Is an Interest-Only Retirement Attainable for You?
Many people work hard to build retirement savings and, as such, want to use that money to enjoy their senior years to the fullest. But you might have different plans for your nest egg.
For you, leaving wealth behind to your children and grandchildren may be your top priority. If so, you may decide that you're going to aim for an interest-only retirement.
An interest-only retirement has you investing your savings in interest-bearing assets, like bonds. From there, you pledge to leave your principal balance alone and instead live only on your interest income.
Source Fool.com
