If You're Retired, Consider Buying These 3 Stocks

If You're Retired, Consider Buying These 3 Stocks

One thing many retirees want is an income stream that they can count on to get them through their golden years. While pensions, Social Security, and annuities are the usual go-to options for retirement income, retirees shouldn't overlook dividend-paying stocks. That's because, unlike those fixed-income sources, dividends tend to increase as a company's profits grow, which can help offset inflation as well as unexpected expenses. Three excellent options worth considering are General Electric (NYSE: GE), Kinder Morgan (NYSE: KMI), and Brookfield Property Partners (NYSE: BPY).

GE has paid dividends to shareholders for more than a century, though the company did slash its payout during the financial crisis as well as the Great Depression to stay afloat. That said, GE quickly restarted dividend growth both times and currently yields a generous 3.96%. While that payout does consume a significant portion of the company's cash flow, due in part to challenges in some of its business lines, it appears to be secure.

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Source: Fool.com