If you’re like most people in the U.S., you’re probably looking for ways to generate income that will last a lifetime. You’ve probably heard about the importance of having a sustainable retirement income stream. But what does that mean? How do you build one? What’s the difference between an annuity and a pension plan? And why do so many people fail at their attempts to create long-term streams of retirement income without going broke?
The importance of knowing your investment goals
Knowing your goals is the first step to creating a sustainable income stream.
Knowing your goals helps you to set realistic expectations, and can help you plan for the future. It also helps make better investment decisions because it gives you a clear idea of what kind of return on investment (ROI) you’re looking for, which will help determine how much risk is involved in generating that ROI.
The need to find the right retirement income stream
- The need to find the right retirement income stream
- How to choose the right income stream for you
- Importance of knowing your investment goals
How to build a sustainable retirement income stream
To build a sustainable retirement income stream, you need to diversify your portfolio. This means having investments in different asset classes, such as stocks and bonds. You also need to understand the risks involved with each investment class and how they will affect your overall portfolio performance over time.
Rebalancing is key because it can help minimize the negative effects …Sustainable Retirement Income Streams Read More