If you're largely done working for a living and are now looking to your nest egg to provide the money to cover your expenses, a diversified portfolio of dividend-paying stocks could do the job. However, there may be a simpler, safer solution: dividend-oriented exchange-traded funds (ETFs). Beyond the fact they can rapidly provide you with more diversification than you typically could achieve by picking stocks on your own, owning these funds will also let you focus on enjoying your golden years without the need to keep constant tabs on your portfolio.
Here are three great dividend ETFs that current and future retirees should consider.
Not that you have to -- or should -- limit yourself to a single dividend-focused exchange-traded fund, but if you wanted to own just one, the iShares Select Dividend ETF (NASDAQ: DVY) is the one.
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These 3 Dividend ETFs Are a Retiree's Best Friend