Looking to hear from folks who have retired on dividends successfully.
It looks like the general recommendation is to use SCHD, VIG ETC however the amount of capital required to supplement the entire cost of living on these would be insane.
I am curious on risks for relying on assets such as SPYI, O, MAIN, CEF (Basically) assets that pay 6-14%. I have done my own research on this of course but I want to hear the perspective if folks who have done this and listen to experienced advice on the approach.