Retiring on Dividends 104: Income Investing (Closed-End Funds)

We love our paychecks, so during retirement, we need to create as many as possible.

Some people have pensions, social security, or annuities. However, we can build even more income by using closed-end funds.

CEFs are consistent income-generating assets with high yields. With monthly-paying CEFs, we can generate income that resembles our working years.

Once we are flushing with income, we can use extra cash flow to diversify our portfolio with index funds and dividend stocks. Together, we will have enough income and growth to last the rest of our lives.