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

To: Steve Felix who wrote (32886)	7/6/2020 7:19:26 AM
From: sm1th	Read Replies (1) \| Respond to of 34328

My goal was to have 20k of income coming in each year so I could give it away without having to sell anything. Have years before thinking about RMDs. I try to look at all sides and make my decisions. There is an elephant in the room, which I have not seen discussed here SS. The current path is not sustainable, but all politicians just keep kicking the can down the road. I have made 2 models, one with SS under current assumptions, the other on zero SS. I suspect the truth will be somewhere in between. We are 66 & 68. I still do part-time consulting, about 35-40%. My wife has been part-time teaching at a local college since retirement from full time teaching. It is very unlikely she will go back in the fall. These have provided enough income to keep growing our portfolio. Like Steve, we hope to pass all of the principle to the next generation. If SS continues, our assets will increase steadily under almost any scenario. With no SS, we will need to dip a little into principle when we retire completely, perhaps 1/2% of capital/year.