Bogleheads

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Favorite resource(s) for retirement actions? (self.bogleheads)

submitted 11 months ago by CharlesDarwin to c/bogleheads

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

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[–] elephantium 2 points 11 months ago (1 children)

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 1 points 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...