Have been busy going from working to retirement - Page 3
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Thread: Have been busy going from working to retirement

  1. #21
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    Quote Originally Posted by My Own Advisor View Post
    Nice problem to have. Personally, I would put it into a dividend paying ETF and spend the dividends as they roll in. XEI or XIU. XIU is very tax efficient.

    $400k will churn out at least $1,000 per month cash for life. As you get older, spend it. You can't take it with you.
    Yup. 400K in XIU will generate about $1,000 per month. This is extremely efficient in a taxable account.

    For illustration, let's get even crazier and pretend you have 1M non-registered in XIU. With the combination of eligible dividends and capital gains this generates, you will pay virtually nil tax and get to keep all of the $30,000 in annual distributions.


  2. #22
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    Quote Originally Posted by james4beach View Post
    Yup. 400K in XIU will generate about $1,000 per month. This is extremely efficient in a taxable account.

    For illustration, let's get even crazier and pretend you have 1M non-registered in XIU. With the combination of eligible dividends and capital gains this generates, you will pay virtually nil tax and get to keep all of the $30,000 in annual distributions.
    great situation to have. my goal by 30 is to get to 1k dividends per month at 4-5% is around 240-250k.

  3. #23
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    Quote Originally Posted by james4beach View Post
    Yup. 400K in XIU will generate about $1,000 per month. This is extremely efficient in a taxable account.

    For illustration, let's get even crazier and pretend you have 1M non-registered in XIU. With the combination of eligible dividends and capital gains this generates, you will pay virtually nil tax and get to keep all of the $30,000 in annual distributions.
    $1 M in XIU...I can dream...$30k per year cash for life
    Hidden Content - Working on a $1 million portfolio and $30k per year from it.

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  5. #24
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    Great idea on the etf into taxable account

    I do not own any etf`s maybe a good way to buy and forget(hold)

  6. #25
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    I suggest using part of the $400K to buy a 1981 Z28 Camaro.

    Happy retirement, Z28. I'm happy for you.


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