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Topics - Notaguru

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Investors - LC / Converting from growth to income
« on: September 17, 2018, 12:25:40 PM »
About 15 months ago I sought more diversity by investing in debt instruments, so tried Lending Club with conservative borrower criteria. So far, it's been satisfactory - determined by net value of our LC account.

Having just turned 80, I decided that income is a more appropriate goal than growth. With LC, it appears that one converts from growth to income by stopping automated reinvesting, and then periodically withdrawing funds from the account. Depending on how often I withdraw, that process creates periods during which I neither have use of the funds nor are they generating income. It also looks like that will complicate our tax filings...

Is there a better way?

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