Earn $500 in Monthly Retirement Dividends in 6 Easy Steps
In today's low-interest-rate environment, retirees are increasingly looking for stock dividends as a source of income to cover their costs. With stock yields often sitting higher than the interest payments on investment grade bonds, such a move can be tempting. Dividend investing comes with a risk, though: Companies can cut their dividends when the going gets tough, and when a company cuts its dividend, its stock often falls as well.
To improve your chances of having that income come in consistently, you need to look beyond the headline yield numbers when building your portfolio. The good news, though, is that you can still follow a fairly straightforward process to get there. If you want to earn $500 in monthly retirement dividends, these six easy steps can get you well on your way down that path.
Image source: Getty Images.
Source Fool.com
