2 Dividend Stocks to Supplement Your Social Security
Results from some of the latest surveys about financial security in retirement suggest an increasing concern among Americans. Take, for example, a November survey by retirement website SimplyWise that found that 43% of Social Security beneficiaries worry about outliving their retirement savings, up from 38% in its May survey. The November survey also found 74% of current workers expect to work in retirement -- up from 65% back in May. The report also found the coronavirus pandemic, which has resulted in financial hardships for many, has forced a growing number of Americans -- 28%, according to SimplyWise -- to cut back on their retirement savings.
These trends all point to the need for additional income in retirement. While some might turn to budget-cutting or finding a part-time job, current and future retirees with investment portfolios may be overlooking the potential of company stocks that pay dividends. A good dividend stock can put some real money in your pocket on a quarterly (or occasionally monthly) basis. Here are two of the best you might want to investigate further.
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Source Fool.com
