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

To: JimisJim who wrote (30378)	1/14/2019 12:42:27 PM
From: Mannie	3 Recommendations Recommended By B.O. Plenty JimisJim rnsmth Read Replies (2) \| Respond to of 34328

I've decided to start dipping my toe into "retirement." Next month I will take my first distribution from retirement funds. I will continue to run my business, but will be much more choosy about projects, and clients, I take on. Starting to take retirement funds will allow me to slash my payments to myself from my business, and hopefully slash away some of the stress of being a business owner (I am 62 and have not worked for anyone else since I was 18). Keeping the business operating will also allow me to continue to write off a lot of expenses. This will also allow me to continue to add to the Roth. I am planning to take about 40% of my dividends out, and keep reinvesting 60%.....I will to calculate a monthly payment each January 1, based on projected dividend income. I combine the dividends from both a Sepp IRA and my Roth to get the total projected dividends, but will take the payments only from the Sepp, and will allow the Roth to continue to compounding tax free for the foreseeable future. Looking forward to this....