Retiring Soon? Why High-Yield ETFs Are Just as Important as Social Security

Core Insights - The article emphasizes the importance of developing a Social Security filing strategy as individuals approach retirement age, highlighting that both personal wage history and filing age significantly influence monthly benefits [2][3] - It points out that Social Security is designed to replace only about 40% of pre-retirement income, while most seniors require 70% to 80% to maintain a comfortable lifestyle, indicating the need for additional income sources [4][5] High-Yield ETFs - High-yield ETFs are presented as a viable investment option to supplement retirement income, focusing on generating above-average income through diversified holdings [6] - These funds offer consistent and predictable payments, which are crucial for retirees relying on investment income, and can provide income stability even during unfavorable market conditions [7] - The combination of Social Security benefits and high-yield ETFs is suggested as a strategy to support a desired retirement lifestyle [8]