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).
Source: Motley Fool
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- High-Yield, High-Return Investments To Increase Income While Waiting On Dividend Growth
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- The Most Dangerous Investment
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