"The full retirement age is 66 if you were born from 1943 to 1954. For 1955 to 1959, it increases from 66 and two months to 66 and 10 months. For anyone born in 1960 or later, full retirement benefits are payable at age 67. Baby Boomers and those nearing retirement are likely aware that Social Security alone will not provide a comfortable retirement, so that passive income can be a significant boost to overall monthly income."
"A monthly check from your stock portfolio makes sense for most people with bills and expenses due every 30 days, especially in a world where prices are consistently rising. Items like mortgage payments or rent, utility bills, cell phone and internet bills, trash collection, and even grocery bills are always due each month. A steady stream of passive monthly income can be a huge help in meeting those obligations."
"We screened our 24/7 Wall Street research database for stocks of quality companies rated Buy at major Wall Street firms that paid monthly dividends. Five seem like great ideas for Baby Boomer passive income-oriented investors seeking upside appreciation. They are also regarded as among the safest monthly pay companies, one of which has paid dividends for over 30 years. All these stocks have a Buy rating at top Wall Street firms that we cover."
Retirement ages vary by birth year, with full retirement at 66 for those born 1943–1954 and rising to 67 for those born in 1960 or later. Social Security alone often fails to provide a comfortable retirement, making passive income important. Monthly dividend-paying stocks can supply reliable, regular cash flows to cover recurring expenses like mortgage payments, utilities, and groceries. High-quality companies that pay monthly dividends and hold Buy ratings at major Wall Street firms can offer both income and upside potential. Since 1926, dividends have accounted for roughly 32% of the S&P 500's total return, highlighting dividend significance.
Read at 24/7 Wall St.
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