u/Gingerholic803

My plan was to use the CC dividends to reinvest into SCHD stock while also adding 5000-7k yearly to SCHD. Any tax thing I need to watch out for? Plan on working another 20yrs at least (God willing), but I want to have a tax free dividend snowball at the end of my journey.

I also have about 250k in a regular work sponsored 401k that I contribute 13% into currently. I go up a percentage or two depending on my raises every year as well. I want the dividends to pay me and mamas bills autonomously when we get older. At least the basic ones, and maybe have them to turn over to our kids when we pass.

Let me know what yall think. Thanks in advance! 🙏