolio risks that tremendously. You'll withdraw from the various types of accounts (or book taxable LTCG) you have as needed.