12-22-2021, 07:30 PM
(12-21-2021, 10:05 PM)Kerim Wrote: Ken -- sadly, no. My monthly expenses are REALLY high, thanks to divorce and having a daughter with severe medical issues, not to mention my taste for the finer things in life (lol!). So I don't think dividends will ever cover it all. So for now I am just living off savings (that never got invested) and all dividends get pooled and reinvested to keep the stream growing. With luck, eventually, dividends, pension, and social security (?) will cover most of my expenses once the alimony rolls off in another six years or so. But I'll almost certainly be eating into the principle (selling core shares) before it is all said and done.
That is, unless one of my crypto gambles or zany business ideas pans out. Then it's caviar and health care for everyone!
That's quite a pile of savings you must have (had). I know if I stopped working now, I'd be crushed by the expenses. I'd probably have to withdraw my 401k at a huge penalty to get by. When exactly my child support ends is a bit of a mystery. It could end in 3 years, or it could go on another 7. Best of luck with your daughter's medical issues.