1. Retirees can significantly increase their income by selling shares of Schwab U.S. Dividend Equity ETF™ (SCHD), potentially exceeding the 4% rule; 2. The SCHD ETF offers a conservative approach and favorable valuation, making it a solid choice for U.S. equity in a retiree's portfolio; 3. Managing sequence risk is crucial, and a diversified portfolio with defensive stocks, bonds, gold, and international equities can mitigate recession impacts.