<div id="readability-page-1">Why yields matter: Treasury yields above 5% give retirees risk-free income options not seen in nearly two decades. ETF income appeal: High-yield and covered-call ETFs offer payouts above 4%, but come with trade-offs in growth and risk. Caution over overhaul: Advisers recommend small, tactical shifts rather than wholesale portfolio changes based on current rates.</div>

SPHY

USHY

XYLD

<p>Rising Treasury yields above 5% provide retirees with risk-free income options not available for nearly two decades. High-yield and covered-call ETFs offer over 4% payouts but involve trade-offs in growth and risk. Advisers suggest making small, tactical adjustments rather than major portfolio overhauls in response to current rates.</p>

SPDR Portfolio High Yield Bond ETF

iShares Broad USD HY Corporate Bd

Global X FDS S&P 500 Covered Call ETF

ISHRS Us Trsry Bd

iShares iBoxx  HY Corp Bd

iShares Core US Aggregate Bd

Global X Nasdaq 100 Covered Call ETF

SPDR Bloomberg High Yld  Bd ETF

iShares 0-3 Month Treasury Bond ETF

iShares Barclays 1-3 Yr Treasury

iShares barclays 20+ Yr Treasury Bd

Rising bond yields challenge retirees to rethink income mix