As you approach retirement, it is essential to plan for how you will replace your current income and support your preferred retirement lifestyle. There are many ways to structure your investments prior to retirement, but the goal should always be to build a long-term saving, investing, and spending plan.
Whether you want to travel, buy a second home, or start the business you always dreamed of, you’ll need a plan to accomplish this with no paycheck to count on. Instead, you’ll rely on your investments to support your financial needs. Can your portfolio truly replace your former salary, though? In this episode, Jay Pluimer explores whether or not it’s possible to generate a consistent and reliable income stream from an investment portfolio in the current market environment.