3 Top Dividend Stocks to Maximize Your Retirement Income

Strange but true: seniors fear death less than running out of money in retirement. And unfortunately, even retirees who have built a nest egg have good reason to be concerned - with the traditional approaches to retirement planning, income may no longer cover expenses. That means retirees are dipping into principal to make ends meet, setting up a race against time between dwindling investment balances and longer lifespans.

Here are three dividend-paying stocks retirees should consider for their nest egg portfolio: Alliance Resource Partners, L.P. (ARLP) is currently shelling out a dividend of $0.7 per share, with a dividend yield of 13.4%. East West Bancorp (EWBC) is paying out a dividend of $0.48 per share at the moment, with a dividend yield of 3.71%. Currently paying a dividend of $0.2 per share, OceanFirst Financial (OCFC) has a dividend yield of 5%.

Source: Zacks

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