"The average monthly Social Security benefit today is only a little more than $2,000. Granted, you may have a larger monthly benefit coming your way if you earn above-average wages. But Social Security is also facing the possibility of benefit cuts in the future. So before you start counting on getting your money in full, you may want to have a backup plan."
"If you're chasing the largest monthly return you can get, the Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) probably isn't for you. Because the fund applies a low-volatility filter when choosing investments, it limits its upside. But what SPHD gives you instead is access to companies within the S&P 500 that pay generous dividends without marked swings. That could give you access to steady, predictable income in retirement when you need it the most."
Many retirees discover their income falls short because of overreliance on Social Security. The average monthly Social Security benefit is only a little more than $2,000, and benefits could face cuts in the future. Preparing a backup plan and creating supplemental retirement income is advisable. Three ETFs that pay monthly distributions can help supplement Social Security. The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) targets S&P 500 companies with generous dividends and lower volatility to provide steady income. The iShares Preferred and Income Securities ETF (PFF) holds diversified U.S. preferred shares that distribute collected dividends to investors monthly, offering higher yield potential.
Read at 24/7 Wall St.
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