Dividends4Life: Retire Rich: 2 High-Yield Dividend Stocks You Can Set and Forget

Generally speaking, the higher the yield, the higher the risk involved. Since yield is a function of share price, a failing business model with a declining share price can trick income seekers into buying a lemon. In short, we want high-yield dividend stocks to buy (i.e., those with 4%-plus yields), but with as little risk as possible. If your goal is to retire rich, or simply continue to compound the wealth you've already accrued during retirement, here are three high-yield (and diverse) dividend stocks you can practically set in your portfolio and forget about for a long time...

As someone who began investing right as the dot-com bubble was getting its legs, I can attest that just saying the name "AT&T" (NYSE:T) makes me want to shut my eyes and fall asleep. If you want to power your portfolio into retirement without having to do much of anything, then perhaps electric and gas utility Duke Energy (NYSE:DUK) is the stock you should consider buying.

Source: Motley Fool

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