JPMorgan

A 71-year-old retiree is drawing about $3,150 a month in income from a single investment, the JPMorgan Nasdaq Equity Premium Income ETF, known as JEPQ. The item highlights how covered-call income funds have become a popular way for retirees to generate steady monthly cash flow, and it is prompting discussion about whether relying on one high-yield fund is a sound retirement strategy.