Julien's Journal May 2016 (Volume 41, Number 5) | Page 65

business&finance
business&finance

BUSINESS

BUSINESS
geared toward generating enough income
from lifetime income sources, such as
Social Security, pensions, and annuities, to
cover essential needs (e.g., day to day living
expenses). Discretionary spending such as
travel, leisure activities, etc., is typically
drawn from other income sources as well as
your investment portfolio. In order to make
this strategy work, you need to have sufficient lifetime income sources to draw upon
and other sources of income to make up
any potential essential spending shortfalls
and to cover discretionary spending needs.
“Bucket” method. Using this final strategy
entails dividing your overall portfolio into
separate investment pools or “buckets”
designed for a specific purpose. Each pool
has its own investment goals, strategies,
and time lines. For example, you might have
a pool of cash and short-term investments
for near-term spending, fixed-income
investments to cover mid-term spending,
and a balanced stock/bond portfolio to
cover long-term spending. This strategy
can be less daunting than trying to create a
sustainable income stream from one large
portfolio and help you feel more in control
of your assets.
Determining which withdrawal methods
will work best for you depends on the size
and composition of your portfolio, income
needs, risk tolerance, and the amount of
flexibility you have in your overall spending. Deciding how much to withdraw when
and from which accounts can be complex.
A financial advisor can help evaluate your
personal circumstances and create a customized plan that will generate income
and help ensure that your portfolio is positioned to continue to generate income over
the course of your retirement years.

Ribbon Cuttings

enterprises

enterprises

The Dubuque Area Chamber of Commerce and
Julien’s Journal congratulate the newest
Chamber members on their ribbon cuttings.
We support these new businesses as a part of
our community and wish them success.
Spark on Bluff
Sparks on Bluff is a multi-cultural hair
salon bringing you the latest in hair trends.
They cater to the variety of needs for
today’s modern family.
Located at 441 Bluff St., in Dubuque, IA,
52001
Call: [phone]
Website: www.sparkfamilyhairsalon.com

Applications Available for Arts and Cultural Special Projects Grants
The City of Dubuque and the Arts and Cultural Affairs Advisory Commission are now accepting competitive applications from all interested parties for special projects grants for
the fiscal year (FY) 2017 grant cycle, which runs July 1, 2016, through June 30, 2017. Sinc