[adam_arthur]

A company owning real estate, paying 8% dividends with a 65% payout ratio isn't going to have its dividends disappear overnight.

I can buy O (Realty Income) right now and lock in a ~6% yield. They didn't cut their dividend even during the GFC. And I think O is one of the poorer options of REITs to choose from right now.

What do you mean?

This entire thread is about retirement, where fixed income becomes important. If you're 75 do you want to wait 10 years for the market to recover to resume selling your principle?