Replacing a $70,000 salary with dividend income alone requires a specific portfolio size, and the required portfolio size is larger than most people expect. At a 3.39% yield from SCHD, the portfolio required to generate $70,000 per year before taxes runs into the millions, and the exact figure shifts depending on which fund you choose. ... Why a $70,000 Dividend Income Goal Requires Millions, and Which ETF Gets You There Fastest
Replacing a $70,000 salary with dividend income alone requires a specific portfolio size, and the required portfolio size is larger than most people expect. At a 3.39% yield from SCHD, the portfolio required to generate $70,000 per year before taxes ... [4811 chars]