These 2 Dividend ETFs Are a Retiree's Best Friend

While investing styles may vary, often depending on your financial situation, there are a few must-have characteristics that apply to any retiree's portfolio. Diversity and steady income rank near the top of that list.

A dividend-oriented exchange-traded fund (ETF) accomplishes both goals with one purchase, immediately delivering a basket of income investments that can act as a steadying force in your portfolio. Yet, unlike less volatile investments such as bonds and CDs, these ETFs also have the potential to deliver significant capital gains.

Let's look at two attractive options from the universe of dividend ETFs: the Vanguard High Dividend Yield ETF (NYSEMKT: VYM) and the SPDR S&P Dividend ETF (NYSEMKT: SDY).

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Source Fool.com