mimagephotography and Nastassia Samal from Getty Images As retirees transition from accumulating wealth to living off it, the most challenging aspect can be moving from a steady paycheck to a fluctuating portfolio. It's often difficult to make this transition, especially if you have relied on and planned for a biweekly income to pay your bills for decades. Quick Read The Amplify CWP Enhanced Dividend Income ETF offers a 4.55% yield and uses covered calls on large-cap stocks to generate income while ca ...

As retirees transition from accumulating wealth to living off it, the most challenging aspect can be moving from a steady paycheck to a fluctuating portfolio. It's often difficult to make this transition, especially if you have relied on and planned for a biweekly income to pay your bills for decades. The good news is that the financial landscape has evolved to offer a "paycheck replacement.†The goal here is simple in that you want to have a reliable income every month that doesn't force you to sell assets, ...