In terms of knowing how much money is enough, there are calculators at most of the, well, really all of the really big asset management sites. So this is kind of like his minimum vible product. If he's crating an income stream, what's the minimum viable income stream he needs per year to get there? And then make it so that income stream is enough that it runs out then. The last thing i'll say about your question about whether to start buying rental properties. What i like about buying rental properties is that it provides some diversification. Now you can have another component of your portfolio that's diversified away from index funds.
#374: Andy in Palm Springs wants to create an income stream through a taxable brokerage account. What strategy should he use to minimize the tax impact of withdrawing his gains?
Jake wants investment cash flow until he’s eligible for his military pension in 10 years. Should he buy small multifamily properties right now, wait a few years and invest in syndications or should he invest in index funds through taxable accounts?
Anonymous is a US Citizen, lives in London, and can’t invest in index funds. How can he invest while reducing his risk?
Former financial planner Joe Saul-Sehy and I tackle these questions in today’s episode.
Enjoy!
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