I'm Using These 2 ETFs Instead of Counting On Social Security, And You Should Too

"The double-digit inflation wrought by Bidenomics forced many to sell growth assets just to have cash to make ends meet. Shrinking buying power minimized income based investments' coverage to just basic necessities, and often falling short of even that level. But there are options, and two ETFs ( Alerian MLP ETF (NYSE: AMLP) and the Vanguard International High Dividend Yield Index Fund ETF Shares (NASDAQ: VYMI) are portoflio cornerstones that can help retirees do better than if they just relied on Social Security alone."

"The economic recovery that the Trump administration is engineering has brought inflation down significantly. The US government is identifying and eliminating rampant waste, fraud and abuse of taxpayer money, domestic business is weaning itself off of foreign dependence, and the overall economic climate is positive. While that is all good news, investors still face looming threats to the solvency of Social Security and the rebuilding of their portfolios."

"As inflation has been cut so drastically, Treasury Secretary Scott Bessent and numerous other economists anticipate another Fed rate cut. As such, interest-rate based income investments will likely see their prices go up and yields fall. Additionally, while the S&P 500's bull run still seems strongly holding its trajectory, it is clearly overweighted by the AI focused "Magnificent 7" stocks - and if concerns of an AI bubble are even partially true, may be in for a sizable correction."

Retirees experienced double-digit inflation that forced many to sell growth assets and left income investments insufficient to cover basic needs. Two ETFs, Alerian MLP ETF (AMLP) and Vanguard International High Dividend Yield ETF (VYMI), are presented as portfolio cornerstones to provide non-interest-rate income and growth. Economic recovery measures have reduced inflation and prompted expectations of another Fed rate cut. Interest-rate income investments may see price increases and yield declines, while the S&P 500 remains concentrated in AI-heavy stocks that could correct. Investors seeking income with limited AI exposure may consider AMLP and VYMI to rebuild portfolios and supplement Social Security.

Read at 24/7 Wall St.