If You Have $480,000 Saved at 67 and Just Sold a Restaurant for $1.1 Million Cash, Here Is the Income Plan That Actually Holds
Key takeaways
- SmartAsset s free tool can match you with a financial advisor in minutes to help you answer that today.
- After 22 years, a couple sold their restaurant and suddenly found themselves staring at a very different balance sheet.
- Depending on the restaurant’s cost basis and how the sale is structured, federal and state capital gains taxes could easily consume $200,000 to $250,000.
If You Have $480,000 Saved at 67 and Just Sold a Restaurant for $1.1 Million Cash, Here Is the Income Plan That Actually Holds Drew Wood Fri, May 15, 2026 at 11:17 PM GMT+7 5 min read JNJ PG KO O MMM Quick Read Johnson & Johnson (JNJ) yields 2.4% with a $1.34 quarterly dividend and 26 consecutive annual increases, Procter & Gamble (PG) yields 2.9% after 70 straight annual hikes, and Coca-Cola (KO) yields 2.6%; these dividend-growth stocks combined with Social Security support roughly $113,000 to $121,000 annual gross income in a conservative portfolio strategy for a retired couple with $1.58 million in investable assets.
A dividend-growth portfolio doubling within a decade through 6-8% annual increases outpaces high-yield alternatives that freeze at current levels while inflation erodes them, making consistent dividend raisers more reliable for 25-year retirement horizons.
Are you ahead, or behind on retirement? SmartAsset s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don t waste another minute; learn more here.