What is income investing?

This is traditionally the time of life when you turn your hard-earned assets into an income stream.  Income investing is taking less market risk and using your assets to develop a monthly income stream along with Social Security and any Pensions at retirement.  You have built this money throughout your life, now is not the time to make a hasty high decision.

What do I need to know about income investing?

It is a very important time in your life.  There are many considerations to how you will use your assets.  The concerns are:

• What are my fixed expenses per month?
• Can I afford all of them with my retirement income?
• Can I afford vacations, cars and home upkeep?
• Running the numbers is very crucial!
• Running the numbers at 62 is not a good idea.
• Planning ahead in your 40's and 50's is--you can increase your monthly income in retirement just by deciding to have less stuff, and living a little more simply.

Bank CD Investors:

Investor who traditionally use CD's or Money Market accounts may be very surprised at the number of very low-risk investments that are available with no-load.  One of the great things about this type of investment vs. a CD is you have access to the money and at any time you can write a check on the account.  It truly makes sense.  I can't argue with keeping some money in CD's, but why not invest in what the banks are using your money for?  What they invest in is very low-risk; you may want to consider what they invest in.

Investors who want to take little or no market risk:

There are plenty of options for conservative investors.  Don't believe that the only solutions are CD's, and high cost annuities.  No-load low risk mutual funds are such a great way to create an income stream.  No hidden fees as with most insurance products, no penalties for early withdrawal as with bank CD's.

Contact us for a no obligation conversation.  We are not high pressure.  We are here to serve you.

    At CG Financial Consulting we take a look at your investments, insurance and liabilities, and make a comprehensive financial plan to meet your goals and what you want to achieve. There are no yearly fees or percentages that some planners charge. We charge by the hour or by the plan, there is never a conflict of interest.