SCHD's defensive tilt delivered 27% year to date while DGRW's tech-heavy dividend screen has returned roughly 270% over the past decade. GPIX writes call options on only 25% to 75% of its S&P 500 portfolio, preserving upside while generating roughly $4.52 per share annually. It sounds nuts, but SoFi1 is giving new Active Invest users up to $3,000 in stock for a limited time, and all it takes is a $50 deposit to get started.2 See for yourself (Sponsor) Fidelity's most recent participant data pegs the average 401(k) balance for savers aged 55 to 59 at $244,900.
For anyone who hits that milestone birthday with less than $250,000 set aside, the arithmetic of the next decade gets tight fast. Three exchange-traded funds have become common building blocks for that catch-up window: the Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD), the WisdomTree U.S.
Quality Dividend Growth Fund (NASDAQ:DGRW), and the Goldman Sachs S&P 500 Premium Income ETF (NASDAQ:GPIX). Each addresses a different problem the late saver faces. SCHD anchors the portfolio in quality dividend payers.
DGRW tilts toward the growthier end of the dividend universe, so the equity engine keeps running. GPIX layers options premium on top of the S&P 500 to raise current cash yield without abandoning market beta. Fidelity's savings guideline at this age is roughly six times salary, rising to eight times by 60, and the 2026 catch-up contribution allows an extra $8,000 on top of the $24,500 standard 401(k) limit.
What that money buys matters as much as whether it gets contributed. SoFi Active Invest is offering a limited-time promotion. Open an account, fund it with $50 or more, and you could receive up to $3,000 in complimentary stock for Active Invest accounts.
See for yourself by clicking here now. The runway from 55 to a traditional retirement age of 67 leaves about a dozen years of compounding. That is enough time for equity risk to still make sense, but not enough to weather a lost decade in a concentrated bet.
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