"Many investors rely on dividends as part of a passive income stream, and getting a monthly dividend payout is more beneficial. Typically, real estate investment trusts (REITs), business development companies, and closed-end funds are among the investment vehicles that pay distributions monthly. We screened our 24/7 Wall St. monthly dividend stock research database, looking for safe ideas that Boomers can own with confidence."
"While reaching retirement age can be both a blessing and a curse, relying on the U.S. government to provide for your needs is not the best idea. The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually for those born from 1955 to 1960, reaching 67, for anyone born in 1960 or later, full retirement benefits are payable at age 67."
"Seniors can likely expect another year of 2.6% cost-of-living adjustment (COLA). Monthly pay stocks are a great way to supplement Social Security with passive income. Extra income plus the tax breaks from the Big Beautiful Bill are big wins for Boomers. Are monthly pay dividend stocks a good fit for you? Why not schedule a meeting with a financial advisor near you and find out? Click here and get started today. (Sponsored)"
Social Security full retirement age varies by birth year, ranging from 66 for those born 1943–1954 to 67 for anyone born in 1960 or later. Seniors can likely expect a 2.6% cost-of-living adjustment (COLA). Social Security alone may not fund a comfortable retirement, so passive income sources are important. Monthly-pay dividend stocks, often found in REITs, business development companies, and closed-end funds, deliver distributions every month and align with monthly expenses. A screened database identified five high-yield monthly-pay stocks with Buy ratings from Wall Street, positioning them as potential reliable income supplements alongside pensions and tax advantages.
Read at 24/7 Wall St.
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