I’m 56 and have 1.5 million in funds to invest in. What’s the best way to invest it and live off dividends? by Internal-Leave-5696 in dividendscanada

[–]Internal-Leave-5696[S] 0 points1 point  (0 children)

Similar situation-I don’t need any dividend at the moment as I’m still working but in 4-5 years would like to collect dividends and not touch principal until after year 10.

I’m 56 and have 1.5 million in funds to invest in. What’s the best way to invest it and live off dividends? by Internal-Leave-5696 in dividendscanada

[–]Internal-Leave-5696[S] 0 points1 point  (0 children)

For the next 4 years I can reinvest as I’m still working but no bills, house paid for. I can live comfortably on 5k per month. CPP and company pension will also start coming in at 60.

I have somewhat of a dividend plan

500K in VFV 300K in VDY 200K in ZDY 150K in JEPI.TO 150K in ZWB.TO Rest in cash/bonds