The average Social Security payment comes out to roughly $1,400 a month. That might not sound too bad, assuming you've stashed away some funds for your nonworking years. However, expenses can add up quickly and having other sources of income is key to getting the most out of your retirement.
Besides owning bonds and income-generating assets like real estate, retirees should consider building a portfolio of reliable, dividend-paying stocks that can provide another source of cash. Within that mold, AT&T (NYSE:T), Realty Income (NYSE:O), and Hanesbrands (NYSE:HBI) stand out as top investment vehicles to supplement your Social Security income.
Source: Motley Fool
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- 3 Low Beta, Higher Yielding Dividend Stocks For The Next Downturn
- 6 High-Yield REITs With Growing Dividends
- 26 Income Securities For A Well-Rounded Asset Allocation
- 5 Small/Mid-Cap Dividend Growth Stocks Answering The Call
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