From 24/7 Wall St. · Ryne Mauck · · 1m 10s
Retirement Paycheck Replacement ETFs
Four ETFs rebuild monthly income after retirement payroll stops.
In brief
Four ETFs rebuild monthly income after retirement payroll stops. Retired investors can use four ETFs to replace lost payroll income with monthly distributions. Originally reported by 24/7 Wall St..
Retirement Paycheck Stops
Payroll ends the moment you retire, and nothing automatically replaces it.
Four ETFs Replace Paycheck
The Amplify CWP Enhanced Dividend Income ETF, JPMorgan Nasdaq Equity Premium Income ETF, ProShares S&P 500 Dividend Aristocrats ETF, and Vanguard Mortgage-Backed Securities ETF rebuild monthly income.
Distribution Timing
DIVO pays monthly, JEPQ and VMBS pay early November, NOBL pays late December.
Hold Cash Before Distributions
Keep cash to cover bills until distributions arrive from the four ETFs.
DIVO Pairs Dividend Payers With Options
DIVO uses call options on dividend payers to generate income, with $7.2 billion in assets.
JEPQ Draws Tech-Heavy Growth Income
JEPQ uses tech stocks and equity-linked notes to generate monthly distributions.
NOBL Targets Growing Income
NOBL tracks dividend-boosting companies with long histories of dividend growth.
VMBS Adds Bond Interest
VMBS provides monthly bond interest with a 0.03% expense ratio.
Risks of These ETFs
Distributions vary, and these funds don't protect against market losses.
In short
Retired investors can use four ETFs to replace lost payroll income with monthly distributions.
