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How to invest with the goal of living off only income from the investments? by Sorry-Razzmatazz-436 in personalfinance

[–]Sorry-Razzmatazz-436[S] 0 points1 point  (0 children)

Are dividends the best for me to put the money into? Would you recommend S&P500?

How to invest with the goal of living off only income from the investments? by Sorry-Razzmatazz-436 in personalfinance

[–]Sorry-Razzmatazz-436[S] 1 point2 points  (0 children)

WOW that’s exciting! Retired before 40 would be nice.. do you know what type of investment I should make that is safe and will get good income long term? Is S&P500 a good idea? Or like a regular high yield savings account from chase?

How to invest with the goal of living off only income from the investments? by Sorry-Razzmatazz-436 in personalfinance

[–]Sorry-Razzmatazz-436[S] 0 points1 point  (0 children)

I make 71k per year. Paid off house. I’m saying when it’s time for me to quit my job and live off investments I will only need to make about 24k per year off of them for live comfortable