Originally Posted by
bmneveu
Has anyone ever thought about building up an account invested in dividend paying stocks and then living jobless ("retired") off the payouts? The account would need to be pretty big, but could snowball up to it if you reinvest the dividends until it gets there. If you think the account will average 3.5% payouts, that would give you $35K a year on a $1M account. Give 15% to the man and you're somewhere around $30K. I suppose you could live happily on that if your house and kid's college plans were paid off. Not much to travel/vacation on though. It all depends on expenses. If the wife likes shiny things that probably won't be enough. Double everything: $2M account would give you $60K a year. That money would go further in a cheaper area. I don't think it would work in Hawaii. This place is so damn expensive. Thankfully I make most of my purchases on base at government-subsidized commissaries and gas stations. Anyway, I guess I need to find $2M somewhere so I can retire early and live off the dividends.
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