Instead of saving a total sum for retirement, I started thinking about how much I want to ‘earn’ monthly and it made me reassess the way I invest

Instead of saving a total sum for retirement, I started thinking about how much I want to ‘earn’ monthly and it made me reassess the way I invest

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March 2020 is a month most of us will never forget. That was the month when the reality of the coronavirus set in across the United States and millions of Americans were ordered to stay home. As tens of millions of workers lost their jobs and nearly every American was somehow affected by the pandemic, the stock market experienced its worst drop in decades.

I have plenty of emergency savings and don’t plan to tap into my retirement portfolio for at least 30 years, so a short-term drop didn’t shake my long-term investment plan. However, it did have me thinking about the best ways to build a resilient portfolio that will meet my cash flow needs during my golden years.

Here’s how I’m thinking about building a portfolio focused on cash flow before and during retirement.

Read more at Business Insider

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