Searching for Investment Income? Explore All Your Options
 

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At many points in your life, you’ll need income from your investments. Fortunately, you’ve got some good income-producing investment choices.

You’ll want to consider bonds and Guaranteed Investment Certificates, or GICs, both of which provide income in the form of interest payments. To help reduce volatility caused by interest rate movements, you may want to build a fixed-income "ladder" of bonds and GICs of varying maturities. When market rates are low, your higher-paying, longer-term bonds can work for you. But when market rates rise, you can cash in your maturing shorter-term bonds and buy new ones that pay the higher rates.

You may also want to consider investments with income guarantees, such as immediate annuities and segregated funds with guaranteed minimum withdrawal benefits, or GMWBs.

Also see: Map your retirement goals -- click here

Also see: Dividends:  A good source of income click here

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Tuesday, July 20, 2010