Balancing dividend income throughout the year

[cannew]

(04-25-2015, 09:22 AM)Kerim Wrote: I'm a long way from living off of the dividends, but I've always imagined that I would address this issue by using separate accounts. Have the dividends accumulate in their erratic / lumpy fashion in one account, and then transfer my living expenses from that account into another account once a month. The first account would fluctuate a lot, being flush in the end-of-quarter months and lean in the others, but properly planned, should allow a consistent monthly draw.

Just this year I've decided to start drawing down some of my dividend income. I did an "In Kind" transfer of some stocks to the Transfer Agent and they then direct deposit the dividends to my chequing account.