ilmscore | Millionaire EXPLAINS: $40,000 Passive Income Roth IRA For Beginners

Millionaire EXPLAINS: $40,000 Passive Income Roth IRA For Beginners

Published: 2024-07-29
Status: Analyzed

Predictions from this Video

Total: 2
Correct: 2
Incorrect: 0
Pending: 0
Prediction
Topic
Status
A $1 million S&P 500 portfolio (assuming a 1.3% dividend yield) is predicted to generate approximately $13,000 per year in dividends.
"once you have a $1 million account 1.3% of that is going to be around $13,000 per year worth of dividends"
SPY
Correct
A $1 million S&P 500 portfolio (assuming $500/share) using the 4% rule (selling 80 shares per year) is predicted to generate $40,000 of annual income.
"This means that mathematically you can sell around 80 shares per year which is going to amount for $40,000 of income"
SPY
Correct