These 3 Dividend ETFs Are a Retiree's Best Friend

If you're looking for passive income in retirement, dividend stocks are a solid bet. Investing in companies with a track record of steadily increasing dividend payments can mitigate the effects of inflation. Plus, companies that have a long track record of dividend payments usually have strong balance sheets, making them good picks for a retiree's investment portfolio.

But relying on just a few stocks for dividend income is risky. Individual companies can reduce their dividend payments or nix them altogether if they fall on tough times. Investing in dividend ETFs, or exchange-traded funds, is a much safer bet. With a single investment, you can invest in dozens or even hundreds of dividend-paying stocks, spreading out the risk and diversifying your investment.

Let's take a closer look at three dividend ETFs that have the potential to make your retirement richer.

Source Fool.com