Investing for Income Strategies in Midland, TX.

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Income-Based Financial Strategies

Although the growth-based financial strategies you used during your working years might have been effective in helping you grow your retirement savings, those same strategies can actually jeopardize your financial stability once you near retirement.

That’s why many of the best retirement plans recommend that you should try to reduce your exposure to growth-based financial strategies once you near retirement. Instead, it makes sense to switch your focus to income-based strategies designed to help you preserve your savings, so you can use it as a source of steady income. This is known as Investing for Income.

By focusing on income-generating investments, such as bonds and bond-like instruments, you can establish a lifetime income strategy that allows you to know with a greater sense of certainty what your financial future holds. This doesn’t mean that you cannot remain invested in the stock market once you near retirement. For those with the ability to endure some level of market risk, high dividend-paying stocks can be a viable way to enjoy the benefits of investing for income.

What is the Right Retirement Income Investment Strategy?

The right retirement income investment strategy can help reduce your stock market risk and give you a more practical way to invest in stocks as you approach or enter retirement. That’s because if you’re retired when the market experiences a downturn, but the dividends you receive satisfy your income needs, you can hold the stock and wait for it to come back, essentially giving you staying power. If you don’t need the income at the time, you can reinvest those dividends and grow your money the old-fashioned way through the power of compounding.

Give our office a call today to find out if an investing for income strategy is right for you.

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Carter Financial Group is a full-service financial firm dedicated to helping those in the Texas area meet their long-term financial goals. Our team of financial advisors and wealth managers are experienced in helping clients preserve their savings, so they can use it as a source of steady income in retirement.

All written content on this site is for informational purposes only. Opinions expressed herein are solely those of Carter Financial Group and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification and rebalancing do not ensure a profit or help protect against loss in declining markets. All information and ideas should be discussed in detail with your individual advisor prior to implementation. The presence of this website, and the material contained within, shall in no way be construed or interpreted as a solicitation or recommendation for the purchase or sale of any security or investment strategy. In addition, the presence of this website should not be interpreted as a solicitation for Investment Advisory Services to any residents of states where otherwise legally permitted to conduct business. Fee-based financial planning and Investment Advisory Services are offered by Sound Income Strategies, LLC, an SEC Registered Investment Advisory firm. Carter Financial Group and Sound Income Strategies LLC are not associated entities. Carter Financial Group is a franchisee of Retirement Income Source. Retirement Income Source and Sound Income Strategies LLC are associated entities. © 2023 Sound Income Strategies A franchise of Retirement Income Source
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Learn More About Mandee

In preparation for her continuing the family business and taking over full time once Dee retires, Mandee Carter, the Vice President and Associate Advisor of the Carter Financial Group, has been working alongside her father running the day-to-day business and learning the ropes, so to speak, since 2017.

Mandee received her BS in Psychology in 2016 and started her career in the Financial Industry in 2010 when she started helping in the office. After acquiring her degree, she came on full-time in March 2017 as Dee’s business partner and Main Associate Advisor helping clients navigate the intricacies of investing for retirement and overall successful financial planning.

In 2021, she was named an Elite Producer with American Equity amongst other accolades.

In Mandee’s spare time, she likes to go to the gym, spend time with her boyfriend, friends and family. She is an animal lover and rescuer. She has 2 German Shepherds that she rescued from the shelter 6 years ago. She still enjoys almost all things Psychology related and is constantly researching something. She enjoys meeting new client prospects and likes speaking with her current clients. She loves helping people.

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