How to Invest $1 Million to Live off Dividends Forever!
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- Опубликовано: 6 фев 2025
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Individual stocks are a no for me. I’m using 25% each of JEPI, JEPQ, VOO, QQQM. No selling of shares. Just buy more with leftovers.
Electric utility stocks are also very good for dividends
AGREED!
Don’t forget about the impact on filing your taxes. EPO is a partnership which issues K1s not 1099s. Also “O” is a REIT and their dividends are not straightforward either….
If you have a large amount of money in a stock portfolio you really need a CPA imo. It gets to be very complicated the more assets you add
Even though taxes are a little different with dividends, it will still dramatically affect your model. Additionally, energy or gas and mortgages are 2 pretty important categories that aren’t factored into inflation. I hope everyone keeps this in mind.
Great approach and general strategy but definitely not the holdings I'd pick! I'd want less concentration in individual companies and certainly wouldn't want to invest in many of those companies with questionable long term earnings and dividend growth potential.
I'd prefer something like:
54% SCHD
25% DGRW
7% BALI
7% QQQI
7% FEPI
Starting yield of 5.5%, organic dividend growth rate of over 9%, great diversification, great balance between high growth tech and value companies and a very low expense ratio for the portfolio.
As the years go on, and the portfolio income outgrows your needs, you could add an allocation to a pure growth ETF like QGRW, SCHG or QQQM and slowly convert the increasingly unnecessary high yield funds into the high growth fund alongside SCHD and DGRW. At the same time, or instead of the growth fund, you could also convert some of the SCHD position into lower-yielding DGRW to further improve tax efficiency and diversification.👍🏼
All those REITs benifited by a decade of extremely low interest rates. Don't expect the same profit growth moving forward.
I would skip jnj because of all the lawsuits and billions of dollars in settlements. So I don’t think they will be able to keep the dividends where they are. Mo is also suspect because of less smoking and lawsuits. Edp is the one I don’t know that much about so I would have to do some homework on that one. Otherwise it’s a solid plan. Living on 50k nowadays is hard. I would say you need 2 million or you are going to need some growth investments built in.
Millionär werden einfach!
Investieren Sie steuergünstig in brasilianische Tiefpreis- Rohstoff-Grundstücke!
Ab 1000 Hektar = 10'000'000m2 für
Eur 29'900 erhältlich!
Wo suchen? Im Internet!
500k split into some high yield ETF like JEPQ, SVOL, and throw in MO, can easily achieve 50k a year, then put about 200k into some high growth ETF like voo, schd, vgt and or dgro. let it rise and in 30 years it will reward much more than what your 1mil portfolio.
You can retire at 50 with a million dollars. My uncle was proof. He passed away at 78 and still had 10k left in his bank account. Mortgage was already paid, no car payments, took 3 budget vacations per year, only paid the necessity expenses, minimalist for most part. Shopped everything for sales when it occurred.
10k left in his bank account. That's really cutting it fine. Leaving not much for the kids.
@@farzana6676 they’re grown and very well off. A physician and the other one dentist. They don’t need his money.
@@farzana6676 I give him credit.....he definitely budgeted to perfection for himself......😂😂
@@farzana6676the kids didn’t do shit to earn it. I’m NOT here to make them rich. They can make their own money
@@farzana6676exactly what I was thinking but for different reasons, he had less than 1 year of living expenses
If you made a 5 stock portfolio of JEPI, JEPQ, SCHD, VYM and VOO, split 20% each you would get about 5% total yield with likely much higher capital appreciation. The dividend growth might be lower though, not sure, but you will eliminate the single stock risk.
With 14% inflation in the US you would be hosed.
I think those are non qualified dividends so much higher tax rate. That needs to be accounted for as well
Millionär werden einfach!
Investieren Sie steuergünstig in brasilianische Tiefpreis- Rohstoff-Grundstücke!
Ab 1000 Hektar = 10'000'000m2 für
Eur 29'900 erhältlich!
Wo suchen? Im Internet!
@@fjbbiden9352 ETFs contain a collection of stocks oh great one
@@fjbbiden9352 ETFs contain a collection of stocks....stop being a piece of trash troll
It’s not the amount you have invested. It’s can you live off of the income comfortably. It’s are you debt free. It’s are you also receiving social security and if so, how much. It’s how is your health and are you getting Medicare, or paying for private insurance. Its do you have any current or future dependents or responsibilities that could suddenly drain the income or principal or both. It’s where do you want to live. It’s do you own or rent. It’s what do you want to do and/or accomplish. It’s many many things that go in to answering the question. At the end of the day there’s only one real question that needs answering. Is more coming in than going out every month, and do you have confidence that that will remain the case? That’s it!
Need about 2M portfolio personally. That way I could take some of the dividends as income instead of reinvesting and the portfolio will continue to grow regardless
100% spot on
It really depends on your budgeting, lifestyle, and spending habits.
Sounds like it would have been better if you lived in The US when there were Defined Pension Plans, or live in a real First World Country that has a strong retirement system.
Millionär werden einfach!
Investieren Sie steuergünstig in brasilianische Tiefpreis- Rohstoff-Grundstücke!
Ab 1000 Hektar = 10'000'000m2 für
Eur 29'900 erhältlich!
Wo suchen? Im Internet!
@@Wasteoftime10your name is exactly how I feel about most Western countries and their cost of living. All the US is good for is laundering and multiplying whatever money you have. QOL is much better in literally any other part of the world. Gulf countries are extremely attractive with amazing healthcare and free top notch education for citizens (hint hint, kids born there would automatically be citizens). Don't even get me started on either, North African, central Asian, or even Eastern Asian countries for a better COL and stress free living standards if you can hoard your money from the cesspit that is the States
In the 80's savings rates were over 10% in my country. I remember thinking all I need is 1 million and I'd be set for life because of the saving interest rates. How things change!!
10%? Savings? Damn
You still can live off 1 million. Just relocate to another country where cost of living is lower and follow the 4% rule.
Yes, but mortagees were 15% or more, and car loans often 20% or more back then. I remember gettign a great deal on my first car loan at "only" 18%.
Really nice video! Love your spreadsheets 😍 Thanks for doing this
I'd live off dividends with 600k, I'd go to south east Asia and enjoy $2k a month forever. And with 1 million in Europe you can live easily
Looking at Vietnam now
Depends on the european country you want to live in!
We do have to pay a lot of tax most places. For Myself it's 17% in tax for the first $7000 and every dividend payout above that gets taxed at 37%
If you had to pay 37% in tax, this videos would be a whole different story.
@@t0bakken1337 1 million giving you 4% in dividends are 40k a year, In Spain for 40k you'd pay 18%, so about $2735 a month after taxes, more than enough to live comfortably.
@@t0bakken1337
You don't have to pay those rates less you become a citizen in those countries. Others you can avoid local taxation by being a part-time citizen (find three or four countries to rate between over the seasons).
Most places, less you become a citizen or pick a country without a tax treaty, you pay income taxes with the country that you are a citizen of. BUT if you earn income in the country that you are staying (start a business there, get a job, etc) those earnings will be at the local rates.
Don’t forget about hat, extra money to cover your visa cost as well as healthcare
How can I get a copy of the spreadseet in this video?
you can get it on Tickerdata.com!
Taxes?
Is that future income essentially inflation adjusted, because the dividend growth rate outpaced inflation?
How do you find the stocks to invest in? I understand the metrics that you say indicate the stock is good for dividend investing, but with 1000s of stocks how to you narrow it down to a short list to do further research??
An SP index fund
Unless we switch to ETFs as we move up in age, this is a bit too risky of a portfolio simply because of the exposure to specific companies. I get some of these can be considered "too big to fail" but it might just be my personal touch.
Great content though.
I agree. I would not put my money into only 10 different companies. Sears failed, GE failed, etc.
This is my favorite finance channel on the web. Thank you do the great advice! I currently have some money trapped in F and MMM 🤦🏻♂️ should I sell for a small loss or wait to break even?
Hold or buy more shares...unless you think these companies will go bankrupt. MMM can handle the lawsuits😊
@@JS-gt5bh I don’t think they will anytime soon haha, thank you for the advice!
What about capital gains taxes?
In the US I believe you are cover up to about 50,000. Probably why he is not accounting for taxes. Also, the assumption is all your income will be dividens if you have other income I think you are treated according to your tax bracket.
what about taxes? Qualified dividends would be about 15% if i am not mistaken?
Plus state taxes in most states!
For qualified dividends you aren't paying taxes for the first $44,000, or $89,000 if married. So taxes are minimal or non-existent in this scenario.
@@GaltsGmove to vegas
Great review and model to project dividends..... What platform are you looking at stocks in between the spreadsheet updates what platform is that you are using to review the stock data?
I used seeking alpha and TickerData in this video. Link in description to both!
I'd love to see this video remade with everything but individual stocks.
As for individual holdings I would have found a way to add PEP. There are few industries that are "recession proof" beverage and beverage packaging I believe to be one of them. Especially when you make sooooo many different flavors under 1 roof. There's a reason you can last so long. Pepsi (60) and coke (132). They will most likely forever be in my portfolio.
Just curious about diversification risk. Should some of your assets be invested in fixed income as an anchor against dividend equities? Do you also ensure proper diversification within industry? It looks like your investments are primarily for income. Is total return part of your equation, or is it primarily income?
Your choices were efficient. I would've liked it if you did an average for compounding and when the portfolio would've doubled. Otherwise good job!
Split $1M between SPYI, QQQI, and SVOL. That should pay $120k. Each year re-invest 49% of the income split between the sane big tree. That the rest and buy HESM, SCHD, VICI, and whatever flairs your boss.
The portfolio is full of diversified ETF and the excess dividends free your income
I think I'm gonna do this, so SVOL will also give protection against spy and q cause it'll go up if market tanks?
@@JonHassellProphecy No. SVOL will go down if the VIX index goes up. In a crash or quick correction SVOL will not be good. In 2018 there were many of these volatility ETFs that went out of business because of a sudden drop. SVOL has a little more resilience because of hedging, but it is still high risk. SVOL is good during small volatility times, but could tank if there is a bigger correction.
@@DeepSpaceus I see, that's why imma wait, most of these will probably go way down, but eventually that vix is gonna scream, will accumulate these then
I would've had some ARCC and OBDC in there, great video tho and I like most of your picks
💯 agree.. arcc and blue owl need to be added
Super Job. It actually helps that it clarifies the strategy. It’s pretty cool to see.
WHERE CAN I GET THE MILLION TO START?
Political office.
Follow Nancy Pelosi
Order it from Amazon
Whay about the actual positions? Wont they also appreciate over time if the share price increases? Where it would be far over $1m?
What do you think about putting it in a Charitable Remainder Uni Trust?
Nice presentation. At what site are you using to see the funds/dividend
Seeking alpha! Link in description.
My cost of living (food, petrol,insurance, HOA, services) sure increases faster than 2.5%--hard to believe the official numbers
it's higher right now, but around 2% -3% is the historic average
please talk about taxes here... how much will go in taxes? 15%?
It’s impossible for him to know. Everyone can have a different tax situation based on your nationality, where you live….
I love most of your videos but this one I'm going to have to disagree with. I would not put $1 million in only 10 companies, let alone the 10 you mentioned above. I would rather put the money into an S&P 500 index fund. I would only put a smaller amount of money into a portfolio of only 10 companies.
I would rather put it in an index fund as well, but the focus is for someone looking to live off dividends right now. Not to maximize long term gains.
@@Dividendology Understood. But if I had $1 mil in cash, I would not put it anywhere all at once to live off dividends right away because that would put the principal at risk. I would rather not risk the principal and therefore invest it over time into an index fund which doesn't risk the principal. But I guess you were just doing a hypothetical. That's fine.
Sorry I disagree with your calculations because as a person or couple age they actually spend less, usually over 70
Personally to live off $1m I would do a 3 fund investment strategy with 3 selected individual shares - works fine and generates more than you need with both diva and geowth!
i personally think this port. has some unnecessary risk. there are income funds out there that are made for something like this.
my dream 1mill port would hold, JEPI, JEPQ, SPYI, ARCC, WMT, CVX, NEE, VZ and likely O but even O has some probs coming down the pipeline.... i would likely hold AMZN and sell covered calls weekly against it for added income as well, running the wheel on AMZN is easy money
To be frank, your choices are riskier. Some of them go against the whole idea of living off dividends. Some of his smaller picks are questionable, but his foundation is pretty strong.
Why not something like JEPQ, SPYI, CGDV, DGRW, and O?
When do you allow for taxes?
never, in none of his videos, which is fine once you properly adjust your expectation for a gross income
How to get this spreadsheet so we can tweak assumptions etc.? Many thanks
Tickerdata.com !
Great video, but do those dividend yields take into account taxes applied the moment those dividends are paid?
Of course not. Everyone has a different tax rate.
This is awesome. Really appreciate your efforts putting this information together! 👊
Can you please share what website or software you are using to look at the dividend growth etc?
I use seeking alpha and TickerData.com. Link in description to both!
I just created a 1 Million dollar dividend portfolio spreading 100k amongst these 10 stocks and was able to achieve $108,874.00 for yearly dividends. Simply adding in SOME ENERGY STOCKS: PBR.A, IEP, EC, ENB, BP, CVX, MO, O, SCHD, & JNJ. IF YOU REMOVE 3 OF THE 10, LOWEST and put their 100k into the top 3 divi's you get: 200k in PBR.A = $36,552.58
200k in IEP = $48,929.68 and 200k into EcoPetrol EC $57,539.12 thats 600k portfolio reaping $142,841.38/yr not bad if you can take on that risk.
I'm in contract to sell one of my homes and I will be walking away with around $1.175 million, so I have been trying to figure out what to do with the windfall and whether I should seriously consider retiring sooner rather than later (I have 7 figures in retirement/investments as well). I'm looking at all of the options - ETFs, annuities, dividend stocks, individual stocks, real estate, etc. as well as the tax implications. So much to consider!
don't u have to pay taxes on the dividends when you withdraw that money?
Depends. Check out this video I made: How to Pay $0 in Taxes on Dividends!
ruclips.net/video/iihCxg2Tcro/видео.html
you do not factor in social security benefits added in to your monthly income but I see your point with your video. Also is SSA something you can depend on being there or not being cut one day?
SS will be cut 25% in 2033 if Congress does nothing
Might not be elegance for social security. Who knows?
I would pick PEP over KO very similar starting yield but higher growth rate
What I like about this plan is the ability to invest that extra $2,243 in year 1. That would provide extra cushion in the form of extra income in the future. In fact, invest the extra in a high dividend growth company like AAPL or MSFT since the starting yield doesn't matter. That would give more security and sustainability.
I love this kind of content, the exercise of walking through how is educational, however in this particular video taxes aren't covered enough. Assuming no job, 50k a year will be taxed. With some of the tickers shown here, like O and Vici, tax will be ordinary income and not qualified dividends. MAIN is usually split 1/3 qualified 2/3 not qualified. With taxes included, I don't think 50k a year is actually achievable. There are also other factors like , if you own a property, property appreciation = higher property tax over time as well.
It was a great video overall though, the thought process behind having dividend growth keeping up with inflation is something many people overlook
Same response I gave to a few other people. Taxes can depend on a lot of variables, but married couples in the US can earn up to $116,950 in dividends every year and potentially pay zero in taxes. Depends on a few factors, but dividends can be extremely tax efficient during retirement.
@Dividendology what about single?
Thank you for sharing your knowledge! @@Dividendology
How are dividends taxed?
This video explains: How to Pay $0 in Taxes on Dividends!
ruclips.net/video/iihCxg2Tcro/видео.html
Do you have a pdf on how you set up the excel PDF?
After paying the bills, rent or mortgage. How many people actually have a million dollars that they are able to invest? Interesting but not realistic for your average person.
Wish you’d have discussed why you picked some of these. My guess was to cover industries not covered by SCHD?
The Median Total Retirement Savings in the US at the age of retirement is $16,000 per household. Have any info on how to live forever on that?
That would be collecting social security and being a Walmart Greater until death. I pray this is not where you currently are.
@@GG-ub4ej 50% of americans have LESS than $16,000 at retirement age. Isnt it about time for americans to realize that the US is a Third World Country with a Gucci Bag?
Great video... Very interesting.... I have them all except TROW... Appreciate your hard work and efforts in all your videos.....
I have TROW, what I like is they have no debt and they have 2.2+ billion in cash with no debt. Very conservative management team. Long TROW
Is there a template of the spreadsheet used in this video available for download?
All my spreadsheets can be downloaded on Tickerdata.com !
What do you think of the Oxford Club Perpetual Income Portfolio?
You did not mention Taxes
Don’t ignore the taxes, so consider before tax dividends
THIS! Better to use the 4% rule on growth ETFs limiting your withdrawals to under $40k so you pay 0 taxes. Otherwise you could just use a Roth IRA and don’t take withdrawals until after 55.5yrs old. Also O sucks! Malls died a decade ago, plus individual stocks are too risky (might as well buy crypto).
why no JEPI?
I would diversify even more with 1m....at least 2x as many securities with smaller allocations to any individual stock. The nice thing about individual stocks is the qualified dividend. There are many other good companies like PG, CINF, JPM and others that would be good to have a small allocation. I wouldn't touch TROW if it's struggling. Not a big fan of EPD.
Can you elaborate on the impact of federal taxes to this example in a future video.
Yes!
Might it be a good idea to tell people about the tax differences from distributions on L.P. companies if you are going to suggest buying one for that distribution that you call a dividend? Seems like important information that could have a huge impact on someone if they don't know what they are getting into.
I don’t plan to live forever, but if you mean I can bequeath the portfolio to my children, then I suppose starting with 1 million and growing with each successive generations.
EPD has K1’s? Which I avoid. I have ENB. Also, while I have JNJ, it’s got litigation risk still. I also keep my REITs in a Roth. Lastly, the port should have more than 10 positions. Oh, and I think long term inflation is around 3.1%. But the video’s premise was good, and I’d like to score a copy of your spreadsheet. I’d have a pension with a built in COLA that loses to inflation, but could model it as if it were a stock and the COLA as the divvie growth rate, I think.
Is there a benefit to keeping REiTs in a ROTH?
So... If I want to live off of 400K + inflation off dividends... I need > 8M. TY.
If you were growing your nest egg, would you focus on 5 year Dividend growth?
cant access to your spreadsheets. can you show me how?
They are on tickerdata.com! Email help@tickerdata.com if you need help :)
How about taxes?
This video explains taxes: How to Pay $0 in Taxes on Dividends!
ruclips.net/video/iihCxg2Tcro/видео.html
It is important to mention that some dividends may be "qualified" while others may not. Qualified dividends fall into a much lower tax bracket, depending on income, than non-qualified (which are taxed at normal income tax rates). Good video though
I am absolutely doing this myself tonight. I do think you're a little heavy on REITs being a third of your portfolio and I personally would not go so heavy on individual stocks, maybe 50% individual and 50% funds
Can you do this with socially or environmentally responsible/B-Corp companies????
Good podcast: I recently becan (mandatory) withdrawals from my 401K. Through frugality and good planning I find I can actually save a good part of my distribution. How can I invest this money so as to avoid double taxation? Municipal bond funds are exempt from taxation, but yield very little..any suggestions
Qualified dividends are tax free up to $92,000.
New drinking game... Take a drink every time he says the word dividend.
When will you open up Premium tier on your patron again? Would like to join.
I've moved all my sheets and membership over to Tickerdata.com! You can join the premium tier there and get all of my sheets there for a cheaper price!
You also do NOT want to own JEPI or any ETF that uses ELN to pay dividends. A portion of the dividend is taxed as ordinary income not qualified dividend
Altria and other tobacco companies are in decline
You don't intend to pay any taxes on those dividends?
Under the right circumstances in the US, you won’t have too. I’ll make a video on it soon.
Fantastic video. Lot's of very important information but it teaches folks HOW to do it so that it is a realistic goal.
What about the taxes you have to pay the Feds and your state (if your state has an income tax)? That cuts into a good chunk of that $52243 so this analysis is not realistic.
Lovely video. Now I have to figure out how to get my hands on that million dollar pot 😀. Nice video, by the way.
I love the idea of this, but with money market accounts paying 5%, it’s hard to think about anything with risk. I know it won’t last forever though.
Good thought. I address this exact thought and why dividend growth outperforms long term in this video: ruclips.net/video/GQHe7LejhEg/видео.html
Good videos! Informative! Thank you but? There are many ways to skin a cat yes? $1 million invested a few Vanguard funds can give you a 10 per cent growth which is $100,000 per year. Of course, some years it will be negative. Either way you are dealing with stocks. A fixed annuity is probably more stable is it not? This is a good video do not get me wrong but if I was going to do this I would look at companies with yields at least from 5 to 10 per cent. MAIN for example? Of course, is your $1 million in a ROTH account? Taxes? Cheers😊
You do NOT want to own any MLP like EPD in a tax advantaged account like an IRA or Roth
The IRS taxes dividends from MLP as ordinary income regardless of Negar kind of account it is in. So having an MLP in a retirement account negates the tax benefit
What impact will a big market crash have on this dividend income plan ?
good video, but why use such a ridiculous inflation number? That’s off by at least 5%.
When I clicked on your video, I was fully expecting to tell you how "foolish" your plan was. Using things like Yieldmax products. But in actuality, I like your plans here. Some of the stocks I might change, but none are fully unexplainable. Do you have any input on a couple of things. These are a couple ETFs, and a category. That being , preferred stocks, and ETFs like HIGH and QQQY. I think you did convince me to take maybe a small position in VICI and 0. As REITs in the rising interest rate environment had lost a lot of value in price, now that interest rates are more likely going to go down some, and there is a shortage of RE, and VICI is so unique, they are to me something to look at. So good job, and you pleasantly surprised me.
Thank you!!
It looks interesting and useful. I learned what I have to consider when I get retired in the future 😁
What about the Principal bro?
Good video however 8/10 pics are down on a 3 year chart .
This is only assuming that that stock price is stable
Thank you so much for this video. Been looking for something like this. Right now I'm investing 50% of my money into pure growth stocks and the other 50% into dividend growth stocks. Trying to get as much capital as possible. Then use that capital to put into a dividend portfolio like you just outlined so I can retire early. So thank you.
That's awesome! You're welcome and good luck!
Hopefully can get enough capital to do this then haha.
What is the website he is using for research?
Seeking alpha! Link in description!
@@Dividendology thanks!!
Warren Buffet has loved dividend paying companies because he did not take the dividend he reinvested that dividend to get more shares so the payout next time just increases...but this is a slow long long term strategy. Very good! Remember? More risk more reward😊 which means over time growth stocks or even growth mutual funds will be better....I like anything that has to do with technology...the richest men in the world today? Generally tech or tech related....who does not have a cell phone? I like a fund VGT for the long haul. 😊
Anything you would recommend as substitute for MO ? Having had a couple of family members die of cancer, I just can't buy MO......I realize it may be hypocritical as there are other "sin" stocks and I enjoy a glass of wine.....
MO is a drug dealer. Nothing wrong with shunning them. Everyone knows someone demolished by cancer.
Need another column to show taxes on those dividends.
It’s possible to make this income with little to no tax liability. This video explains: How to Pay $0 in Taxes on Dividends!
ruclips.net/video/iihCxg2Tcro/видео.html
Very insightful video. Thanks for all your research and details.
Average Inflation of 2.5% is a poor choice. The real cost-of-living increases are much higher
Where do you live. USA or europe? Do you think its more like 4%?
The 2,5% is actually pretty accurate for me...then again I live in switzerland and realize I live in one of the most stable economies in the world...
Im asking because I dont see myself staying here once my portfolio reaches a certain point.
Agreed. Depending on your risk tolerance, you may want to use 3% or even as much as 4%. This can flexible from year to year.
@@ratchetjoker1317 Switzerland has very low inflation in comparison to the rest of the world, the official inflation is lower than what people actually face
Recency bias
This is just portfolio not counting your ssn or pensions if you're lucky
Why not put it in a high interest account? At 5.3% that would be $53,000 a year. No risk
no growth of the payments so inflation will overtake you
@@Dividendology not to mention I've already seen small dips in interest rates for online savings accounts.
That’s crazy. I actually have positions in all of these companies and if I boosted my allocation, I’d have sped things up so much.