3 Dividend Stocks Ideal for Retirees
Just about all of us need regular income with which to survive. Most of us have that covered via our jobs, but retirees, by definition, are largely post-job. They still need income, though. Some will have substantial pension income, but not many -- as pensions have been going away for decades. Most of us will have Social Security income, but that's not going to provide a comfortable retirement for many: The average monthly Social Security retirement check was recently just $1,544, or about $18,500 per year.
Fortunately, if you have socked away and invested money over the years, you can park much of it in dividend-paying stocks, which will deliver welcome income. A $300,000 portfolio with an overall average dividend yield of 4%, for example, will deliver $12,000 annually, or about $1,000 per month. A $600,000 portfolio? $2,000 per month.
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Source Fool.com
