u/Glum-Year-7577

Finally making some decent income from dividends...
▲ 125 r/dividends

Finally making some decent income from dividends...

Finally started switching over to income producers instead of pure growth. Took me around 20 years (age 22 to 42) to grow our portfolio to around ~3.75M. This year been slowly transitioning our portfolio to start creating some income/cashflow. Our main holding is still SPYM with over 85%. But getting into the XSPI, SPYI, and XLEI. Why XLEI, because this is my space of expertise and build my entire career around upstream E&P. Unfortunately we still are tied to 401K/IRA systems for another 9 years till we start taking our 72T with an estimated total around ~8M. Goal of 300K of dividends of around 40% of our portfolio as dividend producers and 60% in SP500.

So keep grinding. The first 100K of investments took us forever, the first million around 13 years. No easy paths for us, just saving around 30%-40% of our income while having 4 kids under 4 at one point. We were mostly just lucky to get great 401K matches.

u/Glum-Year-7577 — 1 day ago
▲ 0 r/tax

Do any of you pay quarterly estimated taxes on your dividends?

Have started making around 80k a year in dividends and had me thinking should I be paying quarterlies? Wife and I have a W2 job but we always owe and mark 0 dependents (we have 4) and a few years ago I got a penalty for not paying enough in. We’ll be well over any limits for paying little taxes. Probably be in the 24%-28% range.

A lot of the dividends will be a ROC. And before people start asking got 400k in a NEOS funds SPYI, XSPI, and XQQI and the bulk other 90% in other indexed investments.

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u/Glum-Year-7577 — 11 days ago

New SpeedQueen TC5/DC5

Picked up a brand new set of SpeedQueens. These are the TC5/DC5. We have 4 kids so we do a lot of laundry, 15-20 loads a week. We don’t pay for water (well) or sewer (septic) so those factors don’t matter to us.

Pros - should last a long time, washes the heck out of the clothes. Most cycles are around 30 wash and 45 min dry.

Cons - pretty loud compared to a front loader, uses lots of water 25 gal per load, smaller wash than the big front loaders.

Where I’ve really noticed the biggest difference is clothes feel noticeably softer, arm pit deodorant all but gone off shirts, kids stains wash out way easier.

Like them so much ordered another set for the lake house! But they are the TR5/DC5 setup.

u/Glum-Year-7577 — 13 days ago