Sue Is 67. Her 'Pension' Is Three ETFs. It Wires Her $5,700 a Month.

"The JPMorgan Equity Premium Income ETF launched in May 2020 at approximately $50 per share and trades today near $55.96, meaning it has produced modest NAV appreciation since inception overall. This said, the fund reached prices closer to $62 in 2021 and 2022 before retreating, so investors who entered at the peak have experienced price erosion relative to their entry point. The covered call strategy that generates the income caps upside participation during strong bull"

Sue retired with a 401(k) and Social Security and chose to convert savings into steady monthly income. Her plan uses three funds totaling about $1 million: $650,000 in JPMorgan Equity Premium Income ETF, $200,000 in Schwab US Dividend Equity ETF, and $150,000 in Vanguard Short-Term Corporate Bond ETF. The portfolio targets roughly $5,694 per month deposited into checking at current yields without selling. JEPI provides most of the income due to its high yield, while SCHD and VCSH add additional annual income. The blended yield is near 6.8%, and the income is generated without withdrawals or market timing. JEPI uses a covered call approach that can limit upside participation, and its price has fluctuated since launch.

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