How I create a passive income for my Clients (Stocks & Shares retirement income explained)
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Published 2021-05-02
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I am a Chartered Wealth Manager and Partner in a financial planning practice based in the UK. If you would like to find out more about working with us, please follow this link: go.novawm.com/getintouch
I recently received this question "I'm invested in a Vanguard UK Lifestrategy fund but i'm getting close to retirement and they don't have an income option, what should I do?"
It's easy to assume that to create an income in retirement you need to be investing in things that generate an income. But it's totally possible to carry on investing in these accumulating Vanguard Funds and still create an income.
Ultimately the most efficient way to create an income in retirement, that gives you control over what you receive and when is by selling assets as and when you need them.
In this video, we will cover:
- Why dividend income is irrelevant
- The advantages of selling assets when you need th