Nice summary Ken, but I'm 72 and still 100% DG stocks and re-investing the dividends. With 90% of our stocks we would keep them unless they went bankrupt (which is highly unlikely). I have a schedule when I'm going to begin drawing down a portion of the dividends. Would I ever consider switching to ETF's or Funds, Never! We've built our portfolio to provide us with a growing income and nothing will change. I've explained the investment strategy to my wife and have left specific instructions on where all the accounts are located, how to access funds, which ones to sell or draw down first, how the entries are recorded and who to contact for assistance.
Even if she does not want to monitor or continue being involved with the stocks, she can have all the dividends deposited to her account and they will continue to provide her with a growing income to cover all the expenses. We don't expect there will be a need to sell shares to obtain the income needed, worse, to start paying a fee to reap the benefits from our investments.
Even if she does not want to monitor or continue being involved with the stocks, she can have all the dividends deposited to her account and they will continue to provide her with a growing income to cover all the expenses. We don't expect there will be a need to sell shares to obtain the income needed, worse, to start paying a fee to reap the benefits from our investments.