A friend of mine just made a ton of money in a tech company. Heâs looking forward to financial independence and early retirement, probably in the next year or two.
And when that happens, heâll want to live on passive income, that means heâll want his investments to throw off enough cash each year so he can live on it.
Nice workâif you can get it. Here are seven points to consider.
1. Watch out for TIPS. Not long ago these were the perfect low-risk, sleep-at-night retirement investment. Treasury inflation-protected securities are Treasury bonds whose interest payments effectively adjust to compensate for rising inflation. At points in the past 20 years theyâve offered inflation
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