Hard Working Money

How much of an investment portfolio will provide enough passive income for your retirement dreams? Your FORTAX Financial Advisor can help you estimate this, and then achieve it.

For example, if you want to live on $50,000 yearly when you finally retire, you will need to build a million-dollar portfolio by that time, assuming you can earn a 5% annual rate of return. It will produce enough revenue to sustain a systematic withdrawal plan that supports your future lifestyle.

In the years when you have lower growth than you would like, you need to be prepared. Ensure you have enough cash flow so that your investments are protected. By funnelling all of your ‘found money’ into that portfolio, you will be able to protect the growth of your investments with a good cash reserve.

This is the smart way to spend a tax refund or unexpected inheritance. Have this money become part of your passive income strategy.

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