Living off Investments requires you to leverage mutual funds, bonds, and equities to your advantage, helping you sustain your bank account or allow you to accomplish some non-bill-related goals you've set.
A dividend is the distribution of a company's earnings allocated to shareholders. Determined by the company's board of directors, these payouts can be withdrawn in cash or reinvested in additional stock.
While recommended for your first year of retirement, this rule states that you should be able to live off of 4% of your investments each month for that first year. Then you'd increase or decrease that percentage based on inflation and how the markets are fairing.