These 3 Dividend ETFs Are a Retiree's Best Friend
If you're already retired -- or at least approaching that time of your life -- generating spendable income is probably on your mind. And rightfully so. Although your spending needs typically fall once you're no longer working, the average retiree still needs around three-fourths of their pre-retirement income. Social Security payments aren't likely to cut it alone (and were never intended to do so), even for people augmenting that income with pension checks. It's up to your investments to make up the difference. Most retirees turn to dividend stocks to do so, which of course are riskier than more reliable bonds.
This challenge is going to be even tougher in the foreseeable future, now that inflation is starting to ramp up.
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Source Fool.com
