Those of us who are approaching or entering retirement are likely thinking harder than ever about income. Social Security is great, but as of June, the average monthly retirement benefit was just $1,918 — about $23,000 for the year.
One excellent source of retirement income is dividends. Dividend-paying companies are not wimpy compromises you might invest in instead of growth stocks. They actually tend to perform well!
But if you’re not comfortable studying and selecting individual stocks, consider opting for ETFs (exchange-traded funds) — instead of or in addition to individual stocks. Here are nine ETFs that offer income.
This post originally appeared at The Motley Fool.