3 Stocks to Supplement Your Social Security Income
Social Security provides the foundation of most Americans' retirement plans, but even the Social Security Administration admits that the program doesn't provide enough for a comfortable retirement. Seniors looking for a comfortable retirement need to look beyond it to cover their costs. Traditionally, bonds have served as a key source of supplemental income for retirees. Unfortunately, even 30-year Treasury bonds are yielding only around 1.4% these days, making them a less attractive income option.
That makes dividend paying stocks a tempting choice to supplement your Social Security income. Of course, not just any dividend-paying stocks will do. As the coronavirus-related dividend suspensions remind us, dividends are not guaranteed payments. If you go this route, you'll want to focus on companies that look capable of surviving and continuing to reward investors even during this crisis. With that in mind, here are three stocks to consider when looking to supplement your Social Security Income.
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Source Fool.com
