This whole notion seems bizarre to us. We live in a world where women are just as likely to have a career as men, and if they do, they may very well make more money. If your spouse died in the 1950's, however, you had almost no chance of replacing the full value of his income for your family. That's why income investing was such an important discipline that every trust officer, bank employee, and stock broker needed to understand. Those days are gone. After all, when was the last time you heard AT&T referred to as "a widow's stock", which could have very well been it's second name a generation or two ago.
Today, with the pension system going the way of the dinosaur and the wildly fluctuating 401(k) balances plaguing most of the nation's working class, there has been a surge of interest in income investing and how you can structure your assets to bring in passive income. In the next few pages, you'll learn the type of assets you may want to buy if you think income investing is right for you.