High-yield passive-income plans face tax and sequence-risk tests
Dividend and retirement examples continue promoting 5%-plus income targets, but zero-bond portfolios, covered-call ETFs, REITs, BDCs, and variable distributions can increase volatility and payout risk. Recent dividend and REIT comparisons reinforce the need to assess coverage, leverage, valuation, taxes, liquidity, and account placement rather than yield alone.
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Updated Oct 14, 2026