Give Yourself Some 'Paychecks' for Retirement
December 22, 2021
During your working years, you’ve probably met the costs of living through your salary. But once you retire, where will the money come from? Is there a way to give yourself a “paycheck” for retirement?
There is indeed – but you’ll have to do a good job of managing your available income sources. Here are some moves that can help:
• Accept dividends and interest payments. Instead of automatically reinvesting all your dividends and interest payments into your portfolio – which is an excellent strategy for building wealth – you might want to begin receiving these payments as par...