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Yield to Reason Podcast | Retirement Income Planning Insights
In an era where traditional accumulation strategies often fall short, I've made it my mission to guide you toward a more reliable and stress-free approach to retirement planning.
The reality is stark: nearly 51% of Americans worry about outliving their savings, and 70% of retirees wish they had started saving earlier. Furthermore, 55% of Americans worry they won't achieve financial security in retirement. These statistics highlight a pervasive unease about the future.
My strategy is simple and effective, by shifting the focus from mere wealth accumulation to generating consistent income we can alleviate these concerns. You can easily create a steady cash flow that aligns with your financial needs, offering tangible results and peace of mind.
Join us as we delve into strategies that prioritize income creation, challenge conventional financial wisdom, and empower you to take control of your financial destiny. Together, we'll explore how real wealth writes checks.
Yield to Reason Podcast | Retirement Income Planning Insights
Building Retirement Income with Closed-End Funds - Special Guest Steve Selengut
Guest: Steve Selengut, Author of "Retirement Money Secrets"
Host: Brandon Roberts
Episode Overview
In this episode, we dive deep into a retirement income strategy that most people have never heard of but could dramatically change your financial future. Steve Selengut, who managed over $100 million for clients as an investment advisor, shares how he built substantial retirement income using closed-end funds - investments that have been around for 200 years but are largely ignored by Wall Street.
Key Takeaways
- Income First: Focus on generating actual cash flow rather than just growing account balances
- 10%+ Yields Available: Current closed-end fund portfolios can generate over 10% income annually
- Tax-Free Options: Municipal bond closed-end funds currently yielding over 7% tax-free
- 200-Year Track Record: These aren't new, risky investments - they've been around since 1825
- Quality & Diversification: Each fund contains 50-300+ individual securities for built-in safety
Chapter Breakdown
Chapter 1: The Foundation - Learning Income Investing Early (0:00 - 7:00)
Chapter 2: The Four Pillars of Safe Investing (7:00 - 11:00)
Chapter 3: Discovering Closed-End Funds (11:00 - 18:00)
Chapter 4: Why Closed-End Funds Beat Traditional Bonds (18:00 - 24:00)
Chapter 5: Building the Universe - How to Pick Winners (24:00 - 32:00)
Chapter 6: Making the Transition - From Index Funds to Income (32:00 - 36:00)
Chapter 7: Current Income Opportunities (36:00 - End)
Resources Mentioned
- Book: "Retirement Money Secrets" by Steve Selengut
- Community: Income investing community with monthly fund updates
- Coaching: One-on-one transition coaching (discounted for community members)
- Course: College-level income investing program in Q&A format
Bottom Line
If you're approaching retirement and worried about generating enough income from your investments, this episode offers a completely different approach than the typical "save more and hope for 4%" advice. Steve's strategy focuses on generating 10%+ income right now, using investments that have been around for centuries but are largely ignored by mainstream financial advice.
The key insight: Instead of worrying about your account balance going up and down, focus on the actual cash income your investments generate each month. With current yields over 10% for diversified portfolios, you might find you need a lot less money saved than you thought to maintain your lifestyle in retirement.