There are a lot of retirees out there who think putting their money into the SPDR S&P 500 ETF and “chill” is the best way to go. Other investors know that looking at dividend funds like Schwab U.S.

This strategy works for investors with 7-to-15 year horizons willing to live on 1-2% yields today, but fails for retirees needing immediate cash flow regardless of dividend growth. Are you ahead, or ...