Passive income when you're no longer actively working is anchored for many by their Social Security draw. But for the average retiree, that's only $1,844.76 a month, according to November 2023 figures from the Social Security Administration.

For most folks, that means relying on other income sources, including the dividends you can generate from your stock investments. I'm an average retiree myself, and I've amassed a modest collection of real estate investment trusts (REITs) in my stock portfolio over the past few years just for that purpose.

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Source Fool.com