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Wednesday, May 10, 2023

TD WebBroker Tip: Use "Projected Income"

As a retired fellow, I find this often-overlooked-feature quite handy. It delivers an update-to-date report of the expected total dividend income from an investment account.

How does one access this feature? Login to TD WebBroker and click on Projected Income. That's it. Why everyone doesn't do this is beyond me.

Be aware that the projected income does not include interest paid on cash parked in money market funds like TDB8150 which is yielding 4.05% at this time. If a lot of money is saved in such a fund, this can add up to a substantial amount of income.