3 Dividend Stocks for Retirement
According to Bankrate, the average interest rate on a checking account these days -- for those that pay interest -- is less than 0.5%. A 10-year U.S. Treasury bond will pay out 2.3%, while the average stock on the S&P 500 is paying even less than that -- not even 2.1%. How is a Fool supposed to retire on such meager yields?
The good news is that you don't have to. While the average stock may pay only 2.1%, many dividend stocks are much more suitable for financing a comfortable retirement. To help you find them, we've asked three of our investors to offer up their favorite dividend stock ideas for retirement. They picked AT&T (NYSE: T), Johnson & Johnson (NYSE: JNJ), and Kohl's (NYSE: KSS).
Which pile of dividends would you prefer to retire on? Image source: Getty Images.
Source: Fool.com
AT&T Inc.. Stock
AT&T Inc.. is currently one of the favorites of our community with 16 Buy predictions and no Sell predictions.
As a result the target price of 18 € shows a slightly positive potential of 12.82% compared to the current price of 15.95 € for AT&T Inc...
