Most Social Security beneficiaries rely on monthly payments, but the average amount of $1,976 falls short of covering all expenses. Schwab U.S. Dividend Equity ETF offers a 4% dividend yield, tracking 100 high-quality dividend stocks with a 10-year payout history and low P/E ratio. Despite underperforming the S&P 500, it provides stable income for retirees.

While the ETF may not include high-growth AI stocks, it offers stable dividends and value stocks. Morningstar analyst David Sekera suggests that value stocks remain undervalued and provide higher dividend yields in an increasingly overvalued market. The ETF’s payout has steadily increased over time, offering less volatility compared to the broader market.

The Schwab U.S. Dividend Equity ETF could be a valuable asset for retirees seeking to supplement their income. With a focus on stable dividend payers and value stocks, the fund provides consistent income while exposing investors to less market volatility. This could be particularly beneficial for those looking to boost their retirement income.

For individuals behind on retirement savings, learning Social Security secrets could increase annual income by as much as $23,760. By maximizing benefits, retirees can gain confidence and peace of mind in their retirement plans. Join Stock Advisor to uncover these strategies and secure a more financially stable future.

Read more at Yahoo Finance: Could an Investment in SCHD Help Supplement Social Security Income in Retirement?