In addition to drawing down on your savings accounts, one way to meet your need for a steady flow of income after you stop working full time is to invest in dividend stocks. By owning equities that pay healthy dividends, you can guarantee that there'll be additional cash flow every month or quarter to supplement your Social Security payments. Here are three of my favorites.
Waste Management (NYSE: WM) administers the largest trash collection and disposal business in the country, and is also the largest collector of recyclables. If you're looking for nice, juicy dividends, AbbVie (NYSE: ABBV) is worth a gander. My final choice is not a stock, but rather, a basket of stocks in the form of an exchange-traded fund. The Pro Shares S&P 500 Dividend Aristocrats ETF (NYSEMKT: NOBL) holds all 66 of those elite S&P 500 companies that have increased their dividends annually for 25 consecutive years.
Source: StarHerald.com
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