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Building Retirement Income with Closed-End Funds - Special Guest Steve Selengut

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Manage episode 486405038 series 3665086
Content provided by Brandon Roberts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brandon Roberts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

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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


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.

  continue reading

5 episodes

Artwork
iconShare
 
Manage episode 486405038 series 3665086
Content provided by Brandon Roberts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brandon Roberts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Send us a text

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


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.

  continue reading

5 episodes

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