Tax-Sensitive Investing

摘要

Income is income to many of us. In truth, though, there are two types of income and they differ sharply in their effect on investors. Many investors, especially retirees, depend on their portfolios to provide day-to-day living expenses. In other words, they need to draw spendable income from their savings. For any investor with that need, there are plenty of income products available in the marketplace, many of which tout attractive dividend or interest payments. The trouble is, income-seeking investors don't need that kind of income. They need cash in hand, and there is a big difference.