"The popularity of exchange traded funds (ETFs) has exploded in the past decade, and every generational cohort can take advantage of these user-friendly assets. Baby boomers, who were born between 1946 and 1964 and will be 62 to 80 years of age this year, should consider owning one or more ETFs to round out their portfolios. High-yield dividend ETFs can significantly boost a baby boomer's income-generating potential, but it's important to be selective."
"We're talking about well-established dividend distributors like Verizon ( NYSE:V), PepsiCo ( NASDAQ:PEP), and General Mills ( NYSE:GIS). From consumer goods to real estate, telecommunication, utilities, financials, and more, you'll get immediate portfolio exposure to a slew of sectors with the SPYD ETF. Furthermore, you won't have to deal with exorbitant management fees as the SPDR Portfolio S&P 500 High Dividend ETF has an annual expense ratio of only 0.07%."
Exchange-traded funds (ETFs) grew rapidly over the past decade and suit investors across generations. Baby boomers (born 1946–1964) can use ETFs to round out retirement portfolios and boost income. High-yield dividend ETFs can significantly increase income but require careful selection to avoid excessive capital risk. The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) narrows the S&P 500 to 80 higher-yielding stocks and focuses on established dividend payers. Holdings include Verizon, PepsiCo, and General Mills, spanning consumer goods, real estate, telecommunications, utilities, and financials. SPYD carries a low 0.07% annual expense ratio.
Read at 24/7 Wall St.
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