JEPQ's ~14% yield requires only $351,000 to double the average Social Security check, while JEPI's 7.6% yield demands $650,000 for the same target. PFFA's preferred-stock income is driven by credit and interest rates, not equity volatility, making it the most diversifying addition for investors with existing stock exposure. 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) The average retired worker collects roughly $2,071 a month from Social Security after the 2.8% cost-of-living adjustment that took effect in January.
Doubling that check means producing about $4,142 a month, or close to $49,700 a year, from a separate income stream. Three monthly-paying ETFs stand out as candidates to shoulder that work: JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI), JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ), and Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA).
Each fund delivers income through a different mechanism. JEPI and JEPQ sell index call options on top of equity portfolios and pass the premium through as monthly distributions. PFFA holds preferred securities and layers on borrowed capital to boost the payout.
The result is three very different yield levels, three very different principal requirements, and three very different risk profiles for anyone trying to match or exceed a Social Security check. A defensive basket of U.S. large caps is what JEPI pairs with an equity-linked note that writes out-of-the-money S&P 500 calls. The equity sleeve is deliberately lower volatility than the index itself, and the call overlay converts market choppiness into cash flow.
The top ten positions are diversified across sectors, led by Broadcom at 1.8%, Ross Stores and Amazon at 1.7% each, and names like Apple, Alphabet, NVIDIA, Eaton, AbbVie, and EOG Resources. No single holding tops 2%, which keeps single-stock risk contained. 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. At a recent price near $58, the fund pays roughly $4.40 per share on an annualized forward basis, which works out to a yield of about 7.6%.
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