“America’s retirement fund” is looking awfully shaky. Income investors should consider replacing the over-owned S&P 500 index fund with these underappreciated yields up to 7.5%. The S&P 500 has face-planted right out of 2022’s starting gate, flirting with a correction (that’s a decline of 10% or more) less than a month into the year. If you’re retired, or thinking about retirement, these drawbacks are costly. They can erase years of hard work in a few bad trading sessions. This is why we contrarians, who focus on cash flow, lean on “preferred” stocks, instead. These are special classes of shares issued by the same blue-chip firms in the S&P 500.… Read more