When you are building a nest egg, growing your portfolio is top of mind. But as you get closer to retirement, you'll start thinking about living off your savings.

That shifts your focus to capital preservation and dividends. If you're making that shift, then you'll want to look at Texas Instruments (NASDAQ: TXN), Realty Income (NYSE: O), and Exxon Mobil (NYSE: XOM), a trio of dividend stocks that can create a lifetime of passive income.

Texas Instruments is one of the largest chipmakers, but it doesn't actually do anything fancy. What it makes are largely very simple microchips that help transform real-world inputs (for example, pushing a button) into digital signals.

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Source Fool.com