Oh, I see. Yeah, I think it’s that simple. Turn off dividend reinvesting and transfer the proceeds to checking.
I’m firmly in the accumulation phase for my own account, so I haven’t done much planning for drawing income.
That being said, there’s also the idea of setting up a bond tent for the first few years of drawing on your investments. That’s something I’m planning to research as I get closer to my investment goals.
A lot of guidance has a gradual shift from growth stocks into value stocks (dividend paying) and bonds as you get closer to retirement and then through retirement as well. The exact mix is dependent on your income need in retirement and your risk tolerance.
Oh, I see. Yeah, I think it’s that simple. Turn off dividend reinvesting and transfer the proceeds to checking.
I’m firmly in the accumulation phase for my own account, so I haven’t done much planning for drawing income.
That being said, there’s also the idea of setting up a bond tent for the first few years of drawing on your investments. That’s something I’m planning to research as I get closer to my investment goals.
Hm, I’ll have to look into that last bit. I’m also still in the accumulation phase, just trying to learn more overall…
A lot of guidance has a gradual shift from growth stocks into value stocks (dividend paying) and bonds as you get closer to retirement and then through retirement as well. The exact mix is dependent on your income need in retirement and your risk tolerance.