Retirement Money Secrets: an Interview with Steve Selengut about Closed End Funds

Join us for an eye-opening conversation with Steve Selengut, author of "Retirement Money Secrets" and former investment advisor who managed over $100 million in client assets. Steve shares his decades of experience using income-focused investing strategies centered around closed-end funds to generate substantial retirement income.
In this interview, Steve reveals how he built an investment approach that generated income equivalent to five times his salary by age 34 - and how you can apply these same principles to your retirement planning.

What You'll Learn:

Chapter 1: The Foundation of Income Investing

✅ How Steve's real estate developer father instilled the importance of multiple income streams

✅ The life-changing moment when Steve inherited a substantial stock portfolio at age 25

✅ Why focusing on income from day one changed everything about his investment approach

Chapter 2: The Power of Quality and Profit-Taking

✅ The four core principles that minimize risk: quality, diversification, income generation, and profit-taking

✅ How to systematically take profits while building a diversified income-producing portfolio

✅ Why traditional "buy and hold" strategies may not be optimal for retirement income

Chapter 3: Discovering Closed-End Funds

✅ Steve's accidental discovery of closed-end funds in the 1980s and why they became his primary investment vehicle

✅ How closed-end funds solve the complexity and cost problems of buying individual bonds

✅ Real-world examples of how closed-end funds can dramatically increase your income yield

Chapter 4: Building Your Investment Universe

✅ Steve's systematic approach to selecting quality closed-end funds

✅ The importance of diversification and minimum operating history requirements

✅ How to avoid common pitfalls when evaluating closed-end funds

Chapter 5: Making the Transition

✅ Practical advice for investors currently in index funds who want to transition to income investing

✅ How to handle the tax implications and timing of portfolio transitions

✅ Real-world challenges Steve has helped clients overcome when moving away from traditional portfolio allocation

Chapter 6: Current Market Opportunities

✅ Why current closed-end fund yields are at historically attractive levels

✅ Municipal bond closed-end funds yielding over 7% tax-free

✅ Equity closed-end funds generating over 10% income in today's market

Key Takeaways:

Closed-end funds have been around since the 1820s - they're not a new or risky investment vehicle

Current market conditions offer exceptional income opportunities for retirement investors

Quality, diversification, and systematic profit-taking can provide both income and growth

The traditional 4% withdrawal rate may be unnecessarily conservative with the right income strategy
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Whether you're approaching retirement or already retired, this conversation challenges conventional wisdom about portfolio allocation and offers a practical roadmap for generating substantial investment income.

About Steve Selengut:
Steve Selengut is the author of "Retirement Money Secrets" and a former investment advisor with decades of experience managing client portfolios. He currently coaches individual investors and maintains an income investing community focused on closed-end fund strategies.

Connect with Steve:
Book: "Retirement Money Secrets" https://amzn.to/43F0Qbg
Income Investing Community: https://www.skool.com/rms-income-inve...


Disclaimer: This content is for educational purposes only and should not be considered personalized investment advice. Please consult with a qualified financial advisor before making investment decisions.

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