3 Stocks to Supplement Your Social Security Income
Whether you're working towards retirement or have already reached that point, investing is a great way to set your future self up for some pay raises. Inflation, which makes the cost of living increase over time, is a never-ending problem, and Social Security can only go so far toward paying the bills. Getting a pay raise once in a while isn't a luxury in retirement -- it's essential!
Investing in stocks, especially those with histories of boosting their dividends over time, can help in a big way. Three quality businesses that can supplement Social Security income both now and later are Comcast (NASDAQ: CMCSA), Broadcom (NASDAQ: AVGO), and Apple (NASDAQ: AAPL). Let's find out a bit more about these companies.
Cable communications giant Comcast is a dividend machine. Adjusted for a 2-for-1 stock split back in 2017, the company's quarterly payout has increased some 340% over the last decade -- including a 9% hike in the dividend to kick off 2021. Not bad considering the pandemic-fueled recession of 2020 put a damper on some areas of the media conglomerate's business.
Source Fool.com
