Author: Marc Lichtenfeld, Wealthy Retirement

In short, they’re a reliable way to get some income today and an even larger “paycheck” for your heirs later.

For people who have a little play money or who like to speculate in the markets, options are a great way to bet on or against a stock’s direction.

In short, they have higher expenses, they aren’t flexible, they can’t buy small winners, and size matters.

Not all stocks in my Oxford Income Letter portfolios are rated “A” and “B” for dividend safety. Some of them have lower ratings, and this high-yielder is a perfect example.

It lures seniors into losing large amounts of their retirement savings.