You Won’t Believe the Shocking Truth About Living Off SCHD

[@RhynoVirus-og1tz]

You totally skipped over SCHD having a tax advantage of being qualified dividends. You can collect about $90k in dividends before paying taxes, and it is a separate tax tree from your W-2 income. This means it won't "bump" you into a higher tax bracket and is a major benefit over other ETFs. Good video, but it is leaving out key facts.

[@ProsperityPulsePoint]

Thank you for your insights! You're absolutely right about the tax advantages of SCHD. It's crucial to consider those factors when evaluating investments. I'll make sure to include that in future videos!

[@chrismoore5755]

Plus, SCHD increases dividend each year, so that would help kro up with inflation eating away at your yearly income

[@rkm-mkr]

Hi, I'm new to investing and I was wondering if I should directly invest into SCHD or in Roth through something like Robinhood? I'm asking in regards to tax consequences.

[@diamond_s]

@@chrismoore5755 Indeed in about 5 to 6 year the dividend payment essentially doubles. So 37k becomes 72k in about half a decade and 144k about another half decade later

[@lostboi3974]

2000 shares at the moment 👀

[@ProsperityPulsePoint]

Wow, that's an impressive number! Thanks for being part of our community!

[@Ningbu.]

Key Takeaways. For 2024, your “qualified” dividends may be taxed at 0% if your taxable income falls below $47,025 (Single or Married Filing Separately), $63,000 (Head of Household), or $94,050 (Married Filing Jointly or Qualifying Surviving Spouse). Above those thresholds, the qualified dividend tax rate is 15%.

[@ProsperityPulsePoint]

Thanks for sharing the key takeaways! It's crucial to stay informed about tax brackets and make the most out of our qualified dividends.

[@Clunkledunk]

Hit 500 shares this week and throwing $125 into it every payday + $200 into VTI as my growth stock. I dont have the start-up to get to the point I can live off dividends exclusively for a long time, but I'm happy to just build out a position that I can use to pay some bills if need be (worst case scenario, otherwise that DRIP remains on)

[@ProsperityPulsePoint]

Looks like you're on a mission to turn your paycheck into a dividend-generating superhero! Keep stacking those shares and watch your financial fortress grow!

[@sussy-o3i]

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[@ngunam-b7l]

Wealth building and financial freedom are attainable with the right knowledge and tools. Using proper financial strategies and products is essential to growing and sustaining long-term wealth.. glad to know you want others to succeed

[@axisios]

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[@dashwilliams98]

Thank you for sharing your experience. I've managed to grow a nest egg of around 2.3Bitcoin to a decent 17.2Bitcoin using her tactics

[@christiandubrule3507]

Let's go SCHD

[@ProsperityPulsePoint]

Absolutely! SCHD is definitely a great choice for long-term investing. Let’s ride this wave together!

[@Luckyjw70]

Where’s the information about the dividends growth. It hasn’t always being paying 3.7% growth. From what I understand it has been increasing most years.

[@RhynoVirus-og1tz]

Another key fact left out of the video. The CAGR and dividend growth beats inflation. It's like giving yourself a raise every year if you are living off the dividends. The video makes it sound like inflation is going to eat away at your returns, which is false.

[@ProsperityPulsePoint]

Ah, the elusive dividend growth data! It's like trying to find a unicorn in a field of horses. I’ll make sure to saddle up and chase it down for you!

[@maximizemoney5694]

@@ProsperityPulsePointit’s super easy to find lol use simply safe dividends or any other reputable tool/website.

[@fuz4623]

At 10:10 - quility?

[@ProsperityPulsePoint]

????

[@fuz4623]

@ just looked like a typo to me.

[@blutao1648]

Why are you keep saying SEHD rather than SCHD?

[@ProsperityPulsePoint]

Haha, I guess I just got a little tongue-tied there! Thanks for keeping me on my toes!

[@Bryan-e2n]

Great! Get a part-time job....lol

[@ProsperityPulsePoint]

Haha, sometimes a part-time job can provide the funding we need for our creative ventures!

[@Bryan-e2n]

@ProsperityPulsePoint It's good to have a purpose. The presentation struck me thinking you work your whole life for a little freedom....there is no freedom with how the economy is going.