How to Use Closed End Funds to Create Another Stream of Retirement Income

The Insurance Pro Blog – Brandon Roberts, host you’ll discover how closed-end funds can revolutionize your retirement income strategy. From expert Steve Selengut, you’ll learn about this often-overlooked investment vehicle that’s been around since the 1800s. You’ll explore:

– What closed-end funds are, and how they differ from mutual funds and ETFs

– Why closed-end funds are required to pay out 95% of their earnings to shareholders

– How leverage works in closed-end funds and why it’s not as risky as you might think

– The potential for high yields, with some funds currently offering around 10%

– Strategies for using closed-end funds to generate consistent income in retirement

– How to take profits and reinvest to continually grow your income stream

– Why market volatility can benefit closed-end fund investors

You’ll understand why focusing on income rather than just accumulation can lead to a more secure retirement. Steve shares insights from his decades of experience, including how he turned a $70,000 inheritance into a $500,000 portfolio using these strategies. Whether you’re planning for retirement or are already there, this episode will challenge your thinking about traditional retirement planning and introduce you to a powerful tool for creating sustainable retirement income. You’ll come away with practical knowledge on potentially increasing your retirement income beyond what conventional wisdom suggests is possible.