Publisher's Synopsis
Will you have a substantial amount of cash in your 401K or IRA? The financial industry will convince you to use the 4% rule to dismantle your accounts to generate income.
Conveniently, they will help you dismantle your resources and charge you 1% of assets under management.
There is a better way. I subscribe to the principle of income investing, which involves converting cash into cash flow.
We generate more income than expenses by using high-yield fixed-income products like closed-end funds and preferred shares.We reinvest 25% of our dividend income back into the portfolio, ensuring we outpace inflation and cost of living. Plus, we will end the year with more shares than we started with. Simply amazing!
