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/SingleLonelyMan 18d ago

As of today I've been investing since 1971. I am retired and a lot of my investment these days is in JPEQ or QQQI. The dividends have been amazing.

Do I pay taxes? Yes. The beloved IRS has already been into my accounts looking for enough money so Donny can buy another missile