And by this, I mean, advice for the actual act of getting investment income (ideally without touching principal).

  • elephantium@lemmy.world
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    11 months ago

    Oh, I see. Yeah, I think it’s that simple. Turn off dividend reinvesting and transfer the proceeds to checking.

    I’m firmly in the accumulation phase for my own account, so I haven’t done much planning for drawing income.

    That being said, there’s also the idea of setting up a bond tent for the first few years of drawing on your investments. That’s something I’m planning to research as I get closer to my investment goals.

    • CharlesDarwin@lemmy.worldOP
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      11 months ago

      Hm, I’ll have to look into that last bit. I’m also still in the accumulation phase, just trying to learn more overall…