These Funds Help You Retire Early With Dividends Up to 9.1%

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By now I’m guessing you’ve heard of the FIRE movement—you may even know someone who’s following this “extreme” form of retirement saving.

An acronym for “financial independence, retire early,” FIRE advocates look to retire earlier than the traditional age of 65—and I mean way earlier. Some even clock out in their 30s!

They do it by building up a huge cash hoard over a period of years, then making steady withdrawals (with some going by the flawed 4%-withdrawal rule) to sustain themselves. Some keep working during their “retirement”; others clock out entirely.

I was thinking of the FIRE folks this week and wondering how they’d fare if they tapped into the wealth- (and income-) generating power of closed-end funds (CEFs), which boast monster yields, sometimes north of 10%.… Read more

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Let’s say you want to generate a middle-class wage using only dividends, but you’ve only got $300,000 to invest. Can it be done?

It certainly can—and it’s easy to do with just three funds you can buy right now.

Drop $300K into these three income generators and you’ll get an outsized 9.8% dividend stream. That translates into a steady $2,450 every single month. And since these funds pay dividends monthly (as opposed to your typical S&P 500 stock, which pays quarterly), you’ll start getting that income in just 30 days (or less) if you invest right now.

Best of all, none of these funds force you to buy into risky small companies, toxic financial derivatives or any other speculative investments.… Read more

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