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

To: Kip S who wrote (27951)	9/25/2017 5:37:23 PM
From: JimisJim	Respond to of 34328

<"I am really focusing on..."> You are focused on the most important aspect, IMO... I have no doubt you will see a steadily rising income stream as a result... My transition into distribution phase has me temporarily at a 5% current/nominal yield from my IRAs combined/averaged, mostly due to some 1-2 year (at least this is the plan) parking of cash divvies from the past year or two, plus a bit from other sources into CEFs that I will abandon over the next 18 mos., give or take depending on real world events... at that point, will turn on the cash divvies from my wife's IRA (which we have not touched so far) and redeploy probably all but TPZ of my CEFs into more traditional -- and lower yielding -- positions with less risk... I'm anticipating my wife's IRAs to nominally yield 4.5% in 4-5 years when she has to start RMDs... her current yield overall is a hair under 2%, but primarily because she's only 55% invested so far with the rest in cash/money markets. FWIW, my IRAs combined YOC is now north of 12%... and for reference, my CEFs for temp. income boost include 1/2 to full positions in: EOS, ETV, FLC, IGA, TPZ and HIE... I only view TPZ as a long term hold... A little disappointed, but in a good way, that my AVA went away (I sold on the buyout news) and I don't have a ready replacement with similar risk/reward profile, at least not in regulated utes and I really would like to keep that money in that sector as I don't want fewer utes than before AVA went away... hence my TPZ for now and worst case, I add to existing utes in either my IRA, my wife's or both: D, DUK, LNT, NWN, WEC, SRE, AEP, SO (riskiest, IMO)... still mulling ED, NEE and a couple others I don't remember off the top of my head... Good luck! Looks like you're on the right track to meet your goals.