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Creating an income-producing portfolio
  + stars: | 2024-05-20 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +7 min
A lot goes into creating and managing an income-producing portfolio that works for you. Knowing your expenses will give you a good sense of the income you’ll need. Ways to generate incomeTake the income you think you’ll need and subtract from that the income you expect. For example, if you need $65,000 a year but will only bring in $40,000, you’ll need to generate the other $25,000. • For money you’ll need in three to five years, use short-term corporate bonds as well as longer-term CDs.
Persons: it’s, Will, David Seufer, you’ll, Marguerita Cheng, , David Edmisten, Edmisten, Cheng, ” Seufer, , ” Edmisten, Seufer, they’re, ” Cheng Organizations: New, New York CNN, Gravitas, Social Security, Blue, ” Capital, Social Locations: New York
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