Individual bonds and bond funds can both provide an income stream, but there are important differences.
Holding stocks in companies of varied sizes through mutual funds or exchange-traded funds could help increase portfolio diversification.
In many states, a transfer-on-death (TOD) deed and/or account can help avoid probate without the cost and complexity of a trust.
How Long Will Your Funds Last?
Estimate the future cost of an item based on today’s prices and the rate of inflation you expect.
How much life insurance would you need to produce a sufficient income stream for your family?
Estimate the future value of your current savings.