The fact is, however, that the average Social Security check just isn't all that big. The Social Security Administration reports that in 2020, the average monthly payment for retirees is $1,544. That's a decent start, but it won't fully fund the sort of retirement lifestyle most of us envision. Fear not. A trio of hand-picked dividend stocks can readily and reliably supplement your monthly Social Security income and get you closer to where you want to be income-wise. Here's a closer look at each.
It's more than a familiar name. Bank of America (NYSE:BAC) is the nation's second-biggest bank, as measured by assets, boasting 66 million customers and a network of around 4,300 branches. The company does a little of everything, from consumer lending to brokerage to institutional investing. It's another name that doesn't need much of an introduction. Verizon (NYSE:VZ) is the biggest wireless name in the U.S., with Comscore reporting the company controls 31% of the market. That's 94.6 million connections, with 368,000 of them brought into the fold just last quarter. Finally, add Texas Instruments (NASDAQ:TXN) to your list of stocks that can help retirees produce more spendable income.
Source: Motley Fool
Related Articles:
3 Stocks to Supplement Your Social Security Income
Posted by D4L | Friday, September 03, 2021 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
Long-term investors know that dividends can have a major impact on returns over time. When the stock market is struggling to make gains like...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
We decided to go on a hunt for quality stocks that for one reason or another have been buried, and not just this year. We found three incred...
-
Buy and hold ... forever? It's a tall order, but a select few companies are potentially up to the task. You can build a wealth-compoundi...
-
Does the high interest rate environment we're living in have you feeling down? Here's something to remember that can help you turn t...
-
Dividend stocks can be consistent market-beaters. However, empirical research shows that the best dividend stocks tend to generate better-th...
-
High-quality dividend stocks are always worth loading up on. This is doubly true for companies that offer shareholders an attractive mix of ...
-
Some dividend-paying companies have seen their financials struggle over the years. These companies become vulnerable to dividend cuts which ...
-
Essentially, we’re looking for more Apples – tech firms with a large market cap (at least $1-billion) and the financial means necessary to p...
-
Numerous high-quality dividend opportunities are up for grabs at the moment, which may be appealing to some investors given the uncertainty ...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.