Monthly Income Plan
Categories: Managed Funds
You're retired. You just want to fish and do yoga and watch the Kardashians 24/7. So you've scrimped and saved, and you have a plan for the $3,782 you need to gross every month to pay the bills in your little cabin in the woods.
You have a bunch of bonds that each pay twice a year. But you want income monthly to just...smooth things. So you also have a bunch of dividends coming in from equity investments (stocks) you bought. You've spread everything out broadly, so that your monthly income is reasonably smooth-ish.
That's the plan anyway, as you pay your cable bills and bite your nails over what Khloe will do next.