Recently a client came to me with a question about choosing an income fund to generate more cashflow; she had recently decided to cut back on her work hours, but wanted to make up some of that lost income by investing some of her taxable brokerage account in dividend-paying funds.
Income funds can be a great way to boost your cashflow, and many retirees even use them as their main source of income. When choosing income funds, you will want to consider your overall portfolio, your desired balance of growth vs. income, your cashflow needs, and your overall risk tolerance.
Here are some of the most popular income-generating funds right now - this is not personal financial advice, so make sure to do your own due diligence before making any investments!
Popular Income Funds (as of July 2024)
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