Retirees Rely On These 5 Safe High Yield Monthly Pay Dividend Stocks

Core Insights - The article discusses the shift in investment preferences among Baby Boomers and older Generation X investors towards capital preservation and reliable income, favoring dividend-focused ETFs over high-growth stocks [1][2] Investment Strategy - Investors are seeking steady income without significant capital risk, particularly as the oldest Boomers turn 80 this year [1] - The strategy aims for a total return of 5% to 8% annually through a combination of dividends and moderate price appreciation to stay ahead of inflation [1] Recommended ETFs - The article highlights five dividend-focused ETFs suitable for retirement income: 1. Schwab U.S. Dividend Equity ETF (SCHD) - Known for its reliability, though it does not offer a high yield [1] 2. Vanguard High Dividend Yield ETF (VYM) - Features low expense fees, with dividends in the high 2% range [1] 3. ProShares S&P 500 Dividend Aristocrats ETF (NOBL) - Comprises quality S&P 500 companies that have raised dividends for at least 25 consecutive years [1] 4. iShares Core Dividend Growth ETF (DGRO) - Offers a safe dividend around 2.35% [1] 5. SPDR S&P Dividend ETF (SDY) - Provides a dividend yield of 2.5% to 3% with potential for growth [1] Market Context - The article emphasizes the importance of low-cost, low-risk funds for retirees, as many are looking for investments that provide both passive income and modest growth [1][2]