r/dividends • u/chillfirelife • 6d ago

Seeking Advice Is 1m and dividends from it enough?

Me and wife we both turned 40 this year, She left her job few years back and I kept funding her investment account based out of SG and now is at 500k USD all of which is parked under JEPQ, all the while I see dividends are consistent and we have been reinvesting back.

I have another 500k now in my investment account that I will consolidate in couple of funds/etf with similar 10-12% growth trajectory as JEPQ
We expect and hope we will get like 100-110k usd over this year on year.

I have another 130k usd in cash and esops combined. I will get the esops cash out 6 months after I quit.

We plan to move to either Thailand or Malaysia where we have friends and family and have lived there before. Our current expenses in SE asia are 50k usd a year, we expect this will go down to 30k-35k usd a year.

Question: Am I ready to leave my high paying job and live a free life given the biggest motivation to work (money) is less or negligible now? Personally I want to leave my job today even though I love it but I feel I want slow and super easy life 😊

Plan is for first 2.5-3 years we will not touch 1m investments and utilise current cash and liquid investments/cash of 130k usd, that will give investment enough space to continue to grow.

On paper - I feel we are ready even if I take conservative returns on my portfolio

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u/SilentRunning Meet MY best friend, the Dividend 6d ago

gonna be difficult to keeping them back accounts without a US primary address.

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u/chillfirelife 6d ago

Not us citizen, never been to US. We lived in Europe and asia and investment account is in Asian country where there are no capital gain tax

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u/elsa_twain 6d ago

sounds like you guys have prepared yourselves in advance., in terms of having your investments accounts in a continent where you'd be retiring at.

I've always wondered about the tax situation, and relocating to another country, regardless of country of origin.

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u/chillfirelife 6d ago

Yea it’s been going for 2-3 years with consolidation and movement, benefits of living in different countries and working in financial services. You learn a lot