I often see posts here where people shift their portfolios toward high-income ETFs, REITs, and other dividend-focused assets as they approach retirement.
1. What are the main advantages of making this shift instead of staying growth-oriented?
2. Why not keep most (or all) of your portfolio in something like VOO during retirement and simply sell shares periodically (monthly or annually) to fund living expenses?
I’m genuinely curious about the practical and psychological trade-offs between dividend income vs. a total-return approach in retirement, especially regarding volatility, sequence-of-returns risk, and peace of mind.