My Market-Crushing Income Strategy Will Have You (and Your Grandchildren) on Easy Street

In spite of the recent Fed interest rate hikes, it's a rough time to be an investor in need of an income. In fact, it has been for a very long time, and it's only gotten marginally better.

How bad? Well, 10-year Treasury bonds are yielding just 2.7%; 30-year bonds get you just a few ticks over 3%.

Corporate paper isn't much better; you get just about 4%, unless you want to take on truckloads of interest rate risk and go exclusively into long-term bonds. That strategy will get you close to 5%, but the price of the bonds will sink like a rock if rates begin to rise over the next few years.

There just are not a lot of choices - good ones, anyway - available for fixed-income investors.