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EN
My Dad Wants To Live Off Dividends From Only $250,000
['David Beren', 'John Seetoo', 'Sep', 'Rich Duprey', 'David Moadel', 'Omor Ibne Ehsan', 'Chris Lange']
24/7 Wall St.
Key Points This Redditor’s father has approximately $250,000 in savings and wants to live off of dividend investments.
Given the low expenses the father has, the Redditor doesn’t need to get too creative with dividend investments for the dad.
(Sponsor)In the case of one Redditor, they are trying to understand if it’s possible for their father to live off dividends from the $250,000 they have in retirement savings.
Living Off a Finite Amount of MoneyAccording to this Redditor, their father has approximately $250,000 in retirement savings at 65 years of age.
Here’s the thing: if the dad only needs roughly $800-$1,000 per month to live, has Social Security coming, and a potential inheritance, the dad can absolutely live off dividends.
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