Million Dollar

[EricL]

I agree with DW that you should be careful to avoid chasing yield. I would probably focus on high quality consumer staples, utilities, telcoms, and possibly a oil & gas company with dividend growth rates of 5%+. I would put it in a minimum of 20 stocks, and would guess you could build pretty easily build a portfolio yielding 3.5-4% with more than enough dividend growth to safely sell the necessary 1.5-2% per year needed to get your 6% total withdrawals.

I am assuming the $5k per month she is wanting is gross and not net after taxes?