A. Here are questions you should explore -
- What is the purpose of the income stream? Is it needed to cover basic expenses or for discretionary purposes?
- How much additional income do you need on a monthly basis?
- How long will you need this income stream?
- Are you more concerned with supplementing your income now or growing your assets for later use?
- Are you concerned with leaving a legacy? Do you have children or other family members who have special needs that you wish to support after your death?
- Do you have other assets that can be invested now for later use?
- Do you want to build in cost of living increases?