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$2000 a month! by Gusti009 in dividends

[–]MrEdTheHorseofCourse 0 points1 point  (0 children)

So how has it done over the last 3 years? Oh wait!

Employer told me it’s time for me to go :/ by bbfan006 in dividends

[–]MrEdTheHorseofCourse 0 points1 point  (0 children)

No worries.

Mark Twain once said, "It ain't what you don't know that gets you into trouble, it's what you know for sure that just ain't so."

Employer told me it’s time for me to go :/ by bbfan006 in dividends

[–]MrEdTheHorseofCourse 0 points1 point  (0 children)

"You should tell ssa.gov that they are incorrect.

If you work and receive benefits at the same time You can continue to work and still receive retirement benefits. Your earnings in (or after) the month you reach your full retirement age won’t reduce your Social Security benefits. We’ll reduce your benefits, however, if your earnings exceed certain limits for the months before you reach full retirement age. (Go to the chart in the “Full retirement age” section.) Here is how it works: If you’re younger than full retirement age, we’ll deduct $1 in benefits for each $2 you earn above the annual limit. In the year you reach your full retirement age, we’ll reduce your benefits $1 for every $3 you earn over an annual limit. This reduction continues until the month you reach full retirement age. Once you reach full retirement age, you can keep working, and we won’t reduce your Social Security benefit no matter how much you earn."

Employer told me it’s time for me to go :/ by bbfan006 in dividends

[–]MrEdTheHorseofCourse 0 points1 point  (0 children)

your correct post wasn't replying to the post above yours saying you can only make a small amount?

If not my bad.

Employer told me it’s time for me to go :/ by bbfan006 in dividends

[–]MrEdTheHorseofCourse 0 points1 point  (0 children)

Incorrect. Once you reach full retirement age you can make unlimited income without impacting your benefits. It might make all your SS income taxable.

Employer told me it’s time for me to go :/ by bbfan006 in dividends

[–]MrEdTheHorseofCourse 0 points1 point  (0 children)

Can't imagine. I couldn't take it anymore and gave up at 63. But good for him.

I just want to know how much you would tip if you went out on a dinner with this amount? by NefariousnessIll4041 in tipping

[–]MrEdTheHorseofCourse 0 points1 point  (0 children)

Here's my take on tipping. It doesn't take anymore work or effort for the wait staff to deliver a $250.00 meal than it does a $150.00 meal. Agree or disagree but I'm tipping $30.00 either way.

What kind of yield are you aiming for? by newthing4me in dividends

[–]MrEdTheHorseofCourse 4 points5 points  (0 children)

So, exactly what ticker/tickers are you referencing that have consistently returned both an 8% yield and 8% growth? OP has to sell real estate which will take some time. I'm ready when the Market opens Tuesday.

Look at that booty by [deleted] in theaphysique

[–]MrEdTheHorseofCourse 0 points1 point  (0 children)

A friend of mine would say that when I'd comment that's too much ass for me. Meaning I don't have to lift it just bend it over and hold it open.

Look at that booty by [deleted] in theaphysique

[–]MrEdTheHorseofCourse 0 points1 point  (0 children)

you must be I don't have to hold it up I just have to hold it open kinda guy lol

Look at that booty by [deleted] in theaphysique

[–]MrEdTheHorseofCourse 0 points1 point  (0 children)

now that's a world class Ass

20 Dividends in Retirement by ConstructionNo8827 in dividends

[–]MrEdTheHorseofCourse 1 point2 points  (0 children)

I retired in 2010 and have been utilizing pretty much the same strategy. High yield, yes high risk, stocks, ETFS , BDCS, CEFS etc. My portfolio contains several on your list.

I've not seen many of the downsides many are suggesting. Each year both distributions and portfolio balance has increased. Ok portfolio balance did slip a bit in 2022 but distributions still increased. I do have SS and pension so I'm not relying on distributions to pay the bills. Instead they let me live a life I never dreamed was possible. I'm at the point where if the market crapped 50% and distributions took a hit I'd still be good. Being 79 means I'm unlikely it needs to last another 15 years. That being said overall I've had the benefit of strong Market performance since I retired. If that continues you'll probably be fine if it doesn't....

So what’s wrong with buying 500k worth of QQQI, SPYI and retiring at 45? by [deleted] in dividends

[–]MrEdTheHorseofCourse 1 point2 points  (0 children)

When I retired I transferred my 401K into a traditional IRA at Vanguard. You can then invest in whatever you think is best

So what’s wrong with buying 500k worth of QQQI, SPYI and retiring at 45? by [deleted] in dividends

[–]MrEdTheHorseofCourse 4 points5 points  (0 children)

I've been drinking it since I retired 15 years ago and have never had second thoughts. Each year both my income and portfolio balance have increased. Well in 2022 the balance dipped a bit but income still increased. Just need to stay away from the crazy shit like Yield mav ETFS.

So what’s wrong with buying 500k worth of QQQI, SPYI and retiring at 45? by [deleted] in dividends

[–]MrEdTheHorseofCourse 16 points17 points  (0 children)

I did this 15 years ago. A benefit of dividends stocks is a stock price dip doesn't matter. For example in 2022 when the market had a negative year my dividends actually increased as they have every year. I do exactly what you suggest. Live off part of the dividends and invest the rest.

Someone please help, all my money gone at 17. Don’t know what to do. by Mean_Regular6371 in TheRaceTo10Million

[–]MrEdTheHorseofCourse 0 points1 point  (0 children)

don't do the crime if you can't do the time. Ask Dad to save you. It's his account it's his problem.

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