Fireworks can frighten animals and send them scattering, but Jackie and Shadow’s eaglets apparently are made of sterner stuff.

Chicks Luna and Sandy were seen safe and sound Sunday morning around 6 a.m. on the popular livestream nest cam aimed at their Big Bear pine tree, snacking on fish in the family aerie.

Mom and Dad did fly off when the nearby Fourth of July holiday show promoted by tourism organization Visit Big Bear began on Saturday night, Big Bear Valley media and website manager Jennifer Voisard told the Orange County Register on Sunday morning.

But both bald eagles flew back to their nest Sunday morning to care for their eaglets, who had remained around the nest during the show.

The fireworks show has faced controversy regarding the famous avians, spawning a Change.org petition to move the festivities farther away or switch to an environmentally friendlier drone show.

More than 45,000 people signed the petition. But the show went on for the sake of the local economy.

There was particular anxiety this year among environmental advocates as the eaglets were on the cusp of flying as the event was planned. The pair took their first flights just days beforehand. They had been spotted in nearby trees but didn’t immediately return to the nest.

The nonprofit that operates the webcam, Friends of Big Bear Valley, wrote a letter to officials warning that, “whether they are still in the nest or newly fledged, they will depend on Jackie and Shadow to care for them.”

“If, as in the past, Jackie and Shadow were to flee the habitat area for a few days, this could put the eaglets in danger at this important time of their lives.”

To the relief of their fans, the parents did return.

The fireworks event is an important economic driver in a year when Big Bear saw less snow than usual during its peak winter months, the travel organization said.

“The fireworks show is a long-standing community tradition and an important economic driver for Big Bear’s local businesses, workers, restaurants, lodging properties, recreation providers, and families. That context is especially important this year after another low-to-no snow winter, which directly impacted many of our neighbors, employees, and small businesses,” Visit Big Bear said in a statement.

It said the show happens about two miles away from Jackie and Shadow’s nest and lasted only about 30 minutes.

The eagles — and occasionally their chicks — could be seen on Friends of Big Bear Valley’s livestream heading into Sunday evening.

California’s median household income landed at $100,600 in 2024, according to Census data compiled by the St. Louis Fed. That is the number a portfolio has to replace to hand a Golden State family the same paycheck without anyone clocking in. The wrinkle: California’s 2024 regional price parity was 110.7, meaning prices were about 10.7% above the national average. Replacing that income with dividends carries a built-in purchasing-power headwind.

The core equation: income target divided by yield equals the capital required before taxes. What changes across yield tiers is the risk, growth trajectory, tax treatment, and whether the check keeps up with California living costs over the next decade.

The Sleep-At-Night Tier: 3.5% to 4%

At a 3.5% blended yield, replacing $100,600 requires roughly $2,874,000 in invested capital. This is the dividend growth lane. PepsiCo (NASDAQ:PEP | PEP Price Prediction) yields about 4% and just raised its payout for the 54th consecutive year, with a $1.48 quarterly dividend up from $1.4225. Johnson & Johnson (NYSE:JNJ) yields a leaner 2% but just delivered its 64th consecutive annual raise to $1.34 quarterly.

The tradeoff is capital-heavy but growth-rich. PepsiCo’s annual dividend climbed from $4.02 in 2020 to $5.62 in 2025, roughly a 40% raise in five years. That is how this tier beats the California cost-of-living treadmill.

The Middle Path: 5% to 6.5%

At a 5% blend, the required capital drops to roughly $2,012,000. Push to 6.5% and the number falls to about $1,548,000. This tier is where net-lease REITs, gaming REITs, and pipeline partnerships live.

Realty Income (NYSE:O) yields about 5%, pays monthly, and just declared its 114th consecutive quarterly increase at an annualized $3.246 per share. Portfolio occupancy sits at 99%. VICI Properties (NYSE:VICI) yields almost 7% off a $1.783 payout backed by triple-net leases on Caesars Palace and MGM properties with 100% occupancy. Enterprise Products Partners (NYSE:EPD) yields near 6% on a $2.20 annualized distribution, though its K-1 tax form adds filing complexity in a high-tax state.

The tradeoff: growth slows. VICI’s quarterly dividend rose from $0.4325 to $0.45 over the past year, a mid-single-digit bump. Realty Income’s payout grew about 3% to 3.7% per its 2026 AFFO guide. That still edges past inflation, barely.

The High-Yield Tier: 8% and Above

At 8.3%, the required capital collapses to roughly $1,212,000. Main Street Capital (NYSE:MAIN) is the archetype. Its regular monthly payout of $0.26 annualizes to $3.12, and four $0.30 supplementals per year add another $1.20, for a total of roughly $4.32 per share. Against a $52 stock price, that is a total yield near 8.3%.

The catch: BDC supplementals are tied to net investment income and portfolio performance, not contractual. Non-accruals sat at about 1% of the portfolio at fair value at quarter-end, which is healthy, but the extras can shrink in a credit downturn. The 10-year Treasury yields about 4.5% for comparison, so an 8% equity yield is nearly double the risk-free rate for a reason.

Why the Cheapest Portfolio Is Often the Worst Deal

A 3.5% yield growing 8% per year doubles the income stream in nine years. A flat 8% yield stays exactly where it started. Nine years from now, that $100,600 California household budget needs to be closer to $130,000 just to hold ground against typical inflation. The high-yield portfolio funds today’s paycheck. The growth portfolio funds today’s paycheck and next decade’s.

California’s top marginal state rate reaches 13.3%, and MLP K-1s, REIT ordinary-income distributions, and BDC dividends are almost all taxed as ordinary income. Qualified dividends from PepsiCo or Johnson & Johnson get preferential federal treatment. That gap matters in Sacramento’s tax bracket.

Before Chasing Yield, Run These Three Numbers

• Calculate spending, not salary. California households often need to replace only 70% to 80% of their working income once payroll taxes, retirement contributions, commuting costs, and other job-related expenses disappear. Replacing $75,000 of actual spending requires far less capital than replacing a $100,600 paycheck.
• Compare total return, not just today’s yield. Run a simple ten-year spreadsheet comparing a 3.5% dividend-growth portfolio with an 8% high-yield portfolio, assuming dividends are reinvested. The higher-yield option often wins early, but the growth portfolio frequently catches and passes it over time.
• Model after-tax income. California’s 9.3% and 13.3% state tax brackets can change the ranking. Qualified dividends, REIT distributions, BDC dividends, and MLP distributions all receive different tax treatment, so the portfolio with the highest stated yield may not produce the most spendable income.

Replacing California’s median household income with dividends is possible, but the cheapest portfolio is not always the one that leaves you in the strongest position ten or twenty years from now. The right choice depends on whether your priority is maximizing today’s income, protecting tomorrow’s purchasing power, or striking a balance between the two. For most investors, the real goal is not simply matching a paycheck. It is creating one that never requires punching a clock again.

Contact [email protected] for any questions or corrections.

A mother and daughter who went missing after going for a hike on a difficult trail in San Bernardino County’s San Gorgonio Wilderness have been found “alive and well,” the sheriff’s department announced Friday.

The San Bernardino County Sheriff’s Department told KTLA they were uninjured and “walked out on their own.”

Krystal Meyers, 41, and her daughter Alexis Meyers Martinez, 21, were hiking on the Vivian Creek Trail Thursday but didn’t return, according to the San Bernardino County Sheriff’s Department.

They were last known to be at the 10,300-foot elevation mark above the High Creek switchbacks at 11 a.m., according to the San Gorgonio Search and Rescue team.

The Vivian Creek Trail is widely considered one of the more strenuous and hazardous routes in the San Gorgonio Wilderness.

The U.S. Forest Service says it’s the shortest and steepest route to the summit of Mount San Gorgonio and requires experienced mountaineering skills.

Officials did not provide any further details about the circumstances surrounding their disappearance.