If you want to secure sources of passive income that can fuel your retirement dreams, there are a lot of ways to make it happen. Buying rental properties is one of the most popular options, but the responsibilities of building ownership usually make this method a lot less passive than landlords wish it was.

Investors who want to build up a truly passive-income stream are probably much better off buying these dividend-paying stocks and holding them throughout their retirement years. With an average yield of 7.5% at recent prices, an investment of $13,330 spread evenly among them is enough to secure $1,000 in annual-dividend income in 2024.

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Source Fool.com