Advisors Recommend These Funds For Income-Hungry Investors, Even Amid Pandemic

Featured on Investor’s Business Daily

By PAUL KATZEFF

With or without a coronavirus pandemic, many investors still want income — especially retirement income — from their portfolios. The trouble is that it's harder than ever to milk yield from securities without taking on lots of risk.

Interest rates remain at rock bottom.

To help investors who are looking for retirement income, we've got recommendations of income-oriented funds from top financial advisors, tailored for today's perilous environment. These are mutual funds and ETFs that provide retirement income that's above what you can expect from a popular, broad market benchmark.

And the advisors see these funds as relatively low risk at this time.

Each offers yield at least 50% higher than what you can get from SPDR S&P 500 ETF (SPY). SPY's 30-day SEC yield is 1.99%, as of Thursday, according to Morningstar Direct. Its expense ratio is 0.09%.