The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/i-am-wanting-to-collect-growing-dividends-to-use-30639442.aspx

Subject:  Re: New account - strategy for taxes? Date:  4/17/2013  10:39 AM
Author:  aj485 Number:  118460 of 123001

I am wanting to collect growing dividends to use as income for myself when needed, reinvest the collected income if I don't need it.
.
.
.
Those who are already investing to collect a monthly or quarterly income, how do you handle the dividends?


It really depends on what you think your potential income needs from the dividends is going to be.

I have an account that I am using to generate income for a specific payment, so I don't reinvest those dividends - they go straight to a checking account at the broker where I hold the investments, and the payment is made from that account.

If I was not sure that I was going to need the