Retired last year (65) and my wife (58) is retiring in one month. We're in the process of selling our home and will rent in the next 2-3 years as we wait for our youngest to finish college. Attached is a test portfolio investing some of the cash from the sale of our home. Portfolio Lab in Snowball Analytics shows $500,000 invested in this portfolio will earn $6000+ in monthly income. I understand this is a higher risk covered call etf portfolio strategy, purpose is pure income as we have much more diversified assets invested in other portfolios. Dividends will not be reinvested as we want the income to offset rent and expenses but also thinking of reinvesting some of the dividends as ETFs fall 1-2% below initial investment. Looking for feedback/suggestions.

This is one of the most common questions I get — and honestly, both are solid. But they're not the same fund. Here's a quick breakdown: SCHD (Schwab U.S. Dividend Equity ETF) - Focuses on high-quality dividend payers with strong fundamentals - Higher current yield (~3.5–4%) - More concentrated — top holdings carry more weight - Historically strong dividend growth + total return combo - Goes through sector reconstitutions annually (we just saw the 2026 one) DGRO (iShares Core Dividend Growth ETF) - Focuses on companies with a history of growing dividends - Lower current yield (~2–2.5%) but broader diversification - ~700+ holdings — very spread out - Tilts slightly more toward growth, lower payout ratio requirement - Less volatile during drawdowns due to diversification So which one? If you want more income now + a tighter, proven quality screen → SCHD If you want more diversification + a longer dividend growth runway → DGRO Personally, I hold SCHD as my core Bucket 2 dividend growth position. The quality screen and yield combination is hard to beat for income-focused portfolios. But I'd never fault someone for holding DGRO — or honestly, both. What do you all hold? SCHD, DGRO, or a mix? Drop it below 👇

Let me know what are some of your favorite ETFs. If it is not on the poll then leave in the comments. I will be doing more breakdowns for you guys.

This one flew under my radar for a while, but it's worth talking about. OVL (Overlay Shares Large Cap Equity ETF) is a covered call ETF with a twist. Instead of holding individual stocks or using a synthetic strategy, it actually holds VOO, the Vanguard S&P 500 ETF, as its core position. Then it sells short-dated puts on 75–100% of the portfolio to generate income on top of that. The result? A 10.49% yield with a 0.79% expense ratio, and here's the wild part, since inception in 2019, it has actually outperformed the S&P 500 in total return. Most covered call ETFs sacrifice upside for income. OVL is trying to give you both. The distributions are also mostly return of capital, which means tax-advantaged income for many investors. That's a big deal. I'm still doing my homework on this one, but it's caught my attention, and I wanted to bring it to the community because this is exactly the kind of fund worth discussing together. Drop a comment below 👇 Have you come across OVL before? Is a 10% yield on top of a VOO core something that interests you?