The article discusses an investment strategy focused on creating a high dividend yield portfolio while mitigating tax concerns for retirees. By investing in business development companies, midstream MLPs, and real estate investment trusts structured as pass-through entities, investors can avoid corporate and individual taxes on dividends. Placing these assets strategically in Roth and taxable accounts, and holding them until death, can render distributions tax-free for heirs. The recommended stocks include Morgan Stanley Direct Lending Fund, Blue Owl Corporation III, Blackstone Secured Lending Fund, Enterprise Products Partners, Energy Transfer, MPLX, W.P. Carey, Realty Income, and Mid-America Apartment Communities. While not solely focused on total returns, the portfolio yields an attractive 7.8% and offers solid dividend growth, providing a balanced income stream for retirement. The diverse asset classes also provide a defensive mix, with potential growth and inflation-hedging attributes.