3 Stocks to Supplement Your Social Security Income

3 Stocks to Supplement Your Social Security Income

For most Americans, Social Security alone isn't enough to cover their living costs in retirement. So, it's essential to find ways to supplement that income, such as through a pension, taking a part-time job, or buying a rental property. Another option is to invest in dividend-paying stocks, which have the potential to pay a growing stream of passive income. Three worth considering are W.P. Carey (NYSE: WPC), Enbridge (NYSE: ENB), and Brookfield Renewable Partners (NYSE: BEP).

While investing in real estate is a great way to earn some extra income, it's not passive unless you hire a property manager. That's why real estate investment trusts (REITs) like W.P. Carey can be a great alternative. These entities own and manage a pool of real estate on behalf of investors and distribute the bulk of the income back each quarter, which makes it a truly passive investment. 

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Source: Fool.com