“WHO” is Income Planner for?
Income Planner is designed for those individuals of any age that have set aside some funds in either retirement or non-retirement accounts. Money that can be left untouched for a period of time, preferably for several years, without concern as to whether the principal amount rises or falls from month-to-month. However, the growth of principal is always welcome (see Free Advice tab, then go to Total Return) and additional amounts can always be added, but the primary focus here once again is income generation. Your money can be held inside or outside a tax advantaged account such as Roth IRA, Traditional IRA, 401(k), 403(b), etc.
Income Planner has created portfolios (should you desire to use them) for investors who are desirous of generating an income stream better than what can be achieved by placing their money in a savings account, in various CD’s or in ordinary dividend paying stocks. Although all securities rise and fall just as ordinary stocks and bonds and are taxed accordingly, these securities pay out a generous and relatively high rate of dividends or dividends and interest. Again, the money (principal) invested in these portfolios should not be money that is required to live on day to day, but instead money that you leave invested. However, if you need extra income to help you meet your everyday expenses, then use the income generated by Income Planner's selected securities to give you that "extra" amount you are seeking.
If however, capital preservation is of utmost importance, Money Market funds, CD’s, Treasury Bills and like equivalents are the way to go. Income Planner links you directly to the best Money Market and CD rates currently to be found. Just go to Links, then cick on "ETFs, CDs and more". Then click on "Bank CD blog". This will open to a 3-month CD list (up to 84 months) and you can then scroll up or down from there. Updated daily!!!
Income Planner is not flashy. It is not a get rich quick, swing for the fences approach nor is this a stock picking service. It is anticipated that few changes, if any, in the securities held will be made over a period of time because Income Planner is focused on the steady payment of dividends and interest paid out on a monthly and/or quarterly basis. However, when a change is made, Income Planner will discuss the reasons for the change and whether to replace a position or whether it is just for additional money to be added to your account.
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