Interview with Steve Selengut-How to Use Closed End Funds to Create Another Stream of Retirement Income

Insurance Pro Blog Podcast

In this episode, 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. Steve's latest book, "Retirement Money Secrets: A Financial Insider's Guide to Income Independence, " is available at Amazon. Click here to order your copy