Retired? 5 Stocks Yielding 5% to Buy in 2023
Retirees have had a tough job investing their money in 2022. Stocks are in an ongoing bear market, and bonds, typically considered less volatile than stocks, have had one of the worst years for the asset class in generations. What should retirees do with their money as we turn the page from 2022 to 2023?
Dividend stocks aren't a silver bullet, but they have some perks, including passive income and the upside of share price gains when the market eventually enters a new uptrend. Retirees can sprinkle some high-yield dividend stocks into a diversified portfolio, including these five stocks yielding 5% or more.
Telecommunications companies like AT&T (NYSE: T) are stable businesses; people pay their phone bills every month in both good and bad economies, and there is limited competition due to the enormous investments needed to build and maintain cellular networks. AT&T is America's largest wireless carrier, with just under 45% of the market. The company spent most of the past decade trying to get into the entertainment industry but is back to being a dedicated communications business after spinning off its entertainment assets earlier this year.
Source Fool.com
