"The more passive income can help cover rising costs, such as mortgages, insurance, taxes, and other expenses, the easier it is for investors to set aside money for future needs as they prepare for or begin retirement. Dependable recurring monthly dividends from quality, high-yield ETFs are a recipe for success. In a world of rising albeit slower prices, they make sense for Baby Boomers looking to supplement their income."
"This massive fund has raised billions since its inception in 2020 and is run by top portfolio managers at JPMorgan. JPMorgan Equity Premium Income ( NYSEArca: JEPI) holds about 125 stocks, including major tech names, making it ideal for those seeking higher income with reasonable risk. The fund seeks to achieve this objective by creating an actively managed portfolio of equity securities significantly comprised of those included in the fund's primary benchmark, the Standard & Poor's 500 Total Return Index (S&P 500 Index)."
Exchange-traded funds (ETFs) trade on major exchanges like stocks and hold assets such as stocks, bonds, currencies, debt, futures contracts, and commodities. Dependable passive income from high-yield, monthly-paying ETFs can help cover rising costs like mortgages, insurance, taxes, and other expenses while enabling savings for future needs in retirement. A 24/7 Wall St. ETF research database screening identified five top funds that share high monthly dividend payouts, discounts to net asset value, management by major Wall Street firms, and reasonable expense ratios. JPMorgan Equity Premium Income (JEPI) holds about 125 stocks and uses equity-linked notes and call-option strategies. Another JPMorgan Nasdaq Equity Premium Income ETF offers higher yield with greater technology exposure.
Read at 24/7 Wall St.
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