Don’t let this ETF’s recent weak performance deter you from considering a long-term position for its income-producing potential.
Most of Social Security’s beneficiaries are happy to collect their monthly checks, but the program isn’t providing all of the income a typical retiree needs. The average payment currently stands at a modest $1,976 per month, so a retiree needs their own savings to cover the rest of their ongoing living expenses.
The question is, how? How should someone’s retirement savings be turned into reliable passive income? Interest-bearing bonds are an obvious option, but for many people, dividend-paying stocks are at least an equally important part of the mix.
Enter the Schwab U.S. Dividend Equity ETF (SCHD -0.42%), a compelling investment that anyone looking to supplement their monthly Social Security benefits may want to…
