JEPQ, DGRW, and JAAA together can convert a $250,000 life insurance lump sum into monthly deposits that replicate a working spouse's paycheck.
A $100,000 JEPQ allocation buys roughly 1,695 shares at $59, generating $8.46 annualized per share in monthly income with 18% yearly price gains.
JAAA's AAA-rated CLO holdings pay $2.70 per share annually with near-zero volatility, acting as the stable floor when equity markets drop.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Six weeks ago, the insurance company wired $250,000 into your checking account, and there it sits, earning almost nothing while you try to remember what day it is. That is fine. Life insurance death benefits are generally income-tax-free to the beneficiary, and no rule says grieving people have to make portfolio decisions on a schedule. When you are ready, though, three funds can turn that lump sum into a monthly deposit that behaves a lot like the paycheck your spouse used to bring home: JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ), WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW), and Janus Henderson AAA CLO ETF (NYSEARCA:JAAA).
#life
A $100,000 JEPQ allocation buys roughly 1,695 shares at $59, generating $8.46 annualized per share in monthly income with 18% yearly price gains.
JAAA's AAA-rated CLO holdings pay $2.70 per share annually with near-zero volatility, acting as the stable floor when equity markets drop.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Six weeks ago, the insurance company wired $250,000 into your checking account, and there it sits, earning almost nothing while you try to remember what day it is. That is fine. Life insurance death benefits are generally income-tax-free to the beneficiary, and no rule says grieving people have to make portfolio decisions on a schedule. When you are ready, though, three funds can turn that lump sum into a monthly deposit that behaves a lot like the paycheck your spouse used to bring home: JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ), WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW), and Janus Henderson AAA CLO ETF (NYSEARCA:JAAA).
#life
2 months ago
