Putin
New member
In late midlife, i created diversified income streams to supplement traditional income from investments. Here is what its:
1. Define the life you want
2. Get clear about your expenses based on the life you want
3. List the set amounts such as social security or retirement plans that pay income
4. Determine the gap
5. Calculate the amount of income you’ll get from your investments
Do not confuse this with total return from stocks!
6. Explore ways to increase your income from both alternative income investments and nontraditional retirement ideas
Tip - Remember that you don’t want too much income, will trigger more taxes. Find balance between appreciation and income
1. Define the life you want
2. Get clear about your expenses based on the life you want
3. List the set amounts such as social security or retirement plans that pay income
4. Determine the gap
5. Calculate the amount of income you’ll get from your investments
Do not confuse this with total return from stocks!
6. Explore ways to increase your income from both alternative income investments and nontraditional retirement ideas
Tip - Remember that you don’t want too much income, will trigger more taxes. Find balance between appreciation and income