Generating an Income Stream from Your Portfolio
Unlike other retirement income sources, such as Social Security and pensions, your investment portfolio doesn’t provide a predictable distribution of money. You must generate a reliable income stream even though markets don’t always want to cooperate.
So, how can you sustainably raise cash in your portfolio for retirement, as you need it? How should you sell assets for cash in a down market to minimize your losses?
Just as you had a strategy to grow your wealth, you need a strategy to use your wealth. In this short video, Mike Palazzolo, Senior Investment Specialist, provides a general overview of how to utilize dividends and efficiently trim your assets to create an income stream from your portfolio.