How to Earn $10,000 a Year in Passive Retirement Income

Most people would probably agree that it's pretty sweet to see cash trickle into your account every quarter, especially if you didn't need to sell your labor to make it happen. As it turns out, generating passive income in retirement is a lot easier than it sounds, assuming you invest in the right high-quality dividend stocks.

But what are the things to look for in a potential passive income investment, and which companies are likely to fit the bill for many years to come? Let's dive in and take a look.

The first order of business is picking a stock that pays dividends and will continue to pay them at the same (or higher) rate for the foreseeable future. In this vein, shares of a major healthcare stock like AbbVie (NYSE: ABBV) are quite attractive for passive-income investors because such companies tend to have a history of consistently distributing dividends and of hiking their payouts repeatedly over long periods.

Source Fool.com