I always have a good laugh when the press talks about our favorite high-yield plays—closed-end funds (CEFs)—like they’re some new thing! Of course, we seasoned CEF investors have long known that these funds, which pay out average dividend yields of 7.5%, are the key to retiring on dividends alone. (The 20 CEFs in our CEF Insider service’s portfolio do even better than that, yielding 8% as I write this, with the highest payer of the bunch paying a life-changing 9.8%.) Nonetheless, the media continues to be floored by this news! The latest occurrence came on February 9, when CNBC ran an article called “Retirees Seeking Income May Want to Consider Closed-End Funds.”… Read more