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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (10290)	11/2/2011 8:56:39 PM
From: Steve Felix	Respond to of 34328

PSEC made June 2010 the only month ( so far ) that my estimated annual income went down. Reply 4951: Always taking a chance with the high yielders. Roughly a $350 annual cut for me here. Depending on the release you read, PSEC is either going to use cash to buy back shares or reinvest it. Either way it amounts to a dividend cut from roughly 1.64 to 1.21. Reply 5009: Hate to see estimated income go down from PSEC, but after ending December with $10,844.80 in estimated income, and setting a goal of 12k in income before switching to Achievers, Aristocrats and Champions with all new dividend income, I guess I can't complain with $12.2k in income six months later. -------- Those thoughts morphed into wanting the ability to take $1000 in cash per month after taxes from this account. I still have over two years before I could touch it. At current rates ( who knows the future ), I believe we can get away with 15% taxes. Pennsylvania gets their money up front, making pensions, IRAs, etc. not state taxed. People move here just for that reason although I have read where some states are working on ways to get their money. Haven't kept up as I am not affected. So any income over $14,120 is currently cushion. Now I want to build more with growers. PEP and WM currently top my list, but you never know what could go on sale in this market. Still plan to leave the whole account to our girls when we pass, but with my wifes sisters death at 56, and recently my cousin at 54, I'm thinking the wife and I spend the cash it throws off, regardless if it is for something important or hopefully just on fun.