While it might be higher on the risk scale, one exchange traded fund (ETF) to consider that focuses on dividends is the Vanguard High Dividend Yield Index Fund ETF Shares (VYM). With rising inflation, retirees relying on passive income sources have to re-strategize in order to keep pace with or hopefully outpace increased consumer prices. While economic uncertainty remains, especially with recession forecasts looming large, retirees can rely on companies with strong balance sheets that have a consistent history of dividend payments.