Our clients understand that individual fixed-income securities can provide a measurable reduction in risk, costs, and tax implications when compared to bond mutual funds.
That’s why our advisors create fully customized portfolios of individual income producing investments that are tailored to our client’s needs. Our active management of these fixed-income securities allows our team of portfolio managers to continually identify opportunities to help maximize returns on our clients’ behalf.
Is Investing for Income Right for You?
Shifting your investment focus from growth to income in the years just before retirement makes sense for most. But how do you know if an income strategy is right for you?
Let’s start with the basics. The income model is designed to help you achieve two objectives that become increasingly important as you near retirement: asset preservation and dependable income.
A recent survey by the Teachers Insurance and Annuity Association found there are three common themes most Americans are looking for in retirement:
1. Freedom from financial worries
2. Flexibility with their lives and their finances
3. To spend time with family, relax, and travel
Chances are good that these themes might match up well with what you want from retirement, too. However, to make it happen, you’ll need to identify your specific goals around those themes. Travel where? Relax how?
Once most people take the time to think about it, they realize they’re investing with the goal of having the financial resources to be able to travel, relax, and spend time with friends and family in retirement.
Once you’ve identified your goals, you need to ask yourself how you want to pay for these things. Will you want to liquidate shares of your stock? Probably not, you’d most likely want to pay for them using your income.
Once most people realize this, they understand the benefit of having a financial plan geared toward owning investments that generate passive income they can count on in retirement.
And this doesn’t mean that you cannot remain invested in the stock market once you near retirement. For those with the ability to endure some level of market risk, dividend-generating stocks can be a viable way to enjoy the benefits of investing for income.
Give our office a call today to schedule a complimentary, no-obligation, consultation to find out how you could establish renewable streams of income for your retirement.