3 Stocks to Supplement Your Social Security Income
For most Americans, Social Security alone isn't enough to cover their living costs in retirement. So, it's essential to find ways to supplement that income, such as through a pension, taking a part-time job, or buying a rental property. Another option is to invest in dividend-paying stocks, which have the potential to pay a growing stream of passive income. Three worth considering are W.P. Carey (NYSE: WPC), Enbridge (NYSE: ENB), and Brookfield Renewable Partners (NYSE: BEP).
While investing in real estate is a great way to earn some extra income, it's not passive unless you hire a property manager. That's why real estate investment trusts (REITs) like W.P. Carey can be a great alternative. These entities own and manage a pool of real estate on behalf of investors and distribute the bulk of the income back each quarter, which makes it a truly passive investment.
Image source: Getty Images.
Source: Fool.com
W.P. Carey Inc. Stock
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the W.P. Carey Inc. stock is not clear.
With a target price of 72 € there is a slightly positive potential of 14.8% for W.P. Carey Inc. compared to the current price of 62.72 €.
