This is my whole portfolio, hoping the 7 REITs that I’ve will present me with at $75,000 a 12 months in dividends 10 years from now. I am active-duty navy and can retire in 10 years with a pension of round $33,000 a 12 months. With my dividend earnings from my REITs and pension, I wish to have round $100,000 a 12 months in passive-income. I’ll almost certainly be working a authorities or contractor place as soon as I retire, I gained’t be dwelling off the passive-income I make in 10 years. Any solutions for future progress? I’ll be 38 years outdated once I retire and nonetheless have one other time for an additional profession throughout the authorities to tug in one other pension or slide right into a contractor place for extra pay however no pension.
Proper now, my 7 REITs present me with about $18,000 a 12 months in dividends that get reinvested again into the identical REIT it got here from.