Fidelity paid out their end of year distributions on 12/19 this year. We received just over 5k in the December payouts, bringing us to a total of just over 9k of payouts for the year (vs just over 5k last year). Unfortunately, all but $60 of that is in tax-advantaged accounts and not available to us yet. It’s nice to know what our yearly “income” is from our investments though.
Once those payments cover our basic living expenses, we can definitely retire and never need to withdraw our principal. Of course 9k, covers one month of expenses at the moment, but we’ll be adding more money into the account over the next ten years, and will hopefully pump that up. In our ideal situation, the dividends/capital gains from our mutual funds completely cover our expenses, but I’m prepared to withdraw principal at a 3% rate as well.
Maybe next year we’ll get almost 20k! I’ll be happy at 15k, but at the new rate we’re putting in money, we should see a significant increase this year.
Have a Happy and Safe Holiday Season!