12-07-2021, 07:44 AM
(12-07-2021, 07:29 AM)ken-do-nim Wrote:(12-07-2021, 05:53 AM)cemanuel Wrote: I am nearing retirement where I plan to live primarily off dividend income.
That's impressive. I think most people plan to live off a combination of dividends and sales of growth shares (prior to social security kicking in).
Looking at your list, I see you have GOOGL so no dividends there, and Apple & Microsoft barely pay any, so I assume you plan to trim them occasionally too?
That is precisely what I plan. I can get about 80% of what I need from my Taxable Account Dividends. I had initially thought I'd balance that out with IRA dividends - the rollover will be next spring. After running a bunch of tax scenarios I decided it would be better to augment the dividends - fill the gap - with periodic GOOGL and AAPL sales. The LT cap gains tax works better than IRA withdrawals.