Hey guys. Trying to create a dividend plan for my 61 yrold mom who has never invested. The plan is to go all in on SCHD in a Roth and max out the $8k catch up each year for 10 years while allowing the drip for 10 years.
Here’s what DRIPCALC loads automatically:
Dividend growth rate: 11.95%
Share price growth: 8.02%
My conservative plug ins:
Dividend growth: 7%
Share price growth: 5%
I included a pic with the conservative plug in’s. Hopefully that’s worse case scenario.
One question: if I plug in 0% for the share price growth, the dividend amounts actually increase. Any ideas why?
Overall, hoping for feedback on this. My hope is that if she can get her house paid off, then have this dividend income + social security income, she’ll have enough monthly income to support a modest yet comfortable lifestyle minus any health concern costs, ect.
Thanks for your feedback guys