Earn $1,000 in Monthly Retirement Dividends With 4 Easy Steps

The Social Security Administration reports the average monthly benefits payment to retirees is just a smidge over $1,500. That's not a bad start, but for most people, that's not going to cover all the bills we hope we'll be able to incur in our golden years.

The good news: It doesn't take a terribly big nest egg to add a $1,000 supplement to that monthly figure through dividends. Assuming an average yield of around 4%, a $300,000 portfolio of dividend stocks could do the job. The trick is simply putting the wheels in motion now for a better later.

To this end, here's a four-step process for maximizing your dividend income in retirement.

Source Fool.com