Turning Your Investments Into A Paycheque
Countless books and articles explain how Canadians can build wealth during their working years. But when it comes to drawing on that wealth in retirement, things become murkier. Instead of using their income to build a portfolio, retirees must switch gears and use their portfolio to generate income. For those who have spent decades saving and investing for the future, this can be difficult.
Many investors believe this transition requires a new investing strategy in retirement. They may feel they need to move all of their money into conservative income-generating assets such as GICs and bonds.
There is a more sophisticated approach. With professional guidance, Canadians can preserve and grow their capital using the same balanced strategy they used to accumulate it. At the same time, they can meet all of their income needs by drawing down their portfolios in the most tax-efficient way possible.
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