Thanks to Dear Old Dad, I have a portfolio of blue chips which pay enough in the way of dividends that I think I will have enough to live off so that I won't have to dip into the principal. So, is there anything wrong with this plan? I did see my Westinghouse (now CBS) stock cut it's dividend in half a few years back. Is this a rare occurence? (I hope so) Or should I be thinking about hedging my bets with a few Tbills? I'm plowing my way through TMFPixy's compilation so if the answer's in there somewhere, just say so.
Thanks,
Morla