3 Income Stocks Perfect for Retirees
In today's low-interest-rate environment, it's virtually impossible for retirees to earn enough income from traditional sources such as bonds and CDs to cover their costs. That leads many to seek out riskier assets such as dividend-paying stocks for income from their portfolios. But there's a major problem with that approach: Dividends are never guaranteed payments, and when a company cuts its dividend, its share price often drops, too.
As a result, when retirees are looking for income-producing stocks, they need to look beyond just the reported dividend yield and at the quality and supportability of that dividend. There are still no guarantees when it comes to dividends, but these three income stocks are perfect for retirees to consider when looking for potential income sources from their portfolios.
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Source Fool.com