“Christine, what can I do with the income from my investment?” This is a question I’m often asked by prospective and current clients. My response is generally the same: “It depends on your goals and financial needs.” Truly there is no right or wrong answer as it depends on the individual and what ultimately works for them.

Investment income is the profit you earn from your portfolio. The income you receive may be dividends from stocks, funds (for example mutual, exchange-traded funds [ETFs], real estate investment trusts [REITs]) or coupon payments from bonds. Many older clients’ investment strategy is to create a passive income stream to supplement (or replace) their traditional income. In these instances, interest payments will provide some or all the income necessary to cover the expenses of day-to-day life. Many of these clients will use the income and not reinvest it.

On the other hand, there are investors who are still actively working or have alternate income streams so their focus is buildi

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