The Fed cut the interest rate by a quarter percent this week, and those of us who live on a fixed income have been trying to understand why it was needed. The economy is good and unemployment is low. I was fully expecting interest rates to continue climbing from 2.50%
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The bottom line
Everyone’s situation is different. But the bottom line is that you have to make more than you spend. I like to look at cash flow on a month to month basis. Simply total your expenses and subtract them from your income for the month. You should end up with a
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Several types of investment will produce a monthly income. There are exceptions, but most money market and bond funds pay a monthly dividend. Real estate investment trusts also commonly payout monthly. You can have the monthly dividends reinvested if you don’t need the income right now. With these types of
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