Stock & Bond Investing in Your 60s: Protecting Our Principal While Earning Income - Financial Freedom, #145

Our 60s is when we cash in our 401Ks and Roth IRAs. However, we shouldn't buy a boat; we must generate income. To create cash flow safely, we must use the four pillars: safety, security, growth, and income. Income is my favorite pillar, but all pillars work together to ensure we protect the principal and experience growth. Once you build the first three pillars, you can let them grow independently.
Then you can focus on your income-investing portfolio (the fun part). Good Luck!