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

To: JimisJim who wrote (30851)	3/5/2019 9:29:52 PM
From: Mannie	Read Replies (1) \| Respond to of 34328

I'm finding very similar results Jim, over the last couple of years I have migrated to a more High Yield mix of mostly mReits, CEF's and BDC's. I started taking monthly income this year, I had planned to start with taking 40% of my dividend income monthly, but decided to go with 35% to start with, and it's working fine so far....more than fine, I'm really happy, and I am not pushing any boundaries. I'm still working, but I've never been happier to slash my income from the business. It has allowed me to ease back on day to day business worries, and just take work that interests me. I imagine I'll be designing gardens for a long time.... I'll probably start taking SS in a couple years at 64 or 65.

To: JimisJim who wrote (30851)	3/6/2019 12:07:39 AM
From: Steve Felix	Read Replies (1) \| Respond to of 34328

More ways to do it than you can shake a stick at, as long as you put in the work to put some money back to begin with. Seems I can never ever not be setting some kind of goal. Just been doing it too long I guess. Don't "need" to fund accounts for my grandsons, but have decided that I am going to be that grandpa that we all wish we had, because I can. Still want MY 20k of income / 20k non income I can sell as soon as the wife gets on Medicare. Should be able to have them each 35k accounts within two years of that without selling anything on the income side. Looking ahead to handing this off to my son in law, used that last swoon to add more dividend growers. Now have CE paying 2.1%, but the rest, SNX FDX HRS and RMD all under 2%. All have nice dividend growth. Added to AAPL, they come up to 22% of the portfolio. That's how I do it. Now that the first two goals are easily within grasp, I add trying to get as many good dividend stocks in the portfolio as I can before handing it over. It's a curse! lol!