If You're Retired, Consider Buying These 2 High-Yield Stocks

If You're Retired, Consider Buying These 2 High-Yield Stocks

Income generation becomes even more important in your portfolio once you're retired. The big goal, of course, is to supplement your Social Security while outdistancing the ravages of inflation. Finding investments that achieve this can be hard, but don't give up hope. Magellan Midstream Partners, L.P. (NYSE: MMP) and ONEOK, Inc. (NYSE: OKE) are two high-yield stocks you should consider buying today. Here's why.

Magellan Midstream Partners is a large midstream oil partnership that owns pipeline and storage assets. Roughly 85% of its revenue is driven by fees, which means it's getting paid for the use of its assets. The price of the oil and other commodities that Magellan handles aren't the driving force -- demand is. So the partnership's business tends to be pretty stable.   

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Source: Fool.com