Author: Michael Foster, Contrarian Outlook

Wall Street says you have to settle for the pathetic 2% yields most folks scrape by on from 10-year Treasuries, or your typical S&P 500 stock. Don’t believe them. Because there’s a far better way to bankroll your retirement that they won’t tell you about: municipal bonds.

In short, the so-called “wisdom” on fees is bogus…

If you’re interested in buying assets at a discount, getting access to the largest asset-management companies in the world, and a very large dividend stream that’s more than three times greater than you’d get from most mutual funds, then yes, CEFs are absolutely for you…

Thanks to a sell-off, they’re firmly in bargain territory— although they’re already starting to snap back. So we don’t have a lot of time here.

If you put all of them in a $1 million portfolio, you’d collect $8,417 in monthly dividend payments. That’s a six-figure income that you can get passively — without selling a single stock. Apple can’t hold a candle to these massive payouts…