The Monthly Income ETFs I'd Use to Offset Social Security

Core Insights - Many individuals enter retirement with optimism but later find their income insufficient to cover expenses, largely due to overreliance on Social Security [1] - The average monthly Social Security benefit is slightly over $2,000, and there are concerns about potential future benefit cuts, highlighting the need for a backup income plan [2] Investment Opportunities - Invesco S&P 500 High Dividend Low Volatility ETF (SPHD): This ETF provides access to S&P 500 companies that offer generous dividends with low volatility, making it suitable for retirees seeking steady income [4][5] - iShares Preferred and Income Securities ETF (PFF): PFF holds a diversified portfolio of U.S. preferred shares, offering higher yields than typical dividend ETFs while distributing dividends monthly, though it is heavily weighted in the financial sector [6][7] - JPMorgan Equity Premium Income ETF (JEPI): JEPI invests in large U.S. businesses and utilizes covered calls to generate income, providing a moderate-risk option for retirees focused on predictable income rather than high growth [8][9]