Nearing Retirement? These Stocks Will Pay You for Life

Earning income from assets has become an increasing challenge for retirees. Ultra-low interest rates make many options that they might have turned to in the past unworkable today.

However, dividend growth stocks could provide the answer. While dividend payments are usually optional, confidence in a stock may rely on a rising dividend, dramatically reducing the likelihood of a payout cut.

Moreover, not only do some dividends match Fidelity's 4% to 5% recommended withdrawal rate, but they also offer the payout that growth investors need without reducing principal. Magellan Midstream Partners (NYSE: MMP), Realty Income (NYSE: O), and Verizon Communications (NYSE: VZ) are three such stocks that could fund a sustainable retirement.

Source Fool.com