I used to be quite content and proud of myself for finding 7–11% Dividend Yield assets in my retirement portfolio … UNTIL!
As I was perusing Dividend.com, I came across a menu item for high yield Exchange-Traded Funds that you can add to any portfolio, including IRA’s, that generate income that is separate from your annual distribution allowances.
“For retirees who will eventually lose the ability to gain income by working, dividends are a great form of income security.” — Source: Nasdaq.com
For 2024, joint U.S. retirement contribution limit is $7,000, and if you’re over 50 years old, you can contribute up to $8,000 for the year.
What if … I told you that you can add hundreds to thousands of dollars more PER YEAR with so-called Covered Call ETF’s, and that these ETF’s pay out their cash dividend … MONTHLY!!! :)
These ETF’s generate income by…
